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Support from California Nonprofits for AB 2936 (Wicks) – Page 1 of 14 Support from California nonprofits for AB 2936 (Wicks) – Page 1 of 14 July 6, 2020 The Honorable Hannah-Beth Jackson Chair, Senate Judiciary Committee State Capitol Sacramento, CA 95814 RE: Support for Assembly Bill 2936 – Supervision of Trustees and Fundraisers for Charitable Purposes Act: donor-advised funds (Wicks) Dear Chair Jackson, As nonprofit leaders in California, we write to express our organizational support for Assembly Bill 2936 (Wicks), which will establish a classification, under Govt. Code §12586, for sponsoring organizations that maintain donor-advised funds (DAFs). The bill also includes definitions for “donor-advised funds” and for “sponsoring organizations” and affirms the authority of the California Attorney General to require reports from DAF sponsoring organizations. DAFs have grown significantly over the past several years. The national share of total individual charitable giving contributed to DAFs increased from 4.4 percent in 2010 to 10.2 percent in 2017, with DAF sponsoring organizations holding more than $110 billion in charitable assets. DAF sponsoring organizations affiliated with large Wall Street financial firms are now among the largest recipients of all charitable giving in the United States. Indeed, Fidelity Charitable receives more charitable contributions than any other “charity” and holds more than $31 billion in net assets. California forgoes a conservatively estimated $340 million a year in General Fund revenue to provide charitable deductions for DAF contributions, without comparable benefit to the public. While DAF fundholders take an immediate tax deduction, DAF administrators can hold these funds indefinitely. Under existing California law, there is no guarantee that any DAF funds will reach charitable organizations. It is difficult for California communities in need to see the billions of dollars being held in donor-advised funds without going to nonprofits. This result is particularly egregious given the COVID19 crisis and economic recession. Accountability for DAFs has never been more crucial than it is now. We support AB 2936 because the bill is a good first step to increase DAF accountability so that California’s struggling communities and the nonprofits that serve them have greater access to the charitable funds that DAFs are holding. For these reasons, we respectfully request that you support AB 2936. Thank you for your consideration. Sincerely, Jan Masaoka Bill Fuser CEO Board President CalNonprofits CASA El Dorado San Francisco, CA Placerville, CA 95667 Senate District 11 Senate District 1 Support from California nonprofits for AB 2936 (Wicks) – Page 2 of 14 Mary Mitchell Hillarie Beyer Co-Senior Minister and Board Vice President Executive Director Center for Spiritual Living McKinleyville Community Collaborative Redding, CA 96002 McKinleyville, CA 95519 Senate District 1 Senate District 2 Marni Marshall Jaqueline Dandeneau Executive Director Executive Director Grass Valley Downtown Association Playhouse Arts Grass Valley, CA 95945 Arcata, CA 95521 Senate District 1 Senate District 2 Jenny Hatch Linda Civitello Executive Director Executive Director Sierra Nevada Alliance Sebastopol Area Senior Center South Lake Tahoe, CA 96158 Sebastopol, CA 95472 Senate District 1 Senate District 2 Janet Sherwood Ellie Cohen Deputy Director Chief Executive Officer Advokids The Climate Center Corte Madera, CA 94925 Sebastopol, CA 95472 Senate District 2 Senate District 2 Joel Kirsch Libby Maynard President Executive Director American Sports Institute The Ink People Mill Valley, CA 94941 Eureka, CA 95501 Senate District 2 Senate District 2 Rose Gale-Zoellick Michele Grupe Executive Director Executive Director Breast and GYN Health Project Cope Family Center Arcata, CA 95521 Napa, CA 94559 Senate District 2 Senate District 3 Douglas Brown Jody Lorns Board Chair Executive Director Buckelew Programs Diablo Valley Foundation for the Aging Novato, CA 94920 Pleasant Hill, CA 94523 Senate District 2 Senate District 3 Len Marabella Dan Dorsett Chief Executive Officer Co-Founder Catholic Charities of the Diocese of Santa Rosa Feet First Foundation Santa Rosa, CA 95403 Martinez, CA 94553 Senate District 2 Senate District 3 Diane Olson Laura Ghiron Executive Director President Hope Counseling Services Partners in Expanding Health Quality and Petaluma, CA 94952 Access Senate District 2 Davis, CA 95618 Senate District 3 Support from California nonprofits for AB 2936 (Wicks) – Page 3 of 14 Margaret Farman Claire Curley CEO Executive Director United Cerebral Palsy of the North Bay Broad Room Creative Collective Petaluma, CA 94954 Sacramento, CA 95815 Senate District 3 Senate District 6 Thomas Tenorio Julie Baker Chief Executive Officer Executive Director Community Action Agency of Butte County, Inc. Californians for the Arts Chico, CA 95973 Sacramento, CA 95814 Senate District 4 Senate District 6 Danielle Downey Judy Thomas, JD Executive Director Chief Executive Officer Project Apis m. Coalition for Compassionate Care of California Orland, CA 95963 Sacramento, CA 95833 Senate District 4 Senate District 6 Raquel Mangone Jarnell Harper Commander VFW Post 1487 Director Roseville VFW Post 1487 Hope Family Services Roseville, CA 95678 Sacramento, CA 95838 Senate District 4 Senate District 6 Esther Rosas David Heitstuman Executive Director CEO Community Housing and Shelter Services of Sacramento LGBT Community Center Stanislaus County Sacramento, CA 95811 Modesto, CA 95353 Senate District 6 Senate District 5 Anna Hasselblad Shelby Young Director of Public Policy Executive Director United Ways of California Lodi House Sacramento, CA 95814 Lodi, CA 95240 Senate District 6 Senate District 5 Evan Minton Amy Portello-Nelson California State Policy & Programmatic Manager Nonprofit Consultant Voices for Progress Substratum Systems Sacramento, CA 95814 Stockton, CA 95219 Senate District 6 Senate District 5 Mary Tressel Patrick Koepele Executive Director Executive Director Armanino Foundation Tuolumne River Trust San Ramon, CA 94519 Modesto, CA 95354 Senate District 7 Senate District 5 Dee Dee Robillard Amanda Nelson Community Projects Manager - Media, Grants, Executive Director and Development Albie Aware Breast Cancer Foundation Contra Costa Crisis Center Sacramento, CA 95815 Walnut Creek, CA 94598 Senate District 6 Senate District 7 Support from California nonprofits for AB 2936 (Wicks) – Page 4 of 14 Neil McGovern Pamela Pascual Executive Director Founding Partner GNOME Foundation Inc Amber Initiative Foundation Orinda, CA 94563 Oakland, CA 94610 Senate District 7 Senate District 9 Kate Trevelyan-Hall Andy Gaines Director of Grants and Stewardship Executive Director Junior Achievement of Northern California Ashby Village Walnut Creek, CA 94597 Berkeley, CA 94707 Senate District 7 Senate District 9 Pam Clemmons Cynthia Burke Donor Relations/Fundraising President/Founder Lazarex Cancer Foundation Bee Holistic Cat Rescue and Care Danville, CA 94526 Richmond, CA 94805 Senate District 7 Senate District 9 Heather Greaux Erica Mohan, PhD Executive Director Executive Director Open Heart Kitchen Community Education Partnerships Pleasanton, CA 94566 Berkeley, CA 94705 Senate District 7 Senate District 9 Edie Nehls Steve Lew Executive Director Project Director Sunflower Hill CompasPoint Livermore, CA 94588 Oakland, CA 94607 Senate District 7 Senate District 9 Ann King Adar Schneider Executive Director Associate Tri-Valley Haven Hatchuel Tabernik and Associates Livermore, CA 94550 Berkeley, CA 94710 Senate District 7 Senate District 9 Matthew Ari Jendian PhD Sahar Petri Professor Project Manager Humanics@FresnoState HTA Consulting Fresno, CA 93740 Berkeley, CA 94710 Senate District 8 Senate District 9 Phoebe Seaton Nancy Ng Co-Executive Director Executive Director, Creativity & Policy Leadership Counsel for Justice and Luna Dance Institute Accountability Berkeley, CA 94710 Fresno, CA 93721 Senate District 9 Senate District 8 Chuck Brown Christina Tran Founder Community Outreach Specialist Orion Advising Resources for Independence Central Valley Oakland, CA 94612 Fresno, CA 93726 Senate District 9 Senate District 8 Support from California nonprofits for AB 2936 (Wicks) – Page 5 of 14 Leah Spelman Stephen Knight Executive Director Executive Director Partnerships for Trauma Recovery Worksafe Berkeley, CA 94704 Oakland, CA 94612 Senate District 9 Senate District 9 Devi Peacock Brandi White Artistic and Executive Director President Peacock Rebellion Destiny and Beyond Inc Oakland, CA 94606 Fremont, CA 94538 Senate District 9 Senate District 10 Heather Frank Esther Peralez-Dieckmann Executive Director Executive Director Piedmont Education Foundation Next Door Solutions to Domestic Violence Piedmont, CA 94601 San Jose, CA 95112 Senate District 9 Senate District 10 Corey Newhouse Emilia Carrara Founder and Principal Development Coordinator Public Profit AIDA Oakland, CA 94612 San Francisco, CA 94111 Senate District 9 Senate District 11 Michael Scott Anita Engles Individual Philanthropy Manager Executive Director Seacology American Bookbinders Musem Berkeley, CA 94707 San Francisco, CA 94103 Senate District 9 Senate District 11 Diane Del Signore Tim Wolfred Executive Director Board Vice-President Simpson Literary Project Art With Elders Oakland, CA 94619 San Francisco, CA 94127 Senate District 9 Senate District 11 Melissa Hellums Kristen Wolslegel Executive Director Executive Director Sister to Sister 2, Inc. BABEC Oakland, CA 94612 San Francisco, CA 94080 Senate District 9 Senate District 11 Greg Baldwin David Schleifer-Lee President
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