PLATINUM2022

FOUNDATION FOR PUERTO RICO INC

There's no future in rebuilding the past.

aka FPR   |   San Juan, PR   |  https://www.foundationforpuertorico.org

Mission

We envision a prosperous Puerto Rico that unleashes the passion, talent, and creativity of its people. We want the world to come to our island to visit, live, work, and invest. We work tirelessly to fulfill our mission of transforming the future of Puerto Rico, turning knowledge into actions in ways that build a thriving and sustainable economy for all. We strive to position Puerto Rico as a powerhouse of the Americas: more economically successful and more equitable and inclusive for all.

Ruling year info

2013

Founder & CEO

Jon Borschow

Chief Financial Officer

Damaris Ocasio

Main address

PO Box 364029

San Juan, PR 00936 USA

Show more contact info

EIN

66-0776227

NTEE code info

Community Improvement, Capacity Building N.E.C. (S99)

Philanthropy / Charity / Voluntarism Promotion (General) (T50)

Unknown (Z99)

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

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Communication

Blog

Programs and results

What we aim to solve

SOURCE: Self-reported by organization

After two decades of economic decline and the impact of cascading disasters caused by natural hazards (hurricanes, earthquakes) and now the global pandemic, Puerto Rico's unemployment and poverty is high, labor participation is low, small businesses are closing every day, and social and economic inequality continues to increase. Due to these compounding factors, Puerto Rican communities are faced with a perfect storm of an emigrating workforce that is causing a smaller tax base and diminishing demand for products and services, political unrest, and a slowly recovering infrastructure due to the delayed disbursement of federal recovery funds.  This dynamic has especially affected the economic prospects of smaller towns in Puerto Rico. As a result, these communities need a different, innovative and inclusive plan to create new economic opportunities for growth. These problems are too large for any one organization to solve, they require a collaborative, multisectoral approach.

Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Bottom Up Destination Recovery Initiative

In the aftermath of Hurricane María, FPR became an active participant in the relief and recovery efforts in Puerto Rico, expanding its capabilities in community engagement and direct services while maintaining its role as a strategic innovator and thought leader.

From those initial recovery initiatives, we incubated the Bottom Up Destination Recovery Initiative, a sustainable, economic recovery model that helps communities become more resilient and economically active through the creation of tourism services and authentic local experiences. The program, originally funded by private donations in two municipalities, was picked up and funded by Federal EDA with an $8 million grant to expand into 12 additional municipalities. Its model brings together communities,
government, local entrepreneurs and NGOs to develop plans for these communities to become more resilient, better prepared for future emergencies, and capable of leading their own economic growth.

Population(s) Served
Economically disadvantaged people
People of Latin American descent

Rebuilding the Puerto Rico of tomorrow will require innovative, long-term community and regional resilience planning to ensure that recovery solutions embody holistic and inclusive long-term adaptation strategies. FPR believes that building resiliency is critical to the long-term success of Puerto Rico’s recovery. Thus, FPR emphasizes a broad definition of the potential areas of resilience: education, infrastructure, economic recovery, environment, health, and housing.

Our leading resiliency program is Whole Community Resilience Planning Program (WCRP) will result in comprehensive community recovery plans, the benefits of which will allow communities to develop policies, planning, and management capacity that best meet their needs. The WCRP has two phases that encompass a multi-sectorial collaborative effort and will allow communities to create a resilience plan and increase local capacity in their decision-making processes for future investment opportunities.

Population(s) Served
Adults
Low-income people
Working poor
People of Latin American descent

In February of 2021, we launched the Center for Strategic Innovation, a new ideation engine within our organization that will act as a catalyst for new thinking and will drive the design of high-impact initiatives and strategies.

The Center features a Policy & Innovation Council (PIC), a strategic alliance of the private sector, NGOs, government, academia, community leaders, and individuals designed to share information. They serve as a sounding board to evaluate and develop alignment on ideas that we identify as critical for Puerto Rico’s future success. This consensus-building body will advocate for the strategies and policies that will bring about transformative change.

The Center is building an ideation hub of innovative thinkers, researchers, and data scientists to scan the world for innovative solutions and to use this knowledge to design novel solutions to the strategic challenges Puerto Rico faces.

Population(s) Served
Adults
Economically disadvantaged people
People of Latin American descent

PULSO is part of the Small Business Administration's Community Navigator Pilot Program, designed to provide small businesses with tools and resources to survive, grow and expand. Through this program, Foundation for Puerto Rico and its partners will guide approximately 175 small businesses in the northern region of the island through a multi-stage business development path, composed of the following stages: business assessment, business 101, business model innovation, marketing, digital presence and e-commerce, and financial literacy and access to capital.

Population(s) Served
People of Latin American descent
Adults
Economically disadvantaged people

[re] ACTIVA is a technical assistance program for small businesses affected by the COVID-19 pandemic. With the support and guidance of experts in business planning, marketing, and finance, approximately 200 small businesses will receive a series of key tools to address the current challenges, optimize operations, innovate, and drive business growth.

Population(s) Served
Economically disadvantaged people
Economically disadvantaged people
Economically disadvantaged people
Economically disadvantaged people
People of Latin American descent
Adults

Where we work

Awards

Gold Ranking -Resilience, Recovery, and Mitigation 2021

International Economic Development Council

Our results

SOURCE: Self-reported by organization

How does this organization measure their results? It's a hard question but an important one.

Number of participants attending course/session/workshop

This metric is no longer tracked.
Totals By Year
Related Program

Bottom Up Destination Recovery Initiative

Type of Metric

Output - describing our activities and reach

Direction of Success

Holding steady

Context Notes

Small Business Support Programs: Bottom Up, Emprende 360, ReACTIVA

Number of new programs/program sites

This metric is no longer tracked.
Totals By Year
Type of Metric

Output - describing our activities and reach

Direction of Success

Holding steady

Context Notes

Our new initiatives and programming were greatly impacted by the COVID-19 pandemic, where helping small businesses severely impacted by the economic shutdown became a priority.

Number of community initiatives in which the organization participates

This metric is no longer tracked.
Totals By Year
Related Program

Bottom Up Destination Recovery Initiative

Type of Metric

Output - describing our activities and reach

Direction of Success

Holding steady

Context Notes

Through our Bottom Up Destination Recovery Initiative we supported revitalization projects in all the 14 municipalities served in our program. These are the completed projects.

Our Sustainable Development Goals

SOURCE: Self-reported by organization

Learn more about Sustainable Development Goals.

Goals & Strategy

SOURCE: Self-reported by organization

Learn about the organization's key goals, strategies, capabilities, and progress.

Charting impact

Four powerful questions that require reflection about what really matters - results.

A prosperous Puerto Rico requires a bold and innovative approach that follows many pathways. When FPR was founded 10 years ago, we reached out to MIT for help in devising a new strategic vision for Puerto Rico, inspired by the approach embodied within their “Mens et Manus” (minds and hands) motto. This concept - that transformational thinking needs to be in constant engagement within the realities of the world that it is trying to change – has continued to inform our organization’s approach. Foundation for Puerto Rico believes that to solve current and future problems for Puerto Ricans, it must combine innovative thinking informed by immersion within the real circumstances of individual communities. That is why we consider ourselves an “Action Tank” – a place where vision and action come together to drive transformative change in our archipelago.

For the past decade, we have been working to build a solid foundation of support for this approach, engaging and partnering with stakeholders across Puerto Rico, from government to business to academia to communities. Our strong community presence across the island and our game-changing programmatic interventions have allowed us to move from the grassroots to the grass-tops while our collaborative approach with leaders and policy makers – from San Juan to D.C. - has helped scale up our impact.

Beginning in 2017, multiple FPR teams have been living and working across the island to deeply understand how to engage and work with communities, celebrate regional diversity, engage with local stakeholders and players, increase social capital, gather data on existing needs and capabilities, and help these communities become more resilient to face future climate or economic challenges.

Today, FPR has redoubled its commitment to expanding our knowledge to action mantra. On one hand, we’ve launched the Center for Strategic Innovation, a new ideation engine within our organization that will act as a catalyst for inspiring thinking and will drive the design of high-impact initiatives and strategies. On the other hand, our field intervention will be the space where community-level insights are gathered, and where the new concepts that come out of the Center for Innovation are tested, vetted, adapted, and refined by our team in close collaboration with the future beneficiaries of this work, since no one understands better the needs, vulnerabilities, opportunities, and desires of our communities than its members.

From the inside out, we accelerate transformation through innovation, collaboration, and action, so Puerto Ricans can own their future and thrive. The three areas where we are driving transformational impact include:
-Economic Development & Community Empowerment
-Resiliency & Infrastructure
-Education & Leadership Training

Through our community efforts since Maria, we identified a gap of support for communities and small businesses outside the San Juan metro area. This led us to develop an array of targeted economic recovery programs that would provide them with the needed resources, training, funding, and connections to improve the local economy from within.
Our major initiatives and units are:

- Bottom Up Destination Recovery Initiative: This community-based program aims to strengthen local communities by encouraging them to spur their own economic recovery efforts. This is achieved through improved commercial operations, new business and job creation, workforce development, asset revitalization and the publication of 8 destination plans that provide a road map for investment opportunities that will attract more visitors and grow revenues for the regions.

- Destino 191-El Yunque del Caribe: This collaborative project supports initiatives proposed by community leaders in Cubuy, Río Blanco, Naguabo to revitalize the PR-191 south corridor and create a distinctive brand for “Destino 191” as an inviting and vibrant tourism destination and the official secondary entrance to El Yunque National Forest.

- The Whole Community Resiliency Planning Program: This collaborative program is part of Puerto Rico's Disaster Recovery Action Plan after Hurricane María to help communities across Puerto Rico create a comprehensive recovery plan that will allow them to develop policies, planning, and management capacity that best meet their needs. FPR provides technical assistance to help awardees nurture civic engagement, identify unique community needs, set long-term goals and short-term objectives, and determine priorities for the co-creation of long-term resilience plans.

- PULSO is part of SBA’s Community Navigator Pilot Program, designed to provide small businesses in 10 north coast towns with tools and resources to survive, grow and expand.

-[re]ACTIVA is a technical assistance program for small businesses affected by the COVID-19 pandemic. With the support and guidance of our partnering spokes, experts in business planning, marketing, and finance, each business will receive a series of key tools to address the current challenges, optimize operations, innovate, and drive business growth.

- Center for Strategic Innovation is a newly launched unit focused on Research, Policy & Advocacy that promotes the creation of strategic partnerships to share information between the private sector, nonprofits, government, academia, community leaders, and individuals, united in the mission of looking into forward-looking solutions to our most pressing economic development challenges in Puerto Rico. CSI's Community Leadership Academy will build the necessary capacity within communities so that regional public-sector leaders, small business owners, local NGOs, and prominent community figures have the proper education and tools to own, drive, and implement their economic opportunities.

For the last decade, FPR has been deeply immersed in community and economic development, and all our initiatives are developed with extensive input based on the experiences derived from our work. Since 2015, FPR has been designing opportunities, successfully advocating for policy changes, leading field interventions in underserved communities across dozens of municipalities outside the metro area focused on relief, recovery, and resilience efforts, all with the goal of growing our economy. In the process, we’ve built unparalleled subject-matter experience with a deep understanding of the myriad challenges that exist within our communities, building an exceptional talent pool of experts, expanding our community relationships, growing our operational capacity, and executing everything with the highest compliance standards.
FPR is uniquely positioned to lead efforts across the archipelago based on its ongoing operations and expertise:
● Institutional funding: Since 2011, FPR has invested over $25 million from private sources to drive the implementation of various programs and initiatives to educate, support and strengthen the development of the Visitor Economy. We create impact through innovation, seeking to find and exploit the potential of promising ideas and empowering people to believe in their potential and contribute to making their communities better.
● Proven reliability in the use of funds: FPR is currently managing its 6th federal award in the last 3 years, with excellent results and perfect scores in all Single Audits. Also, FPR has served as a certified fiscal agent ensuring other local NGOs can properly receive and adequately manage funds to support our communities.
● Talented Team of Professionals: Comprised of talented individuals from disciplines that include planners, architects, engineers, attorneys, researchers and data scientists, experts in finance, economists, human capital, community engagement, content, and communications with vast experience engaging with our local communities and the visitor economy sector, this team can be deployed immediately upon a new project launch to hit the ground running to maximize impact.
● Convening power: we empower through collaboration, building strategic alliances to pursue success, and engaging multiple partners to team up for different initiatives. FPR leverages community engagement to promote conversations, identify assets, strengths, and opportunities within the community, gain support for key initiatives, and lead collaborative efforts to ensure continuity. Our collaborators and partners include academia, state agencies, municipalities, community organizations, associations, and businesses.

In collaboration with our many partners, we've accomplished a series of major milestones, including:
a. Implementing the Bottom Up Destination Recovery Initiative in 14 municipalities across Puerto Rico (in six regions outside the San Juan Metro area), with the publication of 8 Regional Destination Plans.
b. An increase in resilience across communities with the successful installation of 300 solar lamps, 343 water filters, 120 recycling containers, 140 cisterns, 1092 water test kits. Installations of 11 photovoltaic microgrids and energy storage for 2 community resilience centers in each region (except for region 3).
c. Strengthening the social capital of our communities supporting about 540 non-profit community-based organizations and 632 small businesses with over 516 hours of technical assistance. Providing 94 workshops to 3,678 community participants. Providing 46 cash grants to small businesses.
d. Successful provisioning of 2 entrepreneurial “boot camps” - Destino Empresarial and Emprende 360.
e. Launching 2 new small business support programs: [re]ACTIVA and PULSO to provide tailored support for approximately 275 entrepreneurs to help them recover from the economic distress caused by the Covid-19 pandemic.
f. Developing the tools, framework, educational and outreach materials, and technical assistance services for the Whole Community Resilience Planning Program with the PR Dept of Housing (CDBG-DR).

#1 Foster Education & Community Leadership Development
Through our Community Leadership Academy, we aim to build the necessary capacity within communities so that regional public-sector leaders, small business owners, local NGOs, and prominent community figures have the proper education and tools to own, drive, and implement their economic opportunities. We will continue to foster innovation in these underserved communities to meet new demands.
#2 Reactivate Community Assets
Our 8 regional destination plans contain investment-ready projects that will improve regional assets to draw visitors and economic inputs into their businesses and communities. Just like we helped reopen the Camuy River Caves National Park this year, which draws over 100,000 visitors each year and provides a spectacular glimpse of this extended system and ecologically unique karstic region. There are hundreds of key destination assets in communities throughout the island whose reactivation with a minimum amount of investment will grow visitations and revitalize local economies.
#3 Develop an Innovation Engine - The Center for Strategic Innovation
After 10 years of piloting and scaling programs and initiatives across Puerto Rico, The Center will be the catalyst for research, initiatives, and intersectoral alliances to drive high-impact, transformative projects.
#4 Ensure Resilient Infrastructure & Planning
We’re strengthening resiliency through innovative and comprehensive training and planning processes to ensure basic energy, clean water, and communications.

How we listen

SOURCE: Self-reported by organization

Seeking feedback from people served makes programs more responsive and effective. Here’s how this organization is listening.

done We demonstrated a willingness to learn more by reviewing resources about feedback practice.
done We shared information about our current feedback practices.
  • How is your organization collecting feedback from the people you serve?

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  • Which of the following feedback practices does your organization routinely carry out?

  • What challenges does the organization face when collecting feedback?

Financials

FOUNDATION FOR PUERTO RICO INC
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Operations

The people, governance practices, and partners that make the organization tick.

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Connect with nonprofit leaders

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FOUNDATION FOR PUERTO RICO INC

Board of directors
as of 11/01/2022
SOURCE: Self-reported by organization
Board co-chair

Jon Borschow


Board co-chair

Graciela Eleta

Rafael Ortiz

Moonsail Capital

Ingrid Rivera Rocafort

Rove Consulting

Alexander Borschow

Semillero Ventures

Federico Sanchez

Interlink

Juan Sabater

Valor Equity Partner

Milton Cruz

Insignia Senior Living

Ramon Mellado

Electra Corporation

Ronald Castro

Roca Marketing

Annie Mayol

Juan Ramos

Best Option Healthcare

Kathyrn Wylde

Zulmarie Urretia-Velez

Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

  • Ethics and transparency
    Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Yes

Organizational demographics

SOURCE: Self-reported; last updated 6/7/2022

Who works and leads organizations that serve our diverse communities? GuideStar partnered on this section with CHANGE Philanthropy and Equity in the Center.

Leadership

The organization's leader identifies as:

Race & ethnicity
Multi-Racial/Multi-Ethnic (2+ races/ethnicities)
Gender identity
Male, Not transgender (cisgender)
Sexual orientation
Heterosexual or Straight
Disability status
Person with a disability

The organization's co-leader identifies as:

Race & ethnicity
Hispanic/Latino/Latina/Latinx
Gender identity
Female, Not transgender (cisgender)
Sexual orientation
Heterosexual or Straight
Disability status
Person without a disability

Race & ethnicity

Gender identity

 

Sexual orientation

No data

Disability

No data