Our Fund Foundation Boosts Support for LGBTQ Agencies Facing Funding Cuts

The Our Fund Foundation has announced an increase in its annual endowed asset distribution from 5% to 6% for the current fiscal year, providing an additional $92,000 in grant dollars to support LGBTQ-serving agencies in South Florida. This decision comes as a direct response to the growing political attacks on LGBTQ rights and the increasing funding restrictions targeting these vital community organizations.

David Jobin, President and CEO of The Our Fund Foundation, emphasized the importance of this increase, stating that the additional 1% could be crucial for the survival of many agencies. With nearly $25 million in assets, the Foundation is stepping up to fill the gap left by dwindling public funding, ensuring that these nonprofits can continue to serve as lifelines for the LGBTQ community.

This marks only the second time in the Foundation's 15-year history that it has raised its payout rate above the national standard, the first being during the COVID-19 pandemic to address urgent community needs. Scott Bennett, Chair of the Board of Directors, highlighted the Foundation's commitment to action in the face of adversity, underscoring the unacceptable reduction in public dollars for LGBTQ organizations.

The increased distribution will benefit agencies within the Foundation's network that are facing funding reductions and political targeting. As the sole LGBTQ-specific community foundation in the Southeastern United States, The Our Fund Foundation continues to champion equality through strategic philanthropy and unwavering support for the LGBTQ community in South Florida.