California Emerging Technology Fund

CETF entered into Memoranda of Understanding (MOU) with Internet Service Providers (ISPs) Frontier Communications, Inc. (2015) and Charter Communications, Inc. (2016) to implement public benefits as a result of corporate consolidations. In addition to supporting and monitoring fulfillment of the MOU public benefit obligations by these ISPs, CETF managed $3 million in charitable funds from Frontier to achieve new broadband adoptions by low-income households in their service areas. CETF also received $32.5million ($6.5 million per year) from Charter through 2021 to continue core mission organizational operations and support School2Home and other digital inclusion programs in their service areas. In 2019, CETF entered into a MOU with T-Mobile in conjunction with their acquisition of Sprint which became effective in April 2020 when the transaction was approved by the CPUC. CETF has received $35 million from T-Mobile ($7 million per year) through 2024 for core mission and to implement School2Home and digital inclusion programs in their statewide service area.

CETF was engaged by the City of San Jose through action by the City Council in February 2019 to manage approximately $24 million over 10 years for digital inclusion grants to non-profit communitybased organizations and public agencies. In February 2022, the City of San Jose revised its projection downward to approximately $8 million in digital inclusion grants. The CETF Board of Directors required a review of the contract with the City of San Jose after three years. The City of San Jose and CETF agreed to transition management of the program back to the city with a conclusion of the contract on September 30, 2023. CETF transferred remaining managed funds to the San Jose Public Library Foundation.