San Francisco Foundation Announces $34 Million Investment in Oakland

The San Francisco Foundation has announced a $34 million investment in an effort to create pathways of opportunity for residents of Oakland.

Funded by an anonymous donor, the funds will be used to scale local solutions aimed at closing achievement gaps, providing affordable housing, creating cradle-to-career pathways of opportunity, increasing the number of middle-wage jobs, and removing barriers to healthcare access across the city. TSFF will partner with the Oakland Unified School District, the Alameda County Public Health Department, the Oakland mayor's office, and local nonprofit organizations to create opportunities for residents who face the greatest barriers to employment, including those who were formerly incarcerated, undocumented immigrants, low-income entrepreneurs, and women and people of color who are underrepresented in the tech sector. The investment is expected to create twenty-five hundred jobs and provide more than seven hundred units of affordable housing.

Grant recipients include the Center for Employment Opportunities, which was awarded $1.5 million in support of its reentry employment services; Destiny Arts Center, which will receive $1.3 million to eliminate its debt, expand its work with incarcerated youth at the Alameda Juvenile Justice Center, and increase the participation of LGBTQ youth in its "Moving the Movement" program; and Kiva Oakland, which will receive $500,000 to fund at least four hundred financially excluded entrepreneurs over the next two years. A $4 million investment in Oakland Codes, a collaboration among seven Oakland-based organizations — Black Girls Code, the David Glover Center, Hack the Hood, the Hidden Genius Project, Qeyno Labs, #YesWeCode, and the Youth Impact Hub — to be housed at TSFF, will support efforts to ensure that the city's diversity is reflected in its rapidly growing hub of high-tech employers.

"By investing in jobs, housing, education, and health care, this holistic approach will create pathways of opportunity in the Oakland neighborhoods that need it most," said San Francisco Foundation CEO Fred Blackwell, an Oakland native who briefly served as city administrator before leaving to head the foundation. "We are proud to work hand-in-hand with our donor who is deeply committed to the children and families of Oakland and wants to ensure that all of Oakland is a place of opportunity."

"The San Francisco Foundation Makes $34 Million Investment in Oakland." San Francisco Foundation Press Release 07/14/2015.