Promise in Brevard Establishes Endowment Fund with Community Foundation

MELBOURNE, Fla., (November 18, 2020) – Promise in Brevard recently established the Promise in Brevard Endowment Fund with the Community Foundation for Brevard to provide perpetual support for the organization’s mission designed to provide affordable, independent housing for adults with cognitive and physical disabilities. Promise in Brevard empowers residents with social, educational and meaningful employment opportunities while supporting full inclusion within the community to live a life filled with possibility and opportunity.

More than 30 nonprofit organizations have chosen to build endowment funds with the Community Foundation for Brevard. These funds generate a predictable stream of income for a nonprofit organization, leaving assets invested to grow in perpetuity. They offer the flexibility to meet the nonprofit’s immediate needs while ensuring assets are always preserved for the group’s long-term mission.

Promise in Brevard, a residential community in West Melbourne offers individuals with disabilities an opportunity to live independently. In addition to providing affordable housing and life-enriching activities, employment opportunities sets Promise in Brevard apart from other planned communities for individuals with special needs.

“Promise in Brevard is a unique and valuable program in our community,” said Theresa Grimison, president and CEO, Community Foundation for Brevard. “By establishing an endowment fund with the Community Foundation, Promise is doubling down on its mission, providing a model community for those with special needs to live independently and realize their dreams, for generations to come.”

“Promise in Brevard recognized the need to generate sustainable income and provide additional giving opportunities to its supporters,” stated Promise in Brevard’s president and CEO, Jeff Kiel. “The Community Foundation for Brevard is known as the leader in endowments in the region, and we look forward to working together to sustain the future of the organization for the 125 adults with special needs who call Promise in Brevard home.

If you would like to make a secure online contribution to the Promise in Brevard Endowment Fund, please visit: www.cfbrevard.org/your-giving/nonprofit-endowment-funds/promise-brevard-endowment-fund.

Supporters can leave a gift through their wills and trusts through the Community Foundation for Brevard to benefit the organization forever and create a personal legacy. The Community Foundation can facilitate even the most complex gifts, including bequests, gifts of appreciated stock, real estate, life insurance, retirement assets, and more.

About Community Foundation for Brevard

The Community Foundation’s for Brevard’s mission is to strengthen communities through philanthropy. Since 1981, we have helped donors invest their philanthropic gifts wisely, supported nonprofits in serving the region effectively, and inspired people to make the community a better place. With the deepest integrity and best practices, the Foundation has successfully stewarded the philanthropic interests of donors, granting more than $20 million to build a better, more vibrant Brevard County and beyond. Visit cfbrevard.org to learn more and join us.