Curated News
By: NewsRamp Editorial Staff
June 18, 2025

Our Fund Foundation Boosts Grants to Counter LGBTQ Funding Cuts

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Original Source

TLDR

  • The Our Fund Foundation boosts its grant distribution by 1%, offering LGBTQ-serving agencies in South Florida a crucial financial edge amidst funding cuts.
  • The Our Fund Foundation increases its annual endowed asset distribution from 5% to 6%, allocating an additional $92,000 to support LGBTQ agencies facing financial challenges.
  • By increasing funding, The Our Fund Foundation strengthens support for LGBTQ communities in South Florida, fostering a safer and more inclusive future.
  • In a bold move, The Our Fund Foundation raises its grant distribution to aid LGBTQ agencies, marking only the second such increase in its 15-year history.

Impact - Why it Matters

This news is crucial as it highlights a significant effort to safeguard essential services for the LGBTQ community in South Florida amidst growing financial and political challenges. The increase in funding by The Our Fund Foundation not only provides immediate relief to affected agencies but also sets a precedent for philanthropic bravery in times of need. It underscores the importance of community foundations stepping in to fill gaps left by public funding cuts, ensuring that vulnerable populations continue to have access to vital services and support.

Summary

In a bold move to counteract the escalating political and financial challenges facing LGBTQ rights and services, The Our Fund Foundation has announced an increase in its annual endowed asset distribution from 5% to 6% for the current fiscal year. This decision, spearheaded by President and CEO David Jobin, will inject an additional $92,000 into grants aimed at supporting frontline agencies in South Florida. These agencies, described as lifelines for the LGBTQ community, are facing unprecedented threats due to funding cuts and political targeting. The Foundation, managing nearly $25 million in assets, emphasizes the importance of bravery in philanthropy, aiming to ensure a healthier, safer future for the LGBTQ community. This marks only the second time in its 15-year history that the Foundation has exceeded the standard distribution rate, highlighting the urgency of the current situation.

Scott Bennett, Chair of the Board of Directors, underscored the Foundation's commitment to stepping up when others cannot, especially as public funding for LGBTQ organizations dwindles. The increased grants will directly benefit agencies within the Foundation's network that are most affected by recent adversities. As the sole LGBTQ-specific community foundation in the Southeastern U.S., The Our Fund Foundation continues to champion equality through strategic philanthropy and community support. For more information or to contribute, visit theourfund.org.

Source Statement

This curated news summary relied on content disributed by citybiz. Read the original source here, Our Fund Foundation Boosts Grants to Counter LGBTQ Funding Cuts

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