Story posted January 25, 2011
Trustee Sheldon M. Stone '74, founding member of Oaktree Capital Management, has been named chair of the board of directors for the California Community Foundation (CCF), a public, charitable organization serving the communities of Los Angeles County.
"I am honored and delighted with the opportunity to lead a nonprofit organization that has been a true cornerstone in Los Angeles and a national model in philanthropy for more than nine decades," says Stone.
"I plan to ensure CCF's performance is strong, responsible and transparent today while encouraging management and staff as they explore our future potential."
Stone, who has served on the College’s Board of Trustees since 2001, also sits on the board of the Los Angeles County Museum of Natural History.
Sheldon and his wife, Cindy, are members of CCF’s Legacy Society; their fund invests in multiple areas, including the arts, historic preservation and college scholarships.
CCF serves as steward of 1,600 charitable funds and foundations, and makes grants to nonprofits in the arts, education, health care, housing and neighborhoods, and human development.