Skip to content

Silvergate is proudly committed to supporting the global and local communities we serve. See below for more information on our contributions to the digital currency and Southern California communities.

Digital currency community

As a demonstration of our commitment to the digital currency community, we’re pleased to share we’ve pledged an ongoing quarterly donation to Brink, a 501(c)(3) not-for-profit organization dedicated to supporting the Bitcoin community through developer fellowship and grant programs.

Silvergate’s donation will support Bitcoin open-source development, including active Bitcoin developers and future engineering talent.

“Brink is excited to have Silvergate as our first partner to contribute on a recurring quarterly basis, helping us achieve sustainable Bitcoin open-source development for years to come.” – Mike Schmidt, Executive Director of Brink

Southern California community and Community Reinvestment Act


Donation Request Guidelines

Silvergate Bank is committed to the economic and cultural growth of Southern Californians. We support non-profit community groups and activities, while encouraging Silvergate Bank employees to become actively involved in their communities.

In addition, the Silvergate Bank's Community Reinvestment Committee contributes funds to select non-profit organizations at the corporate level. To allow adequate time for consideration, please submit requests at least two months before you need actual funding.


Our guidelines evaluate requests for support and contributions. These requests are considered from non-profit organizations based in Southern California, who serve Southern California residents in the following categories:

  • Affordable housing
  • Health and welfare services
  • Financial literacy
  • Youth and senior services
  • Minority services
  • Culture, museums, and the arts

Eligible organizations must be non-profit and designated as tax-exempt under Section 501(c)(3) of the Internal Revenue Code, or a public service organization or institution. Additionally, funds will not be contributed toward an organization's general operating expenses. Requests for support will not be considered from:

  • Individuals
  • Religious or political groups
  • Groups based outside Southern California

Donation Request Application

Please submit a completed Donation Request Application along with a copy of the organization's current expense statement and budget, list of Board of Directors, and the most current Annual Report. The Donation Request Application is available at the following location:

Silvergate Bank
Compliance Department
4250 Executive Square, Suite 300
La Jolla, CA 92037

Please ensure the following is clearly identified in the Donation Request Application form:

  • Description of the organization, including its history, purpose, and proposed project
  • A statement of need and a description of the methods chosen to meet its goal
  • The time expected to complete this project as well as any major milestones
  • The total cost of the project, other sources and levels of funding, and the amount and/or items being requested
  • A statement demonstrating broad community support for and involvement in the project and the organization

Contribution requests are reviewed periodically. Each organization approved for a donation will be forwarded an award letter if approved by the committee.

Kids' Day at the Beach

Silvergate Bank is a proud sponsor of the "Kids' Day at the Beach," a non-profit event that occurs twice a year, offering fun, sun and surfing instruction for underprivileged children in the San Diego area.


Children from St. Vincent de Paul Shelter for Homeless Families and Challenged Athletes, both located in downtown San Diego, take part in the "Kids' Day" event. Each year the children have the opportunity to learn how to surf and enjoy a beachside barbecue lunch and bags of goodies donated by local and national sponsors. The event teaches coordination and promotes confidence and enhanced self-esteem.

The Day at the Beach Foundation was founded by Scot Cherry, a member of the WindanSea Surf Club in La Jolla. Harold Reid is the event's director and he is assisted by a team of generous supporters from the WindanSea Surf Club, who volunteer and fundraise for the "Kids' Day" event. Volunteers from across Southern California, including members from other surfing organizations, also attend and assist in teaching the children.

"For many of these children, Kids' Day at the Beach is the first time they have ever been to the ocean, even if they have grown up in San Diego," says Reid. "The joy this event puts in their hearts is evident; it shows on their faces and makes everything we do to put on this event worth it one hundred times over. We anticipate another exceptional turnout of both children and volunteers this year."

In past years, Kids' Day has attracted such surfing legends as Mike Doyle, John Peck, surf photographer Tom Keck, and other local legends like Peter King, Saxon Boucher, and more.

Silvergate Bank has been instrumental over many years by organizing fundraising and funds management. The company has created a portal through their home page where supporters can donate money to Kids' Day electronically. Ocean Minded has joined WindanSea Surf Club as co-sponsor. The La Jolla YMCA also donates a bus and arranges for a driver each year.

For more information about "Kids' Day at the Beach," or to volunteer, please visit the WindanSea Surf Club Website or email them at [email protected]*.



Community Reinvestment Act

The Community Reinvestment Act ("CRA") requires that the federal banking regulators encourage insured financial institutions to help meet the credit needs of the local communities in which they are chartered, consistent with safe and sound operation.

Silvergate Bank is invested in the communities where we live and work and values the opportunity to be an integral part of each community we serve. Whether through the donation of volunteer time or direct financial support, our giving is based on the belief that our vitality as a community bank depends on the well-being of Southern California communities. Silvergate Bank is committed to meeting the credit needs of the communities in our assessment area while maintaining high credit quality standards and sound non-discriminatory practices.

The Board of Directors and Management of the Bank fully support the purpose of CRA, and recognize the need to establish and appropriately document the Bank's CRA policy and efforts, including participation by Bank employees, Management, and the Board in CRA efforts, including any community development activities to help meet the credit needs of the local communities in which they are chartered, consistent with safe and sound operation.

Our goal at Silvergate Bank is to continue to build mutually beneficial relationships with our customers for the vitality of our communities.

Under the Federal Community Reinvestment Act (CRA), the Federal Reserve Board (FRB) evaluates our record of helping to meet the credit needs of this community consistent with safe and sound operations. The FRB also takes this record into account when deciding on certain applications submitted by us.

Your involvement is encouraged.

You are entitled to certain information about our operations and our performance under the CRA, including, for example, information about our Business Banking Centers, such as their location and services provided at them; the public section of our most recent CRA Performance Evaluation, prepared by the FRB; and comments received from the public relating to our performance in helping to meet community credit needs, as well as our response to those comments. You may review this information today.

At least 30 days before the beginning of each quarter, the FRB publishes a nationwide list of the banks that are scheduled for CRA examination in that quarter. This list is available on the Federal Reserve Bank's website at You can also correspond in writing with the Federal Reserve Bank Consumer Help Center P.O. Box 1200 Minneapolis, MN 55480.

Please send requests for copies of our most recent CRA performance evaluation or CRA public file and written comments about our performance in helping to meet community credit needs to:

Silvergate Bank
Community Reinvestment Act Officer
4250 Executive Square, Suite 300
La Jolla, CA 92037

You may also send comments to the FRB Regional Manager.

Your letter, together with any response by us, will be considered by the FRB in evaluating our CRA performance and may be made public.

You may ask to look at any comments received by the FRB Regional Manager. You may also request from the FRB Regional Manager an announcement of our applications covered by the CRA filed with the FRB.