Subject: Re: Urgent -- we have an ask from Wyss for a proposal
From: Carmel Martin <[email-masked]>
To: "Heather Boushey" <[email-masked]>
Cc: John Podesta <[email-masked]>, "Eryn Sepp (EG)" <[email-masked]>, Ed Paisley <[email-masked]>
Date: Wed, 5 Aug 2015 20:19:43 +0000

I am out of town but will send Alex, Torey and Brian an email to let them know this is coming.

I flagged for Neera. I think she will be fine with it as long as john is fine with it.

Carmel Martin
[email-masked]<mailto:[email-masked]>

On Aug 5, 2015, at 3:19 PM, Heather Boushey <[email-masked]<mailto:[email-masked]>> 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

[email-masked]<mailto:[email-masked]>
www.Equitablegrowth.org<http://www.equitablegrowth.org/>
Desk: (202) 545-3341
Twitter: @hboushey

From: Heather Boushey
Date: Wednesday, August 5, 2015 at 12:39 PM
To: Carmel Martin
Cc: John Podesta, Eryn Sepp, Ed Paisley
Subject: Urgent -- we have an ask from Wyss for a proposal

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

[email-masked]<mailto:[email-masked]>
www.Equitablegrowth.org<http://www.equitablegrowth.org/>
Desk: (202) 545-3341
Twitter: @hboushey