Our Fund Foundation Boosts Support for LGBTQ Agencies in South Florida Amid Funding Challenges

The Our Fund Foundation has announced a significant increase in its annual endowed asset distribution, from 5% to 6%, to combat the growing financial and political pressures faced by LGBTQ-serving agencies in South Florida. This strategic decision releases an extra $92,000 in grant funds for the current fiscal year, aiming to prevent the potential closure of vital community services. David Jobin, the Foundation's President and CEO, highlighted the urgency of this move, stating that the additional funding could be pivotal for the survival of these agencies.

With nearly $25 million in assets, The Our Fund Foundation stands as a pillar of support for the LGBTQ community in the Southeastern United States. This adjustment in distribution rate is a rare occurrence, only the second in the Foundation's 15-year history, mirroring its response during the COVID-19 pandemic to meet unprecedented community needs. Scott Bennett, Chair of the Board of Directors, emphasized the Foundation's commitment to action in the face of adversity, particularly as public funding for LGBTQ organizations dwindles.

The increased funding will directly benefit agencies within the Foundation's network that are grappling with recent funding cuts and political targeting. As the only LGBTQ-specific community foundation in the region, The Our Fund Foundation's initiative represents a critical lifeline for these organizations, ensuring they can continue to provide essential services. This move not only underscores the Foundation's dedication to the LGBTQ community but also sets a precedent for how philanthropic organizations can respond to emerging challenges with agility and resolve.