Miami Foundation

Primarily a grantmaker, but it does hold direct commercial real estate — a daycare facility in Opa-locka and a prep academy facility in Miami Gardens appear on its balance sheet. The foundation also structures program-related investments and forgivable-loan products, such as the Wells Fargo-funded 'Miami Open for Business' small-business program, which functions more like impact-first debt deployment than traditional philanthropy.

The foundation's programming centers on community development, affordable housing, small-business access, arts and culture, digital equity, and racial equity. Thematic funds — the LGBTQ Community Fund, Music Access Miami, and the Racial Equity Fund — signal specific donor-coordinated priorities. Early-stage venture, private credit, and hedge-fund allocations do not appear as a visible part of the operating model.

Key partners include the Jorge M. Pérez Family Foundation for the Crearte arts-grant program, the Knight Foundation for civic leadership and journalism initiatives, and Wells Fargo as the capital provider behind the $20 million 'Miami Open for Business' small-business program. These relationships suggest a coalition model where the foundation serves as the local distribution and governance layer for nationally sourced capital.

A board of directors chaired by Kerry-Ann Royes provides fiduciary oversight, operating under the community foundation model regulated by both IRS public-charity rules and Council on Foundations accreditation standards. This means investment and grantmaking decisions are made by staff and committees accountable to a board with civic stakeholders, not a single family or founder.