Community foundations are structured to raise and steward funds from a wide range of community donors.
They convene their communities' residents to develop and respond to shared goals and priorities.
Many community foundations accept gifts of other assets, including property, that typically are then sold by the foundation to build its financial resources.
The generational transfer of wealth is a key factor in the expansion of community foundations across the state.
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Many people, organizations and businesses in Miami are actively committed to philanthropy. As Javier Alberto Soto, president and CEO of the Miami Foundation, puts it, “Miami is home to a young, diverse demographic that’s looking for ways to get involved, ways to improve our community that aren’t traditional, like a formal gala.”