Pebble Beach Company Foundation 2021 Annual Report

2021 2021 Annual Report C O M P A N Y F O U N D A T I O N

Welcome Dear Friends, We are pleased to deliver the 2021 Pebble Beach Company Foundation Annual Report, which highlights our accomplishments and our impact on youth education in our community over the past year. Looking back on the last two years, there is no question that 2020 was an unprecedented year of uncertainty and grief. Unfortunately, the COVID-19 pandemic proved to be equally, if not more, challenging in 2021, putting an enormous strain on our community and particularly on our youth. Most notably, the pandemic highlighted the inequities in our community and the disparity in circumstances that our youth continue to navigate. While some are experiencing relief, others are continuing to suffer. While we heard reassuring stories of resiliency, extreme accounts of adversity remain. Our grantees and their dedicated teams work tirelessly each day to address these issues and ensure that every child in Monterey County can achieve success in their education and lives. As we worked to support our grantees and local youth, we learned that youth mental health has risen to the top of the challenges facing our children. We were informed time and time again that children cannot take advantage of educational programs if they are experiencing mental health issues. As a result, the Foundation has focused on supporting programs which address these pressing issues, and our Annual Report highlights many of the grantees who are tackling the problem. We continue to be amazed by the generosity of our supporters. Thank you for believing in the Foundation and our mission. Your support allows us to have an impact on youth education, while also supporting our best-in-class grantees. Looking to the future, Pebble Beach Company Foundation will continue to evolve to support the needs of our youth and our community. We look forward to working with you to provide a brighter future for all Monterey County youth. Board ofDirectors Hubert Allen Teddy Balestreri Mercedes De Luca Dan Green Maggie Hardy Judah Matthews Susan Merfeld Christine Perocchi John Sawin Robert Skinner Jean Stivers DAVID L. STIVERS | CEO Pebble Beach Company SUSAN MERFELD | PRESIDENT Pebble Beach Company Foundation Contents Welcome Our Purpose Call to Action Bright Spots 2021 Grant Programs Our Impact Scholarship Academy Financials 2021 Donors Signature Events Join Our Efforts 1 2 3 4 6 7 8 11 12 16 17 Youth Music Monterey Monterey Peninsula Unified School District 2021 Annual Report 1

Our Vision Education changes lives. We are committed to funding quality educational programs and awarding scholarships and fnancial aid to beneft Monterey County students from prekindergarten to postgraduate levels. These funds provide access to opportunities and experiences that deepen, broaden and expand their world. Our Mission To provide quality educational opportunities for Monterey County youth. 2 Our Purpose Call toAction In the spring of 2020, the Foundation surveyed over 50 educators across the county to hear frsthand what they believed were the main challenges facing youth today. The overwhelming response was mental health. We listened, learned, and saw an opportunity to make a difference for the youth of Monterey County. The Foundation responded with its largest grant in history. Together with Montage Health Foundation, Ohana and the Monterey Peninsula Unifed School District (MPUSD), we launched a new three-year initiative to bring youth mental wellness programming and social-emotional learning opportunities to middle school children in Marina, Seaside and Monterey. We will initially help combat the growing youth mental health crisis by serving as a prevention and early-intervention resource. With the Foundation's grant, Ohana, a program of Community Hospital of the Monterey Peninsula specializing in mental and behavioral healthcare needs for youth and their families, is providing a child therapist to work with groups of students on all three MPUSD middle school campuses. With our funding, the therapist is already providing skills training in resilience and mindfulness, and most importantly, adding another level of support for the students. The need is great in Monterey County Despite the fact that Monterey County is iconic — with stunning natural beauty, world-class golf courses and gated communities — we cannot overlook the many troubling issues facing our youth. Students are homeless Under age 17 live below poverty line Don't have access to quality, affordable Early Care & Education Are not kindergarten-ready Third graders are not reading at grade level Suffer from mental disorders Increase in youth patients seeking mental health support at Montage Health from 2019 to 2021 Average wait time to get professional help for a youth mental health emergency 10% 65% 25% 23% 73% 1,000% 75% 7 weeks AIM Youth Mental Health These values and ideas represent the defning qualities of the very best local youth programs. We are proud to partner with our community to tackle the challenges impacting our youth and to help them reach their potential. Boys & Girls Clubs of Monterey County 2021 Annual Report 3

4 Bright Spots Nearly half of all children experience bullying at school. Bullying has long-lasting effects on kids who have been bullied as well as those who bully. To combat bullying, Monterey County Pops! has enlisted “Tubby the Tuba,” a musical lesson in self-esteem. Children from kindergarten to sixth grade are following the adventures of Tubby as he learns to stand up to bullies. Tubby presentations have traveled to schools in Salinas, the Salinas Valley and North County, reaching over 1,200 students and counting. What a way to make a difference through music. Monterey County Pops! Youth on Course As youth sports' seasons were canceled across the county during the COVID-19 pandemic, an activity kids could safely turn to was golf. The game surged in popularity, similar to when Tiger Woods frst emerged onto the scene. Youth on Course was there to make sure the game could be enjoyed affordably by families in our community. In support of its mission to ensure that every child has affordable access to golf, Youth on Course subsidized more than 13,000 rounds of junior golf in 2021. That’s 13,000 rounds kids played for just $5. Youth on Course is helping make the future of golf inviting, inclusive and most importantly, accessible to all young people — the next generation of lifelong players and lovers of the game. We continue to be impressed by the new and creative ways our community is supporting our youth with critical and impactful programs. Here are a few inspiring stories of Foundation grantees demonstrating resilience and creativity. The Wahine Project The Monterey Bay serves up some of the best surf in the world, but the world of surfng doesn’t always feel open to everyone. The Wahine Project focuses on removing barriers that prevent youth participation in ocean sports. Says Alisal (Salinas) High School student Daisy, “As a child, I always thought that surfng was a sport only people in movies would participate in. It wasn’t something I ever saw people of color doing; it wasn’t a reality for me. The Wahine Project has changed my life, and for that I will always be grateful.” The Wahine Project highlights the positive aspects of surf culture, teaching ocean safety while emphasizing the importance of exercise, nutrition, social responsibility and environmental stewardship. Breaking Barriers on Breaking Waves Just the sight of a Red Book Bag brings smiles and giggles of excitement across the classroom. At the Seaside Children’s Center, children receive a new Red Book Bag once a week. It is flled with award-winning multicultural books that they get to share with their family for the week. The premise is simple: Students are more eager to read when they can do so with their families. Through the Raising a Reader program, children can do just that with their Red Book Bags. The program has been such a hit, it has already been adopted by the Marina Child Development Center for this fall. Since the program’s inception, students are scoring higher in language and literacy development measures. But best of all, they are enjoying reading. Monterey Peninsula Unified School District The Magic of the Red Book Bag Affordable Golf for Every Youth How old do you need to be to become an expert? AIM Youth Mental Health tapped into Monterey County’s local high schools for guidance in developing recommendations, treatment and best practices for youth who are struggling with mental health issues — the numbers of which have increased exponentially in the wake of the challenges COVID-19 has presented. Their Ideas Lab Team — a group of 90 high school students — surveyed 280 peers across 16 area high schools. They reviewed their fndings with Stanford Behavioral Health and the Monterey County Offce of Education before presenting their research and solutions at the recent AIM Scientifc Symposium. Attendees at the Symposium included world-renowned researchers, parents, educators, policy makers and members of our community. After all, who knows more about what it’s like to be a young adult than youth themselves? AIM Youth Mental Health Solutions from Real Youth Experts A Musical Lesson in SelfEsteem 2021 Annual Report 5

AREAS OF GIVING OurImpact 2021 Grant Programs TOTAL YOUTH EDUCATION $1,017,000 COMMUNITY AID(1) $ 210,000 TOTAL GIVING $1,227,000 In 2021, Pebble Beach Company Foundation made grants to close to 90 organizations reaching more than 10,000 youth. These grants provide opportunities that expand their world. We are working together to provide a brighter future for our youth. AIM Youth Mental Health All Saints Day School American Association of University Women ARIEL Theatrical Big Sur Land Trust Boys & Girls Clubs of Monterey County California Missions Foundation California Strawberry Growers Scholarship Fund Carl Cherry Foundation Carmel Bach Festival Carmel High School Foundation Carmel Ideas Foundation Carmel River Watershed Conservancy Carmel Youth Center Chamber Music Monterey Bay Chartwell School CHISPA, Inc. Community Human Services Community Partnership for Youth Digital NEST Educational Resources of Monterey County El Sistema USA – Salinas First Night Monterey, Inc. Foundation for Monterey County Free Libraries Friends of Camp SEA Lab Friends of the Salinas Public Library Future Citizens Foundation – First Tee Gen Giammanco Foundation Gil Basketball Academy Girls Inc. of the Central Coast Harmony at Home Hartnell College Foundation Hijos del Sol Arts Productions Hope, Horses & Kids International School of Monterey Jacob’s Heart Children’s Cancer Support Services Junior Achievement of Northern California Kinship Center Loaves, Fishes & Computers Lyceum of Monterey County McPherson College MEarth Montage Health Foundation (1) Monterey Academy of Oceanographic Science Monterey Bay Aquarium Monterey Bay Charter School Monterey Condors Club Monterey County Pops! Monterey County Rape Crisis Center Monterey Institute for Research in Astronomy Monterey Jazz Festival Monterey Museum of Art Monterey Peninsula Ballet Theatre Monterey Peninsula College Foundation Monterey Peninsula Unifed School District MY Museum Natividad Medical Foundation (1) NCGA Foundation – Youth on Course Notre Dame High School Ohana Center for Child & Adolescent Behavioral Health Pacifc Repertory Theatre Palma School Partners for Peace Pebble Beach Company Scholarship Program Pebble Beach Junior Golf Point Lobos Foundation Raising A Reader Rancho Cielo Youth Campus Read to Me Project Robert Down Elementary School Sacred Heart School Salinas Area Reading Is Fundamental Salinas Valley Memorial Hospital Foundation (1) San Carlos School Santa Catalina School Sol Treasures Special Kids Connect Stevenson School Trinity Christian High School United Way of Monterey County (1) University Corp at Monterey Bay – CSUMB Ventana Wilderness Alliance The Wahine Project Weston Photography York School Youth Arts Collective Youth Music Monterey YWCA Monterey County REGION ETHNICITY AGE AGES 0–5 AGES 6–13 AGES 14–18 AGES 19–26 MONTEREY PENINSULA SALINAS SOUTH COUNTY NORTH COUNTY OTHER 38% 17% 22% 14% 5% 3% 1% SCHOLARSHIPS & FINANCIAL AID YOUTH DEVELOPMENT SOCIAL & EMOTIONAL LITERACY MUSIC & THE ARTS PHYSICAL EDUCATION & SPORTS EARLY CHILDHOOD $389,500 $219,500 $171,000 $142,500 $ 52,000 $ 27,500 $ 15,000 6 10% 36% 46% 8% HISPANIC WHITE NOT DISCLOSED ASIAN TWO OR MORE RACES 49% 15% 22% 5% 5% BLACK HAWAIIAN OR PACIFIC ISLANDER 3% 1% 42% 14% 32% 6% 6% 38% 22% 17% 14% 5% 3% 1% 10% 46% 36% 8% 49% 22% 15% (1) In 2021, the Foundation made grants to a group of nonprofits in Monterey County committed to addressing immediate critical needs where funding sources were limited. This was made possible by Pebble Beach Concours d’Elegance and its generous donors. 5% 5% 3% 1% 42% 14% 32% 6% 6% For over 45 years, Pebble Beach Company Foundation has been committed to improving our community by aligning our grant awards with the region’s best and most innovative youth-focused organizations. 2021 Annual Report 7 (1) In 2021, the Foundation made grants to a group of nonprofits in Monterey County committed to addressing immediate critical needs where funding sources were limited. This was made possible by Pebble Beach Concours d’Elegance and its generous donors.

Roland College: Stanford University Degree: B.S. Electrical Engineering Postgraduate School: Stanford University Degree: M.S. Electrical Engineering After graduating, I worked for The Boeing Company in Washington state as an electrical systems engineer in the Cabin and Network Systems Department. I recently moved back to California to work for Tesla as a system validation engineer for Charging Systems. Carly College: University of San Francisco Degree: B.A. History Postgraduate School: University of San Francisco Degree: M.A. Teaching I am currently teaching 12th grade AP Government, AP Macroeconomics, American Democracy and Economics at Raoul Wallenberg High School in San Francisco. I am also coaching the Varsity Girls and Boys Volleyball teams at the high school. Daniel College: San Diego State University Degree: B.S. Environmental Sciences Postgraduate School: Monterey Peninsula College Degree: Firefighter 1 Certificate I have just accepted an offer from the Salinas Fire Department as a firefighter recruit. In the next two years I will be going through an 18- week fire academy, followed by an 18-month training program with the City of Salinas Fire Department. Stephanie College: Hartnell Community College Degree: Associate Degree in Nursing Postgraduate School: UC San Francisco Degree: M.S. Nursing I currently work at Stanford Health Care as a clinical nurse in outpatient specialty clinics serving patients of gastroenterology and dermatology. I am grateful to have worked in both community health settings serving vulnerable populations as well as in more well-resourced settings with cutting-edge medical technologies. David College: Tulane University Degree: Master of Architecture For the past 10 years, I’ve been building my textile-design studio in Chicago, working with weavers in Nepal to produce handmade custom-designed rugs for residences across the country. I’ve enjoyed expanding my pattern-design vocabulary to include wall coverings, tile patterns, commercial-scale carpeting and art installations. Company Scholarships The Company Scholarship program was established in 1995 and is a valuable beneft for employees whose children are attending college or graduate school. To date we have awarded $1.7 million to 145 students. Catching up with a few of our alumni... 8 Alicia College: Cal Poly San Luis Obispo Degree: B.S. Biology Postgraduate School: New York Medical College Degree: Doctor of Medicine I am currently finishing my second year of medical residency at Columbia University in New York City. My focus is Neurology, where I am learning how to treat diseases such as dementia, epilepsy and stroke (among many others). Scholarship Academy The Scholarship Academy is the signature program of Pebble Beach Company Foundation. It provides broad-based educational assistance through scholarships and fnancial aid. The Academy focuses on two areas: Community Scholarships for Monterey County youth organizations and Company Scholarships for the children of Pebble Beach Company employees. Through our decades of experience, we have seen the positive impact that scholarships have on students from prekindergarten to postgraduate. All Saints Day School American Association of University Women California Strawberry Growers Scholarship Fund Carmel High School Foundation Chartwell School CHISPA Friends of MAOS Future Citizens Foundation Gen Giammanco Foundation Hartnell College Foundation — Upward Bound Hartnell College Foundation — WELI / MILE McPherson College MEarth Monterey Condors Club Monterey Peninsula College Foundation Notre Dame High School Palma School Pebble Beach Junior Golf Association Santa Catalina School Stevenson School Trinity Christian High School University Corporation at Monterey Bay The Wahine Project Weston Photography York School Youth Music Monterey We fund scholarships and fnancial aid to private and public area schools and youth-focused nonprofts, which provide program-related monetary support to those who would not otherwise have access to these programs. Community Scholarships $267,000 ● 26 Grants Pre-K to University Meet a few of our Community Scholars... Organization: CA Strawberry Growers Scholarship Fund College: UCLA Major: Biology Career Goal: Dermatologist Everardo As a first-generation high school senior, Everardo knows the struggles of life and understands the value of education. He wants to attend college for three main reasons: to become a physician, to continue learning and challenging himself, and to make his parents proud. He enjoys being involved in his community and volunteering in his free time. Organization: CHISPA College: Hartnell College Career Goal: Veterinarian Ali A first-generation college student, Ali plans to transfer to UC Davis or Texas A&M University to complete her BS and then attend veterinary school after graduation. After finishing her education, Ali wants to purchase land to establish a home clinic that focuses on fostering animals. In addition, she plans to travel to locations where there is no access to veterinarian services. $122,500 ● 28 Students 2021 Annual Report 9

10 Financials STATEMENT OF FINANCIAL POSITION AUDITED STATEMENT OF FINANCIAL POSITION FOR THE YEAR ENDING DECEMBER 31, 2021 STATEMENT OF ACTIVITIES PEBBLE BEACH COMPANY FOUNDATION ASSETS $ 1,298 Cash and cash equivalents 22,090 Investments at fair value 23,388 Total assets LIABILITIES - NET ASSETS $ 23,388 REVENUE AND SUPPORT $ 2,325 Net contribution and fundraising revenues 2,230 Net investment income 4,556 Total net revenues and support EXPENSES $ 1,227 Grants and scholarships 114 General and administrative 1,341 Total expenses INCREASE IN NET ASSETS $ 3,215 ($’s in thousands) Note: Totals may not add due to rounding. 1975 - 2000 $1.0M 2001 - 2010 $1.7M 2011 - 2020 $8.8M 2021 $1 .2M $12.7 million and still growing! Just like the youth we support, Pebble Beach Company Foundation has aspirations to continue growing and doing great things. To date, we have given $12.7 million in support to local youth organizations that make the most difference, and we are just getting started. With the help of our generous donors, we granted $1.2 million in 2021 and have given over $1 million every year since 2016. $12.7 million in giving since 1975 Anyone who does anything to help a child in his life is a hero. — FRED ROGERS, AKA "MR. ROGERS" Friends of the Salinas Public Library Kinship Center Gen Giammanco Foundation Gil Basketball Academy El Sistema USA – Salinas Rancho Cielo Youth Campus Educational Resources of Monterey County 2021 Annual Report 11

Anonymous Richard Adatto Tonya Antle B. P. Moser Susan & Steve Babinsky Don Beall Beam Suntory Matthias Bonczkowitz Canepa Motorsport Cannery Row Company Gary Carr Larry & Juana Carter Charitable Fund Margie & Joseph Cassini III Steve Cassriel Hollis Cavner John Chen Linda & John Clinard Don Colleran Copley Motorcars Janet Cussler Sally & Roger Demler Lia & Jim Farley Leon Flagg & Curtis Lamon Stu Francis Frontier Golf Kathy & Jim Fuchs The Glickenhaus Foundation David Gooding & Dawn Ahrens Virginia G. & John D. Groendyke McKeel Hagerty Tom Hartley Jnr Jo & Mike Heffernan Lisa & Jim Hendrix Jann Heumann Jeannie & Rob Hilarides Paul Hoffman Teri & Alan Hoops Marsha & Chuck House Aaron Hsu & Sasha Cutter Beth & Joe Hurwich Jeff Hyland Mark Hyman Robert A. Ingram Craig Johnson Jeila & Knox Kershaw Ketel One Roxy & Steve Klein Christopher Larson Katharina & Michael Leventhal Bob Lurie Bill H. Lyon, Jr. Mark C. Mammel David C. Martin James McIntosh McLaren Automotive North America Don McNamara Mark Miller Steve Morton The Mosaic Foundation (of R. & P. Heydon) The Glenn Mounger Family Cecilia & Jaime Muldoon Beth & Ross Myers Courtney & James Nantz Shantanu Narayen Karen & Charles Nearburg John Nehra Neil Oxman Penner Family Foundation Judith Ann & James R. Raible, Jr. David Reese Michael Regalia Cliff Robbins Jerry Rosenstock Susan & Neal Ryan Kathy & Peter Sachs Nancy & James Scharfeld Wendy & Jonathan Segal Jill & John Shibles Colin M. Short Filippo Sole James Sprague Warren A. Stephens Taylor Farms Gary S. Taylor, M.D. Leanne & Shawn Till Tito’s Handmade Vodka Weston & Elona Family Trust Pete Whitehead & Mark Whitehead G I F TS OF $2 , 500—$9 , 999 2021 Donors COMMUN I TY PARTNERS CALIFORNIA AMERICAN WATER • CHEVRON NORTH AMERICA • IEQ CAPITAL LLC WE ARE HONORED TO RECOGN I ZE THE FOL LOWI NG DONORS for their gifts received between January 1 and December 31, 2021 G I F TS OF $ 1 00 , 000 & ABOVE Susan & Craig McCaw • Jill & Tom Peck • Qatalyst Group LLP G I F TS OF $2 5 , 000— $49 , 999 Anonymous Ann & Chris Cox Kingsley & Jack Croul Ford Motor Co. Sherry & Ed Gilbertson Audrey & Martin Gruss Foundation ITN Holdings LLC Charles Johnson John W. Johnson Rob Kauffman Bruce R. McCaw Family Foundation Gwen & John McCaw Steven Moore, Gordon & Betty Moore Foundation Roberto Quiroz (Trebol USA LLC) Jon & Mary Shirley Foundation Laura & Jack Boyd Smith, Jr. David Sydorick Toyota Motor North America, Inc. Anonymous Penny & Lee Anderson Karen & Rich Atwell Megan & Harris Barton Susan and John Boken Camilla & Stephen Brauer Kim & Stephen Bruno Fritz Burkard, The Pearl Collection Bret Curtis Robert Davis Teresa & David Disiere Mr. & Mrs. James K. Dobbs III Evelyn & Jim Fasnacht Jean & Don Ghareeb Peter O. Goodwin Richard Gorman & Colleen Paige Thomas Hamann Thomas M. Hamilton Heinecke Family Leslie Heumann Jackson Family Foundation Allyson & Bob Kavner Robert M. Lee Foundation Samuel Lehrman Emily & Sam Mann Cydney & Tom Marsico Tom McGough Susan & Dave Milligan James A. Patterson Margaret & Andy Paul Dr. Jonathan Pellegrin Todd Martin Pickup Price Family Foundation Dayle & Ken Roath George Roberts Gail & Howard Schaevitz Scott Schoelzel Stefanie & Robert Skinner Barry Sternlicht Cheryl & Bill Swanson Debbie & Jack Thomas Nancy & James Utaski The Rob & Melani Walton Foundation Kendra & Peter Wilde Dr. Rick & Angie Workman Harry Yeaggy G I F TS OF $ 1 0 , 000—$24 , 999 G I F TS OF $50 , 000— $99 , 999 Robin & Peter Barker Impala Asset Management Mary & Peter Kalikow David MacNeil Richard McRae 2021 Donors 12 2021 Annual Report 13

49ers Foundation Benziger & Imagery Winery Bernardus Winery Champagne Laurent-Perrier Sherman Chu Far Niente Fortessa Tableware Solutions Gainey Vineyard Anthony J. Gonzales Kenneth Haigler Glenn Hammer Links & Kings Mission Ranch Monterey Peninsula Golf Club Morgan Winery Musty Putters Ojai Valley Inn Pebble Beach Company Pebble Beach Concours d’Elegance Peppers Mexicali Cafe Nanci & Bill Perocchi Reyes Coca-Cola Bottling Riggs Distributing SC30 Inc. TaylorMade Golf Co., Inc. Tehama Golf Club Tito’s Handmade Vodka TPC Harding Park Vineyard 29 Youth On Course The Friends of the Foundation are enthusiastic advocates sharing their time and talent in support of Pebble Beach Company Foundation. I N- K I ND DONAT I ONS Anonymous LeBon G. Abercrombie Jeffrey Ajluni Hubert Allen Robert E. Andreae Michele Archie & Howard D. Terry Christine & David Armanasco Phillip & Janet Banks Robert Belter Chris Bock Mike Bona Bill Bone Patricia C. Burke Grant Carmichael Classic Investments, Inc. Ron Coulter Pat & Chris Current Gilbert Curry Charles J. Delahay Stan Dickison Vincent J. DiCosimo Eugene Dupreau Donald Eastman Estate of Robert Sasso Kent Farnsworth Judith Lamm Figi Captain Barbara Ford (USN RET) James Fuqua Gabrielle M. Garza Bradford Gebert Michael P. Georgariou Gary Gray Dan Green David M. Hall Kandace Hawkinson Patrick Healy David A. Heuck Mary Kay Higgins Lawrence H. Holden Michael Jackson Richard Jackson Robert E. Jacobsen Sheila & Bob Joynt Elliot Katz Dr. Jennifer Keir-Garza & Dr. Richard Garza Dr. & Mrs. G. Brad Klein Charles Krpata Miles S. Lundquist Rod B. Manning Nigel Matthews Stephen T. McClellan Sandi & Al McEwan Alton McEwen Amy & Tim McNair Steve McNally John P. McWilliams Harold Millan, Jr. Roy Miller Jeffery Millerick Wayne R. Moon Matthew J. Myers Richard W. Nutter Clifford C. Olsen, Jr. Shirley & Bill Peake Peerless Coffee Company David R. Peterson Jeff Pickard Victor Preisler James N. Press Mike Raggett Sibyl & Don Reynolds James Rice Woody Salkin Leona & Larry Seidell Geoffrey H. Sharp Bobby G. Sparks Horace Spaulding Eileen & Col Hector Topete Bruce Trenery Mark Verbonich Kiyoharu Wakui Jay Ward Robert D. Webster Allan K. Winn Deb Aitchison Julie Bullas Janine Chicourrat Gloria Ford Patrick Freeman Micah Hawbaker Wendy Heilmann Miranda Jackson Rich Pepe Cassie Peters Barry Peterson Judith Ann Raible Woody Salkin Lee Ann Seber Holm Barbara Simmons Diane Stracuzzi Jeffrey Wallace 2021 Donors 2021 Donors Debora & Steven Adler Charlie Allen Dr. David Altchek William Araskog Lauren & Blake Atwell Bret Baier Ted Balestreri Richard Barrett Alice Ann & William P. Battle Christopher Berman Marian Bond Preston Butcher Frank Cammisa Mark Cardelucci Michael F. Carter Woodworth Clum Struan Coleman, M.D. Dick Cook The Couch Family DAOU Family Estates James & Julia Davidson Bunny & Craig Davis Mercedes De Luca Murray Demo Thomas R. Devlin Diageo Steven J. Didion Art Dunkley David Eichenbaum Dr. Neal Elattrache Ben Erickson & Peter Larsen Fenton & Keller Brian Ferris Warren Fields Peter Foss Wendy & Michael Franz Thomas Frist James Giancola Doris & Ralph Gilles Gary Gregersen Robin & Frank Guy Terry Hackett Jeff Halpin Brent Handler Maggie Hardy Matthew J. Hart Tom Hazlehurst Andrea & Ron Hein Gary Hendrickson Frank C. Herringer Jim Hinckley Nancy & James Hoak Kevin Holleran George W. Holman Cara R. & Timothy G. Hoxie & Michael Rubinstein Walter Hussman IEQ Capital LLC Infniti USA Kelley James Dr. Christian J. Jenny Alastair Johnston The Honorable Sir Michael Kadoorie Ron Keating Roger Kirwan Richard M. Kovacevich Edith & Christian Kramer Kurtz Family Foundation Joe Lacob Jackie & Robert Lederer Gregg Lemkau Alexander N. Lilley Carl Linder III Siegfried Linke The Lubrizol Foundation Terry Lundgren Doug Mackenzie Ron Maggard Adeline & Ralph Marano Chandra & Judah Matthews Karl L. Matthies Joe Mayernik Mazda North America Operations Mike McKee Pierre F. Mellinger Susan Merfeld Al Michaels Myers Restaurant Supply John H. Myers Gregory B. Northcraft Jonathan Nudi Chris O’Donnell Ann & Steven Packer Jane & Val Pakis Cary Patterson Gary Petersen Randy & Brian Pollock Polsinelli Billy Prim Frank Quattrone & Denise Foderaro Dan Quayle Betsy & Sam Reeves Stephen Reyes Reuben F. Richards Ridge Partners Jeffrey M. Riehl Peter C.W. Roberts Sherry & Paul Roshka Mary Kay & Charles Ruck Jeffrey Saper Arun Sarin Therese & John Sawin Tim Schantz Rob Schumacher Scot Sellers Scott Seymour Fred Shaheen Peter O. Shea Mike Shute Ryan Smith Michelle & Steve Snyder Lee J. Styslinger III Chris T. Sullivan Ben C. Sutton, Jr. Jerry Tarde Richard G. Thau Nathaniel Turner William H. Tyler III Ginny & Peter Ueberroth Jack Uible Gary Vandeweghe Fallon & Robert Vaughn Louis Welch TomWerner Janice & Grant Wilmer Martin Wolf Michael Yamaki Geoff Yang G I F TS OF $ 1 , 000—$2 , 499 14 A SPEC I AL THANK YOU G I F TS UP TO $999 2021 Annual Report 15

The 2021 Pebble Beach Concours d’Elegance raised over $2 million for charity — a figure on par with funds raised in pre-pandemic years. These monies are distributed to the event’s charitable partners and stay in the community. Pebble Beach Concours and Pebble Beach Company are synonymous with excellence, and both have long supported local charities on the Monterey Peninsula and across Monterey County. The Concours, under the leadership of Chairman Sandra Button, has raised over $32 million for local charities since its inception. Through Pebble Beach Company Foundation, its primary charitable partner, Concours funds benefit close to 90 of the region’s best youth-focused nonprofits, impacting the lives of more than 10,000 children each year. Several charities — including the Boys & Girls Clubs of Monterey County, Kinship Center, Montage Health, Natividad Foundation, Salinas Valley Memorial Healthcare System and United Way Monterey County — benefit directly. “We’re thankful for all of the people who continue to gather at Pebble Beach to celebrate cars and raise funds for people in need — and we’re also grateful for the organizations that make certain these funds get put to good use in our community,” said Button. PEBBLE BEACH CONCOURS D’ELEGANCE HICKORY STICKS INVITATIONAL JoinOurEfforts Supporting Pebble Beach Company Foundation SignatureEvents 16 A Timeless Pebble Beach Tradition. For the past decade, a band of merry golfers, decked out in knickers, have gathered to play a classic round of vintage golf at The Hay. The Hickory Sticks Invitational began as a fun fundraiser in 2010 and has become the flagship event for Pebble Beach Company Foundation each summer. Last year alone, the tournament raised $115,000 for programs and scholarships benefiting Monterey County youth. Players swap out their spin-milled wedges and face-balanced mallets with tungsten inserts for hickory-shafted niblicks and mashies. It’s easy to forget that both the steel shaft and wooden tees weren’t popularized until the mid-1920s. Foregoing both is a wonderful reminder of the skill once required to score a par — a term originally defined as expert play on a hole. The thrill of mastering antique equipment on a course as creative and provocative as The Hay is a unique challenge every golfer should experience. Each hole begins by reaching into a “tee box” to grab a handful of wet sand, which you shape into your tee. That mini sandcastle you build is your best chance to impart spin on your bramble gutta percha or mesh-patterned ball. (They make for cool souvenirs, too!) While the tournament gets everyone’s competitive juices flowing, the Hickory Sticks Invitational also doubles as a social and culinary extravaganza. The renowned Pebble Beach Resorts hospitality team takes care of every player with creative libations and delicious treats during and after your round, creating a truly memorable experience. Visit our website for more information. — KEVIN CAUSEY, HICKORY STICKS LOCAL Count me in forever! Thank you, Hubert! Hubert Allen, Hickory Sticks Honorary Chair, warmly greets players at the first hole every year. Allen enjoys personally thanking each player for supporting Hickory Sticks and reminds them that it’s all for a great cause — supporting close to 90 of the best youth nonprofits in Monterey County. Pebble Beach Company Foundation is a 501(c)(3) tax-exempt nonprofit organization as recognized by the IRS. To make a donation, please contact: Susan Merfeld, President [email protected] 831 .649.7651 Make a cash donation by check, online at or wire transfer Make a gift of stock Become a Community Partner: a business membership providing exclusive benefits 1 2 3 MAKE A GIFT There are many ways to support our work: Tax ID # 51-0189888 2021 Annual Report 17

©2022 Pebble Beach Company. Pebble Beach®, Pebble Beach Resorts®, Pebble Beach Concours d’Elegance®, The Lone Cypress, its distinctive image and The Heritage Logo are trademarks, service marks and trade dress of Pebble Beach Company. Photos courtesy of the respective identified programs, plus the following: front cover – DMT Imaging; inside cover, top – Ian Martin; page 10, top right – Randy Tunnell; page 16, all – Sherman Chu; page 17, left – Kimball Studios. First Generation, First Born Everything that I do is not only for me, It is also for them It must have been the same thing they were thinking As they took a chance somewhere else I learned to work hard from them To be grateful To recognize the blessings To go from being treated like dirt To plans on owning the land they step in Constantly moving Never knowing where I belong There is no place to call my home But rather my community My family Being strong no matter the circumstance Taking responsibility Learning to be independent Knowing more English than your ancestral language Being the designated translator The one thing they can brag about to family across the country With it also comes the fear of failure and being a disappointment To be able to have siblings that look up to me To be an example and make them proud Yes I do it for myself, but I also do it for them. Andrea Garcia, Gonzales High School Carl Cherry Foundation Thinking Out Loud Poetry Awards ● [email protected] P.O. Box 1767 ● Pebble Beach, CA 93953 ● 831.649.7651 Tax ID # 51-0189888