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Attachment 1 Three Valleys COMMUNITY 11, FOUNDATION AMAOOR • LIVERMORE • SAN RAMON January 10, 2022 Mayor Karla Brown,City of Pleasanton Councilmembers Valerie Arkin,Jack Balch, Kathy Narum,Julie Testa -via email- Dear Honorable Mayor and City Council, Thank you for your consideration of the City of Pleasanton's investment in the Three Valleys Community Foundation (3VCF). We know the council identified a few options for staff to review. We now offer our input for your consideration. Our newly minted Community Foundation is designed to harness and pool the region's valuable professional, human and financial resources in support of our local non-profits and other human and capital service needs. We recognize that community foundations, in general, are unique entities. In fact, banker Frederic Goff established the first community foundation in Cleveland, Ohio, in 1914. His goal was to create a permanent endowment that would benefit the citizens of greater Cleveland for years to come. More than a century later,The Cleveland Foundation awards grants worth $80 million each year to a variety of projects and programs in that region. Today,there are about 800 community foundations operating in the United States, all of which are focused on addressing community needs in a select city, county, state, or region. Three Valleys is now one of these foundations and we are proud to represent the Tri-Valley region. This short video addresses the basic premise. As you know,from your direct experience on the City Council, local non-profit organizations have become the backbone of social services in our region during the pandemic. We have come to rely on them to address various community needs, including food insecurity, emergency shelter, mental health services, animal care,and even augmenting COVID response and recovery—to name a few. The financial support system for these non-profit organizations was fragile prior to the pandemic, but now, more than ever,the demand and need for these services is on the rise. Three Valleys Foundation Community Foundation is seeking to provide additional resources—by connecting local donors to local needs-and to collaborate on these issues. We obtained our official nonprofit IRS status this past summer. We are led by a strong board of directors and advisors—all of whom have extensive experience in the public and private sectors, including community and non-profit leadership, organizational and fiduciary management, and banking and capital asset oversight. Community foundations are not typical nonprofit organizations.We do not provide direct services. Nor do we seek to compete with local nonprofits that do. Rather, we serve as an anchor and connector in our community, facilitating and pooling public and private donations (donor advised funds, endowments, scholarships, etc.)that are then used to address community needs and support local non- profits through numerous types of grantmaking programs. Many cities also support community foundations by setting up special funds for local residents to support area initiatives.Think what might be possible if the city set up a fund where anyone could contribute to the Amador Theatre renovation, all- abilities playground or the proposed skate park and receive a tax deduction by doing so.This is the type of value a community foundation—where the only vested interest is the greater good of the community. 1