HomeMy WebLinkAbout5.1 Request for Funding from Three Valleys FoundationSTAFF REPORT
CITY COUNCIL
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Agenda Item 5.1
EXECUTIVE SUMMARY:The City Council will review written communication from Three Valleys Foundation requesting $50,000 in funding over three years to bring a geographically based community foundation to the Tri-Valley.
STAFF RECOMMENDATION:Provide the City Manager with direction to approve the funding request from Three Valleys Foundation.
FINANCIAL IMPACT:If the City Council authorizes the contribution in year one, there is sufficient funding available in the current year budget. Appropriations for years two and three will be included in future budget processes.
DESCRIPTION:The City Council will review written communication from Three Valleys Foundation requesting $50,000 in funding. Representatives from the Foundation will be available for a brief presentation and to answer questions regarding their request.
STRATEGIC PLAN INITIATIVE:None.
DATE:November 2, 2021
TO:Honorable Mayor and City Councilmembers
FROM:Linda Smith, City Manager
SUBJECT:Request for Funding from Three Valleys FoundationPrepared by:Linda Smith, City Manager
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NOTICING REQUIREMENTS/PUBLIC OUTREACH:The City Council Agenda was posted.
ATTACHMENTS:1) Letter from Three Valleys Foundation
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October 18, 2021
The Honorable Melissa Hernandez, Mayor
Linda Smith, City Manager
City of Dublin
100 Civic Plaza
Dublin, CA 94568
-via email-
Dear Melissa and Linda,
On behalf of the board of directors and advisory council, we are pleased to let you know
Three Valleys Community Foundation has officially received IRS recognized nonprofit status.
We are excited and honored to bring a geographically -based community foundation to our area.
Our goal is twofold: first, to assist local donors, philanthropists and foundations in finding and
supporting meaningful causes and nonprofit organizations in our region; and second, to add
value to existing community initiatives, while also assessing new opportunities. We welcome the
opportunity to collaborate on any new programs our cities and/or county districts might hope to
support in the future to help local residents.
We’ve purposely aligned with key partners and mentors – including Community Foundation of
San Joaquin, (COSJ) in Stockton, in a shared services agreement to provide back -office functions.
COSJ, in existence since 2007, now has more than $21 million in assets. Their CEO, Moses Zapien
is a former chair of the San Joaquin board of supervisors . He also served on the Stockton city
council. We will be working closely with Moses on a roadmap to success that includes
accreditation by the Council of Foundations. There are more than 300 accredited community
foundations nationwide. Our goal is to achieve this recognition, ensuring full transparency and
trust along the way.
As with any start up organization, securing initial funds to assist with administrative expenses is
critical. We’ve set an ambitious goal to raise $500K to cover three years of operational
expenses, including insurance, salaries, marketing and fund fees. While our board and advisory
council will continue serve in a volunteer capacity, we do anticipate hiring one FT employee – an
executive director. This decision is one of the ‘best practices’ identified by the Council of
Foundations. If we are going to launch a successful community foundation, we have to go ‘all in.’
Attachment 1
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Thus, we are coming to you with a specific request– that the city of Dublin allocate $50K,
(payable over three years) as one of five cities/towns in our region, to support this effort. We
are asking Pleasanton, Livermore, San Ramon and Danville for the same amount ($50K). We’ve
asked our counties for $100K each and I am pleased to let you know that both Supervisor David
Haubert and Supervisor Nate Miley have made th ose commitments for Alameda. We are also
seeking corporate commitments and have already received funds from a number of entities.
Please note - this is a one-time request for operational support . However, we do anticipate,
given the critical functional areas that funds from the American Recovery Act will be supporting,
there will be future opportunities to assist the city of Dublin as a conduit for those funds to
nonprofits and direct service providers in our area. As a grantmaking entity, this is exactly the
type of support community foundations often provide. We welcome future discussions as to
how we might be able to assist in this are a and/or to learn of any upcoming RFP’s.
We are now in our silent phase – sharing our goals and objectives with key community
leaders/organizations, securing funds and partnerships and growing our board/advisory council
in a manner that truly reflects the diversity of our region. Our public launch will begin on
November 1 – with options for donors to contribute to a number of funds, including the
Pleasanton Weekly Holiday Campaign. Donor Advised Funds and other philanthropic
opportunities will also open Nov 1.
We realize there are many priorities you have for our community - and that funds are limited.
But we believe your investment now into 3VCF will provide long -term dividends for all who
reside here and set an example of an effective public-private partnership that others follow.
Thank you for your consideration and please let us know if you have additional questions.
We’re happy to meet with you to advance this discussion as desired.
Respectfully,
John Sensiba Susan Houghton
Chair, Board of Directors Secretary/Interim CFO
Three Valleys Community Foundation
5960 Inglewood Drive, Suite 201 - Pleasanton, CA 94588 - info@3VCF.org
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Three Valleys Community Foundation (3VCF) is an IRS recognized 501(c)(3) nonprofit organization.
Contributions are tax deductible, as defined by law. Federal Tax ID# 87-1782380
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