Foundation Development Committee Meeting Tuesday March 6, 2018 - PowerPoint PPT Presentation

Foundation Development Committee Meeting Tuesday March 6, 2018 eastbaycf.org

Agenda 1. Update on Development Goals FY 18 a) Highlights from team to date b) Opportunities in pipeline 2. Development of a Donor Learning Experience around A Just East Bay 3. Update on RFP for Feasibility Study - Possible Endowment Campaign 90 th Anniversary 4.

Update on Development Goals New Gifts to Funds as of Feb. 28, 2018 - $36.9M (Excluding Kaiser Gift of $130M)  Surpassed New Gifts Goal of $25M and currently setting a “stretch goals.”  Significant gifts to highlight:  $13.2M gift in stock from Mitch Kapor.  $5.6M gift relating to sale of property, multi-year cultivation.  $3M gift from Kaiser relating to Oakland Promise.  $1.7M grant from TCWF to local nonprofit; Kaiser supported EBCF role.  $1M gift from trust; referred by and facilitated by former board member Tim Smallsreed.

Update On Development Goals New Funds as of Feb. 28, 2018 - 34  Surpassed original goal of 25 new funds; team setting a “stretch goal.”

Update On Development Goals Unrestricted Gifts as of Feb. 28, 2018 - $322,332  Reached 72% of our goal of $450K.  Achieved 100% staff participation in the campaign, matched by James.  60 new donors to End of Year Appeal, 40% are staff.  Provided entry point to re-engage long time dormant donors  created interest in other work.  Unexpected unrestricted gifts (e.g. $430K from trust)  importance of focusing on planned giving.

Opportunities in Pipeline  Possibility to house Oakland Promise quasi-endowment (~$50M) – they have established an initial fund with us with $3M.  Strengthening existing Supporting Organization (Helzel) and new Supporting Organization, East Bay Foundation on Aging ~ $11M.  Potential opportunity to advise Gilead on a major investment around HIV/AIDS in East Bay ~$50M.  Opportunity to meet with Sobrato Organization re: their community giving (~$100-120M).

Collective Giving Experiences and an Equity Learning Arc for Donors Giving Circles  EBCF has supported giving circles in the past, however since October, we’ve welcomed two women-led circles to EBCF:  The Economic Development and Justice Giving Circle (EDJe), which supports organizations focused on access to child care for low-income families and sex trafficking, and  The Race, Gender and Human Rights (RGHR) Giving Circle, which promotes human rights and racial and gender justice by challenging the criminal justice system and its use of mass incarceration in California.  These types of giving circles = donor segments we want to attract more of.  They also are providing us with one live opportunity to develop a broader donor equity learning arc. Donor Equity Learning Arc  We are also developing a Learning Arc with individual donors who come to EBCF to strengthen their understanding, identity, and ability to address deep, structural change in our community through their individual and collective actions, including philanthropy.  Participants will be focused on learning about the history and origination of current structural and systemic barriers to opportunity in our society (including policies, mindsets and narratives), and what it will take to improve conditions for entire populations or communities.  We are experimenting with the CIP team on ways to expose select, new donors to core equity frameworks.  Kent Rasmussen ($1M DAF holder) - Has been an important case study about how to provide donor education around social justice/systemic inequalities/EBCF’s vision around a just East Bay and how CIP/DEV can work together collaboratively.

RFP For Feasibility Study – Possible Endowment Campaign  RFP has been revised to avoid duplication of ongoing or prior research on our readiness for a campaign.  Senior leadership has been addressing internal capacity gaps raised by D. Omi report (shared with board in Dec. 2017) and action plans have been set, with leadership taking responsibility for different areas.  Some concrete steps have already been taken.  Results of a feasibility study will feed into and strengthen ongoing work to revise our business model, engage in any type of major gift solicitation effort.  Recommendation: Move forward with issuing RFP in March/April 2018; select final consulting firm by June.

90 th Anniversary  Goals:  Highlight EBCF’s 90 years of history;  Inspire stakeholders with our vision for our future;  Raise unrestricted dollars.  Proposed Format:  Two smaller (100-150 people) events; 1 in Alameda Co. and 1 in Contra Costa Co.  Fireside chats between James, Board Members, and well known local figures (politicians, artists, activists, athletes, or other community / business leaders).  Goal is to have 1st in Fall 2018, 2 nd in Winter/Early Spring 2019.  Announce large unrestricted gifts made by 2-3 core partners (e.g. Kaiser, Kapor, Rogers) by 1st event as a symbolic investment in EBCF’s future; will strengthen end of year appeal.  Request:  3-4 board members to be part of a 90 th Anniversary Committee with EBCF leadership.

QUESTIONS?