Community Foundation For Palm Beach & Martin Counties Inc

Scholarship programthis year, approximately 851 students completed an application for the community foundation's scholarship program. With the assistance of dedicated volunteers and entrusted donors' resources, for the 2024-2025 academic year, we awarded $1,366,103 in scholarships to 117 deserving students in our community. These students received awards ranging from $900 to $ $80,000 to use toward their college of choice. Recipients are attending all major florida universities, stetson university, duke university, howard university, and university of notre dame, just to name a few. Since 1985, the community foundation has awarded nearly $18 million in scholarships. The scholarship program is one of the largest distributors of scholarship funds in the community. It creates opportunities that afford high school seniors from palm beach and martin counties to fulfill their goals of obtaining a degree or high credentialcertification that will prepare them for the workforce. The community foundation for palm beach and martin counties is adding a wrap-around services program to support scholarship recipients by providing them with tools to address challenges that may otherwise have an impact on completing their educational goals.

Other serviceswith a wealth of experience spanning over 50 years, the community foundation for palm beach and martin counties assists its donors in realizing their philanthropic goals by providing financial stewardship and community leadership. Together, we strive to tackle the most urgent needs within our communities and improve the quality of life for all residents. In the current fiscal year, the foundation distributed $13,028,097 from donor-advised and designated funds. Each grant undergoes a thorough review by our staff to ensure compliance with best practices for grant-making, as well as legal and financial standards. The community foundation administers charitable giving vehicles, such as donor-advised and designated fund types, to facilitate the philanthropic intentions of individuals and groups. The administrative process involves processing and disbursing grants to nonprofit entities in accordance with the terms of each individual fund. We provide administrative services for over 307 daf donor-advised and designated funds and work closely with our fundholders to make grants to the charities they support, while also introducing them to charities that align with their giving preferences. Our due diligence process includes confirming the ein/501(c)(3) status of organizations through guidestar charity check and the irs.gov website to ensure their validity. A key benefit of our donor-advised fund program is our online portal, which provides real-time access to fund information and enables independent grant-making by fundholders. Through our donor-centric services, we can maximize the impact of grant-making dollars on important programs and immediate critical needs. One of the core components of the community foundation's mission is to assist nonprofits in establishing a sustainable source of income, ensuring the continuity of their programs and services for years to come. We are dedicated to strengthening and supporting our nonprofit community and managing assets and reserves for nonprofit organizations, with 91 nonprofit funds representing $9,594,018 million currently under our stewardship.