2019
Annual
Report
PETER E. HAAS JR.
Board President
JENNY CALVERT RODRIGUEZ
Executive Director
JOHN BOOKER
Philanthropy Lead
OUR MISSION
The Red Tab Foundation
is a public, nonprofit foundation that assists LS&Co. employees, retirees and their families who face problems caused by unexpected financial emergencies. RTF provides financial assistance, education and preventative programs to help these individuals in their own efforts to maintain their financial, physical and emotional health.
Friends and colleagues,
Given the current impacts of the COVID-19 pandemic, last year can feel like many lifetimes ago. Most of us now know at least one person whose health or job has been affected and is threatened by losing access to food, shelter or healthcare.
This includes many LS&Co. employees and retirees who have or are turning to the
Red Tab Foundation (RTF) for support. In the midst of a situation that changes daily, when things may get worse before they get better, we wanted to take the time to look back at our recent accomplishments.
2019 was a record year for Red Tab Foundation. We had greater visibility across the LS&Co. community and more support than ever before. As a result, the stakes were higher to deliver on our mission — and we’re happy to report that we’ve exceeded all of our major targets.
While RTF has been providing support to LS&Co. employees and retirees for nearly four decades, the field of employee hardship funds is more prolific than ever, and we’ve embraced our role as a thought leader for the industry. Last year’s study by the Aspen Institute recognized RTF as a best-in-class organization and identified hardship funds as a critical tool to help fight financial insecurity.
We often hear about the big stories like medical emergencies or natural disasters, but RTF also assists those who have fallen behind on rent or need help with car repairs. Every day, the foundation helps alleviate worry and provides critical aid to those suffering through financial stress. Accordingly, we’re working to ensure that we deliver on our commitment to fostering physical, emotional and financial well-being in our clients more effectively than ever.
As one of the oldest funds, we have years of experience to draw on - but it’s our duty to clients to keep innovating to ensure that we deliver maximum impact.
We’re putting in the work today, so RTF can be a safety net for our LS&Co. family over the next four decades and beyond.
Thanks to all for the generous support.
FY19 Goals:
-
Broaden Our Impact: We distributed more than 1000 individual grants, giving out an additional 7% to our employees in need.
-
Deepen Our Support Base: FY19 was our fifth straight year
of double-digit fundraising growth. We raised $1.8M, exceeding our target of $1.35M by 36%. -
Find Operational Efficiencies: We achieved an 85/15 program expense ratio, all while processing more grants
and raising more funds than the previous year.
PROGRAMS
PROVIDING A CRITICAL SAFETY NET
RTF’s hardship assistance program brings the LS&Co. value of empathy to life in a very tangible way. The daily outcomes
of this program are a bill paid, a home restored, a pair of eyeglasses purchased. But the impact of those grants is
far greater. For more than 900 individuals who faced
a seemingly insurmountable financial emergency, RTF
brought hope, relief, and a feeling that their colleagues have their back. This year, to ensure we’re driving the greatest impact for our community, we embraced testing new approaches to emergency assistance by launching a proof of concept to more efficiently get our employees the funds they need, when they need them most.
BUILDING CAPACITY FOR FINANCIAL HEALTH
A key component of financial health, access to short-term savings allows individuals to weather inevitable financial shocks and think ahead for the long term. But for the more than 25% of the U.S. population across all income brackets that is living paycheck to paycheck, that savings doesn’t exist.
Our Red Tab Savers program is helping those individuals kickstart their savings by offering a $1 for $1 match. After six months, Savers have up to $500 of their own resources to access in case of an unexpected hardship. More importantly they’ve built a habit of savings: 95% of those who successfully completed the program continue to save month over month even after the program is over.
IMPACT
DID YOU KNOW?
In 2019, more than 65% of RTF assistance went to our retired manufacturing employees. We help with things like dentures, hearing aids and home repairs to make sure the individuals who made our iconic product have the assistance they need. It's our mission to make sure no one in our LS&Co. family falls on hard times.
HAVE YOU HEARD?
47% of Americans don’t have $400 to fall back
on in case of an emergency. That’s why we created the RT Savers program, which offers a $ for $1 match and teaches employees
how to save and gain confidence in their finances. Over 90% of
our employees who finished the program continued to save
after the six month match period was complete.
THANK YOU TO OUR DONORS
GOLDEN HANDSHAKE ($50,000 - $200,000)
Charles Bergh
Levi Strauss Foundation
Ginnie and Peter Haas, Jr.
Mimi and Peter Haas, Sr. Fund
BIG E ($20,000 – $49,999)
Colleen and Bob Haas
Dan Haas
Elise Haas
Evelyn & Walter Haas Jr. Fund
Kelly McGinnis
Margaret Haas
Stephen Neal
FORTY-NINER ($10,000 – $19,999)
David Love
Jennifer Sey
Julie and Wally Haas
New York Stock Exchange
Robert Eckert
Roy W. Eaton
Seth Jaffe
Sissy and Ted Geballe
Thomas Tusher
SADDLEMAN ($5,000 – $9,999)
Anne Madison
Betsy and Roy Eisenhardt
Bob Caldwell
Elizabeth O'Neill
Jim Ansel
Jim Phillips
Joyce Stephens
Karyn Hillman
Malcolm Goonetileke
Marc Rosen
Nicholas Meyer Haas
Pamela Judd
Richard Gomes
Roy Bagattini
Seth Ellison
Shelly Thigpen
Tom Fanoe
Tully and Elise Friedman
TWO-HORSE ($2,500 – $4,999)
Betty Grohman
Carl Buskirk
Christopher Clark
Haas Family Runners
Harmit Singh
Kira and Bradley Haas
Mary Jane Luck
Mary Palafox
Michael Smith
Pavan Pamidimarri
BATWING ($1,000 - $2,499)
Peter Jacobi
Ralph Briskin
Scott White
Spencer Fleischer
Tom Rafferty
Adam Woollerson
AJ Skains
Amber Mccasland
Amy Vine
Ann Ure
Anthony Toce
Bettina Sapien
Bev Beaudreault
Bob Siegel
Chris McCormick
Christi Halverson
Christiane Kunkel
Christopher Screnci
Daniel Wenzel
David Jedrzejek
David Reaume
Dennis Egge
Donald Platek
Donna Paulo
Edel Keville
Elizabeth Wood
Estelle Layton
Frank Garcia
Gerry Naegle
Gregory Gordon
Haluk Aksoy
Heidi Manes
Hubert Van Nuvel
Isabell Bogosian
Jeffery Harlowe
Jeffrey Eggert-Peluso
Jenny Calvert-Rodriguez
Jeremy Leaf
Jill Guenza
Jim Chriss
John Booker
John De Martino Jr
John De Shano
Jose Davila
Julie Stempin
Karen Scholl
Karthikeya Neelakanta Sarma
Kate Wagner
Katie O'Shea
Ken Sirlin
Kerry Connolly
Kerstin Ulf
Kimberly Veen
Lance Relicke
Larry Ruff
Leah Isla Dela Cruz
Len Bennett
Leo Isotalo
Leslie Ibarra
Lijim Lau
Linda Cullen
Lindsay Webbe
Margie Hanselman
Maria Tanya Estrella Gomez
Marion Lonn
Mark Grovich
Mary Fitz-Stephens
Mary McCurdy
Michael Kleine
Michaela Maychrowitz
Mildred Ferri
Molly Buckley
Nate Eubanks Jr
Neethling Prinsloo
Orla Hollub
Patricia Pineda
Phil Marineau
Prasanna Revankar
Richard Hurren
Roberto Carnabuci
Sanjeev Mohanty
Scott Clarke-Bryan
Shannon Davidson
Shelley Parsons
Stacey Stogner
Stephen Berube
Stephen Kelley
Susan Brennan
Tammie Abel
Tom Mallery
Vivien Park
Wade Webster
If you see any discrepancies in the list, please contact redtabfoundation@levi.com