Sobrato Foundation Awards $3.8 Million to Boost Economic Mobility

The has announced multiyear grants totaling $3.8 million to help boost economic mobility in Silicon Valley.

Grants include more than $1.75 million in general operating support to eleven emergency and food assistance providers working to address various and growing needs in the region; nearly $1.5 million in unrestricted funds through its Healthy People & Places program for thirteen nonprofit organizations working to provide critical health and human services to families and children; and two grants totaling $159,000 in support of services for seniors. The grants include a 2:1 matching requirement that is expected to generate $5 million in total support for recipients.

In addition, the foundation awarded responsive and strategic grants totaling nearly $440,000, including a grant of $115,000 in support of efforts to ensure that funds received by high-need school districts though California's new Local Control Funding Formula are used to help close the achievement gap for low-income and English-as-a-second-language students.

"California's new Local Control Funding Formula is a critical mechanism for districts to allocate resources to help close what is a daunting achievement gap," said Kenji Treanor, senior program officer for education at the foundation. "These funds could make economic mobility a real possibility for thousands of future graduates in our community who can be better supported to succeed in school and in life."

"It is crucial that our community addresses economic disparity and the hopelessness it creates," said Sobrato Family Foundation CEO Rick Williams. "Far too many people in our community see the wealth generated and the opportunities created in the valley as unattainable. That's why Sobrato Philanthropies supports strategies designed to create opportunities and help individuals grow the skills needed to take advantage of these opportunities when they're presented."

For a complete list of grant , visit the Sobrato Philanthropies website.

"." Sobrato Philanthropies Press Release 08/22/2014.