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The Intero Foundation Awards $505,000 to Local Organizations in 2017

News for 12.14.17
12.14.17
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Grants Go to Nonprofits Supporting Children and Elderly In Need

CUPERTINO, Calif. (Dec.14, 2017) – The Intero Foundation, a non-profit devoted to helping children and elderly in need, announced their cumulative donations so far in 2017. The Foundation donated $505,000 to local nonprofits that support low-income and disadvantaged youth, as well as elderly in need. Since its inception in 2002, the Foundation, which is funded, promoted and governed by Intero Real Estate Services’ agents and employees, has raised more than $4.5 million. “We’re so thrilled that we’re able to give to such wonderful organizations around the Bay Area,” said Tom Tognoli, Intero President & CEO. “We know that these grants are going to be put to good use and we are so happy that we can help children and elderly in the communities we serve.”

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In conjunction with the money given to the foundations’ designated grant recipients, they are also donating more than $400,000 to the Silicon Valley Community Foundation (SVCF), the largest community foundation in the world.

“Silicon Valley Community Foundation congratulates the Intero Foundation on its 2017 accomplishments,” said Stuart Burden, Vice President, Corporate Responsibility, Silicon Valley Community Foundation. “The Intero team’s dedication to improving their communities exemplifies the best of Silicon Valley, and SVCF is proud to partner with them on their philanthropic goals.” In addition to the local organizations that the Intero Foundation and SVCF supports, this year there were additional efforts to help those impacted by natural disasters. Additional funds and resources were raised and distributed to the following:

Wildfires of Northern California
• Community Action Napa Valley
• Napa Valley Community Foundation
• Community Foundation Sonoma County
• The Redwood Empire Food Bank: Car full of food and supplies

Houston Floods
• Greater Houston Community Foundation
• Business for Social Good via Thuy Do of Intero Silver Creek
We are also excited to announce the Intero Foundation is supporting the Tom Tognoli Scholarship Fund. The scholarships will be given to one successful Chico State applicant each year from 2018-2023 for a total scholarship fund of $25,000. Tognoli is a graduate of Chico State and was the commencement speaker at this year’s graduation ceremony.