Silicon philanthropy – New national record

The Peninsula Community Foundation received $229 million in charitable gifts, a record for annual donations to community foundations in the U.S., the San Francisco Chronicle reported Jan. 17.

The 36-year-old foundation, based in San Mateo, Calif., also handed out grants in 2000 totaling $65 million, up from $38 million a year earlier.

The foundation last year received its biggest grant ever — $655 million from Frank and Wynette Levinson of Palo Alto to create the Celebrity Foundation to focus on charities related to religion, science, education, the environment and technology.

Frank Levinson is chairman and chief technical officer of Finisar Corp.

The Peninsula Community Foundation manages assets of more than $44 million in 535 charitable funds and family foundations.

For full story, go to San Francisco Chronicle.

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