The Florida International University Foundation, Inc. is a 501(c)(3) nonprofit organization established in 1969 and headquartered in Miami, Florida. The Foundation serves as the primary fundraising and gift administration entity for Florida International University, one of the nation's top 50 public universities. The Foundation is registered by the State of Florida as a charitable organization and has been certified as a Direct Support Organization (DSO) of Florida International University as defined in Florida Statute 1004.28.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$483.5M
+8.6% YoY
Annual Giving
$47.1M
+15.1% YoY
Grant Count
1
-97.0% YoY
Avg Grant Size
$47.1M
+3698.4% YoY
Mission & Focus Areas
The Foundation was established to encourage, solicit, receive, and administer gifts for scientific, educational, and charitable purposes for the advancement of Florida International University and its objectives.
The Foundation supports the University's mission by providing funds to:
- Support a diverse student population
- Enable exceptional faculty recruitment and retention
- Fund cutting-edge research initiatives
- Develop modern facilities
- Foster collaborative engagement with local and global communities
- Support student success through scholarships, internships, and academic programs
- Advance FIU's goal of becoming a leading urban public research university focused on student learning, innovation, and collaboration
Grantmaking
The Foundation accepts charitable donations to support Florida International University across its colleges, schools, and programs. Recent grant activity includes:
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Geographic Focus
Where this funder awards grants
The Foundation operates in Miami, Florida, with a focus on supporting Florida International University's local and global community engagement initiatives.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of June 2024:
- Total Assets: $483.5 million
- Total Revenue: $50.1 million
- Total Expenses: $55.8 million
- Total Liabilities: $12.8 million
- Number of Employees: 77
As of 2023:
- Total Assets: $445.1 million
- Total Giving: $40.9 million
The Foundation maintains a Four-Star rating with a 90% overall score based on accountability and finance metrics.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $483,517,822 | $445,054,887 | $421,867,063 |
| Revenue | $50,136,811 | $44,931,282 | $69,597,402 |
| Expenses | $55,849,450 | $52,727,138 | $75,528,149 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $6,118,185 | $-1,522,360 | $26,193,188 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
128 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ADALIO T SANCHEZ | CHAIRPERSON | 1 | — |
| FRANCISCO LOPEZ JR | DIRECTOR, UNTIL 8/2023 | 1 | — |
| HUMBERTO CABANAS | ALUMNI CENTER STEERING COMM CHAIR | 1 | — |
| ANDRE L TEIXEIRA | DIRECTOR | 1 | — |
| CANDIDO J VIYELLA | DIRECTOR | 1 | — |
| T GENE PRESCOTT | EX-OFFICIO | 1 | — |
| CARMEL J BARRAU | DIRECTOR | 1 | — |
| CLAUDIA PUIG | DIRECTOR | 1 | — |
| CRISTINA DI MAURO | INVESTMENT SUB-COMMITTEE CHAIR | 1 | — |
| DAVID M ZINN | FIU VENTURES SUB-COMMITTEE CHAIR | 1 | — |
| ELIZABETH M BEJAR | EX-OFFICIO/FIU PROVOST | 1 | — |
| FRANCIS A HONDAL | FIU BOT FORMER PRESIDENT | 1 | — |
| GERALD C GRANT JR | DEVELOPMENT MGMT CHAIR/VICE CHAIR | 1 | — |
| NOEL J GUILLAMA-ALVAREZ | DIRECTOR | 1 | — |
| IRA D GILLER | REAL ESTATE SUB-COMMITTEE VICE CHAIR | 1 | — |
| JAMES W LOEWENHERZ | DIRECTOR | 1 | — |
| JASON A SALTZMAN | DIRECTOR, UNTIL 8/2023 | 1 | — |
| JEFFREY L HORSTMYER | DIRECTOR | 1 | — |
| JILL M GRANAT | SECRETARY | 1 | — |
| JUAN CARLOS ALEXANDER | EX-OFFICIO/FIU ALUMNI, UNTIL 4/2024 | 1 | — |
| JUAN J MARTINEZ | FOUNDATION ENTERPRISE GROWTH VC | 1 | — |
| JUAN R FIGUEREO | FOUNDATION ENTERPRISE GROWTH CHAIR | 1 | — |
| LATESSA DOTSON HALL | MEMBERSHIP & BOARD MGMT CO-VC | 1 | — |
| ALBERT R TANO | MEMBERSHIP & BOARD GOVERNANCE CHAIR | 1 | — |
| ELLIOT N STONE | REAL ESTATE SUB-COMMITTEE CHAIR | 1 | — |
| CARLOS A SABATER | DIRECTOR | 1 | — |
| MICHAEL A KAPPITT | CAMPAIGN/MKTG CHAIR, UNTIL 10/2023 | 1 | — |
| THOMAS C RAGAN | DIRECTOR | 1 | — |
| NOEL C BARENGO | EX-OFFICIO, UNTIL 9/2023 | 1 | — |
| ORLANDO ROCHE | DIRECTOR | 1 | — |
| RAKESH AND RACHANEE SARNA | DIRECTOR | 1 | — |
| RICHARD BRILLIANT | LONG-TERM STRATEGIC PLANNING CHAIR | 1 | — |
| RICHARD P TONKINSON | DIRECTOR | 1 | — |
| SNEH GULATI | EX-OFFICIO, AS OF 9/2023 | 1 | — |
| ROBERT M NAMOFF | DIRECTOR, UNTIL 3/2024 | 1 | — |
| SANTANA WAY | EX-OFFICIO/FIU SGA, UNTIL 5/2024 | 1 | — |
| SERGIO ABREU JR | EX-OFFICIO | 1 | — |
| STEWART L APPELROUTH | AUDIT SUB-COMMITTEE CHAIR | 1 | — |
| ROBERT A BAER SR | DIRECTOR | 1 | — |
| MARCEL L NAVARRO | FINANCE COMMITTEE CHAIR/TREASURER | 1 | — |
| WALTER B GONZALEZ JR | DIRECTOR | 1 | — |
| YOLANGEL HERNANDEZ SUAREZ | DIRECTOR | 1 | — |
| MALCOLM BROWN | DIRECTOR, AS OF 10/2023 | 1 | — |
| ALBERT LORENZO | DIRECTOR, AS OF 10/2023 | 1 | — |
| HUGO MANTILLA | DIRECTOR, AS OF 2/2024 | 1 | — |
| CARLOS A SOMOZA | DIRECTOR, AS OF 2/2024 | 1 | — |
| DAVID ALMANSA | EX-OFFICIO/FIU SGA, AS OF 5/2024 | 1 | — |
| SEAN GAZITUA | EX-OFFICIO/FIU ALUMNI, AS OF 4/2024 | 1 | — |
| TINA M VIDAL-DUART | ATHLETICS SUB-COMMITTEE CHAIR | 1 | — |
| ADRIANNE PERDOMO | ASST. TREASURER | 40 | $45,468 |
| PABLO G ORTIZ | INTERIM CEO, 5/2023 - 11/2024 | 40 | $70,609 |
| KENNETH C HALL | CEO, AS OF 11/2024 | 40 | $37,175 |
| SHIVANI JOSHI | INTERIM AVP, UNTIL 8/2024 | 40 | $159,997 |
| MELISSA HERNANDEZ | CHIEF ADMINISTRATIVE OFFICER | 40 | $207,454 |
| LINDA LEE MANAGE | CCO/INTERIM CDO | 1 | $224,706 |
| RAFAEL PROHIAS | GENERAL COUNSEL | 40 | — |
| HOWARD R LIPMAN | FORMER CEO | 40 | $236,309 |
| CAROLYN JACKSON | FORMER AVP (HCE) | 40 | $143,212 |
| ADY ARGUELLES | FORMER DEVELOPMENT OFFICER (HCE) | 40 | $116,697 |
Recent News & Activity
Recent developments and announcements
The Foundation has been active in securing federal support for FIU's research initiatives, including:
Congressional delegation securing $9.3 million in direct earmarks plus additional federal agency funding for FIU's research leadership
Florida Congressional delegation secures $9.3 Million in direct earmarks,\U.S. Department of Education awarding $1.3 million for TRIO Student Support Services
U.S. Department of Education awards FIU $1.3 million TRIO Student SupportNational Science Foundation funding of $400,000 for the Science & Fiction Lab
National Science Foundation Awards Lab $400K Grant \u2014 Science & Fiction\U.S. Army grant of $2.25 million for a digital forensics Center of Excellence in partnership with Historically Black Colleges and Universities
FIU awarded $2.25M U.S. Army grant to create digital forensics Center ofSubject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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