MMM Foundation launches financial aid and resources program for non-profit organizations

Program will offer $100,000 in grants

October 26, 2020 – The MMM Foundation is launching the Social Responsibility Program De la Mano Contigo, with the goal of developing initiatives that promote the health, safety and supply of basic needs for our elders. The first of these initiatives is a financial aid program for non-profit organizations dedicated to serving the elderly population in Puerto Rico; to help them maximize the non-profit’s reach and impact, and to strengthen their development.

“The MMM Foundation has always worked to promote the holistic wellness of Puerto Rico’s elderly population. Neglect, fraud, financial exploit, and emotional abuse are some of the main issues they face, which is also what motivated the creation of this program. Identifying the means to stop these issues from happening and to pursue a better quality of life for this population is a responsibility that every sector in our society should share,” said Penelope Kokkinides, president of the MMM Foundation.

Kokkinides explained that the MMM Foundation will select five entities, which will be granted $20,000 each, for a total grant of $100,000. Additionally, these entities will receive training tools to strengthen their operation in areas such as finances, legal aspects, public relations, brand development, and federal grant writing, among others. These services will be provided remotely, assisted by technology, through consulting, conferences, seminars or workshops, and educational material.

To be eligible, the entities must be duly registered at the Puerto Rico Department of State and must have been operating for at least two years. They must also have an annual budget between $250,000 and $500,000; be entirely compliant with local and federal laws that regulate their operation, have a tax exemption from the local Department of Treasury, be in Good Standing with the Department of State, have a formal Board of Directors, and must not be associated to private, politic, or government organizations. Senior center and day care centers are not eligible.

“The third sector is making great strides for Puerto Rico, but they need support. We trust that, in close collaboration, we can do more for our elderly,” said Kokkinides.

Non-profit organizations interested in applying for MMM Foundation’s Social Responsibility Program De la Mano Contigo must submit their application by Monday, November 30, 2020, before 11:59 p.m. For more information, email info@fundacion-mmm.org.

About the MMM Foundation

MMM Foundation is an independent corporate foundation with the mission to create lasting change in the lives of elderly and disadvantaged people. Founded in 2004 as Fundación Dorada, we have more than 15 years of experience in providing services to address the unique needs of our island’s growing elderly and disadvantaged population. MMM Foundation is Puerto Rico’s only 501(c)(3) nonprofit organization focused primarily on providing care and resources to the 65+ population to address social determinants of health, or factors that influence an individual’s overall health and wellbeing. Visit https://fundacion-mmm.org for more information.

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