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View Single Spread Report 2020 1 CONTENTS Page 6 IMPACT CON6 Page 18 Page TENTS18 CRADLE TO STRATEGY CAREER 2 28 Page 28 CON2020 HIGHLIGHTS CRADLE TO CRADLE TO STRATEGY CAREER TENTS4 Executive Director Letter 14 Team 28 2020 Highlights: 6 Impact of RSF 16 Board of Directors SEED 8 Looking Ahead: 2021 18 Cradle to Career Strategy Stockton Corps 10 Financial Overview 24 COVID-19 Response Stockton Scholars 18 12 Thank you to Donors 26 BLM Statement Stockton Strong 3 Letter from Executive Director Dear Friends and Supporters – Stockton residents, particularly young people. The Foundation was founded initially in 2017 to When we launched the Reinvent Stockton provide a fiscal home for a $20 million donation Foundation (RSF) in 2017, it was to build hope and to launch Stockton Scholars, a city-wide college expand opportunity by investing in Stockton’s access and postsecondary scholarship program people. Informed by our experiences in this that to date has distributed over $1,000,000 in beautiful, diverse, high-potential city, the RSF grant funds to thousands of students; we are team envisioned a world in which all children now the largest single non-university provider receive the support needed to succeed in college, of private scholarships in Stockton. In addition, in careers, and in their communities. Rooted in in the time since we have helped to build the insights and guidance of local educators, broader education, civic engagement, and community organizers, faith-based leaders, and economic programs including Stockton Service policymakers, we knew that for our community Corps, Stockton Economic Empowerment to improve, we would need to build a world-class Demonstration (SEED), Mayors for A Guaranteed cradle-to-career continuum of support, and Income (MGI), the Stockton Youth Development that we needed bold philanthropic institutions in Planning Group (YDPG), and the Stockton Strong our community to launch this work. COVID-19 Response Coalition. In the past four years, we have been single We are already beginning to see promising results handedly focused on building the conditions – most notably in double-digit growth in financial that ensure critical needs are addressed for all aid completion rates among students, significant 4 Photo by Cassius Michael Kim increases in philanthropic investment overall, and educational, economic, and civic opportunities for a changing narrative about what is possible in Stockton’s historically marginalized communities. Stockton. This impact report outlines some of the ways we are measuring this change. But there is I hope you will join us in this work. still important work to do. Lange Luntao (Executive Director Jan 2020 exposed glaring and long-standing 2017 - Feb 2021) & Nik Howard (Executive inequities in communities like Stockton, but has Director effective March 2021), on behalf also given us glimpses of hope that a more just of the RSF team community and world are possible. We continue to stand in solidarity with our students in asserting that Black Lives Matter, and supporting efforts to build educational, economic, public safety, and civic systems that result in equitable opportunities for all. As our community starts its long recovery from the COVID-19 pandemic, we remain committed to working to ensure that all of our neighbors are able to live healthy and safe lives. RSF will continue to invest in our city’s people by cultivating innovative community- responsive programs and policies that enhance 5 Impact of RSF as a Whole RSF’S VISION IMPAAll Stockton residents thrive in a community that is invested in their success. RSF’S MISSION The Reinvent Stockton Foundation invests in our city’s people by cultivating innovative community- responsive programs and policies that enhance educational, economic, and civic opportunities for CTStockton’s historically marginalized communities. 6 RSF’S IMPACT Total Amount Granted to Individuals & Organizations (as of 12/31/2020*): $5.17MILLION + Total Students Served: 2,600+ STOCKTON SCHOLARS IN THE IMPACLASSES OF 2019 & 2020 Total Stockton Service Corps Members: 112 Total Articles Written About Stockton’s Guaranteed Income Pilot: CT 8,600+ *Please note - this includes numbers from our 2020 budget, which is in the process of being audited. 7 Looking Ahead: 2021 LOOKINGRSF Executive Director effective March 2021 The Reinvent Stockton Foundation (RSF) Board of Directors is pleased to announce the appointment of Nik Howard as RSF’s next Executive Director starting March 1, 2021. The Board unanimously selected Nik Howard for this role. Nik is an educator, nonprofit leader, and longtime resident of San Joaquin County who is proud to be raising his family in the Central Valley and is a parent to two children in Stockton public schools. Since entering public education as a founding Teach For America (TFA) Philadelphia corps member in 2003, every role he has taken on has been collaborative and innovative in nature — a spirit he hopes to bring to the role of Executive AHEADDirector of the Reinvent Stockton Foundation. 20218 LOOKINGSTOCKTON STOCKTON SERVICE SCHOLARS CORPS Guaranteed Scholarships through 2021 Expansion the Class of 2028 The Stockton Service Corps works to empower Through a generous $20 million donation from members of the community through accelerating, the Spiegel Family Foundation, the Stockton professionalizing, and improving the service Scholars program will deliver its promise to offer landscape in the city of Stockton. In 2019-20, scholarships to Stockton area youth of up $4000 over 100 AmeriCorps members supported for eligible students attending a 4-year college or Stockton’s highest needs schools with critical university and up to $1000 for eligible students educational support. In 2020-21, SSC grew to attending a community college or trade school. encompass work in COVID-19 disaster recovery (through partnerships with NCCC and VISTA) and Team Expansion in environmental stewardship (through the CA The Stockton Scholars team will continue to Climate Action Corps). expand in 2021, to best serve our students and community. One of the most significant expansions will be to hire a mentor program STOCKTON STRONG AHEADcoordinator to scale the work Stockton Scholars COALITION is doing to support students with college persistence. The Stockton Strong Coalition will continue working through the pandemic, keeping the Research Team coordination role through September 2021 Stockton Scholars has selected a research team dependent on the needs of the community. The and in partnership with California State University Social Distance Studies Study Hub is planned to Sacramento, will conduct a research study on the reopen in spring 2021. Stockton Scholars program. 2021 9 Financial Overveiw 2017-2019 $4,183,346 Our operational costs are largely funded by generousFINAN private donors - residents $51,784 of the city of Stockton and champions of $4,131,562 YEAR 2017 YEAR Stockton - who make it possible for us to use 100% of public donations for projects that advance an opportunity agenda in our community. We are also grateful to a select group of companies, foundations, and state government entities that have chosen to support our staff salaries and operations through corporate gifts and $6,351,199 grant investments. $659,542 $9,786,617 YEAR 2018 YEAR CES $7,548,249 CHART LEGEND $3,280,803 Income $14,675,721 Expenses 2019 YEAR Net Assets 10 BREAKDOWN OF RSF 2020 EXPENSES 2% 1% 9% FINAN18% 3% 4% 8% 7% CES32% Grants & Direct Total Salaries & Related Supplies: 2% Assistance: 65% Expenses: 31% Supplies: 2% Stockton Scholars & All Other RSF Core Ops: 7% Scholarship Programs: 18% Other: 1% Stockton Scholars Program Grants to Other Organizations: 32% Staffing: 8% Other Expenses: 1% Direct Assistance Disbursements - SSC Program Staffing: 4% SEED: 15% SEED Program Staffing: 3% Other Staffing & Professional Support: 9% 11 Thank you to Our Donors DONORS: ORGANIZATIONS • Agile Sourcing And Partners • HealthNet Advisors • A.G. Spanos Companies • Hopewell Fund • Sacramento Region THA• AKT Communities Fund • Housing Authority of County Community Fund • AmeriCorps of San Joaquin • SJ City Building & Trades • Anonymous Foundation • Institute for the Future Council • Bank of America • James Irvine Foundation • Schwab Charitable Fund • Bank of the West • Jerry Yang via Vanguard • Silicon Valley Community • Basketball Development, LLC Charitable Foundation • Benevity Fund • Joan Leonard Beerman • STAND • Blackbaud Giving Fund Foundation • Stanford University • Bloomberg Philanthropies • JP Morgan Charitable Giving • Stockton Children’s Fund • Blue Shield of California Fund • Stockton Convention & Foundation • Kaiser Permanente Visitors Bureau • California Community • Kathleen Goldhirsh • Stockton Port District Foundation Foundation • Susan Eggman for Assembly • California Volunteers • Lawrence Livermore National 2020 • CARE Laboratory • Spiegel Family Fund • Center for Cultural Innovation • Lubetzky Family Foundation • The California Endowment • Chang Charitable Fund • Michael P. Duffy Family Fund • The California Wellness NK• City Arts and Lectures • Mustardseed Trust Foundation • College Possible • Nautilus Data Technologies • The Harry and Jeanette • Community Foundation of • Pacific Gas & Electric Weinberg Foundation, Inc. San Joaquin Company • The San Francisco Foundation • Daryl and Tamra Petrick • Petrick Charitable Fund • United Airlines Charitable Fund • PG&E • United Way • Dhanam Foundation • Port of Stockton • Vanguard Charitable (Wise + • El Pollo Loco • Real Time with Bill Maher Axelrod)
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