Rice out as chief of Tri-Valley Community Foundation Around Town, posted by Editor, Pleasanton Weekly Online, on May 1, 2012 at 9:28 pm
David Rice, the longtime president and director of the multi-million-dollar-funded Tri-Valley Community Foundation, was fired Monday after an independent audit found discrepancies in the organization's finances and reserves.
Read the full story here Web Link posted Tuesday, May 1, 2012, 2:33 PM
Posted by Bill, a resident of the Amberwood/Wood Meadows neighborhood, on May 2, 2012 at 12:47 pm
Misguided cheap shots? Ron Hyde was removed from the bench! Same as a lawyer being disbarred or a medical doctor losing their license to practice. Ron Hyde can never hear a case again because he was found to be without integrity.
And he is in charge of an organization that receives financial contributions?
What's next, asking Mary Hayashi to be co-chairman?
Posted by PW Reader's Husband, a resident of the Birdland neighborhood, on May 2, 2012 at 4:57 pm
The post and article are about David Rice and TVCF, which in spite of its problems, is trying to help the community. It's no wonder there are organizational and operational problems in P-town when 7 of 11 comments here are off-topic. Focus people, volunteer, get involved, and help things get better.
Posted by Long Time Resident, a resident of the Downtown neighborhood, on May 2, 2012 at 5:12 pm
David Rice is a great guy. I have trouble believing he would do anything unethical, and am fairly certain this must be based on a technicality. I am sure whatever went wrong, his heart was in the right place.
Posted by Tri-Valley Resident, a resident of Livermore, on May 2, 2012 at 5:37 pm
Why do people insist on making comments based purely on speculation that has no factual basis? Is is important to recognize that that the mission of the foundation does not become less important because of any purported improprieties. The issue, as it is with many businesses and non-profits, is the competence of leadership!
Posted by Mike, a resident of the Highland Oaks neighborhood, on May 2, 2012 at 7:21 pm
Indeed, and replacing an individual who has been fired "after an independent audit found discrepancies in the organization's finances and reserves" with an individual who was dismissed from the bench for his "persistence in violating the standards of judicial conduct" would certainly indicate very serious leadership issues.
(This links the PW article about the judge) Web Link
Posted by Board Member, a resident of the Another Pleasanton neighborhood neighborhood, on May 2, 2012 at 8:27 pm
Press Release from Tri-Valley Community Foundation dated May 1, 2012:
In an effort to maintain fiscal confidence in a community foundation long considered an integral part of the Tri-Valley non-profit community, the Board of the Tri-Valley Community Foundation acted last week to reorganize the Foundation and provide a thorough review of the Foundationís many programs and associated expenses.
As many in the Tri-Valley community are aware, the work of the Foundation has grown in the past three years. It has evolved from being a purely philanthropic 501C3 vehicle to an operational organization running various programs in the Tri-Valley of Alameda County. Today there is currently a shortage of nonprofits to conduct programs that Alameda County deems vital to its residents. In recent years, the Tri-Valley Community Foundation has acted aggressively to meet this growing challenge; however, it was determined from the Foundationís annual audit that as the work of the Foundation has grown more operational, the fund raising required to maintain the level of program support provided by the Foundation was not sufficient to meet the Foundationís growing financial obligations.
Immediately upon receiving the results of the independent audit, the Board of the Foundation acted quickly on a number of fronts to address the issues at hand. First, the Board elected Board Chairman, the Honorable Judge Ronald Hyde (ret), as President of the Foundation. Judge Hyde has replaced David Rice as Foundation President. Second, a more detailed analysis has been conducted by the Board and its independent auditor of the Foundationís current expenses and obligations. The Board has begun actively looking for opportunities to reduce administrative costs in delivering its services while insuring that the proper fees associated with providing the Foundationís myriad services and programs are being administered and collected. Third, all current programs are being evaluated and decisions are being made as to their future viability and value to the Tri-Valley. Finally, a strategic plan is being developed with a noted community foundation consultant, Peter Hero & Associates. As President of Community Foundation Silicon Valley, Mr. Hero led that foundation from a $6 million to a $1 Billion organization. Possible strategic options are being considered to insure the best possible outcome for the Tri-Valley Community Foundation, its employees, current and future donor base and program and funding beneficiaries.
ďWhile we are sorry that our recent actions may curtail or delay some of the funding and programs currently being provided through the Tri-Valley Community Foundation, the Board believed it was in the best interest of the Organization, its employees and constituent program recipients that a thorough review of the Foundation be conducted at the present timeĒ, said Judge Hyde at a meeting of the Board last week. ďFor almost twenty years, The Tri-Valley Community Foundation has been a mainstay of economic and community support to a growing population of at-risk youth, residents with mental health issues, a growing population requiring food and health services and other programs that insure the education, health and well- being of many in our community less fortunate and in need of our support,Ē
Posted by KJ, a member of the Mohr Elementary School community, on May 3, 2012 at 2:41 pm
It is about time! Many people have complained to the board about David Rice. A thorough audit needs to be done to verify all donations given by Sandia and Lawrence Livermore Labs employees have been distributed to the charities they were designated for.
Posted by Virginia, a resident of the Canyon Creek neighborhood, on May 6, 2012 at 3:32 pm
The Pleasanton weekly posted this story on February 24, 2012.
The Tri-Valley Community Foundation has just wrapped up its best year ever, raising $3 million to support the 150 nonprofits that rely on its funds to serve the 350,000 people who live in the Valley.
How could we trust this story?
As a public charity did anyone ask for a Financial Statement to verify? Of course not! How could everyone be so blind? Itís clear that we all want to believe in the good that this foundation has done, it may have! But the unfortunate issue is that most of the good was afforded from Funds that did not belong to this Foundation to do as it pleased, letís not forget that! Yes, it is a non-profit organization to support the community in its needs, but not with funds that were restricted or directed for specific projects.
The Board Member that has written above really needs to take a long hard look at how much he/she really had committed to this organization. At the end of the day everyone involved even other employees have to live with the errors of their ways.
Posted by Virginia, a resident of the Canyon Creek neighborhood, on May 7, 2012 at 11:32 pm
Posted by Virginia, a resident of the Canyon Creek neighborhood, 12 minutes ago
The more I look into this Foundations actions, I find myself with a great amount of questions, one of which is, what has really been going on with the relationship of Tri-Valley Community and Hacienda Heping Hands? I find no infornation with the promised Grants from Hacienda Helping Hand and Tri-Valley and what funds have been collected for these Grants. So far a lot of smoke and screens. I have to date been unable to get a financial statement as allowed under the 501c3 disclosure of a public non-profit under the IRS regulations.
Well I guess this issue will be also brushed under the rug, or if we ignore it long enough it will go away.
How many deserving Non-profits in the community have gone with out due to the miss direction of funds.
Doesn't anyone care anymore? Then why give, oh I forget to feel guiltless. Have we really become a squid community.
Posted by disapointed, a member of the Amador Valley High School community, on May 8, 2012 at 9:01 am
The Pleasanton Weekly's should have egg on their face about this situation, and their fluffy February 24 story about TVCF's banner year is only one facet. † The Weekly has partnered with TVCF for years with their Holiday Fund and has written many long and glowing articles about TVCF's great accomplishments (many of which don't seem to be visible except in Pleasanton Weekly articles). †Sure the Weekly had good itentions to encourage philanthropy, but the newspaper also benefited from the publicity they were generating, and the Weekly was even awarded TVCF's "Community Champion" award in December 2012, which they faithfully reported with a proud smile to all their loyal readers. †
I hope this situation will be a wake up call to the Weekly to do their job as journalists and report the truth (or at least perform a bare minimum of fact checking). †Admittedly, TVCF hasn't ever released financial statements to the public, but they do file a tax return that can be found on internet charity sites. †The latest available filing dated 6/30/10 (almost two years ago) shows TVCF with a fund balance of negative $172,000 (deficit) caused by $994,000 of cash outflows over the prior 24 months. †God knows what transpired since then (supposedly their best year ever), but I hope someday the full story will come out. †If the Pleasanton Weekly can muster the courage, they are best suited to publishing a full account of the promises that were broken and the funds that will never reach their intended charitable destinations.†
Posted by Alfonso, a resident of another community, on May 8, 2012 at 11:54 am
Since Virginia mentioned that she had some proof of wrong doings, and it is apparent from the information she has been sharing, the tone of her letter, and her grammar, that she is a certain former employee, she should be careful not to incriminate herself. Just a word of advice!
Posted by Bodhisattva?, a resident of the Another Pleasanton neighborhood neighborhood, on May 31, 2012 at 12:53 am
The 990s for this supposed "tri-valley" non-profit supposedly serving the "tri-valley" shows many donations that are out of state/out of town and a few that are truly off the wall. How does this make any sense in light of its supposed 5 funding priorities listed here --- Web Link
What in the heck is it donating to the Boulder CO Buddhist Coalition fo Bodhisattva Activity? That website says "Our vision is to provide compassionate support for individuals in need within the Boulder County community. The Buddhist Coalition for Bodhisattva Activity aspires to unite the diverse local Buddhist organizations with the inspiration of the Bodhisattva ideal. We hope to inspire many Buddhist groups as act as a coalition and become a recognized presence in Boulder County." Didn't realize Boulder County CO was part of the tri-valley.
And does this have anything to do with Boulder Creek Foundation LLC with Mei-chun Lin as the head in Pleasanton.... Web Link ?
And what are these Oakland networks for transplants and police emergencies it is donating to? When did Oakland become part of the tri-valley? Same for donations to UC Berkeley and UC Davis and various Tracy ministries and shelters? When did Berkeley and Davis and Tracy become part of the tri-valley?
And why is it donating to the Chamber of Commerce? I thought it was supposed to serve "vital human needs in our region and support educational and cultural projects that enrich community life." And what does that have to do with the Chamber of Commerce?
Posted by disapointed, a member of the Amador Valley High School community, on Jun 3, 2012 at 10:16 am
Thanks for the article, Glenn. Keep digging: I'm sure there's more that needs to be told. If you ask them, TVCF should be willing to give you a copy of their audited financial statements - their 6/30/10 tax returns said that they'll do this for you "upon request". Also, more current info must be available somewhere. If TVCF wants to earn the public's trust, they need to clarify their past deeds.