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The Miami Foundation Inc

EIN 65-0350357 · Miami, FL

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthStrong93 out of 100GovernanceStrong100 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

TO CREATE A GREATER MIAMI WHERE EVERYONE CAN THRIVE BY ACCELERATING GENEROSITY, LEADERSHIP, AND COMMUNITY ENGAGEMENT. THE MIAMI FOUNDATION SERVES AS A PHILANTHROPIC AND COMMUNITY BACKBONE FOR GREATER MIAMI, BRINGING TOGETHER DONORS, NONPROFITS, LEADERS, AND LOCALS TO WORK TOGETHER ON SOLUTIONS FOR OUR COMMUNITY. ESTABLISHED IN 1967, THE MIAMI FOUNDATION, FORMERLY THE DADE COMMUNITY FOUNDATION, HAS INVESTED HUNDREDS OF MILLIONS OF PHILANTHROPIC DOLLARS TO STRENGTHEN OUR COMMUNITY, AND HAS PLAYED A CRITICAL LEADERSHIP ROLE IN MOBILIZING THE REGION TO WORK COLLABORATIVELY TO ADDRESS CRITICAL ISSUES, FROM CLIMATE RESILIENCE TO EDUCATIONAL EQUITY.

Income
$138.6 million
Spending
$144.5 million
Spent on programs
95%
Reserves
35.3 months of spending
Largest source of income
donations and private grants, 72%
Employees
65
Volunteers
25
Highest pay
$499,997, president and ceo

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Strong: 93 out of 100. Higher than 40% of charities in its peer group (philanthropy, over $100m).

  • Reserves

    35 of 35

    Spendable reserves would cover 35.3 months of spending.

  • Debt

    20 of 20

    It owes 13% of what it owns.

  • Living within its means

    8 of 15

    Spending exceeded income by 4% of income.

  • Income trend

    15 of 15

    Income rose 4% on the year before.

  • Spending floor

    15 of 15

    95% of spending went to programs and raising each dollar of donations cost 2 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Strong: 100 out of 100. Higher than 38% of charities in its peer group (philanthropy, over $100m).

  • Independent board

    25 of 25

    21 of 21 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    5 of 5

    Sets its chief executive's pay through independent review and comparison.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (1)
  1. $137.7 million spent. THE MIAMI FOUNDATION INVESTS IN A STRONGER MIAMI, GRANTMAKING ACROSS A WIDE RANGE OF ISSUE AREAS RANGING FROM THE ARTS TO THE ECONOMY, WITH A FOCUS ON BUILDING A MORE EQUITABLE, MORE RESILIENT COMMUNITY FOR ALL WHO CALL MIAMI HOME. THE FOUNDATION LEADS SIGNATURE GRANT PROGRAMS THAT SUSTAIN OUR NONPROFIT ECOSYSTEM, AND MOBILIZES THE REGION TO TACKLE CRITICAL ISSUES LIKE THE DIGITAL DIVIDE AND CLIMATE RESILIENCE.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since October 1992.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.