Covid19 Other Philanthropy | August 25, 2020

Advisor Community Partners with CCF to Promote Recovery and Systemic Change

by William Strickland, J.D., C.S.P.G.

The global novel coronavirus (COVID-19) outbreak and the resulting social distancing restrictions imposed upon Los Angeles communities have been heartbreaking and disruptive for many Angelenos.  The devastating health and financial impact on the region’s most vulnerable residents will persist for the foreseeable future.  To address the immediate and emerging needs of those communities – from hardship relief to long-term recovery – the California Community Foundation (CCF) launched its COVID-19 LA County Response Fund.

Not surprisingly, many members of the professional advisor community also contributed to the effectiveness and success of the region’s pandemic response efforts by contributing directly to CCF’s COVID -19 LA County Response Fund, making direct grants on their own or by partnering with their firms’ foundations.

Some inspirational examples of advisor/corporate COVID-19-related responses include contributions to CCF’s COVID-19 LA County Response Fund from: First Republic, a national bank; Oaktree Capital Management, a leading global investment firm; and the Venable Foundation, the nonprofit arm of the national law firm, Venable LLP.

CCF is particularly proud to have served as a resource for the advisor community, identifying and recommending to clients the community partner nonprofits with whom CCF works as part of our Pass It Along Fund. Our Pass It Along Fund partners have “boots on the ground” in impacted areas, and their staff are addressing the immediate and emerging COVID-19 related needs of the local communities.  For example, the Armanino Foundation, the nonprofit arm of the national accounting firm, Armanino LLP, recently supported a local healthcare organization after one Armanino’s partners requested grant recommendations from CCF.

In addition to addressing COVID-19 pandemic matters, CCF and local advisors also acknowledge the trauma and social unrest resulting from the recent police and vigilante killings of Breonna Taylor, Ahmaud Arbery and George Floyd.  Already, our local advisor partners have begun to seek CCF’s guidance regarding potential solutions to this racial justice crisis.

CCF welcomes the opportunity to partner with professional advisors and their clients to bring about social justice and the systemic changes that will make Los Angeles an example of inclusion and dignity.  In that capacity, CCF looks forward to sharing its Resource Guide: Social Justice and Systemic Change.  The guide recommends tangible actions advisors and their clients can take to learn about and advocate for social justice and policy changes.  Moreover, this resource provides a list of local and national nonprofit organizations and coalitions that are leading the charge for change.

Although CCF values its leadership role in addressing the needs of Los Angeles’ vulnerable communities, we recognize that we would not be able to achieve our goals without the generous support of our donors and the advisor community.  We are truly thankful for that partnership.

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