The Miami Foundation Inc
92% goes to programs $1 to raise $100 Strong reserves Growing revenue
The Miami Foundation Inc is a 501(c)(3) organization based in Miami, Florida, registered in 1992, with $133,524,071 in FY2023 revenue. CharityIndex grades it A, and it directs about 92% of spending to programs.
40 Nw 3rd St Ste 305, Miami, FL, 33128 EIN 65-0350357 Since 1992
Revenue (FY2023)
$133.5M
▲ 17.1% vs prior year
Philanthropy median: $168K
Expenses (FY2023)
$79.0M
Net assets
$489.4M
Employees
53
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
A+Program efficiency40% of the rating92% to programs · $1 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For The Miami Foundation Inc: 92% to programs · $1 to raise $100 earns a A+ on this criterion. See the exact thresholds →
B+Financial health25% of the rating74 mo reserves · +41% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For The Miami Foundation Inc: 74 mo reserves · +41% margin earns a B+ on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For The Miami Foundation Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For The Miami Foundation Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Strengthen miami through philanthropy, leadership, and community engagement.
Contact & location
- Address
- 40 Nw 3rd St Ste 305, Miami, FL, 33128
- City
- Miami
- State
- Florida
- Subcategory
- Public Foundations
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $65.4M (FY2014) to $133.5M (FY2023) across 10 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $35.6MNet assets $489.4M
Operating margin
40.8%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$525.0M
Total liabilities
$35.6M
Net assets
$489.4M
Salaries & benefits
$4.9M
6% of expenses
Board members
20
20 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $133,524,071▲17.1% | $79,026,991▼2.6% | $489,436,930▲22.8% | $524,999,533▲19.9% | 990 |
| 2022 | $113,981,496▼22.6% | $81,136,698▲15.4% | $398,533,564▼5.9% | $438,006,992▼5.0% | 990 |
| 2021 | $147,324,669▲99.8% | $70,287,015▼15.4% | $423,623,516▲24.9% | $460,864,709▲22.7% | 990 |
| 2020 | $73,742,948▲3.6% | $83,051,681▲22.1% | $339,226,634▲4.4% | $375,583,177▲4.6% | 990 |
| 2019 | $71,214,256▼11.5% | $68,006,929▲0.7% | $324,879,019▲11.6% | $358,919,569▲10.8% | 990 |
| 2018 | $80,485,028▼34.4% | $67,556,703▲10.4% | $291,098,552▼3.7% | $323,872,937▼8.7% | 990 |
| 2017 | $122,690,429▲113% | $61,191,778▲41.9% | $302,300,591▲36.1% | $354,920,519▲28.4% | 990 |
| 2016 | $57,468,145▼19.8% | $43,120,575▼12.6% | $222,123,837▲13.5% | $276,319,137▲1.7% | 990 |
| 2015 | $71,680,322▲9.7% | $49,346,100▼3.0% | $195,630,897▲9.9% | $271,717,285▲31.2% | 990 |
| 2014 | $65,357,937 | $50,851,692 | $177,964,858 | $207,098,213 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: Rebecca Fishman Lipsey — $392,613 (0.50% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Rebecca Fishman Lipsey | President and Ceo | 50 | $392,613 |
| Toby Douthwright | Vp For Finance and Cfo | 50 | $181,974 |
| Lindsey Linzer | Vp of Community Investment | 50 | $158,181 |
| Janell Kaplan | Managing Director of Phila | 50 | $151,026 |
| Nikisha Williams | Managing Director of Collective Impact | 50 | $146,068 |
| Francisco Gozalo | Controller | 50 | $132,609 |
| Melissa Szaja | Philanthropy Director | 50 | $108,127 |
| Brittany Morgan | Economic Resilience Senior Director | 50 | $108,046 |
| Aaron Gordon | Trustee | 1 | — |
| Abigail C Watts-fitzgerald | Trustee | 1 | — |
| Ben Beavers | Treasurer | 1 | — |
| Carole F Hall | Trustee | 1 | — |
| Dr Nelson L Adams III | Vice Chair | 1 | — |
| Erin Knight | Trustee | 1 | — |
| Grace Mead | Trustee | 1 | — |
| Jaret Davis | Trustee | 1 | — |
| Kareem Brantley | Trustee | 1 | — |
| Ken O'keefe | Trustee | 1 | — |
| Kerry-ann Royes | Trustee | 1 | — |
| Madeline Pumariega | Trustee | 1 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Radical Partners LLC | Consulting Services | $370,234 |
| Engage Live LLC | Consulting Services | $300,000 |
Grants received · $91.4M total
162 grants to The Miami Foundation Inc totaling $91.4M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| United Way Miami Inc | General support | 2024 | $662,057 |
| New Venture Fund | Technology and innovation | 2024 | $327,780 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $300,000 |
| Philadelphia Foundation | Fiscally sponsored project iseechange, inc. | 2024 | $150,000 |
| National Christian Charitable Foundation | Giving and generosity | 2024 | $50,825 |
| American Online Giving Foundation Inc | General support | 2024 | $31,574 |
| Gs Donor Advised Philanthropy Fund For Wealth Management Inc | Community & human services | 2024 | $20,000 |
| Helios Education Foundation | See part iv | 2024 | $20,000 |
| American Endowment Foundation | Educational | 2024 | $15,000 |
| Bny Mellon Charitable Gift Fund | To further the organization's exempt purpose | 2024 | $15,000 |
| Amalgamated Charitable Foundation Inc | Project support | 2024 | $10,000 |
| 1199seiu United Healthcare Workers East | General | 2024 | $10,000 |
| Ayco Charitable Foundation | Community & human services | 2024 | $5,500 |
| The Chicago Community Trust | General support for programs, operations and other charitable purposes | 2023 | $15,000,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $1,473,331 |
Grants made · $57.2M in FY2023
879 grants totaling $57.2M in FY2023 — showing the 15 largest. All grants made by The Miami Foundation Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Mightycause Charitable Foundation | Program support | $8,221,765 |
| Sdg Impact Fund Inc | Program support | $2,025,000 |
| Partners For Self-employment Inc | Program support | $1,517,789 |
| Jorge M Perez Art Museum of Miami Dade County Inc | Program support | $1,456,051 |
| Young Musicians Unite Inc | Program support | $1,180,410 |
| Miami-dade Innovation Authority Inc | Program support | $980,000 |
| Baptist Health South Florida Foundation Inc | Program support | $921,072 |
| Wolfsonian Inc | Program support | $853,505 |
| Institute For Nonprofit News | Program support | $631,521 |
| News Product Alliance Corporation | Program support | $600,019 |
| Institute of Contemporary Art Miami Inc | Program support | $589,902 |
| Trustees of the University of Pennsylvania | Scholarships | $582,000 |
| Jmj Clutch Enterprises LLC | Program support | $543,600 |
| Climate Summit Miami Beach Host Committee Inc | Program support | $500,000 |
| University of Miami | Program support | $493,865 |
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Compare The Miami Foundation Inc
Frequently asked questions
- Is The Miami Foundation Inc a legitimate nonprofit?
- Yes. The Miami Foundation Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 65-0350357, based in Miami, Florida. Donations are tax-deductible.
- What is The Miami Foundation Inc's EIN?
- The Miami Foundation Inc's Employer Identification Number (EIN) is 65-0350357.
- How much revenue does The Miami Foundation Inc report?
- The Miami Foundation Inc reported $133,524,071 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of The Miami Foundation Inc's spending goes to programs?
- The Miami Foundation Inc spends about 92% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does The Miami Foundation Inc have?
- CharityIndex grades The Miami Foundation Inc A, based on program efficiency and fundraising cost.
- How much does The Miami Foundation Inc's highest-paid employee make?
- The highest reported compensation on The Miami Foundation Inc's latest Form 990 is $392,613, paid to Rebecca Fishman Lipsey (President and Ceo).
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Data for The Miami Foundation Inc (EIN 65-0350357) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.