San Francisco’s highly anticipated Asia-Pacific Economic Cooperation (APEC) summit, which will bring international political and business leaders to the city, is still about three months away. So far, the city has reached one-third of its fundraising goal ahead of the November gathering of delegates from 21 Pacific Rim member economies.
According to the latest data from the Mayor's Office, $6.75 million has been raised from multiple big-name companies and organizations, including $1 million each from Salesforce, Sutter Health, Visa, biotech company Mebo and real estate company Prologis.
DoorDash and Genstar Capital donated $500,000 each, with the Fisher family of Gap Inc. fame contributing $250,000.
The city is not allowed to use public funds to cover the cost of hosting, and it’s aiming to raise some $20 million in all. Preparations are already rigorous, with police officers prohibited from requesting vacation for a 10-day period, Nov. 9 to 18.