Rockefellers open valley venture
Group sees giving power despite bad economy
The Mercury News, 2/26/03
The Rockefellers are betting on Silicon Valley’s recovery.
Tuesday, Rockefeller Philanthropy Advisors – established 120 years ago to advise the famous East Coast family on giving – opened an office in San Francisco. It’s the latest of numerous ventures that organizations tied to the Rockefellers have quietly set up in the Bay Area over the past few years.
The goal is to help shape the course of giving in a region that, despite the economic downturn, is viewed as influencing the future of American philanthropy. Their foray also suggests that while the valley’s current economic situation isn’t anything to get excited about, there’s still a lot of money left over from the boom years for philanthropy.
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