Transformed Fund Reaps Windfall for Silicon Valley Community Foundation

The $1 billion major gift to the Silicon Valley Community Foundation by Facebook's Mark Zuckerberg and his wife, Priscilla Chan, is the capstone of a long-term strategy to reinvent the foundation in a way that makes it as cutting-edge as the ventures of Silicon Valley’s high-tech donors. Similar calls for modernization are being made across the country by community funds.