The Miami Foundation Inc

Organization Overview

The Miami Foundation Inc is located in Miami, FL. The organization was established in 1992. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Miami Foundation Inc employed 35 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Miami Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Miami Foundation Inc generated $147.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.8% each year . All expenses for the organization totaled $70.3m during the year ending 12/2021. While expenses have increased by 5.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2014, Miami Foundation Inc has awarded 6,194 individual grants totaling $330,365,683. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

STRENGTHEN MIAMI THROUGH PHILANTHROPY, LEADERSHIP, AND COMMUNITY ENGAGEMENT.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE MIAMI FOUNDATION INVESTS IN A STRONGER MIAMI, GRANTMAKING ACROSS A WIDE RANGE OF ISSUE AREAS RANGING FROM THE ARTS TO THE ECONOMY, WITH A FOCUS ON BUILDING A MORE EQUITABLE, MORE RESILIENT COMMUNITY FOR ALL WHO CALL MIAMI HOME. THE FOUNDATION LEADS SIGNATURE GRANT PROGRAMS THAT SUSTAIN OUR NONPROFIT ECOSYSTEM, AND MOBILIZES THE REGION TO TACKLE CRITICAL ISSUES LIKE THE DIGITAL DIVIDE AND CLIMATE RESILIENCE.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Sei Investments
Investment Advisory
$1,058,277
Bryan Clontz & Associates Llc Dba Ch
Consulting Services For Annuity Program
$264,115
Neon One Llc
Cloud-based Solutions For Non-profits To
$135,250
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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$109,364,055
Noncash contributions included in lines 1a–1f $37,275,149
Total Revenue from Contributions, Gifts, Grants & Similar$109,364,055
Total Program Service Revenue$875,468
Investment income $7,863,593
Tax Exempt Bond Proceeds $0
Royalties $275,775
Net Rental Income $0
Net Gain/Loss on Asset Sales $28,339,319
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $147,324,669

Grants Awarded

Over the last fiscal year, The Miami Foundation Inc has awarded $51,194,543 in support to 817 organizations.

Grant RecipientAmount

JORGE M PEREZ ART MUSEUM OF MIAMI DADE COUNTY INC

Org PageRecipient Profile

Miami, FL

PURPOSE: PROGRAM SUPPORT

$5,180,358

NATIONAL COMPASSION FUND

Org PageRecipient Profile

Arlington, VA

PURPOSE: PROGRAM SUPPORT

$2,080,636

YOUNG MUSICIANS UNITE

Org PageRecipient Profile

Miami, FL

PURPOSE: PROGRAM SUPPORT

$1,946,236

PRESIDENT AND FELLOWS OF HARVARD COLLEGE

Org PageRecipient Profile

Cambridge, MA

PURPOSE: PROGRAM SUPPORT

$1,590,681

FLORIDA INTERNATIONAL UNIVERSITY FOUNDATION INC

Org PageRecipient Profile

Miami, FL

PURPOSE: PROGRAM SUPPORT

$1,429,791

EDWARD CHARLES FOUNDATION

Org PageRecipient Profile

Beverly Hills, CA

PURPOSE: PROGRAM SUPPORT

$1,241,734
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 3 grants that The Miami Foundation Inc has recieved totaling $340,444.

Awarding OrganizationAmount
B Milfred Gerson Tr

Miami, FL

PURPOSE: TO PROVIDE A CONTRIBUTION TO ACCOMPLISH THE EXEMPT ORGANIZATION'S CHARITABLE PURPOSETO PROVIDE A CONTRIBUTION TO ACCOMPLISH THE EXEMPT ORGANIZATION'S CHARITABLE PURPOSETO PROVIDE A CONTRIBUTION TO ACCOMPLISH THE EXEMPT ORGANIZATION'S CHARITABLE PURPOSETO PROVIDE A CONTRIBUTION TO ACCOMPLISH THE EXEMPT ORGANIZATION'S CHARITABLE PURPOSETO PROVIDE A CONTRIBUTION TO ACCOMPLISH THE EXEMPT ORGANIZATION'S CHARITABLE PURPOSE

$325,000
Independence Public Media Of Philadelphia Inc

Philadelphia, PA

PURPOSE: TO PROVIDE MATCHING FUNDS FOR FIVE LOCAL NEWSROOMS AND FEES FOR ADMINISTERING THE NEWSMATCH CAMPAIGN.

$15,000
Dennis Edwards & Mark Steinberg Foundation Inc

Miami, FL

PURPOSE: GENERAL SUPPORT

$444
View Grant Recipient Profile

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