Dear Friends of the Foundation,
We wanted you to be among the first to know that, by this time next year, the Foundation will open a new 4,000 square foot nonprofit support and community center. Because of the addition in recent years of a thriving nonprofit training center and library at the Foundation, we no longer fit comfortably in the beautiful (1) Vietor home. The Foundation now receives between 3,000 and 4,000 visitors each year. If you've visited lately, you may have noticed parking has become a real problem, there are often visitors everywhere and staff is elbow to elbow.(2)
We are able to afford this building because of the rapid appreciation over the past 26 years of the Vietor Trust, created both for grant making and for supporting the Foundation's operations. (7) In accordance with principles that are important to us, we will not fundraise locally to build this facility; we will not increase fees to Foundation funds; and we will not reduce our grantmaking. (8)
Please feel free to call if you have any questions or concerns about this new building. (9) So far, we've had an overwhelmingly positive response. We look forward with enthusiasm to this expanded opportunity to serve the public.
Perrott watchdog comments on Pennekamp's duplicitous 'press release'
(1) Pennekamp mentions the `beautiful' Vietor house. It was beautiful through 1995 when he and HAF ignored their fiduciary responsibility to do otherwise, and devastated the residence and the John Yeon landscaping for their parking lot and to cram 10 to 15 employees into converting the house into a warehouse like `bull pen' office irreparably devastating its architectural beauty.
(2) HAF brags about all the visitors, to disrupt what should be a quite `nature preserve'. HAF should have moved all these activities off site in 1995, rather than in 1999 wanting to destroy a further 10 % of the public's Lynn Vietor Nature Preserve for HAF's `empire building' traffic attracting activities breaching Vera's will.
(3) Pennekamp calls it the HAF property. It is the public's Lynn Vietor Nature Preserve. HAF are only the trustees, with the solemn fiduciary responsibility to guard it for the public, `native and unspoiled', rather than destroy it. See 'Who Owns The Property'.
(4) It is duplicitous for Pennekamp to report to the public that the `project' is consistent with the intent of Vera's will, when the `project' breaches Vera's will on two counts. It 1) destroys the public's Lynn Vietor Nature Preserve which HAF have a fiduciary responsibility to protect, and 2) HAF invades outlawed San Francisco Trust principal to accomplish the travesty.
(5) It is again duplicitous for Pennekamp to insinuate that HAF as the trustee of the public's Lynn Vietor Nature Preserve can destroy it while egregiously claiming not to destroy it.
(6) Pennekamp is proud of his 'plenty of parking', destroying 10 % of the public's Nature Preserve which HAF has fiduciary responsibility to protect 'native and unspoiled' as the Lynn Vietor Nature Preserve. HAF is breaching Vera's will.
(7)Pennekamp claims HAF can afford the building. Only by breaching Vera's will with invasion of San Francisco Trust Principal for 100% of the building cost, some $1.3 million.
(8) How can HAF guarantee not reducing grant making, when invasion of principal means less income, and that less income will go to HAF's `empire building' first, then only if there is something left, will there be money for grants, maybe none, probably less.
(9) As to voicing concerns about the 'building', when the Perrotts became aware and called Pennekamp and pointed out that the project breaches Vera's will, he got nasty and said `talk to HAF's lawyer' and arrogantly hung up (caught 'red faced' and 'red handed'?)
In general, Pennekamp's letter reeks with chicanery and duplicity. It
clearly and unequivocally breaches Vera's will while Pennekamp, her trustee,
egregiously claims otherwise.