Published on August 26, 2014
LETTER FROM THE CHAIRMAN Nathan Kurland Chairman Dear friends and supporters, During 2013, the Miami Bayside Foundation pursued its mission of advancing economic development in the City of Miami by focusing on opportunities to support ongoing educational efforts, on expanding our technical assistance program to minority businesses, and on growing our loan portfolio to minority businesses in the City of Miami. In March, the Foundation made a $50,000 gift to the Network for Teaching Entrepreneurship (NFTE) to work with 100 students each year, for five years, at Booker T. Washington Senior High School. This award-winning organization provides programs that inspire young people from low-income communities to stay in school, to recognize business opportunities and to plan for successful futures. In April, the Foundation made a gift of $210,000 to Florida Interna- tional University’s College of Business to establish a scholarship endowment for City of Miami students pursuing their Masters in Business Administration at the downtown Brickell location. I am very happy to report that a total of 106 scholarships were awarded during the year. Forty-one Miami Bayside Foundation First Generation, two general endowments and four downtown Business School scholarships were awarded at Florida International University; 54 Miami Bayside Foundation Scholarships were awarded at Miami-Dade College and seven at Florida Memorial University. The Foundation awarded 13 loans to minority businesses in the City of Miami during the year; four of them through their new microloan program. These loans helped create 35 new jobs. The Foundation provides valuable business tools and resources such as counseling and training in business development, management, and technical assistance. In 2013, the Foundation renewed its partnership with SCORE Miami-Dade through which it provided more than 50 small business owners with technical assistance, mentorship, and workshops free of charge. It also received its first Community Development Block Grant from the City of Miami to increase its reach into the community through technical assistance. None of this would have been possible without the support of our board members who work tirelessly to fulfill the Foundation’s mission as well as the support of our generous donors. I am especially grateful to Bayside Marketplace and General Growth Properties, who since the establishment of the Foundation in 1986 have been instrumental in the Foundation’s growth, for their largest ever contribution of $537,627 during 2103. As we look to another promising year of educational advancement and minority business success in the City of Miami we are excited to be establishing new and stronger relationships, developing new initiatives, creating more educational partnerships, and becoming a Community Development Financial Institution in an effort to support minority businesses and education.