2009 | 2010
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Leadership
■
Community
■
Philanthropy
02
Jarett Levan President and CEO Bank Atlantic
BankAtlantic is proud to partner with The Miami Foundation, a leader in philanthropy, combining innovation and planned giving to make donating to good causes more effective - and more fun. It is an honor to be part of this report and to have the opportunity to congratulate The Miami Foundation for its outstanding work.
Throughout our 60-year history, BankAtlantic has remained committed to our local customers and involved in the South Florida community. With fifty locations in MiamiDade and Broward, we enjoy partnering with many great non-profit organizations, like The Miami Foundation. Together, we will create a
miamifoundation.org
better Miami and South Florida.
content 04 | 05 Year in Review 06 | 07 Message from the Chairmen and CEO
08 | 17 Leadership
12 | 13 Raúl Valdés Fauli 14 | 15 The Braive Initiative 16 | 17 Board of Trustees
18 | 31 Community 22 | 23 24 | 25 26 | 27 28 | 31
Close Up Mahogany Youth Robert Battle Community Grants
32 | 53 Philanthropy
annual report 2009 | 2010
36 | 37 Saldaña Family 38 | 39 Ethel Thompson 40 | 41 Greer Family 42 | 43 Your Custom Fund 44 | 45 Toby Muir 46 | 53 New Funds 54 | 67 Gifts 68 | 69 Staff 70 | 73 Financials
04
July | 2009 After 24 years of dedicated service, Ruth Shack retires as President – Javier Alberto Soto is selected as her successor
September | 2009 Invested $170,000 in 18 nonprofits that work each day to champion LGBT rights, provide support for gay youth and foster cultural events
November | 2009 Connect Familias, an initiative that connects families with needed services in the community, is recognized as a national model for excellence by the US Department of Health and Human Services
January | 2010 Welcomed the Bert and Mary Meyer Fund. The Meyers closed their private foundation to relinquish the administrative burden and still enjoy supporting a cause they care about forever
April | 2010 Honored Royal Caribbean Cruise Lines at the annual Leave a Legacy luncheon for their commitment to Haiti – before and since the earthquake and for choosing to partner with
miamifoundation.org
The Miami Foundation
in
05
June | 2010 Awarded one million dollars in grants from 114 donors who entrusted The Miami Foundation to address the most pressing issues in our communities
September | 2010 Celebrated the successful finish to The Braive Initiative – a five million dollar program that supported South Florida military personnel returning from deployment in Iraq and Afghanistan, and their families
November | 2010 Rebranded the organization as The Miami Foundation built on our core values of
review
annual report 2009 | 2010
Leadership, Community and Philanthropy
06
to our friends and partners in philanthropy
Miami is a place that is constantly transforming itself. And so it was, in the fall of 2010, we transformed ourself to The Miami Foundation. When we announced the new brand, we committed to always honor and celebrate the legacy of the Dade Community Foundation, the strong foundation on which we are built. Our new identity represents three things critical to Miami and to achieving our goal of building a greater place for all Miamians to live, work and play. They are leadership, community and philanthropy.
miamifoundation.org
Javier Alberto Soto | President and CEO Louis-Albert H Jolivert | Chairman 2011 John J Grundhauser | Chairman 2010
07
On leadership, the Foundation has a rich history – from the legacy of our President Emeritus Ruth Shack to our unique Miami Fellows program. The importance of leadership in our community will always be a central focus.
On community, the Foundation has a rich history of attracting national investors who bring additional capital to further our mission
to our new Engage Miami initiative that provides needed data which will guide our future grantmaking, advocacy and policy efforts. On philanthropy, the Foundation has a rich history of uniting philanthropists with a cause to make a collective difference to our new work providing research and support to our community’s many philanthropists. As you read this first report of The Miami Foundation, you will see stories that exemplify these three pillars from which we work. Among the pillars, there is a common thread binding them together, A Greater Miami. This means stronger ties to our community. Miamians give their time, talent and resources. This means effective nonprofits – nimble organizations that are able to respond to our ever-changing needs. This means prepared leadership where our future leaders have skills and commitment necessary to succeed. Finally, this means inspired philanthropy, in which our donors identify the change they want and see it through to fruition. The Greater Miami we envision guides our work. Over the coming months and years, you will see us take a larger role in building this community. We will advance issues we care about. We will build the next generation of leaders. We will develop a culture of philanthropy.
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We are proud to do this work and thankful to have friends and partners like you.
08 Do not follow where the path may lead. Go instead where there is no path and leave a trail.
miamifoundation.org
-Ralph Waldo Emerson
annual report 2009 | 2010
Leadership
010
in our history:
310 community served as Trustees on our Board
89 young
emerged to take a greater role in our Miami Fellows program
secured
$
miamifoundation.org
from national investors to deepen
011
leaders leaders
improving our community through
23,000,000 annual report 2009 | 2010
the impact of our work
012
“as citizens to
It is incumbent on us
miamifoundation.org
make what
013
Raúl Valdés-Fauli’s legacy will certainly include his tenure as President and CEO of Professional Bank. The larger legacy to which many will point is that of
Raúl was a member of the inaugural class of the Miami Fellows, an intensive leadership development program run by the Foundation.
giving back to Miami. Reflecting on his experience, he was thankful for how much he learned. “I had just moved back to Miami and Miami Fellows showed me how much I didn’t know,” Raul offers. “I learned how to get involved with local government and different groups in the community. It was very enlightening.”
“I had always been involved, Miami Fellows allowed me to see and understand different corners of our community and how I could make a difference.” Today, Raul attributes the Fellows experience to helping him stay rooted and invested in our community.
annual report 2009 | 2010
change we can.”
014
5 million
$ miamifoundation.org
helped these men and women and their loved ones
015
The wars in Afghanistan and Iraq have deeply impacted thousands of South Florida military personnel and their families. For these heroes and their families, a multitude of unmet needs arose from their deployment. We carefully invested $5 million in the work of nonprofits
Organizations were chosen that provide leadership and sustainable solutions in an effective manner.
that
directly
serve
our
military community. Grants
were
established
made
to
nonprofits
such as the American Red Cross of Greater Miami and
Fisher House. Plus, promising grassroots organizations, like Veterans Link Up, received needed financial support to provide help for service members, veterans and families. As The Braive Initiative closes in 2011, we continue to work with our Fundholders and community partners whose charitable interests include providing for the
annual report 2009 | 2010
health and well-being of our heroes and their families.
miamifoundation.org
016
310 community served as Trustees on our Board
in our history
017
Louis-Albert H Jolivert | Chairman | Senior Director | BNY Mellon Wealth Management Liebe Gadinsky | Vice-Chair and Chair of the Program Committee | Civic Leader Alex Fraser | Treasurer and Chair of the Finance Committee | President | Smart Merchant Processing
Penny S Shaffer | Board Secretary | Market President South Florida | Blue Cross and Blue Shield of Florida Michael A Marquez | Development Committee Chair | Managing Director, Senior Resident Officer | Bessemer Trust
Raul L Rodriguez, AIA | Governance Committee Chair | President | Rodriguez & Quiroga Architects Maria C Alonso | Senior Vice President | Miami-Dade/Monroe County Market Manager for Corporate Social Responsibility | Bank of America
Marta F Anido, CPA | Of Counsel | Morrison Brown Argiz & Farra LLP
Sergio Bendixen | Founder & Principal | Bendixen & Amandi
Mitchell A Bierman, Esq | Weiss Serota Helfman Pastoriza Cole & Boniske, PL
Ana Lopez-Blazquez | Chief Strategic Officer | Baptist Health South Florida CEO | Baptist Health Enterprises
Pablo Cejas | Chairman and CEO | Ascendant Commercial Insurance Robert C Gilbert, Esq | Of Counsel | Grossman Roth, PA Divina Grossman, PhD | Vice President for Engagement | Florida International University Marlon A Hill, Esq | Founding Partner | delancyhill, PA Juan Martinez | Vice President/CFO and Treasurer | John S and James L Knight Foundation
David P Samson | President | Florida Marlins
Richard E Schatz, Esq | Managing Partner | Stearns Weaver Miller Weissler Alhadeff & Sitterson, PA
Bruce Turkel | CEO/ECD | Turkel
leaders
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Jose Vilarello | Regional Director | The Continental Group
018
The real citadel of strength of any community is in the hearts and minds and desires of those who dwell there.
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-US Senator Everett Dirksen co-author of The Civil Rights Act
annual report 2009 | 2010
019
019
Community
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15,000, 500,00 40,000, 139,00
000 0 000 0,000
to 849 organizations in 2010
largest grant in 2010
awarded in the last three years alone
annual report 2009 | 2010
awarded in our history
022
young leaders miamifoundation.org
learn the importance of being part of a democracy
Some of our newest citizens got an insider’s look at the Capitol with US Representative Ileana Ros-Lehtinen, thanks to a $7,500 grant from the James W & Essie Barfield Fund at The Miami Foundation.
023 023
Do you remember the first time you flew on a plane? Do you know what it’s like to walk the halls of Congress? Can you imagine having all of Washington DC as your classroom?
That’s what happened to eleven Miami high schoolers last summer. These
aren’t
just
any
young adults either. Most of the students come from
families who recently immigrated to the United States. They were chosen because of the leadership they show in school. The week they spent living and learning together, as part of the Close Up Fellowship program with students from schools nationwide, is one that will not soon be forgotten. Today, a cadre of young leaders have seen our country’s history come alive, gotten an insider’s view of our nation’s capital and more importantly know the importance of being a part of the democracy that brought them to our
annual report 2009 | 2010
country in the first place.
024
2 940 youth miamifoundation.org
,
Young boys anxiously await a bite on their line while fishing off Rickenbacker Causeway. Fishing trips like this one are possible in part thanks to a $10,000 grant from the John M & Dina K Marks Fund at The Miami Foundation.
025 025
It is much more than fishing that kids at Mahogany Youth learn. Founder Robert O’Bryant tells, “Those kids that are surrounded by negative influences – that was me. I was one of them.” In his youth, Robert was able to find positive role models and make his way through school, becoming a substance abuse counselor. On weekends, he routinely found himself taking the men he helped fishing. It soon turned into a family affair, with the men bringing their children along.
“Today, I am in a position to give hope to kids who have none.”
Now, 20 years later, Mahogany Youth, the organization he founded with his wife, Kathleen, takes close to 3,000 kids fishing each year. They’ve shown that positive role models in a contemplative environment expand the horizons of the children. Physically and figuratively.
“For many of them, it’s the first time they have seen the ocean,” Kathleen shares. For all of them, they understand that there are people who care, who can point
served last year alone
annual report 2009 | 2010
you in the right direction and that possibilities can be as endless as the ocean.
026
“When you learn,
miamifoundation.org
you teach
and when you
For the last two years, The Miami Foundation has invested more than $50,000 in arts and culture to provide children across Miami the opportunity to see world-class performances.
027
“It was in that moment that I knew I belonged. I was in an element that was larger than myself.”
These are the words Robert Battle
carefully
chooses
when he tells of seeing the Alvin Ailey Dance Theater for the first time.
Seeing your first world-class performance, hearing your first symphony and witnessing your first master work of art, embeds memories that last a lifetime. For some, like Robert Battle, these experiences are transformative. It was a school field trip from his Liberty City middle school to the Jackie Gleason Theater on Miami Beach that provided Robert with an indelible memory. The performance was Alvin Ailey’s signature piece, Revelations, which tells the story of faith and tenacity from slavery to freedom. Transformative because today, Robert is the new – and only third ever – Artistic Director of the renowned Ailey dance company. He carries the lessons of his Liberty City upbringing with him, “When you learn, you teach and when you get, you give.”
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get, you give.”
028
12,496,000
$
Following are a few of the grants awarded by The Miami Foundation in 2010. This sampling is designed to give you a flavor for the depth and breadth of our work. The recipient organization is listed, a brief description of the program, followed by the name of one of the custom, charitable Funds that contributed to the grant.
$5,000 | Actor’s Playhouse gave the opportunity for high school students to see a Broadway production of the acclaimed musical Miss Saigon Fred H & Marian Billups Fund
$10,000 | PanZOu Project helped young adults receive necessary job training to make them competitive in the workplace John M & Diana K Marks Fund
$30,000 | Breakthrough Miami helped high school students, who attend school in some of Miami’s poorest neighborhoods, prepare for college Edward Claire Joy Mendel Memorial
$68,000 | Amigos for Kids prevented child abuse and promoted safety in Miami’s Little Havana neighborhood Denise Moon Memorial Fund
miamifoundation.org
$8,000 | WPBT Channel 2 provided teachers with tools and techniques to incorporate from the Kid Vision programs into their pre-kindergarten classrooms Hank Klein and Lisa Sloat Fund
grants 849
029
awarded
organizations served
in 2010
$27,000 | Teach for America placed creative, dedicated, first-year teachers in Miami-Dade’s urban schools Molly C Hector Memorial Fund
$3,000 | StoryCorps created legacies of Miami-Dade residents as they shared their personal stories about our community John S and James L Knight Fund
$25,000 | PrideLines Youth Services helped LGBT middle and high school students deal with peer pressure GLBT Projects Fund
$16,000 | New World Symphony allowed Miami residents and visitors to see a symphony performance for free at the state-of-the-art building on Miami Beach Keith and Renata Ward Family Fund
$53,000 | North Miami Foundation for Senior Citizen Services
annual report 2009 | 2010
fed senior citizens across the community, who cannot afford to buy healthy and nutritious meals The Miami Herald Fund
030
139,000,000
$
more than 1,000 Miami philanthropists have partnered with us to make their giving more strategic and have a greater impact since 1967
$22,500 | Miami Art Museum ensured that residents and visitors in Miami-Dade County can see world-class exhibits of fine art in our community Leila Lampert Fund
$75,000 | Legal Services of Greater Miami helped military members and their families secure services and helped with myriad legal issues that arose from their deployment overseas Iraq Afghanistan Deployment Impact Fund
$8,000 | Humane Society of Greater Miami
miamifoundation.org
spayed and neutered animals that were rescued to ready them for adoption by families Bonnie Lerner Fund
$45,000 | Casa Valentina allowed kids who turn 18, and age out of the foster care system, to get help finishing school, find jobs and a home to call their own DadeFund
031
in grants
awarded in our history
$10,000 | The Miami Foundation helped The Miami Foundation launch a project to increase levels of civic engagement in Miami-Dade Greenspan Charitable Foundation Fund
$8,000 | Community Partnership for the Homeless allowed homeless people to have a safe place to stay, a warm meal and to be connected to needed services Gerri and Roger Soman Charitable Fund
$22,000 | Shake-A-Leg
visit us at miamifoundation.org/grants to see a list of all 777 grants awarded in 2010
annual report 2009 | 2010
gave kids with physical disabilities the chance to sail on Biscayne Bay Morena De Mantilla Fund
032
We make a living by what we get, we make a life by what we give.
miamifoundation.org
-Winston Churchill
annual report 2009 | 2010
033
Philanthropy
034
25,851, $ 228,4 94
$
miamifoundation.org
new Funds opened in 2009 - 2010
035
517 24
total gifts in 2010
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average Fund size
036
family miamifoundation.org
passion for Miami Rafo and Diana SaldaĂąa worked for 16 years to move their family to Miami. This is the “magical placeâ€? he visited his abuelitos as a boy. In 2008, their journey was complete and they are here to stay.
037
Rafael Saldaña loves Miami, his adopted hometown. As President and CEO of Banesco USA in Coral Gables and a proud father of four boys, Rafo, as he’s known to his friends, works each and every day to make a difference in our community. This year, he and his wife, Diana, were looking for a way to make their philanthropy more strategic and effective. They considered starting a private foundation, they chose instead to partner with The Miami Foundation. The Saldaña Family Fund that they established at The Miami Foundation has all the exclusivity and sophistication of a private foundation with greater benefits. Our team of personal philanthropic advisors identify programs that match the Saldañas’ interests and develop a grant strategy that makes a difference.
annual report 2009 | 2010
“Working with The Miami Foundation was an easy decision for us. They handle all the administrative work and we get to focus on the fun of philanthropy.”
038
legacy miamifoundation.org
that makes a difference every day
Though she has been gone since 1999, Ethel Thompson’s legacy ensures that this amazing program run by the I Have A Dream Foundation received a grant for $10,000.
039
The attention span of a fifth grader can be short at best. Combine that with the need for school clothes, supplies, backpacks and even food, the odds of doing well in school quickly stack up against you.
Kids at a school in one of Miami’s poorest neighborhoods are defying those odds. The entire class of fifth graders each have their own mentor,
tutors
available to help them before and after school, new school clothes and supplies, and free academic summer camp. All thanks to the I Have A Dream Foundation.
Ethel Thompson was looking for a way to honor her marriage and give back to the community that she loved. With these two things clearly in mind, Ethel discussed the idea with her long-time attorney, Ernest Hewett. He suggested that she use her estate to create a custom, charitable Fund at The Miami Foundation. With a simple provision in her will, the Ethel and WR Thompson Fund was created. She placed her assets and trust in The Miami Foundation. Today, we identify programs, like the I Have A Dream Foundation, that address Miami’s most pressing issues and award grants
annual report 2009 | 2010
in their name. We will continue to do so...forever.
040
“Philanthropy miamifoundation.org
was always an important aspect of
Matthew, Rachel and Laura Greer will all advise the Greer Family Fund someday. Rachel says, “My mom and dad taught us from the youngest ages the importance of giving back. It’s a value that I intend to pass on to my children and hopefully they to theirs.”
041
As parents, you hope many things for your children. You hope that they grow to live healthy and happy lives.
You hope they grow to be kind, respectful and caring citizens. You hope that they inherit your values. Matthew, Rachel and Laura, the adult children of Evelyn and Bruce Greer, have done all of that – and more.
“Philanthropy was always an important aspect of our family life; our children saw us do more than talk about helping, they saw us contribute our time, our skills, and our financial resources to the charities about which we felt passionately. This family value of giving became a natural and expected part of everyone’s life,” offers Evelyn. “When we realized we wanted to step up our level of giving, and preserve this value for our children and grandchildren, we chose The Miami Foundation,” Evelyn continues. “The Greer Family Fund at The Miami Foundation allows us to direct our philanthropy today and also creates an easy and seamless vehicle to allow our children and grandchildren to continue to be charitable in our family name tomorrow.”
annual report 2009 | 2010
our family life.”
042
whether you want to teach
children protect our
to read
oceans
feedarts
the less fortunate
foster the
research
support cutting-edge
anything you would like to achieve anytime you like
miamifoundation.org
in Miami or anywhere in the world
we can help
043
whywork with us?
your custom Fund
We offer custom, charitable solutions for each individual donor that enable you to give today or tomorrow through your estate. When you partner with The Miami Foundation you receive benefits not offered anywhere else.
annual report 2009 | 2010
Since 1967, The Miami Foundation has helped hundreds of individuals, families and businesses create personal, permanent and powerful legacies by establishing custom, charitable Funds. They choose us because we ask the larger questions about what they want to achieve with their life, their assets and their legacy. They choose us because we provide civic leadership that brings people together to tackle issues of concern in our community. They choose us because we leverage collective knowledge, creativity and resources for a deeper impact. And they choose us because we make philanthropy easier and more fun.
044
perfect partners
miamifoundation.org
Toby Muir | Dunwody White and Landon, PA
045
Attorneys, wealth managers and financial planners often choose The Miami Foundation as a solution for their clients. These professional advisors do this for a variety of reasons including our flexibility, expert staff and outstanding customer service. “The partnership between my clients and the Foundation is mutually beneficial,” offers Toby Muir, an estate planning, trust and probate lawyer at Dunwody White and Landon, PA. “Our team of philanthropic experts develops a custom, charitable Fund based on each individual’s goals and needs. We have the ability to accept complicated
assets, offer more favorable tax deductions and with Funds of a certain size your client can choose their own investment manager,” said Javier Alberto Soto, president and CEO of The Miami Foundation. “For most donors, The Miami Foundation is a
better choice than a private
foundation” Muir adds, “The staff handles the administration and my clients
annual report 2009 | 2010
enjoy the philanthropy without the worries of management.”
046
new Funds 2009 | 2010
4:13 Foundation Aventura Hospital Community Health Fund Aventura Marketing Council Education Fund Bas Fisher Invitational Fund Louis Belasquida Memorial Fund The Bess Route Foundation The Betsy-South Beach Community Fund Richard Bower Miami Beach Education Fund Ruth Campbell Fund for the Historic Homestead Townhall Museum Centennial Celebration Fund Chambersouth’s Community Service Fund David da Silva Cornell Fund Dawntown Miami Fund The Dreamers Fund The DSAF Endowment Fund Elevate Miami Fund Sara and Eloys George Leadership Scholarship Fund Gerald and Jeanette Gioia Foundation Fund The Good Government Initiative Fund Eglantine Melita Gordon Memorial Fund Grassroots Grantmakers Fund Laura Greer Fund Matthew Greer Fund John J Grundhauser and Lois Weismantle Fund Martin Hamburger Fund Health Information Project Fund miamifoundation.org
Hispanic Food and Beverage Foundation Scholarship Fund Home Strong Fund Clyde W. Judson Jr. Memorial Scholarship Fund Knight Community Information Needs Challenge Fund
047 Caroline Lampen Fund Little Havana Partnership - Annie E Casey Foundation Fund Lockwood / Shake-A-Leg Fund Ted Lucas Foundation Fund Kathy Kramer-Martin Fund Ginny McDougal Memorial Fund Bert and Mary Meyer Foundation Fund Miami Beach Cultural Preservation Miami Beach International Animation Miami Fisher House Fund Miami Poster Project Fund The Miami HEAT Scholarship Fund Harvey Milk Foundation [NAME] Publications Fund Damian Matthew and Rachel Greer Narvaez Fund The Next Level of Hope Overtown Music Project Fund Pancake 3 Fund POPtv nonradioMusic Fund Private Regional Education Program Miami Fund Redland Pioneer Tours Fund Mary Beth Renick Memorial Fund Mark David Ross Fund Katherine Fernandez-Rundle Fund Sails for Sustanance Fund The Saldaña Family Foundation Sankofa: The Ghana Children’s Charitable Fund Ron Sequeiros Foundation Fund South Florida Food Allergy Support Network Fund Representative Richard L Steinberg Fund TADA / SADA Fund Team Tomorrow Fund Twenty Twenty Projects Fund The Dr Chatherine Willis Education Foundation The Sara Woodruff Foundation The Urban Green Works Fund US Southcom Fund Youth Lead Fund
for a complete list of our Funds visit us online at miamifoundation.org/Funds
annual report 2009 | 2010
The William Stewart Fund
048
2010 new Funds
Dr. George Willis established the Dr. Catherine T Willis Education Foundation Fund to honor the memory of his wife, Cathy, a physician who spent her life teaching and caring for others. The Fund continues Cathy’s work. George chose a custom, charitable Fund at The Miami Foundation because it allowed him to focus on Cathy’s legacy rather than on the complicated administration of a private foundation. Today the Fund supports the education of highly qualified, caring physicians who provide continuous, comprehensive patient-centered care, which is exactly what Cathy did.
the
miamifoundation.org
Dr. Catherine T Willis Education
Foundation
Fund
annual report 2009 | 2010
049
050
2010 new Funds
Emily Martinez-Lanza was a student at Gulliver Preparatory, she spent these years raising money for the group she started, Teens Against Domestic Abuse. She knew that she was soon headed to Harvard University for college. Emily established her custom, charitable Fund so that The Miami Foundation would manage and invest the money and accept new donations she raises while pursuing her degree. Emily’s TADA/SADA Fund allows her to assist victims of domestic violence and raise awareness of this important issue.
the
TADA/SADA
miamifoundation.org
Fund
annual report 2009 | 2010
051
052
2010 new Funds
The Sarah H Woodruff Foundation opened a custom, charitable Fund at The Miami Foundation thanks to timely advice from advisors at Northern Trust. Pursuant to federal law, private foundations must spend five percent of their assets annually. The Woodruff trustees are designing a new grant strategy. By using their five percent pay-out to open a Fund, they can now take their time in developing the strategy, meet IRS requirements and make grants anonymously.
the miamifoundation.org
Sarah H
Woodruff Foundation Fund
annual report 2009 | 2010
053
054
$5,000,000+
$100,000 - $499,999
Bert and Mary Meyer Foundation
American International Group The Annie E Casey Foundation The Batchelor Foundation
$1,000,000 - $4,999,999
Battle Creek Community Foundation
The Children’s Trust
Blue Cross Blue Shield of Florida /
John S and James L Knight Foundation
Health Options
United Way of Miami-Dade
Carnival Cruise Lines The Community Foundation Constance Dundas Foundation
$750,000 - $999,999 Anonymous Community Blood Centers of South Florida Lockwood Charitable Foundation
Richard D Fain Florida Sports Foundation Estate of Jeanette Gioia Matthew S Greer Jackson Memorial Foundation W K Kellogg Foundation MDHA Development Corporation
$500,000 - $749,999
Miami-Dade County, Florida The Miami Heat
The Home Depot Foundation
National Gay and Lesbian
Micky & Madeleine Arison
Task Force Foundation
Family Foundation
Royal Caribbean Cruises Sabadell United Bank Estate of Mary Jean Waldberg The William R Watts Foundation
miamifoundation.org
gifts to Richard Fain
donor since 1998
055
$50,000 - $99,999 Churchill Downs Cobb Family Foundation Colgate Darden Credit Suisse Randolph Gumenick Richard J Lampen Miami Beach Visitor & Convention Authority Karen Lynn Trust Dwayne Wade Mitchell Wolfson, Sr Foundation Wynwood Artists Lofts
Margaret Ahnert donor since 2003
Margaret Ahnert
$10,000 - $24,999
Robert & Francyn Berrin
Akerman Senterfitt
City of Miami Beach
Porter Anderson Jr
The Continental Group
Joel Anthony
The Ethel & W George Kennedy
Michael A & JoAnne Bander
Family Foundation
Baptist Health South Florida
Florida International
William Bikoff
Bankers Association
Chris Bosh
Ginny McDougal Memorial Fund
Peter C Brockway
Funds
2009 | 2010
Miccosukee Indian Gaming
Caja Madrid Miami Agency
P G Biscuit
Mario Chalmers
Publix Super Markets
Chasen Family Foundation
The Research Corporation
Community Foundation of Broward
of the University of Hawaii
CTH Asesores Inmobiliarios Sa De CV
State Attorney Katherine Fernandez
Dade Schools Athletic Foundation
Rundle Campaign
Joseph T Derry
Rafael F & Diana Salda単a
John Devaney
Team Tomorrow
Downtown Development Authority
Robert F & Julie S Williamson
of the City of Miami
annual report 2009 | 2010
$25,000 - $49,999
056
gifts to Funds 2009 | 2010
Mark & Kristina Pickard C C Reed Campaign Harry A Robinson Foundation School Board of Miami-Dade County Muriel F Siebert Foundation The Skillman Foundation Sobe Miami LLC Palace Squire, Sanders & Dempsey Stearns Weaver Miller Weissler
Drs Jack & Gloria Tuckfield
Alhadeff & Sitterson
since they established their Fund in 1997, the Tuckfields have sent more than 3,000 South Florida students to business school.
Representative Richard L
Sadly, Jack passed in 2011.
Craig R & Lori Sutherland
Steinberg Campaign TIX
$10,000 - $24,999 The Educational Foundation of America Elleen McCaughan Memorial Scholarship Fund Alan H Fein Florida Marlins Community Foundation Phillip & Judith L George Gibson Foundation
Drs Jack & Gloria S Tuckfield Tuckfield Enterprises University of South Florida Wachovia Corporation Nancy C Wear Williams Group George E Willis Sara H Woodruff Foundation
miamifoundation.org
Greater Miami Jewish Federation Gulliver Schools
$5,000 - $9,999
Udonis Haslem
Tod Aronovitz
Lawrence R Hyer
The ASCAP Foundation
Zydrunas Ilguaskas
Banesco USA
Lebron James Family Foundation
Bank of America
Jorge L & Marile Lopez
Sue A Banks
Ted Lucas
Michael Beasley
Jamal Magloire
The Boston Foundation
Kathy Kramer-Martin
The California Endowment
Commissioner Joe A Martinez
Carlisle Development Group
Campaign
Catholic Community Foundation
The Miami Dolphins
City of Miami
Danne Montague-King
Coral Gables Community Foundation
Alonzo Mourning
J F Davis
Nova Southeastern University
The Denver Foundation
Tom Olafson
Dolphin Stadium Foundation
057 Eddie House
Allstate Giving Campaign
First Florida Building Corporation
Almyer
Firstsource Financial Solutions
John R & Kimberly Anzivino
Ralph & Hannah Flanagan
Arthur J Gallagher & Co
FPL
Aqua Foundation for Women
Seth and Liebe Gadinsky
Aran Correa Guarch & Shapiro
Heather E Garson
Arena Advertising
Giving Back Fund
Aronovitz Law
Michael B & Susan Goldberg
ArtCenter / South Florida
Greater Miami Convention
Mario J Artecona
& Visitors Bureau
Astigarraga Davis
Greenberg Traurig
Anthony D Atwood
Here We Go
Auburn Development
Juwan Howard
Avila Rodriguez Hernandez
Leesfield Family Charitable Foundation
Mena & Ferri
Macy’s Corporate Services
AvMed
Macy’s Florida Stores
The Baker Brook Foundation
Alfredo R Mesa
Baker Concrete Construction
Miami Children’s Hospital Foundation
The Bank of New York Mellon
Miami Shores Mayor’s
The Bank of New York Trust
Community Task Force
Bar 721
The Milk Party LA
Beach Towing
Mike Miller
Steven P Befera
National Basketball Association
Berger Singerman
National Equity Fund
Emily Berlin
Reznick Group
Berman Rennert Vogel & Mandler
Quentin Richardson
Davone A Bess
San Francisco Pride
Bilzin Sumberg Baena Price & Axelrod
Martin E Segal
The Biondo Law Firm
Rose Segal Sobe Lincoln Road Holdings South Florida Stadium Corporation Erik Spoelstra Tate Enterprises Two By Two US Benefits Group Ver Ploeg & Lumpkin
$1,000 - $4,999 215 Group Law Offices of William Aaron Affiliated Healthcare Center Sheldon T & Florence Anderson
Erik Spoelstra donor since 2009
annual report 2009 | 2010
Dorell Wright
058
$1,000 - $4,999 Bioscrip & Subsidiaries
Comcast Financial Agency Corporation
BJ & K Construction
Community Bank of Florida
Law Office of Donna R Blaustein
The Community Foundation
Beth F Bloom
for Greater Atlanta
Bloom, Gettis, Habib & Terrone
Compass Home Health Care
Thomas A Blount
Constructively Speaking
Boies, Schiller & Flexner
Abadin Cook
Ronald Book
Eduardo Cosio
Boucher Brothers Management
Cuban-Hebrew Congregation of Miami
Eric Brakken
Cytosport
Ray E Breslin & Patrick J Pecoraro
Dade County Youth Fair & Exposition
Broad & Cassel
Daequan Cook
Philip Brooker
Steven W & Laurie K Davis
Michael C Broyard
Vivian A Decker
Coffey Burlington
Donald J Deutsch
Business Wire
Deutsch & Blumberg
Camacol Tower
Yakhouba Diawara
Camillus House
Michael Diaz Jr Attorney at Law
Carlton Fields
Duany Plater-Zyberk & Company
Willie Carpenter
Richard M Dunn
Rafael A Carvajal
Dunwody White & Landon
Pilar B Carvajal
The Education Fund
Ramon & Alicia Casas
Law Offices of Elser & Foster-Morales
William Castellano
Emerald Kingdom
James Catania
Esperanto
Nancy B Cebek
Ronald E Esserman
Paul Cejas
Fairchild Tropical Garden
Centerplate
Joseph Falk
Almario V Chalmers
Lee B Farkas
Chaplin Family Foundation
Fast Trans
Chase Marketing Group
Helen H Feinberg
Jerry S Chasen Cherokee Preservation Foundation Citigroup Richard P Cole
miamifoundation.org
Cole, Scott & Kissane
Richard P Cole donor since 1987
059
gifts to Funds 2009 | 2010
The Ferraro Law Firm Fiduciary Trust Company International Filipino American Association of Florida Robert J & Karin K Finlay Robert J Fiore Bruce Fishbein Dianne C Fisher Five Brothers Produce Florida Hispanic Foundation Florida International University Florida Memorial University Foundation Phyllis Foster
Porter Anderson
Frame It Now
donor since 1996
Judge Gill S Freeman Campaign Friends of Miami Dade Public Library
Halifax
Sheldon Fromson
Hall, Lamb & Hall
Russell W Galbut
Halo Lounge
Gamba & Lombana
Michael A Hanzman
Gatehouse Group
Amanda Hauser
Caroline E Gaynor
Hazen & Sawyer
Avi Geiger
Health Foundation South Florida
Gibraltar Private Bank & Trust
Benjamin E Hein
Globetec Construction
Elizabeth M Hernandez
Darren T Gluck
Law Office of Joshua J Hertz
Goldman Sachs
Higer Lichter & Givner
William H Gordon
Hightower & Partners
Kenneth T Gorin
Isaac & Lourdes M Hilliard
Grace Jackson
Historical Association of South Florida
GrayRobinson
Hogan Lovells US
Grossman & Roth
Hogan & Hartson
Stuart Z Grossman
Holland & Knight
John J Grundhauser & Lois Westmantle
Bill Hoppe
Edward G Guedes
Hudson Housing Capital
Tony J Guidry
The Human Rights Alliance
Gulden Private Foundation
Humane Society of Greater Miami
Michael B Guss
Humboldt Area Foundation
The Haggard Law Firm
Hunton & Williams
Hair By Denise
Rodrick L Hurt
annual report 2009 | 2010
Freidin & Dobrinsky
060
$1,000 - $4,999
Law Offices of Richard L Lapidus
Ilias
Michael Larkin
The Imperial Court De San Diego
Leesfield & Partners
Imperial Royal Sovereign Court
Bruce H Lehr
of the Desert Empire
Roland Sanchez-Medina Jr
Richard B Jackson
Marvin & Isabel Leibowitz
Jacobs Center for Neighborhood
Yesenia Leon
Innovation
Levine Kellogg Lehman
Bland Jensen
Schneider & Grossman
Matthew Jewell
John Lowell Jr
Jewish Communal Fund
Lydian Private Bank
James Jones
John Marini
Josephs Jack
Markstein Beverage
Katz, Barron, Squitero, Faust
Markowitz, Davis, Ringel & Trusty
Kaufman Rossin & Co
Martin Hamburger Trust
Imad W Kemp
Marvin & Eleanor Goodman Foundation
Key Biscayne Community Foundation
Donald W & Luanna Marx
Kluger, Kaplan, Silverman,
Bruce C Matheson
Katzen & Levine
Normando Matos
KM/Plaza
Glen Matthews
Charles N & Eleanor Knight Leigh
MayfieldGentry Realty Advisors
Foundation
J N McArthur Foundation
Kozyak Tropin Throckmorton
McGrane, Nosich & Ganz
A Eugene Kubicki
McLuskey & McDonald
Jeffrey Kusch
MCM Engineers & General Contractors
Kutner, Rubinoff & Moss
Eston E Melton
Landmark Development
Daryl Merl
gifts to Funds miamifoundation.org
2009 | 2010
Richard Milstein & Eric Hankin donors since 1998
Robert J Merlin
Pinnacle Housing Group
Lewis J Mertz
The Planned Giving Council
Lewis J Mertz Jr
of Dade County
Miami Art Museum
Podhurst Orseck
Miami Beach Police Athletic League
Eric Poms
Miami Beach Bar Association
Susan Potter Norton
Miami-Dade Clerk
Precision Translating Services
Miami-Dade Gay & Lesbian
Presidente USA
Chamber of Commerce
Stanley B Price
Miami-Dade Justice Association
The Produce Connection
Miami Rescue Mission
Michael J Ramires
Miccosukee Tribe of Indians of Florida
C Carl and Toni Randolph
Marilyn Milian
RBC Bank
Audrey Milk
RBC Capital Markets Corporation
Richard C Milstein & Eric J Hankin
RBC Wealth Management
David B Mishael
Rachel J Reeves
Jovan Mitrovic
Regions Bank
Moore Family Foundation
Regions Morgan Keegan Trust
Manuel R Morales Jr
Barbara J Reisberg
Morgan Keegan & Company
Marlene S Reiss
The Moriah Fund
Reliance Housing Foundation
Morris Family Foundation
Revenue Club
Ruth Mott Foundation
Oscar O Rey
Mounted Memories
Richman Affordable Housing
Babak Movahedi
Richman Greer Professional Association
The Murray Law Firm
V R Robinson
Kenny Nachwalter
Christopher F Roden
Nalith
Law Offices of Victor K. Rones
Needle & Ellenberg
Cal B Rosenbaum
The New Miami Shores Plumbing
William E Rosenberg Foundation
New Moon
Susan and Stanley Rosenblatt
The Northern Trust Company
Family Foundation
Ocean Drive Improvement Association
Mark D Ross
Office Depot Foundation
Lauri Waldman Ross
Ogilvy & Mather
Ross & Girten
Opus Art Studios
Rossman, Baumberger, Reboso,
John Page
Spier & Connolly
Rhus S & Susan L Palumbo
Roth & Scholl
Panter & Panter
Herman J Russomanno
Law Offices of Robert L Parks
Harvey Ruvin
William Partlow
S & L Beans
Performance Food Group
Rajkumar G Sabnani
Perry Ellis International
Donald J Sackrider
annual report 2009 | 2010
061
062
gifts to Funds Joel D Stedman
2009 | 2010
Stonewall Community Foundation Kenneth I Stowe Arch A & Laura J Sturaitis Suite 1300 Services Sandra S Sullivan SunTrust Banks Leslie J Swanson Harcourt M & Virginia W Sylvester Foundation Symphonettes
Brian McDonough, Esq donor since 2004
TD Bank Tere Canida John W & Melinda S Thornton The Thurston Group Wallis H Tinnie
$1,000 - $4,999 Sage Partners Adriana Sanchez Sandra Gulden & Leon J Goldberger Samuel D and Elizabeth A Schulman Kenneth & Valerie Schurr Robert N Scola Jr The Seattle Foundation John S Seligman The Self Family Foundation James J & Miriam Sensale Joseph H Serota Detra P Shaw-Wilder Law Offices Shook, Hardy & Bacon Shook, Hardy & Bacon The Shore Club Shubin & Bass Shutts & Bowen
miamifoundation.org
Francisco & Joanne Silva David S da Silva Cornell Neal R Sonnett Source Events Sparkle Service
Gene S Tinnie Andrew Tobias Steven A Tobin Togmiami Richard Trainor Tropic Supply United Group Underwriters University of Miami Charles D Urstadt US Army Jerry F and Rhonda J Utecht George L & Kathleen C Vergara Voices for Children Foundation Walmart Washington Jal Gary L Wasserman The Raymond John Wean Foundation Robert Wennett White & Case Mitchell E & Alicia R Widom Israel, Rose, Henry & Robert Wiener Charitable Foundation Rosemary B Wilder Richard L Williams
063 The Winston-Salem Foundation
Buckner, Shifrin, Rice & Etter
Rubin & Gladys Wollowick Foundation
Jackie C Butler
Wolpe, Leibowitz, Alvarez & Fernandez
Robert A Butterworth
Women’s Fellowship of Plymouth
California Community Foundation
Congregational Church
Katherine Carmichael
Women’s Fund of Miami-Dade
Maria Carrerou
Luis Wong
Erik G Cavanagh
Jerome A Yavitz Charitable Foundation
Denise A Chamorro
Burton Young
Joann Clark
Estrella Zambrano
Lucille M Clum
Zapata Consulting
Coconut Grove Ministerial Alliance
Alex E Zeledon
Jerald N & Faye E Cohn Pedro A Cofino
Abacus Bookkeeping Solutions Zascha B Abbott Manuel Aguilar Agustin & Rosiel Herran Allegheny Franciscan Ministries Allstar Insurance Agency David Alschuler Altos Del Mar Angel I & Pamela A Alvarez Meagan Amaral Dr Herbert & Marcia D Applebaum Arahull Services Willis Chip Arndt Art By Golden / Golden Galleries Robert L Balsam Barry University Alan H Beck Douglas Bedell Dennis W Bellehumeur Law Offices of Ben-Ezra & Katz Morty & Carole Benowitz Freda Bentz Bercow Radell & Fernandez Berk, Merchant & Sims Roslyn K. Berrin Scott Bessent Lettie J Bien Mayor Matilde Bower Campaign Herman M & Hollis Bruckner Bryant Miller Olive
Community Foundation for Monterey County The Community Foundation of Greater Greensboro Community Planning & Research Cuban American Bar Association Culter Vista Preservation Cutler Hammock Preservation Damian & Valori Daniels & Kashtan DCSS The Robert N DeBenedictis Foundation Andrew Delaplaine Debra Bernhardt Revocable Trust Michael Diaz Jr Robert B & Michelle S Diener Benjamin F Dillingham III Trust Douglas J Dingwall Alan H & Susan B Dombrowsky Dyer-Ives Foundation Arthur J & Deborah England Equinox Executive Printers of Florida Falk, Waas, Hernandez, Cortina, Solomon & Bonner Joseph P Farina Alex V Fernandez Daniel A Finkle Florida Association for Women Lawyers, Miami-Dade Chapter Jorge L Forment
annual report 2009 | 2010
$500 - $999
064
miamifoundation.org
$500 - $999
Infrasource Underground
Roberta J Forrest
Construction Services
David H & Roberta Frank
Virginia Jacko
Anaysa Gallardo
Jacobs Family Foundation
Steven Gretenstein
Jamaica Tourist Board
Gene & Elaine A Glasser
Judson Architecture
GM Enterprises
Joseph & Vera Zilber
Gustavo G & Virigina Godoy
Family Foundation
Robert J & Elaine M Goll
Kamp-Mor
Andrea Gollin
Michael Katz
Michael Gongora
Kiehl’s Since 1851
Grand Victoria Foundation
Mark & Michele A Kreitman
Granda Entertainment
The Kresge Foundation
N Dwayne & M Lynette Gray
Krinzman, Huss & Lubetsky
The Greater Cedar Rapids
Kutak Rock
Community Foundation
Laurence Lassiter
Anne W Green
Le Batard Enterprises
Rhea P Grossman
Bernard Lee
Hagedorn Foundation
Legal Services of Greater Miami
Hainlin Mills Apartment Association
Leomar Miami
Robertson L & Jeannette H Handler
Lee H & Shara Levy
Lilian L Hardy
Jay M Levy
James W & Kathy B Harris
Robert B & Judy W Levy
Council Member Nancy Harter
Liebler, Gonzalez & Portuondo
Campaign
William Looper
Lisa W Healey
Louis D’Amico Online
Healthy Start Coalition of Miami-Dade
John Lowell
Herbert & Janice Spahn
Jefferie S & Carmela Ludwick
Michael Hernandez
A S & Joy S Lundeen
Hickey Law Firm
Lydecker Diaz
Mark A Hoch
J F & Joy V Malakoff
Dennis Holding
Lois A Mamula
Robert Holland
Mark Steinberg & Dennis
Herta D Holly
Edwards Foundation
Homestead III Association
William C & Michelle Marshall
Houck Anderson
Jason Martin
Michael F Huber
Mase & Lara, Eversole
Hughes Hubbard & Reed
Kathy S Maultasch
The Imperial Court of Arizona
Janet McAliley
Imperial Sovereign Court of the
Brian J & Georgia McDonough
State of Montana
MCM - Munilla Family Foundation
The Imperial Sovereign Court
Gary R & Donna McVay
of Spokane
Robert Medina
Incarnate Word Foundation
Mekka Miami Group
065 Meridian Appraisal Group
Mark C & Sheryl Piper
Miami Lighthouse for the Blind
Points of Light Institute
Jorge G Mihaic
Beth R Pollack
Burris & Marilyn Millstone
Fernando Portuondo
Monroe County Board
PR Concepts
of Commissioners
Presbyterian Church USA
Morgan, Lewis & Bockius
Pridelines Youth Services
Peter and Marion Mosheim
Charles A Rawson
Steve Mugar
Nancy E Reed
Robert M & Elaine B Nacron
Related Club West Housing
National Team
Association
Thomas F & Marjie Nealon
Harry Resnick
Neiman Marcus
Reyes, O’Shea & Coloca
David P Newman
John & Lynne Richard
News Cafe
Richard Baron & Associates
Arthur Noriega
Heather Riggs
Obelysk
R J Heisenbottle Architects
On Course Development
Roasters Deli Enterprises
Our Kids of Miami-Dade Monroe
Scott Robins
Joseph L Pallant
Pedro C & Emilia P Roig
Robert E Panoff
Margaret A Rolando
Erin S Parish
The Rosamond Gifford Charitable
Edward D Pascoe
Corporation
P J Patterson
Gary Rosenberg
Kenneth J Payne
Carl Rosendorf
Peter Kiewit Foundation
Judith S Rosenthal
James Pepper
Law Office of Jason A Rosner
Enid C Pinkney
Rosswood Building Trust
Pinnacle Plaza
Stephen Rowell
Lettie Bien
gifts to Funds 2009 | 2010
annual report 2009 | 2010
donor since 1994
066
gifts to Funds
miamifoundation.org
2009 | 2010
$500 - $999
Thomas J Quarles Trust
Oscar L & Deborah Rubio
Parker D Thomson
Ruden, McClosky, Smith,
Angelo P Thrower
Schuster & Russell
John Tiller
Russian Bear Cafe of Lincon Road
Blake H Topal
The Russell Family Foundation
Toyota Motor Sales, USA
Abbie R Salt
Dean J Trantalis
Sam & Lottie Friedland
Ronald Traub
Charitable Foundation
UnderwearStation.com
Richard S Sargeant
Union Bank
Dennis & Debra Scholl
United Jewish Community
Lee B Schrager
of Broward County
Edward P Schuh
Unitarian Universalist Congregation
Elizabeth F Schwartz
of Miami
Paul Schweizer
Urban League of Broward County
Seltzer Management Group
Urban Renewal Greater Enhancement
Penny S Shaffer
Ingrid M Usaga
Sierra Health Foundation
Lorelei J Van Wey
Sandra J Simon
Laura Veitia
Rosalind Smith
Veritext / Florida Reporting
SobeGayInfo.com
Rosetta J Vickers
Eduardo R Soto
W P Productions
South Florida Amateur
Liuda Waingortin
Astronomers Association
Lina Waingortin-Blumberg
Space Coast Credit Union
Josephine Wang
Spris
Weil, Gotshal & Manges Foundation
Anne Stafman
Weiss Serota Helfman Pastoriza
Stuart M Stafman
Cole & Boniske
Maureen Stanton
West Hollywood Pain & Rehabilitation
Starmar Events
Wetherington Klein & Hubbart
State of Florida
Wicker, Smith, O’Hara, McCoy & Ford
State of Georgia
Fanny Wiener
Stewart Tilghman Fox & Bianchi
George D & Olivia Williams
Robert A Stone
Melvin D Williams
Stonewall Pride
Kevin W Wodicka
Joseph Sumberg
The Alfred Wohl Family Foundation
Sunglasses Collection Tropical
YMCA of Greater Miami
Penny Tannenbaum
Zarco, Einhorn, Salkowski & Brito Zubi Advertising Services
067
change the
world today
The easiest way to see how The Miami Foundation can help you give more effectively is to speak to one of our philanthropic advisors about your charitable goals and interests.
Set up an introduction, call us at 305.371.2711 visit us at miamifoundation.org to learn more about
annual report 2009 | 2010
how we can help you change the world
068
Javier Alberto Soto | President and CEO jsoto@miamifoundation.org
meet the When you are looking for information on how you can partner with The Miami Foundation, when you have a question about your Fund or when you want to discuss your charitable legacy, contact
C. Emily Gresham | Vice President for Development egresham@miamifoundation.org When you are looking for an innovative program that is accomplishing great things in our community, when you have a question about one of our initiatives or when you want more information on how to receive a grant, contact
Charisse Grant | Senior Vice President for Programs cgrant@miamifoundation.org
When you are looking for the Foundation’s position on an issue, when you want a representative of the Foundation to speak to your group or when you need a quote or image from the Foundation, contact
Nancy Jones | Vice President for Public Affairs and Communications njones@miamifoundation.org
When you have questions about the Foundation’s investments, when you would like a copy of your Fund statement or when you need information about a grant check, contact
David Ekey | Vice President for Finance | Chief Financial Officer
miamifoundation.org
dekey@miamifoundation.org
069
staff
We are privileged to work in a field where our job is to leave Miami in a better place than we found it. It is a responsibility that we take seriously, one that keeps us driven today and enthusiastic about tomorrow.
Marianne Maduro | Senior Program Officer James Benezra | Senior Accountant Casey Dachs | Accounts Payable Clerk Liz Johnstone | Executive Assistant to the President Pamela Cirimele | Program Assistant Julie Bindbeutel | Development Assistant Jay R Lundy | Public Affairs Associate Janell Benzaquen | Development Officer Betty Alonso | Director of Programs
annual report 2009 | 2010
Maryam L Laguna | Development and Communications Associate
miamifoundation.org
070
2010
financials
071
Operating expenses represent
only 1.6% of total assets Received coveted
Four Star Rating
from Charity Navigator in recognition of our fiscal stewardship Increased assets over ten years by
113% from $70m to $151m Increased grants over five years by
70% from $82m to $139m
ranked in top 3% nationally Added 94 new Funds for a total of 575 Funds
annual report 2009 | 2010
for 10 year investment performance among peers
072
total assets
151million
$
received more than 800 gifts totaling
8.5 million
$
awarded more than 1,000 grants totaling
12 million
miamifoundation.org
$
073
Consolidated Statements of Financial Position as of December 31 | 2010 2010 2009 Assets Cash and Cash Equivalents $ 6,838,552 $ 11,251,072 Receivables 2,697,934 4,062,174 Investments 141,361,672 131,285,650 Equipment __________ __________ 99,758 99,440 Total Assets $ 150,997,916 $ 146,698,336 ___________ ___________ ___________ ___________ Liabilities and Net Assets Grants and Scholarships Payable $ 1,447,729 $ 2,096,862 Accounts Payable 7,271 41,781 Pension Liability 68,865 746,886 Trusts and Annuities Payable 13,562,364 11,179,854 Nonprofit Endowments 3,136,471 2,972,513 __________ __________ Total Liabilities 18,222,700 17,037,896 __________ __________ Unrestricted 127,905,499 123,784,033 Operating 1,406,553 1,674,516 Temporarily Restricted 3,463,164 4,201,891 Total Net Assets 132,775,216 129,660,440 ___________ ___________ Total Liabilities and Net Assets $ 150,997,916 $ 146,698,336 ___________ ___________ ___________ ___________
Statement of Activities as of December 31 | 2010 2010 2009 Revenues and Gains Contributions and Fees Earned $ 10,491,671 $ 19,522,485 Dividends and Interest 2,650,897 2,873,779 Net Gains of Investments 9,024,495 13,211,798 Total Revenues and Gains 22,167,063 35,608,062 __________ __________ Expenses
Pension Related Changes other than net periodic pension cost
734,624
152,333
annual report 2009 | 2010
Grant and Program 17,576,400 19,602,691 Management and General 1,322,308 1,025,082 Development 888,203 725,307 Total Expenses ___________ ___________ 19,786,911 21,353,080
Change in Net Assets 3,114,776 14,102,649 Beginning Net Assets 129,660,440 115,557,791 Ending Net Assets $ 132,775,216 $ 129,660,440 ___________ ___________ ___________ ___________
miamifoundation.org
074
writer/project management | nancy jones art direction & graphic design | cathi bohl | kind design advertising photography | jacqueline carini | howard schulman printing | thompson press | hialeah, fl thanks to | maryam laguna | michelle huttenhoff | tamara pallas and all of the philanthropists, grantees and advisors who shared their stories and posed for our cameras The Miami Foundation is confirmed in compliance for best practices in donor stewardship and financial management as set forth by the Council on Foundations this report is printed on FSC certified paper In an effort of creating a greener community we invite you to subscribe to our electronic communications at miamifoundation.org/paperless