San Francisco Reaches Fundraising Goal for APEC Summit

San Francisco has successfully raised over $20 million for the upcoming Asian-Pacific Economic Cooperation (APEC) summit, which will be attended by world leaders and corporate executives, including U.S. President Joe Biden. The city was able to raise funds rapidly over the last month after appearing to be significantly short as late as August. The fundraising list includes a $500,000 donation from Bloomberg Philanthropies, a $4.6 million donation from Graton Casino, and contributions from other big tech companies such as Google and Apple.

Mayor London Breed announced the achievement on Friday, stating that “the San Francisco community has stepped up, like it always does.” The city’s leaders hope that the APEC summit will provide an opportunity to combat recurring negative narratives about San Francisco on the world stage. The international forum marks the largest convening of world leaders in San Francisco since the U.N. charter was signed in the city during the U.N. Conference of International Organizations in 1945.

San Francisco leaders hope the conference provides them an opportunity, on the world stage, to combat recurring doom loop narratives about the city. The fundraising goal was set at $20 million, and the city was able to surpass it, raising over $20 million. The city’s leaders are ready to put on a tremendous event, reminding the world that San Francisco is one of the world’s truly great cities.

The APEC summit will take place from November 12-18, and San Francisco is feverishly preparing for its biggest moment on the international stage since the United Nations was founded in the city in 1945. Mayor London Breed and other city officials are trying to make sure the city is safe, clean, and welcoming for the leaders of 21 nations who, in under two months, will join as many as 30,000 other people to descend on the city for a meeting of the Asia-Pacific Economic Cooperation.

The APEC CEO Summit 2023 will bring CEOs, entrepreneurs, thought leaders, and other stakeholders together with the most senior political leaders from the Asia-Pacific region for two days of robust dialogue on global opportunities and challenges that are shaping economic, environmental, and societal trends in the region. The Summit program focus of ‘Creating Economic Opportunity’ will feature a lineup of dynamic and diverse speakers who will highlight the potential of collaboration and fresh thinking to build the future through a focus on sustainability, inclusion, resilience, and innovation.