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A 2nd life for the TriValley Community Foundation? We hope so

Original post made on Sep 3, 2012

As auditors continue to assess the financial shortages at the Tri-Valley Community Foundation, about the best news coming out of the investigation is that no one seems to have absconded with any money. That's not always been the case for Pleasanton nonprofits. The Tri-Valley Visitors & Convention Bureau lost thousands of dollars in receipts in the 1990s when its executive director was found to be using CVB-authorized credit cards for personal travel, merchandise, even beauty shop appointments. She was arrested, fired from her post and a new board of directors was put in place to do a better job of watching expenses. Today, under the direction of Grant Raeside, the CVB is a fiscally-responsible, nationally-recognized agency that is successfully attracting thousands of visitors each year to the Tri-Valley.

Read the full story here Web Link posted Friday, June 8, 2012, 12:00 AM

Comments (5)

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Posted by william
a resident of another community
on Sep 3, 2012 at 1:51 pm

TVC does not face similar problems as CVB, which hired an embezzler, or Valley Community Health Center, overspending in delivery of health care.
TVC's board is ultimately responsible for the financial health of TVC and has been during David Rice's time there. The board should be swapped out. David Rice is a man with integrity, intention, and compassion. David Rice didn't embezzle, so your comparison is odious. Nor did he provide medical care ahead of adequate reimbursement, as in your other example. The only point this article articulates is the board and "even Hyde" who are responsible for the inaccuracy, are still in their positions of responsibility. David Rice is gone but my money in TVC is going to follow him.

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Posted by Concerned Citizen
a resident of Dublin
on Sep 4, 2012 at 10:30 am

William, you are mistaken. The CEO of a Community Foundation leaves an organization 3 million dollars in debt and he does not bear any responsibility. It is the boards responsibility to hold the CEO accountable and the CEO's responsibility to manage the organization. Neither of the two did their job!

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Posted by william
a resident of another community
on Sep 6, 2012 at 11:01 am

So neither did their job. Now nobody answers the phone. The expertise and knowledge have left with the CEO and staff. Where is the money and who can account for it?

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Posted by Why
a resident of another community
on Sep 13, 2012 at 1:49 pm

Keep your eyes open, there is clearly another Foundation being formed. The same Board! I guess they are expecting a different result with the same people, WOW!!!!

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Posted by Concerned Citizen
a resident of Dublin
on Sep 13, 2012 at 2:28 pm

Indeed. Questions that I believe will not be answered till someone puts pressure on the board to answer them. They hired a crisis management PR firm so obviously they are concerned about information that would be divilged if there was a thourough inquiry.

Given how things are swept under the rug in this community we may never know.

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