Nonprofit Endowment Funds enable nonprofit organizations to utilize the Foundation's investment capabilities in assuring long term growth of their endowment funds and viability of the agency. The Foundation holds and manages these funds in its asset pool, making regular reports and distributions as requested. The nonprofit can elect to receive a fixed percentage of the fund's assets each year or to have earnings build the fund.
Sample Agreement

Florida Philharmonic Endowment Fund The Florida Philharmonic is committed to presenting full-orchestra concerts of the classical symphonic repertoire at the highest level of artistic excellence to the diverse communities of South Florida. Believing that the joy and challenge of music has a vital and sustaining role to play in all our communities, the Florida Philharmonic endeavors to develop enduring relationships that ensure the world of music is shared inside and outside the concert hall.

Art Center/South Florida Endowment Fund ArtCenter/South Florida advances local knowledge and practice of contemporary visual arts and culture. ArtCenter provides affordable workspace on Lincoln Road in Miami Beach for outstanding visual artists in all stages of career development. It offers access to resources and support, creates opportunities for experimentation and innovation, and encourages the exchange of ideas across cultures and artistic disciplines. ArtCenter's mission is manifested through the juried artist program, the contemporary exhibition series, and multiple education programs.

Miami Children's Museum Endowment Fund was established as a step toward a new institution serving local children and families. The new Miami Children's Museum, opening in 2003, will invite all children to learn through interactive exhibits reinforced by in-museum and outreach programs. All interdisciplinary learning materials will use a South Florida perspective to relate to the arts, sciences, history, humanities, and life experiences, including careers.

Gwen Cherry Park Foundation Fund This Fund supports the Gwen Cherry Park National Football League Youth Education Town (YET) Center, a 20,000 square foot facility established through a collaboration between the South Florida League, Miami-Dade Cunty and others to provide educational and recreational opportunities for minority disadvantaged and at-risk youth. The Fund is a tribute to Gwen Cherry, the first African American woman elected to the Florida Legislature and the County's first black female attorney. After careers as a teacher and lawyer, she was elected to the Florida House of Representatives where she introduced the Equal Rights Amendment, chaired the state's committee for International Woman's Year and co-authored Portraits in Color. Then Governor Bob Graham eulogized her as a champion for the rights of all people and a voice of reason and concern.

Donor Advised Funds

Donor-Advised Funds enable the donor to make grant recommendations to our Board of Governors regarding specific charities. This spares donors the cost and administration of private foundations, and offers a greater tax deduction. Our staff can recommend programs in the donor's areas of interest.
Sample Agreement

Dr. and Mrs. Ismael Hernandez Fund In August 1994, Dr. and Mrs. Ismael Hernandez sold Pasteur Health Plan, Inc., a Hialeah - based health maintenance organization he founded 29 years earlier. The sale of the business enabled the family to establish this donor-advised fund through which they recommend grants to local nonprofits. They allocated a portion of their significant gift as permanent funds to meet the emerging needs of Miami - Dade County in perpetuity.

Cindy Davis Carr Fund South Florida philanthropist Cindy Carr established this charitable fund as a way to facilitate her giving back to the community. Her generosity has included support for the Miami Heart Institute, Jackson Memorial Foundation, Sylvester Cancer Center, Children's Home Society and Diabetes Research Institute, to name a few. She has also served as benefactor for Dining by Design, a special event, and Dade Community Foundation Partnership supporting local organizations fighting the spread of HIV/AIDS.

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