The San Mateo County Board of Supervisors Tuesday voted 5-0 to donate $3 million in seed funding to a new fund that aims to assist local individuals, families, small businesses and nonprofits impacted by the COVID-19 lockdown.
The San Mateo County Strong Fund is a partnership involving the County, San Mateo County Economic Development Association and Silicon Valley Community Foundation to build upon the $3 million investment with potentially sizeable community donations from large companies, philanthropic foundations, other entities and individuals.
The donations are 100 percent tax deductible and will be spent solely in San Mateo County to address immediate needs for the following groups: individuals and families, local small business, and nonprofit organizations assisting the most vulnerable residents.
“We know that many of our neighbors are being hit hard financially by layoffs, cutbacks in hours and shutdowns,” said Warren Slocum, president of the Board of Supervisors. “We ask that anyone who has the means to help today make a donation right away. We are all in this together and we are San Mateo County Strong.”
Photo credit: County of San Mateo