Re: Urgent -- we have an ask from Wyss for a proposal

From:HBoushey@equitablegrowth.org To: john.podesta@gmail.com Date: 2015-08-05 17:32 Subject: Re: Urgent -- we have an ask from Wyss for a proposal

Thank you! Sorry for the rush — I had no idea Wyss would want us to move in less than a week. Best, Heather ^^^^^^^^^^^^^^^^^^^^^^ Heather Boushey Executive Director and Chief Economist Washington Center for Equitable Growth 1333 H Street, NW, 2nd Floor Washington, DC 20005 hboushey@equitablegrowth.org<mailto:hboushey@equitablegrowth.org> www.Equitablegrowth.org<http://www.equitablegrowth.org/> Desk: (202) 545-3341 Twitter: @hboushey I discussed overall financial picture with Herb and Steve. Following up tomorrow. Will get back on broader picture, but don't see any red flags that would hold up Wyss proposal. On Wednesday, August 5, 2015, Heather Boushey <HBoushey@equitablegrowth.org<mailto:HBoushey@equitablegrowth.org>> wrote: Hello Carmel and John, One clarification that I didn’t get quite right below: the budget is for 2016, so this is the one that the Sandlers have approved. The CAP board only approved our 2015 budget. Therefore, the new hires we have planned will not match what CAP finance has. Perhaps this is more for John, then, that the budget is derived from what the Sandlers and he have seen. Please do let me know whether we will be able to do this grant application and meet the Wyss timetable. Best, Heather ^^^^^^^^^^^^^^^^^^^^^^ Heather Boushey Executive Director and Chief Economist Washington Center for Equitable Growth 1333 H Street, NW, 2nd Floor Washington, DC 20005 hboushey@equitablegrowth.org<javascript:_e(%7B%7D,'cvml','hboushey@equitablegrowth.org');> www.Equitablegrowth.org<http://www.equitablegrowth.org/> Desk: (202) 545-3341 Twitter: @hboushey Hello Carmel, Last night, Matt Hollamby from the Wyss Foundation said they wanted a $500k grant proposal from Equitable Growth and it’s due Monday. I did not have advance notice on this — he and I had been trying to find a time to talk for over a month — but there was no sense of urgency on his part or notice. Had I expected this outcome, we would have given CAP notice and done some advance work. As is, my team will be here over the weekend to make this happen. As you know, we’ve applied for our 501(c)3 status and now we are expediting that process. Wyss would like to fund us in our new status if it comes through by November�. However, we need to apply from CAP’s tax status and I realize you then have responsibility until we are independent. Our contract budget person, Debbie Feinberg, is putting the proposal budget together, based entirely using the budget that the CAP board approved in July. Can we discuss how to expedite CAP approvals from Legal, Finance, and Neera so we can make this happen? Best, Heather ^^^^^^^^^^^^^^^^^^^^^^ Heather Boushey Executive Director and Chief Economist Washington Center for Equitable Growth 1333 H Street, NW, 2nd Floor Washington, DC 20005 hboushey@equitablegrowth.org<javascript:_e(%7B%7D,'cvml','hboushey@equitablegrowth.org');> www.Equitablegrowth.org<http://www.equitablegrowth.org/> Desk: (202) 545-3341 Twitter: @hboushey