Gilroy Foundation awards grants, hosting mixer
Gilroy Foundation awarded $474,629 to nonprofit organizations and schools during its 2022 Annual Giving Program.
A total of 24 Competitive Grants were funded for a distribution of $92,113. Gilroy Foundation received requests for funding in the amount of $118,356. Additionally, organizations received funding of $221,860 from Designated Funds and $160,656 from Donor Advised Funds.
In 2022, the foundation offered 80 scholarship awards totaling $512,750.
Since 1980, Gilroy Foundation has awarded more than $16.3 million in grants and scholarships to date.
“Foundation grants and scholarships have made a positive and powerful difference in every sphere of life in the community,” Executive Director Donna Pray said.
Because the Annual Meeting and Charitable Giving Presentation was once again a virtual announcement, award checks are being mailed to all the grant recipients.
A list of the grant recipients can be found at gilroyfoundation.org/receive/grants/grant-recipients.
Gilroy Foundation will host a “Give Where You Live” Faire on May 19 from 5:30-7:30pm at the Lodge on the Hill, 2765 Hecker Pass Road. This mixer will focus on the challenges and accomplishments of the past three years since the first event was held in 2019.
A panel of community members will be speaking on how they have positively interacted with the foundation during this time and information tables, staffed by Gilroy Foundation directors, will be a highlight of the evening.
For information and an invitation to attend, email [email protected].
Colliers facilitates sale of Gilroy industrial building
Commercial real estate services firm Colliers recently facilitated the sale of Crothall Industrial, a 102,466 square-foot industrial property comprised of two manufacturing buildings at 8190 Murray Ave. in Gilroy.
The building was fully leased at the time of the sale to Crothall Laundry Services, a commercial laundry service serving healthcare facilities throughout the San Francisco Bay Area, with 10 years remaining on the lease term.
The sale was finalized on March 25 for $19,156,000.
Colliers’ Kevin Moul, Bob Gilley, Brad Idleman and Andy Zighelboim represented the seller, Mohr Capital, in negotiations with buyer Four Springs Capital Trust.
“This transaction is a true win-win for Mohr Capital and Four Springs Trust. Early in their ownership of the building, Mohr Capital took advantage of a strong renewal probability from their seemingly entrenched tenant, Crothall Laundry Services,” Moul said. “Mohr Capital was able to negotiate a long-term extension with the tenant and leverage it against strong buyer demand for stabilized assets. On the other side of the transaction, Four Springs Capital Trust acquired a fully-leased cash-flowing industrial asset to add to their growing portfolio of single-tenant, net leased properties.”
The 4.61-acre property was built in 1991 and features 10 loading docks, 28- to 30-foot clear heights and an overall facility production capacity of 26 million pounds.
Second round opens for microbusiness grants
The County of Santa Clara and the Enterprise Foundation have begun accepting applications for a second round of Microbusiness Grants.
Applications for the first 500 grants opened on March 17 on a first-come, first-served basis and more than 1,000 applications are being processed.
Applications for an additional 375 grants will be accepted through May 9 and will be awarded by a ranked lottery. Priority will be given to veteran-owned, women-owned and minority-owned businesses, as well as small businesses located in underserved areas of Santa Clara County. Businesses that have already applied but were not awarded a grant, will automatically be entered into the lottery, and do not need to reapply.
“We’re very pleased that some microbusinesses are already receiving funds from the first phase of the grant process,” said County of Santa Clara Chief Operating Officer Miguel Márquez. “Microbusinesses in our community have been hit hard by the pandemic and it’s essential that they get this money as quickly as possible to help them survive. During the second phase, the County and our partners at the Enterprise Foundation will ensure the application process continues to be open and accessible to all eligible microbusinesses in Santa Clara County.”
To qualify for one of the $2,500 grants, a business must have been open in 2019, have been negatively impacted by Covid-19, made less than $50,000 in total revenue in 2019, and have less than five employees. The applicant’s business must still be operating or plan to reopen in 2022.The application can be found at accesssbdc.org/mbcrg.
