Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
Oakland receives $34 million gift from anonymous donor to benefit underserved residents
The story is from last year, but it is relevant today.
http://www.mercurynews.com/breaking-news/ci_28483027/oakland-receives-34-million-gift-from-anonymous-donor
An anonymous donor wanted to give $34 million to benefit underserved residents in Oakland. And the donor wanted that money "in the streets" by the summer.
The staffer at the San Francisco Foundation who answered the phone in February knew this was big -- for the foundation, but mostly for Oakland.
A $34 million cold call to benefit the Bay Area's most embattled city was unheard of, said Fred Blackwell, CEO of the San Francisco Foundation, which was founded in 1948, has a $1.3 billion endowment and gives about $90 million annually in grants to nonprofits across the Bay Area.
"It was a once-in-a-lifetime opportunity," Blackwell said at a Tuesday news conference at the East Oakland Youth Development Center attended by dozens of community leaders in government and other nonprofit community groups. "We have never gotten a phone call like that in the past."
The staffer at the San Francisco Foundation who answered the phone in February knew this was big -- for the foundation, but mostly for Oakland.
A $34 million cold call to benefit the Bay Area's most embattled city was unheard of, said Fred Blackwell, CEO of the San Francisco Foundation, which was founded in 1948, has a $1.3 billion endowment and gives about $90 million annually in grants to nonprofits across the Bay Area.
"It was a once-in-a-lifetime opportunity," Blackwell said at a Tuesday news conference at the East Oakland Youth Development Center attended by dozens of community leaders in government and other nonprofit community groups. "We have never gotten a phone call like that in the past."
The anonymous donor is believed to be none other than Prince Rogers Nelson, who had rather strong ties to Oakland (the whole Sheila E. thing).
2 replies
= new reply since forum marked as read
= new reply since forum marked as read
