Silicon Valley Community Foundation Awards $1 Million to Help Area Residents Build Assets

"In the midst of a recession, it is critical for us to invest in programs that offer residents in our communities financial education and savings incentives so they can better handle serious setbacks such as a car breaking down or the loss of a job," said SVCF president and CEO Emmett D. Carson. "We also need to support innovative ideas that will help more people gain the knowledge and practices they need to put them on better financial footing."