Just read their application !
"Charitable Contributions – Blüm SL will set aside a minimum of three percent (3%) of total revenues to be dispersed to local charities within the San Leandro community. Initially Blüm SL anticipates charitable contributions of $78,000, increasing to $219,000 a year, by year three of operations."
"Interest: Terra Tech Corp has agreed to lend Blum SL up to $4,000,000 for all startup expenses, including but not limited to building development, product acquisition and staffing. Any money lent to Blum San Leandro by Terra Tech Corp, if any, will be charged at an annual rate of 5% on the principal."
Blüm SL will self-impose a five percent (5.0%) gross receipts fee that it will provide to the City’s general fund. If and when the City of San Leandro adopts a relevant local medical cannabis tax, Blüm SL will comply with the adopted tax rate. However until such tax is imposed, Blüm SL commits to contributing to the City’s general fund at the rate of 5%.
Blüm SL looks forward to leveraging its not-for-profit status by helping fund local grassroots organizations whose work most closely aligns with our vision for the community. Blüm SL has identified seven program areas it plans to fund via grants in its first five years of operations. Each individual award will not exceed $25,000 so that Blüm SL may impact as many program areas as possible. Blüm SL anticipates that grant amounts will increase in the second and subsequent years as we build long-term, sustainable partnerships with grantees. Blüm SL believes that the City of San Leandro will experience an appreciable reduction in crime and also a reduction in enforcement costs directly attributable to these philanthropic programs. Our commitment to San Leandro is so strong that we will be creating two new pilot programs, as described below designed to make a real impact in the community. Our areas of interest include:
Blüm SL intends to disperse funds to at least one organization from each of the following categories: ! Revitalizing San Leandro ! Community Food Systems ! Domestic Violence Prevention ! Re-entry Job Training ! Youth Development ! Foreclosure Prevention/ Homelessness ! Cannabis-friendly Anti-Drug Abuse Education and Patient Advocacy Groups ! San Leandro Commission funding/grant programs ! Barbara Lee Center for Health & Wellness
Measuring Progress toward Impact Every three to five years, Blüm SL will review its overall philanthropic strategy and program and the extent to which key goals were accomplished. This process is more in-depth and thorough than the yearly progress assessments. Such review will include `the following steps. Blüm SL will contact and communicate with the people we intend to serve - our ultimate beneficiaries - to make sure that Blüm SL‘s investments are meeting their needs. Based on these reviews, Blüm SL will consider adjusting and re-evaluating its funding and strategies as needed. Entities awarded Grants through Blüm Oakland include:
AIDS Project of the East Bay AIDS Walk SF American Cancer Society American Heart Association Americans for Safe Access Art and Soul Art Deco Society Art Murmur
Assumption Catholic School (San Leandro) Boy Scouts of America (Peralta District) Boys and Girls Club of America Building Futures CA NORML Chabot Space and Science Center Children’s Fairyland Crucible
Cypress Mandela Training Center Dig Deep Farms Dream Catcher East Oakland Boxing Association Friends of Oakland Fox Theatre Friends of Oakland Parks & Recreation
Friends of the San Leandro Creek Leadership Programs Lighthouse Charter School Marijuana Policy Project Mayor’s Toy drive Meet Uptown Oakland Oakland Mural Projects Oakland Ballet Oakland Firefighters random acts Oakland Pride Oakland School for the Arts Parents 4 Pot Cherry Festival San Leandro Boys and Girls Club SL Education Foundation St. Vincent De Paul Umbrella Drive/ Liv Life’s Funerals and financial support for grieving locals Wardrobe for Opportunity Piedmont school district Wheelchair foundation
AI
