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Support from California Nonprofits for AB 2936 (Wicks) – Page 1 of 24 Support from California nonprofits for AB 2936 (Wicks) – Page 1 of 24 Support from California nonprofits for AB 2936 (Wicks) – Page 2 of 24 July 6, 2020 (updated July 13, 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 Elena DeLacy Mary Mitchell Executive Director Co-Senior Minister and Board Vice President American River Conservancy Center for Spiritual Living Coloma, CA 95613 Redding, CA 96002 Senate District 1 Senate District 1 Support from California nonprofits for AB 2936 (Wicks) – Page 3 of 24 Marni Marshall Len Marabella Executive Director Chief Executive Officer Grass Valley Downtown Association Catholic Charities of the Diocese of Santa Rosa Grass Valley, CA 95945 Santa Rosa, CA 95403 Senate District 1 Senate District 2 Jenny Hatch Linda Jacobs Executive Director Chief Executive Officer Sierra Nevada Alliance Center for Volunteer & Nonprofit Leadership South Lake Tahoe, CA 96158 San Rafael, CA 94903 Senate District 1 Senate District 2 Janet Sherwood Kerry Venegas Deputy Director Executive Director Advokids Changing Tides Family Services Corte Madera, CA 94925 Eureka, CA 95501 Senate District 2 Senate District 2 Mary Khan Victoria Silverman Executive Director Managing Founder and CEO Ali Akbar College of Music Cook Silverman Search San Rafael, CA 94901 Greenbrae, CA 94904 Senate District 2 Senate District 2 Joel Kirsch Diane Olson President Executive Director American Sports Institute Hope Counseling Services Mill Valley, CA 94941 Petaluma, CA 94952 Senate District 2 Senate District 2 Steven Tulsky Hillarie Beyer Principal Executive Director Benemetrics Consulting Group McKinleyville Community Collaborative San Rafael, CA 94901 McKinleyville, CA 95519 Senate District 2 Senate District 2 Rose Gale-Zoellick Cooper Freeman Executive Director Development Director Breast and GYN Health Project Occidental Arts & Ecology Center Arcata, CA 95521 Occidental, CA 95465 Senate District 2 Senate District 2 Douglas Brown Jaqueline Dandeneau Board Chair Executive Director Buckelew Programs Playhouse Arts Novato, CA 94920 Arcata, CA 95521 Senate District 2 Senate District 2 Karen Oslund Megan Isadore Executive Director Executive Director, Co-founder Cancer Resource Centers of Mendocino County River Otter Ecology Project Fort Bragg, CA 95437 Forest Knolls, CA 94933 Senate District 2 Senate District 2 Support from California nonprofits for AB 2936 (Wicks) – Page 4 of 24 Linda Civitello Faune Towery Executive Director Medical Director Sebastopol Area Senior Center Napa Acupuncture Practice Sebastopol, CA 95472 Napa, CA 94558 Senate District 2 Senate District 3 Julie Mozena Laura Ghiron Nonprofit Consultant President Self Employed Partners in Expanding Health Quality and San Anselmo, CA 94960 Access Senate District 2 Davis, CA 95618 Senate District 3 Grant Werschkull Executive Director Robin Adams Smith River Alliance, Inc. Founder and Director Crescent City, CA 95531 Solano County Computer & Digital Skills Center Senate District 2 Fairfield, CA 94533 Senate District 3 Richard Dale Executive Director John Gurney Sonoma Ecology Center Executive Director Sonoma, CA 95431 Sonoma Community Center Senate District 2 Sonoma, CA 95476 Senate District 3 Ellie Cohen Chief Executive Officer Margaret Farman The Climate Center CEO Sebastopol, CA 95472 United Cerebral Palsy of the North Bay Senate District 2 Petaluma, CA 94954 Senate District 3 Libby Maynard Executive Director Jenny Ocon The Ink People Executive Director Eureka, CA 95501 UpValley Family Centers of Napa County Senate District 2 Calistoga, CA 94515 Senate District 3 Michele Grupe Executive Director Mike Browne Cope Family Center President & CEO Napa, CA 94559 Visit Vallejo CA Senate District 3 Vallejo, CA 94590 Senate District 3 Jody Lorns Executive Director Scott Blow Diablo Valley Foundation for the Aging Executive Director Pleasant Hill, CA 94523 California Vocations Senate District 3 Chico, CA 95926 Senate District 4 Dan Dorsett Co-Founder Thomas Tenorio Feet First Foundation Chief Executive Officer Martinez, CA 94553 Community Action Agency of Butte County, Inc. Senate District 3 Chico, CA 95973 Senate District 4 Support from California nonprofits for AB 2936 (Wicks) – Page 5 of 24 Susan Dobra Lange Luntao Board Member Executive Director Paradise Community Guilds Reinvent Stockton Foundation Magalia, CA 95954 Stockton, CA 95202 Senate District 4 Senate District 5 Danielle Downey Amy Portello-Nelson Executive Director Nonprofit Consultant Project Apis m. Substratum Systems Orland, CA 95963 Stockton, CA 95219 Senate District 4 Senate District 5 Raquel Mangone Merlyn Pittman Commander VFW Post 1487 Executive Director Roseville VFW Post 1487 The Chest of Hope Roseville, CA 95678 Tracy, CA 95376 Senate District 4 Senate District 5 Charles Kritzon Jasmine Leek Director Managing Director Willow Deer Education Third City Coalition Roseville, CA 95661 Stockton, CA 95202 Senate District 4 Senate District 5 Felicia Agibi Patrick Koepele President Executive Director Anima Christi Ministries Tuolumne River Trust Modesto, CA 95355 Modesto, CA 95354 Senate District 5 Senate District 5 Cindy Duenas Amanda Nelson Executive Director Executive Director Center for Human Services Albie Aware Breast Cancer Foundation Modesto, CA 95350 Sacramento, CA 95815 Senate District 5 Senate District 6 Esther Rosas Claire Curley Executive Director Executive Director Community Housing and Shelter Services of Broad Room Creative Collective Stanislaus County Sacramento, CA 95815 Modesto, CA 95353 Senate District 6 Senate District 5 Julie Baker Maria Thompkins Executive Director CEO Californians for the Arts Delta Humane Society SPCA of San Joaquin Sacramento, CA 95814 County Senate District 6 Stockton, CA 95215 Senate District 5 Judy Thomas, JD Chief Executive Officer Shelby Young Coalition for Compassionate Care of California Executive Director Sacramento, CA 95833 Lodi House Senate District 6 Lodi, CA 95240 Senate District 5 Support from California nonprofits for AB 2936 (Wicks) – Page 6 of 24 Jarnell Harper Dee Dee Robillard Director Community Projects Manager - Media, Grants, Hope Family Services and Development Sacramento, CA 95838 Contra Costa Crisis Center Senate District 6 Walnut Creek, CA 94598 Senate District 7 Kim Tucker Executive Director Neil McGovern Impact Foundry Executive Director Sacramento, CA 95833 GNOME Foundation Inc Senate District 6 Orinda, CA 94563 Senate District 7 Patrick Dunn Marketing and Communications Director Kate Trevelyan-Hall International Pemphigus & Pemphigoid Director of Grants and Stewardship Foundation Junior Achievement of Northern California Sacramento, CA 95833 Walnut Creek, CA 94597 Senate District 6 Senate District 7 David Heitstuman Pam Clemmons CEO Donor Relations/Fundraising Sacramento LGBT Community Center Lazarex Cancer Foundation Sacramento, CA 95811 Danville, CA 94526 Senate District 6 Senate District 7 Herman Barahona Heather Greaux Lead community organizer Executive Director United Latinos, Promoviendo Accion Civica Open Heart Kitchen Sacramento, CA 95821 Pleasanton, CA 94566 Senate District 6 Senate District 7 Anna Hasselblad Meena Tadimeti
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