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
- 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
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.