January 20, 2011

Ed McDermott Joins The San Francisco Foundation Board of Trustees

(SAN FRANCISCO) – Wednesday, January 20, 2011 – The San Francisco Foundation announced today the appointment of Ed McDermott to its Board of Trustees. Mr. McDermott has served on the Foundation’s Investment Committee since January 2009.

Edward H. McDermott is a managing director of SPO Partners & Co., a private investment partnership that makes concentrated, long term investments in public and private companies. Mr. McDermott received his B.A. from Williams College and his M.B.A. from the Stanford Graduate School of Business. Prior to joining SPO Partners & Co. he was involved in arranging structured and leveraged financings at Goldman, Sachs & Co. Mr. McDermott is involved in a number of community projects including serving as former board president of San Francisco School Volunteers.

About The San Francisco Foundation
The San Francisco Foundation (TSFF) is the community foundation serving the Bay Area since 1948, granting more than $800 million over the past ten years. Through the generosity and vision of our donors, TSFF awarded grants totaling more than $80.6 million in fiscal year 2009. TSFF brings together donors and builds on community assets through grantmaking, leveraging, public policy, advocacy, and leadership development. By focusing on people, organizations, neighborhoods, and policy, the Foundation addresses community needs in the areas of community health, education, arts and culture, community development, and the environment. In response to the economic downturn, TSFF is focusing funding on safety net partners, job creation and training, and foreclosure response and neighborhood preservation for the next three years. The San Francisco Foundation serves San Francisco, Alameda, Contra Costa, Marin, and San Mateo Counties. www.sff.org