13 Mar FOUNDATION RESPONSE TO COVID-19 CORONAVIRUS – YOU CAN HELP
This unprecedented time will define Greater Miami’s strength to tap even deeper into our shared spirit of caring, community and resilience. That spirit is already in full force as residents, public agencies, businesses and organizations step up to do their part to lessen the potential spread of COVID-19 coronavirus. The health, safety and well-being of The Miami Foundation team and our broader community remains our top priority. In the coming months, the impact of responses needed to restore the lives of Greater Miamians will continue to emerge. Here are some ways you can help.
LONG-TERM RECOVERY: The Community Recovery Fund – Local nonprofit organizations have had to cancel revenue-generating events, absorb unexpected costs and shut their doors to clients, eliminating much-needed fees for their services. The Community Recovery Fund provides critical help to Miami-Dade nonprofits whose operations are severely impacted and supports their long-term recovery, resilience and financial stability. The Miami Foundation has seeded the Fund with a $300,000 contribution. To support Miami-Dade County’s vital network of nonprofit institutions and the residents they serve, click here to give now. Nonprofit staff members can read more and express interest for support by completing this form.
IMMEDIATE RELIEF: Miami Pandemic Response Fund – United Way of Miami-Dade, in partnership with the Miami Herald/el Nuevo Herald, the Health Foundation of South Florida and The Miami Foundation, has launched the Miami Pandemic Response Fund. Through Operation Helping Hands, the fund provides immediate aid to families and small businesses through a network of nonprofit partners, including food supplies, utilities, rent/mortgage assistance, and micro-grants to small businesses. The Miami Foundation has made a $100,000 contribution to the fund from The Community Recovery Fund. To support urgent resident needs across the county, click here to give now.
Here are some additional Foundation operations updates:
- Our team is informed: We are monitoring the latest updates from the Florida Department of Health, U.S. Centers for Disease Control and Prevention and Miami-Dade County. We have also reviewed and updated our public health emergency plan and shared it with staff members.
- Our staff is working remotely: The Foundation team is working remotely for the time being, except for a few essential staff that will periodically be in the office. We have also cancelled any upcoming work-related travel.
- All Foundation events are postponed: All scheduled in-person events are postponed for now, including the Our Miami: The People’s Forums – Miami-Dade County Mayor event slated for March 26th. We will keep the community updated as plans to reschedule move forward.
- Grant application and grantee reports: We understand this is a challenging time for nonprofits focused on emerging community needs. If you are unable to meet either a Foundation grant program application deadline or provide a grant report for a prior award, please email the Programs team and let us know: Programs@MiamiFoundation.org.
- Processing grants: All grants and vendor payments will be sent via ACH. Additionally, all communications, including grant award letters and gift acknowledgements, will be sent electronically. This transition may result in a processing delay, so please bear with us. We appreciate your patience.
- Market performance: While public health remains our focus, we also understand concerns regarding fluctuations in markets that affect our charitable investments, and therefore, grantmaking capability. Acceleration of the COVID-19 pandemic has amplified anxiety of already-concerned investors about its impact on global growth and corporate earnings. As a result, global equity-market volatility has increased and share prices have declined. We expect this to continue for the short term, as long as the extent of the impact on global economic activity remains unknown, which will likely be until the virus runs its course. But once it does, we have every reason to believe that business activity will return to normal. We established regular check-ins with our investment consultants for the time being.
- Community response: We are in close communication with local civic, business and nonprofit leaders to ensure we are ready to take action on any coordinated community-wide response to COVID-19 and/or its disruption to the daily lives of residents. We will update you as we have more to share.
If you have any questions, please don’t hesitate to contact us. We hope you and your loved ones stay safe and healthy.
Interim President and CEO
Photo credit: Robert G. Holmes