# Miami Foundation

Miami Foundation is an Endowment / Foundation based in Miami, United States.

## Overview

- **Organization type:** Endowment / Foundation
- **Headquarters:** Miami, United States
- **Region:** North America
- **Address:** Miami, FL, United States
- **Founded:** 1967
- **Assets under management:** Undisclosed
- **Website:** miamifoundation.org
- **LinkedIn:** https://www.linkedin.com/company/the-miami-foundation

## Regulatory record

- **Reports private funds:** No

## About

The Miami Foundation is a community foundation established in 1967 in Miami, Florida. It serves donors, nonprofits, and local leaders by managing investments, administering grant programs, and providing philanthropic services.

## Sectors

- Real Estate
- Community Development
- Education
- Arts & Culture
- Healthcare Services

## People

- Rebecca Fishman Lipsey — President and CEO
- Kerry-Ann Royes — Board Chair

## Questions

### Does Miami Foundation make direct investments or operate only through grants?

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.

### Which sectors does Miami Foundation explicitly prioritize?

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.

### Who are Miami Foundation's known co-investors and program partners?

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.

### How does Miami Foundation's governance work?

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.

## Related profiles

- [Miami Beach Fire & Police Pension Fund](https://altss.com/profile/miami-beach-fire-police-pension-fund)
- [Miami Wealth Management](https://altss.com/profile/miami-wealth-management)

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Last updated: 2026-06-03T20:00:00.000Z

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