MMA Renewable Ventures: A MuniMae Company



About Us: Management Team

Our commitment to community is supported at all levels of the company from its focus on providing affordable, multi-family housing, to its leadership in clean energy investing, to employee participation in hands-on community and volunteer events and projects, and through support of the activities of the MuniMae Foundation.

The MuniMae Foundation: We were instrumental in creating the MuniMae Foundation, an independent, publicly supported charitable foundation. The mission of the Foundation is to sustain and promote the use of the properties owned by the Foundation and its subsidiaries as affordable housing, and to encourage and support other non-profit programs and initiatives especially in the area of multifamily affordable housing.

Recent projects and gifts:

  • Gerlach Schools —In December 2007, MMA Renewable Ventures collaborated with partners Black Rock Solar to develop, install, and donate a 90 kilowatt solar photovoltaic power system in Gerlach. This was done as part of a broad program to donate solar systems to schools, public facilities, and hospitals in rural areas of Northern Nevada. Black Rock Solar is a not-for-profit arm of the organization that manages the annual Burning Man event situated near Gerlach in Washoe County. The new system will save approximately $20,000 per year for the next 25 years, directly benefiting the school’s student programs and the ability to host other activities.
  • Hurricane Katrina —Employee donations to The American Red Cross's Hurricane Relief fund were matched by the Foundation, and, altogether, over $75,000 was contributed for disaster relief and rebuilding efforts.
  • The Enterprise Foundation —The MuniMae Foundation was a major sponsor of the benefit to support The Enterprise Foundation's education program in public elementary and middle schools in West Baltimore. This benefit was held at the Joseph Meyerhoff Symphony Hall on October 28, 2005 and featured Soulful Symphony. Soulful Symphony is an 85-member African American ensemble that blends classical music with R&B, Jazz and Gospel.
  • The Baltimore Station —The Foundation has provided support for this residential, recovery-oriented, therapeutic community for men who have become homeless largely due to a history of chronic substance abuse, both financially and through service on its Board by different employees of the company.
  • Phipps Houses —Each year, for the past few years, the Foundation has been a sponsor of the Community Builder Awards event, which benefits Phipps Houses, one of the nation's largest not-for-profit developers, owners, and managers of affordable housing.
  • Sarah's Circle —Last year, the Foundation sponsored the Circle Ball benefiting Sarah's Circle, a non-profit independent living residence and community education center serving very low-income seniors in Washington, D.C. At this event, Mark Joseph, MuniMae's Chairman of the Board, was awarded the Elizabeth and Robert Dole Award for Outstanding Achievement in Enhancing the Quality of Life of the Elderly.
  • The Campaign for Affordable Housing —This nonprofit organization represents a partnership between corporate leaders, business groups, housing sponsors and the media with the sole purpose of educating Americans about the benefits of affordable housing as a community asset and supporting grassroots efforts to mobilize support for housing programs.
  • Women’s Housing Coalition - Each year the Foundation provides support for this grassroots, non-profit organization that has been at the forefront in the development of housing opportunities and services to low-income and homeless women with disabilities.

The MuniMae Foundation also is a sponsor of The Bob Banks Scholarship Program, which was established to broaden higher-level educational opportunities for children of MuniMae employees. The first scholarship was awarded last Fall. In addition, four students are slated to receive scholarships for the upcoming academic year. The program is independently managed by Scholarship America, a national nonprofit student aid service organization. The program will utilize standard Scholarship America recipient selection procedures including the consideration of past academic performance and future potential, leadership and participation in school and community activities, work experience, statement of career and educational aspirations and goals, unusual personal or family circumstances, and an outside appraisal. Financial need will be considered and preference will be given to students who demonstrate need.



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