Merger between the Community Foundation Silicon Valley and the Peninsula Community Foundation

The Associated Press reported on May 4, 2006 that the Community Foundation Silicon Valley and the Peninsula Community Foundation have announced that they are considering a merger to create a combined endowment of $1.36 billion.  The merger would result in the nation’s third largest community foundation, behind only the New York Community Trust ($1.8 billion) and the Cleveland Foundation ($1.6 billion).

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