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Dubuque Racing Association Grants Distribution Copyrighted August 1, 2022 City of Dubuque Action Items # 01. City Council Meeting ITEM TITLE: Dubuque Racing Association Grants Distribution SUM MARY: City Manager submitting a presentation from the Dubuque Racing Association that provides an update on the Dubuque Racing Association Grants Distribution. SUGGESTED Receive and File; PresentationSuggested Disposition: DISPOSITION: ATTACHMENTS: Description Type Presentation Supporting Documentation Monday, August 1, 2022 Dubuque City Council � c a, s i r� o DIAMOND JO r C v S f V p v+� ✓ 1 Who is the DRA video � c a, s i r� o DIAMOND JO r C v S f V p v+� ✓ Z Who is the DRA Mission, Vision, Values • Mission • The DRA through its gaming and entertainment facilities provides for social, economic and community betterment and lessens the burden of Dubuque City and area government, while contributing to the growth and viability of Dubuque Area tourism. • Vision • The DRA is a dynamic community resource, acting as a catalyst to enhance the quality of life and financial well-being for the tri-state community. • Values • Community � Growth � Impact � Integrity � Vision � Equity ADYNAMICCOMMUNITYRESOURCE dradubuque.com O 3 B ra n d Ref re s h - logo � c A s i N o DIAMOND JO � �'�`— C A S I N O ADYNAMICCOMMUNITYRESOURCE dradubuque.com O 4 Brand Refresh - Website F - e � �,-;,- dfzdu��o�e.�om::,��„�;�,�„� .. * 0 ��} . � � • • • . • . • • • . � . � � � ADYNAMICCOMMUNITYRESOURCE dradubuque.com O 5 Strategic Partnerships �. � , � � � ,��� � �� ;�� � � �i - � - w� i�inrno!.n�n � Fel�ruar]I 22,2022 �` .., , �� � �4 a�5 S�� � order�nfhe City o#�ubuque ! ! � Four million fi�e thousand ei ht hundred °°�10D douo� pRAduhurnie.carn .="�'r� ����- , -.:-���.jLL;�,�� �£ ::���.;:„;:�:�-:: :.�.�•-7�.-,;�: .r��` �. ._..:p4_ky5_:I:r .:�;�. . ��F:�s.i�i ��r"�' \\ . -x'�,{'��:.�.ti �S - ��F,: + 5,--�F I 1 � ADYNAMICCOMMUNITYRESOURCE dradubuque.com O 6 Endowment Fund Community Foundation • Opened in 2011 with initial $368,200 deposit • Next nine years, average of $500,000 annual contribution • Total invested to date: $5,086,975 • Benefits: • Creates ongoing source of income • Enhances stability and prestige • Provide annual support for recurring grants or multi-year commitments • Provides independence • Offers flexibility to management ADYNAMICCOMMUNITYRESOURCE dradubuque.com O 7 2022 Charitable Distributions — What's New? • Focus the Grant Program on People Attraction : Population growth, retention and tourism • Simplify the ask process � Give preference to applications with capacity building opportunities alongside of material purchases ADYNAMICCOMMUNITYRESOURCE dradubuque.com O 8 Grant Distributions Core Grants Mission Grants • Minimum distribution of $1,000,000 annually • Applications for $50,000 - $500,000 • Applications up to $50,000 • Two-phase application process • Preference given to capacity building opportunities • Presentation with Q&A to DRA Mission Grant alongside material purchases Committee • Payment provided upon the acceptance of the • Single or multi-year requests considered grant award • Capital Campaigns are eligible • Coaching opportunities provided by the DRA and community partners throughout the grant cycle • Collaboration opportunities with the DRA and community partners throughout the grant cycle ADYNAMICCOMMUNITYRESOURCE dradubuque.com O 9 2022 Grant Applications Core Grants Mission Grants • 157 Application requesting over $4.5million • 66 qualifying applications requesting over $17 million • AWARDS • Two Awarded with more to come! • Organizations: 59 • Dubuque Dream Center: $200,000 • Average: $19,234 • Expanding a Dream (Purchase of Fulton School) • Total: $1,134,846 • Dubuque Area Chamber of Commerce: $125,000 • Restore, Recruit, and Retain Local Commercial Air Service � � � � � o , � o � � - � n � � a . r� � � rN a , � � � r� A ya .-� o . � .� _ :.._ .a � � � a a ''� � •� o , !P , w� 9 .... , ��iy.2L�t,u ��, r ` �'I'`� t'ir'i: .. � � ,..N �r�t� ��G��f� ��,�.34,�4� � a , j �: '� _ ,.n�4;� ,;r„�,,a... � ` �� { — .�l�w� � ��-,�„''-��E.�.:..��'°°eaw. • �.� %. �' � ., -J..._ ��,wa �em�a,. �I � ��' � ADYNAMICCOMMUNITYRESOURCE dradubuque.com O 10 DRA Impact Video � c a, s i r� o DIAMOND JO r C v S f V p v+� ✓ 11 i a n ou . . � ues � ons . ADYNAMICCOMMUNITYRESOURCE dradubuque.com O 12