# Community Foundation for Palm Beach and Martin Counties

Community Foundation for Palm Beach and Martin Counties is an Endowment / Foundation based in West Palm Beach, United States.

## Overview

- **Organization type:** Endowment / Foundation
- **Headquarters:** West Palm Beach, United States
- **Region:** North America
- **Address:** 700 S. Dixie Highway, Suite 200, West Palm Beach, FL 33401, United States
- **Founded:** 1972
- **Assets under management:** $270 million
- **Website:** yourcommunityfoundation.org
- **LinkedIn:** https://www.linkedin.com/company/community-foundation-for-palm-beach-and-martin-counties

## Regulatory record

- **Reports private funds:** No

## About

The Community Foundation for Palm Beach and Martin Counties was established in 1972 as a 501(c)3 nonprofit, connecting local donors with philanthropic partners across South Florida. President and CEO Danita R. DeHaney steers the organization alongside Board Chair Jeffrey A. Stoops, the CEO of SBA Communications, and Board Treasurer Dennis S. Hudson III, former CEO of Seacoast Bank. The Foundation maintains its headquarters at the Center for Philanthropy in West Palm Beach. Unlike a pure grant-making body, the Foundation manages a pooled investment portfolio that spans buyout, venture capital, distressed debt, secondaries, and fund-of-funds commitments. Its strategy reaches from seed and early-stage startups to expansion and late-stage positions, alongside special-situations and real estate exposure. The portfolio includes publicly traded securities and a direct real asset — the Foundation’s own headquarters building on South Dixie Highway. The group participates actively in professional networks such as the Florida Philanthropic Network and the Council on Foundations, reinforcing a dual identity as both a community grant-maker and an institutional allocator. Board leadership is drawn from Palm Beach County's business and civic core. Jeffrey A. Stoops built and runs SBA Communications, one of the largest wireless infrastructure companies in the United States. Dennis S. Hudson III led Seacoast Bank as CEO and now serves as Board Treasurer. Other board members include Ambassador Nancy G. Brinker and longtime philanthropist Julie Fisher Cummings. The Foundation houses donor-advised and legacy funds such as the Mary and Robert Pew Education Fund, the George Elmore Impact for Good Initiative, and the MacArthur Fund, each directing capital toward community health, education, and economic development. The Foundation's structure blurs the line between a donor-advised fund sponsor and a pooled investment vehicle. It competes for local philanthropic capital while deploying across an endowment-style asset mix — a model that makes it a hybrid allocator, accountable to both donor intent and investment-committee discipline. This architecture places it among a small set of community foundations that operate less like a grant administration office and more like a regional asset manager with a charitable mandate.

## Sectors

- Real Estate
- Private Credit
- Secondaries & Special Situations
- Venture (General)

## People

- Danita R. DeHaney — President & CEO
- Jeffrey A. Stoops — Chair of the Board of Directors
- Dennis S. Hudson III — Board Treasurer

## Questions

### Who oversees investment strategy at the Community Foundation for Palm Beach and Martin Counties?

President and CEO Danita R. DeHaney runs the organization's day-to-day operations, while the Board of Directors — chaired by Jeffrey A. Stoops — sets broad investment policy. The Foundation's approach draws on a board that includes institutional-caliber operators such as Dennis S. Hudson III, former CEO of Seacoast Bank. Investment decisions are executed through a pooled portfolio that functions like an endowment.

### What does the Foundation's investment portfolio look like in terms of asset classes?

The portfolio spans buyout, venture capital, distressed debt, secondaries, special situations, and fund-of-funds commitments, alongside public securities and a direct real estate holding. The Foundation targets everything from seed-stage startups to expansion and late-stage companies. This is not a simple fixed-income or public-equity allocation; it operates with the asset-class breadth of a mid-sized multi-strategy endowment.

### Who are the key figures on the Board of Directors?

Board Chair Jeffrey A. Stoops is the CEO of SBA Communications, a publicly traded wireless-infrastructure company, and board member Dennis S. Hudson III previously led Seacoast Bank as CEO. Other board members include Ambassador Nancy G. Brinker and philanthropist Julie Fisher Cummings. The board draws heavily from local business leadership rather than purely from philanthropic circles.

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Last updated: 2026-07-08T21:53:43.457Z

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