TITLE
Recommendation to authorize City Manager, or designee, to execute an agreement, and any subsequent amendments, with the Long Beach Community Foundation, a California nonprofit corporation, to establish and administer a Fund for the Public’s Health. (Citywide)
DISCUSSION
The Long Beach Department of Health and Human Services (Health Department) was notified that Long Beach Cares, the Health Department’s 501(c)(3) nonprofit organization, will stop operating on June 30, 2018. In response, the Health Department has identified the Long Beach Community Foundation (LBCF), to replace Long Beach Cares as the Health Department’s nonprofit organization.
The LBCF has been administering charitable funds and fostering philanthropy to benefit the City of Long Beach (City), local nonprofits, and educational institutions for more than 20 years. Their 150 charitable funds, totaling $35 million, have created and sustained critical services offered by hundreds of Long Beach organizations, including the Long Beach Library Foundation, YMCA of Greater Long Beach, Long Beach Day Nursery, Long Beach City College, and California State University Long Beach. The LBCF has agreed to work with the Health Department to establish and administer the “Fund for the Public’s Health (Fund)” to provide necessary assistance to Long Beach residents for issues related to public health.
The LBCF will create and administer the Fund on a year-round basis providing residents, businesses, foundations and other funding sources the opportunity to make donations by cash, check or credit card. The LBCF will provide donors and funders with a receipt for their tax-deductible contributions. In addition, the LBCF will carefully select and manage investment options, which is anticipated to result in additional revenue to the Fund.
Long Beach Cares will provide the initial investment to initiate the Fund, which will become part of the pool of funds eligible for disbursement. The LBCF will be respons...
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