Form 990 for tax year 2023

Totals

Total revenue

$36,105,180

Total expenses

$28,960,210

Contributions and grants received

$31,750,451

Grants paid

$23,045,106

Program service revenue

$0

Investment income

$4,486,787

Other revenue

-$132,058

Total assets, end of year

$269,794,994

Total liabilities, end of year

$23,402,916

Net assets or fund balances, end of year

$246,392,078

Program services expenses (Part IX)

$26,204,298

Management and general expenses

$1,706,919

Fundraising expenses

$1,048,993

Program service expenses (Part III)

$26,204,298

Program services were 90.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Mission and programs · 2023

• COMMUNITY IMPACTGRANTMAKING - COMMUNITY REVITALIZATION, EDUCATIONAL ATTAINMENT, POSITIVE YOUTH DEVELOPMENTTHE COMMUNITY FOUNDATION STRIVES TO MAKE CONNECTIONS BY INSPIRING AND FACILITATING PHILANTHROPY TO ADDRESS OUR COMMUNITY'S MOST PRESSING NEEDS, WITH THE INTENTION OF CREATING A BETTER QUALITY OF LIFE FOR ALL RESIDENTS. WE INVEST IN OUR NONPROFIT PARTNERS THROUGH CONFIDENCE IN THEIR EXPERTISE AND EXCELLENCE OF SERVICE.IN 2024, OUR FIELD OF INTEREST FUNDS ADDRESSED PRESSING COMMUNITY NEEDS THROUGH OUR THREE CORE FOCUS AREAS: ECONOMIC OPPORTUNITY, EDUCATION AND YOUTH, AND THRIVING COMMUNITIES. WE PARTNERED WITH ORGANIZATIONS THAT PROVIDED JOB TRAINING OPPORTUNITIES TO INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES; NONPROFITS THAT INCREASED ACCESS TOFOOD; PROGRAMS THAT PROVIDED ENVIRONMENTAL EDUCATION TO YOUTH; ORGANIZATIONS THAT PROVIDED MENTORSHIPS FOR WOMEN-OWNED BUSINESSES; ARTS & CULTURE PROGRAMS THAT DEVELOP YOUTH MUSIC AND DANCE SKILLS; AND PROGRAMS THAT PREVENTED HOMELESSNESS BY STABILIZING INDIVIDUALS AND FAMILIES IN THEIR HOMES AND PROVIDING CASE MANAGEMENT.THROUGH OUR FY24 COMPETITIVE GRANT PROCESS, WITH THE SUPPORT OF UNRESTRICTED AND FIELD OF INTEREST FUNDS, 136 GRANTS WERE AWARED FOR $5,045,259 TO NONPROFITS IN THE PALM BEACH COUNTY AND MARTIN COUNTY GEOGRAPHICAL REGION.AN IMPORTANT COMPONENT OF THE COMMUNITY FOUNDATION'S STRATEGIC PLAN IS TO SUPPORT OUR COMMUNITY PARTNERS SERVING OUR REGION THROUGH OTHER MEANS THAN GRANT FUNDING. ONE WAY WE WERE ABLE TO DO THIS WAS BY HELPING BUILD NONPROFITS' CAPACITY. BY STRENGTHENING OUR NONPROFIT SYSTEMS AND STRUCTURES, THEY CAN WORK MORE EFFICIENTLY ANDEFFECTIVELY, RESULTING IN INCREASED COMMUNITY IMPACT. THROUGH A COLLABORATIVE PARTNERSHIP WITH SEVEN OTHER COMMUNITY FUNDERS, WE WERE ABLE TO SUPPORT 94 NONPROFIT PARTNERS TO COMPLETE PROJECTS LIKE SOCIAL MEDIA SETUPS, STRATEGIC PLAN DEVELOPMENT, FUNDRAISING ASSESSMENTS, WEBSITE VISUAL DESIGNS, PRINT MATERIAL DESIGNS, DATABASE MIGRATION PROJECTS, DATA COLLECTION PLANS, AND MORE. WE ALSO SUPPORTED A COHORT OF NONPROFITS TO ENGAGE IN PROGRAMMING TO HELP BUILD THEIR KNOWLEDGE, DIVERSIFY THEIR FUNDING OPPORTUNITIES, AND TRACK THEIR IMPACT. WE ARE EXCITED TO REPORT THIS COHORT HAS BEEN ABLE TO MORE EFFECTIVELY MANAGE THEIR BOARDS, RUN THEIR PROGRAMS, AND POSITION THEIR ORGANIZATIONS TO SECURE ALTERNATIVE FUNDING AS A RESULT OF THIS PROGRAM.

  Expenses $5,130,769 · Grants $4,512,203

• 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.

  Expenses $1,767,281 · Grants $1,554,217

• 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.

  Expenses $19,306,248 · Grants $16,978,686

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

• PALM BEACH CIVIC ASSOCIATION INC

  $2,137,012

  COMMUNITY IMPROVEMENT, CAPACITY BUILDING

• COX SCIENCE CENTER AND AQUARIUM

  $1,261,000

  ARTS, CULTURE, & HUMANITIES

• LIGHTHOUSE ARTCENTER INC

  $545,000

  ARTS, CULTURE, & HUMANITIES

• BOYS & GIRLS CLUBS OF PALM BEACH COUNTY INC

  $374,782

  YOUTH DEVELOPMENT

• MILKEN INSTITUTE

  $298,000

  YOUTH DEVELOPMENT

• PLACE OF HOPE

  $289,000

  HUMAN SERVICES

• ADOPT-A-FAMILY OF THE PALM BEACHES INC

  $270,447

  HUMAN SERVICES

• UNIVERSITY OF FLORIDA FOUNDATION INC

  $258,790

  EDUCATION

• BANNER LAKE CLUB INC

  $224,318

  YOUTH DEVELOPMENT

• PALM BEACH ATLANTIC UNIVERSITY - FINANCIAL AID OFFICE

  $220,000

  EDUCATION

The 10 largest by cash amount. The API serves every itemized grant.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Provenance

Return type

form_990

Tax year

2023

Filed

15 April 2025

IRS schema version

2023v6.0

Source object

202501059349302370

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.