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Community Development : Community Foundations

Miami Foundation

Building a permanent endowment for Greater Miami's changing needs

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Impact Information is available from our partner, GlobalGiving

four stars

94.54

40 Northwest Third Street Suite 305
Miami, FL 33128
tel: (305) 371-2711   Web Site
EIN: 65-0350357

Board Leadership
Richard Giusto Louis-Albert H. Jolivert
Chair

CEO
Javier Alberto Soto
President & CEO

  Score
(out of 100)
Rating
Overall Score & Rating 94.54 four stars
  Financial 93.40 four stars
  Accountability & Transparency 96.00 four stars
This rating was published 05/01/2019 and includes data from FY2017, the most recent 990 received at that time.

Created in 1967, Miami Foundation exists to enhance the quality of life for all residents of Miami - Dade County. Our mission is to encourage philanthropy and charitable giving by developing a permanent endowment to meet current and future emerging charitable needs. The Foundation approaches our grant making not solely in terms of program categories, but rather with a focus on community building. By bringing together diverse groups in Miami-Dade County we help improve the quality of life and build a more cohesive community. The Foundation supports local nonprofit organizations with grants and technical assistance. It makes grants in the broad program areas of education, health, human services, arts and culture, environment, community and economic development.

Created in 1967, Miami Foundation exists to enhance the quality of life for all residents of Miami - Dade County. Our mission is to encourage philanthropy and charitable giving by developing a permanent endowment to meet current and future emerging charitable needs. The Foundation approaches our grant making not solely in terms of program categories, but rather with a focus on community building. By bringing together diverse groups in Miami-Dade County we help improve the quality of life and build a more cohesive community. The Foundation supports local nonprofit organizations with grants and technical assistance. It makes grants in the broad program areas of education, health, human services, arts and culture, environment, community and economic development.

Impact Information

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GlobalGiving Status
Partner Status
This organization holds GlobalGiving Partner Status. GG Rewards is the system GlobalGiving uses to reward nonprofits that demonstrate listening to the people they serve, learning, and improving their impact. Organizations receive points which translate into their Status: 52% of organizations are Partner, 22% are Leader, and the top 26% of organizations are Superstar. GlobalGiving is a trusted Impact Information partner of Charity Navigator.
Additional Badges from GlobalGiving
Vetted
This organization has been vetted by GlobalGiving.
This impact information is current as of March 2019, when it was provided to us by GlobalGiving. At this time, Impact information published on this organization's page has no effect on its rating per our methodology. Further, the availability of GG Rewards information for charities on our site has no effect on Charity Navigator's evaluation of GlobalGiving.

Financial

four stars

93.40

Accountability & Transparency

four stars

96.00

This rating was published 05/01/2019 and includes data from FY2017, the most recent 990 received at that time.
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)
91.9%
  Administrative Expenses 6.3%
  Fundraising Expenses 1.7%
  Fundraising Efficiency < $0.01
  Working Capital Ratio (years) 5.90
  Program Expenses Growth 8.4%
  Liabilities to Assets 14.8%
All data for Financial Performance Metrics calculations was provided by Miami Foundation on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by Miami Foundation on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
Miami Foundation (FL) 94.54 four stars
The Minneapolis Foundation (MN) 96.47 four stars
The Pittsburgh Foundation (PA) 91.19 four stars
New Hampshire Charitable Foundation (NH) 91.83 four stars
Arizona Community Foundation (AZ) 92.97 four stars

Compare These Charities (Highly Rated)

REVENUE  
Contributions  
   Contributions, Gifts & Grants $106,436,266
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $0
   Related Organizations $0
   Government Grants $0
Total Contributions $106,436,266
   Program Service Revenue $3,477,839
Total Primary Revenue $109,914,105
   Other Revenue $12,776,324
TOTAL REVENUE $122,690,429
   
EXPENSES  
   Program Expenses $56,228,335
   Administrative Expenses $3,662,749
   Fundraising Expenses $1,300,694
TOTAL FUNCTIONAL EXPENSES $61,191,778
   
Payments to Affiliates $0
Excess (or Deficit) for the year $61,498,651
   
Net Assets $302,300,591

Program names and associated costs are listed for the top programs as reported on the charity's most recently filed Form 990. The top programs displayed will include the largest three programs, or those programs covering at least 60% of the charity's total expenses, whichever comes first.

Program Name Amount Spent % of Program Expenses
Grants $56,228,335 100.0%

Ratings History
Miami Foundation has received 2 consecutive 4-star ratings from Charity Navigator.

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2017-12 05/01/2019 94.54 four stars
2016-12 05/01/2018 93.70 four stars
2015-12 07/01/2017 89.10 three stars
2014-12 06/01/2016 93.04 four stars
 
CN 2.0
2014-12 04/01/2016 94.70 four stars
2013-12 04/01/2015 93.49 four stars
2012-12 12/20/2013 96.71 four stars
2011-12 04/01/2013 97.18 four stars
2010-12 04/01/2012 88.55 three stars
2009-12 09/20/2011 89.39 three stars
 
CN 1.0
2009-12 05/01/2011 99.86 four stars
2008-12 07/01/2010 91.53 four stars
2007-12 04/01/2009 81.33 three stars
2006-12 04/01/2008 80.13 three stars
2005-12 04/01/2007 82.57 three stars
2004-12 07/01/2006 88.26 three stars
2003-12 03/01/2005 82.71 three stars
2002-12 03/01/2004 90.34 four stars
2001-12 02/05/2003 76.48 two stars

The data displayed on this tab is provided by the IRS in the form of Publication 78 and the Business Master File (BMF).

EIN 65-0350357
Name in IRS Master File THE MIAMI FOUNDATION INC
NTEE Code T31
NTEE Classification Community Foundations
NTEE Type Philanthropy, Voluntarism and Grantmaking Foundations
Classification Charitable Organization
Subsection 501(c)(3)  (View the list of codes)
Activities (602) Gifts, grants, or loans to other organizations
Foundation Status Organization which receives a substantial part of its support from a governmental unit or the general public   170(b)(1)(A)(vi)
Deductibility Contributions are deductible
Affiliation Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Group Name [Not Applicable]
Ruling Date October, 1992
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End December
IRS Forms 990
(provided courtesy of Foundation Center)
(Log In or Register Now to View Forms 990!)
  • December, 2017
  • December, 2016
  • December, 2015
  • December, 2014
  • December, 2013
Compensation % of Expenses Paid to Title
$303,955 0.49% Javier Alberto Soto President & CEO

Highly Rated

Charity Name & State Overall Score Overall Rating
Miami Foundation (FL) 94.54 four stars
Community Foundation of Collier County (FL) 93.92 four stars
North Georgia Community Foundation (GA) 97.17 four stars
Community Foundation of Tampa Bay (FL) 91.71 four stars
The Columbus Foundation (OH) 95.05 four stars

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Charity Contact Info

Miami Foundation
40 Northwest Third Street
Suite 305
Miami, FL 33128
tel: (305) 371-2711
fax: (305) 371-5342
EIN: 65-0350357

Visit Web Site

Board Leadership

Richard Giusto Louis-Albert H. Jolivert
Chair

CEO

Javier Alberto Soto
President & CEO

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