Organizations Filed Purposes:
To develop the capacities of the communities in Puerto Rico to achieve their social and economic transformation, stimulating philanthropic investment and maximizing the yield of each contribution.
Educational Programs: The development of school communities is an essential part of the Foundation's mission. The Foundation believes that education is the cornerstone for personal and social development. The Foundation perceives education as a social action of interdependence and collective responsibility. The accomplishment of significant achievements and the increase of student academic performance will be the result of the continuous collaboration between the public, private and non-profit sectors. This is the climate of collaboration among different sectors promoted by the Foundation to facilitate long term and ongoing support of school improvement at the elementary, middle and high school level
Puerto Rico Recovery Fund: in the aftermath of hurricanes Irma and María the Foundation reactivated its Puerto Rico Community Recovery Fund, once used to address Hurricane Hugo and the emergency of 9/11 in New York. The Fund became a reliable source for donors to facilitate there giving to Puerto Rico and to provide immediate relief and recovery grants to non-profit organizations. After the immediate relief the Fund continue the economic support (grants) and technical assistance to promote resilient, equitable and sustainable access and development in four strategic milestones: renewable energy; drinking water by community aqueducts; affordable housing; education; economic activity at a community-based level.
Economic Development Fund: Empower economic activity stemming from the community base through the support of community-based organizations that stimulate incubation and acceleration of micro-enterprises through grants, capacity building, and technical assistance. Provide access to financial capital in the form of loans, through the Community Investment Fund (Fondo de Inversión Comunitaria - FIC), to non-profit organizations for the purposes of community loan programs for microenterprises or small businesses; (ii) affordable housing rehabilitation, pre-development, and development costs; (iii) projects with an identified repayment source (contracts, grants, etc.), known as "bridge loans"; and (iv) feasible activities with a projected financial and social return. During 2019 PRCF grants loan to Nonprofit organization in the amount of $393,167 including $213,167 in emergency loans at zero interest rate.
Executives Listed on Filing
Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing
| Name | Title | Hours Per Week | Total Salary |
|---|
| Nelson Colon Tarrats | PRESIDENT & CEO | 40 | $192,150 |
| Mary Ann Gabino | VP SENIOR | 40 | $119,739 |
| David Haddock | Vice-President | 40 | $102,900 |
| Miguel L Vargas Jimenez | TREASURER | 4 | $0 |
| Vivian I Neptune Rivera | SECRETARY | 4 | $0 |
| Anitza Cox Marrero | VICE PRESIDENT | 4 | $0 |
| Antonio Escudero Viera | PRESIDENT | 4 | $0 |
| Ada Torres Cruz | TRUSTEE | 4 | $0 |
| Maria D Fernos | TRUSTEE | 4 | $0 |
| Victor Garcia San Inocencio | TRUSTEE | 4 | $0 |
| Justo Mendez | TRUSTEE | 4 | $0 |
| Roberto Pagan | TRUSTEE | 4 | $0 |
| Marta E Fernandez Pabellon | TRUSTEE | 4 | $0 |
| Benjamin Rosario Rosario | TRUSTEE | 4 | $0 |
| Desiree Mieses Llavat | TRUSTEE | 4 | $0 |
Data for this page was sourced from XML published by IRS (
public 990 form dataset) from:
https://s3.amazonaws.com/irs-form-990/202023189349310537_public.xml