$8.4M in expenses

The James B. McClatchy Foundation's Board has regularly assessed California's Central Valley's landscape and needs over the decadesto determine how best to help its communities. In 2016, it recognized that the needs of the Central Valley's unique populationswere only increasingto the point that a much greater long-term investment would be needed than what the Foundationcould supply.The Board developed a spend down strategy (the Sunrise Plan) geared toward building a strong, self-sustaining infrastructurethat would generate and support new and current initiatives. The strategys planning accelerated in 2019 and has now developedinto a blueprint for the future. The timeline for this strategy is to spend down JBMFs resources to build the foundation for thisinfrastructure by 2030.The Sunrise Plan is an opportunity for stakeholders and investors to create lasting change far beyond what the Foundation hasthe resources to do. While these initiatives and their results will take shape after the Foundation sunsets in 2030, we are excitedto execute our final stepswalking in harmony with our partners with both rigor and passion to ensure the stage is set for a sunrise of change and sustainability