Ten of California's largest foundations have agreed to a multi-million-dollar, multi-year investment in minority communities. The agreement was reached in response to pending legislation, sponsored by Assembly member Joe Coto that would have required foundations to disclose their ethic composition and document grants to minority organizations. A 2006 study by the Greenlining Institute showed only 3.6 percent of grant dollars from the nation's top 24 private foundations went to minority-led organizations. For more information, contact Mike Welch in Joe Coto's office at 9016 319-2023.