Supporting Veterans

November 2022 | Impact Investing

Veterans Day (originally known as Armistice Day) is a federal holiday in the U.S. observed annually on November 11, for honoring military veterans of the U.S. Armed Forces. At the beginning of each calendar year, our Impact and CRA Committee has a meeting to review our impact themes and make suggestions for modifications. In 2022, one of our updates was adding “supporting veterans” to our impact theme of Seniors and the Disabled. Over the years, we have seen an increase in impact investments benefiting and supporting veterans and their families. We feel this is an extremely important addition as veterans have put their lives on hold and at risk to protect our country. Included in today’s blog is an impact story supporting veterans. CCM thanks all veterans who have served our country and is donating to the Wounded Warrior Project in recognition and honor of this important day. Thanks to a generous matching gift from the Blue Angels Foundation, every dollar donated on Veterans Day to Wounded Warrior Project will be matched up to $200,000 in support of their Warrior Care Network®.

CCM Impact Story that Supports Veterans

The Redwood City Public Facilities and Infrastructure Authority (RCPFIA) will use bond proceeds to finance most of the cost of constructing a new activity and community center in Redwood, California (San Mateo County) that will be known as the Veterans Memorial Building/Senior Center.

The Veterans Memorial Building/Senior Center (VMSC) will be a new 45,000-square-foot property to be owned and operated by the city of Redwood. Amenities at the facility will include a 299-seat theater, catering kitchen, senior club room, exhibit space honoring veterans, NFL alumni exhibit space, gymnasium, rooftop garden, multipurpose rooms, and various conference and administrative spaces for city staff and a host of non-profit organizations that partner with the city to provide community services.

The project will replace the existing Veterans Memorial Building, which is outdated and in need of substantial repairs. The existing facility receives approximately 150,000 visitors per year, providing services for seniors including free or low-cost meals, health programs, and cultural entertainment, all of which will continue at the new VMSC. The campus of buildings and spaces that will be replaced include the Veterans Memorial Building, Herkner Pool, Wellness Center (Old 49er Building), resource building (city administration and senior center gift shop), and the NFL Alumni Building. The new VMSC will be a state-of-the-art LEED Platinum-certified facility.

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