Dear Friends and Families,
This past year has provided our communities numerous challenges—record housing foreclosures, job lay-offs in the hundreds of thousands, and of course a spiraling stock market. Our country has not seen times like these since the Great Depression. Now more than ever, individuals are turning to the non-profit community in record numbers, seeking assistance to weather this troubled time. Unfortunately, we are facing dwindling support from the corporate community. I find it ironic that in a greater time of need, resources are slowly becoming unavailable for these individuals.
After opening our doors in 2008, we, at The Victoria Foundation, are prepared to address the ills that are plaguing our community. Of course, we realize that we may face numerous obstacles, but we cannot lose sight of our mission, of building communities through neighborhood action and involvement.
To start the year, we developed a three year strategic plan for The Victoria Foundation. The first year of the plan addressed the items necessary to start a foundation. This included the incorporation of the foundation, creation of a board of directors, and of course the identification of a funding network.
As part of year two activities, we have identified a number of goals for The Victoria Foundation. Some of these include:
- Embark on new and far reaching initiatives in scholarships, foreign exchange projects in areas of interest that include the United Kingdom, Mexico, Puerto Rico, and Lebanon.
- Continue administration of the three Chicanos Por La Causa (CPLC) scholarship programs
- Set financial goals of $300,000 in administrative support, donor advised funds of $150,000, special event net revenue of $50,000 and corpus grants of $50,000.
- Oversee the distribution of $60,000 in small grants.
- Create an elementary scholarship program in South Central Phoenix schools.
- Provide donor support to Latino arts in the amount of $25,000.
- Become a United Way donor advised agency.
- Continue research into varied forms of excess revenue generation.
As we mark the arrival of 2009, we do so with a sense of optimism and hope. I would like to thank our partners who have recognized the need in the community. And to those who have not, head the call and lend a hand.
Pete C. Garcia