LAKE WORTH, FL—Adopt-A-Family of the Palm Beaches is honored to announce it has received a $1 million grant from The Jim Moran Foundation to establish an endowment designated for the maintenance and renovation expenses for the agency’s 112 units of affordable housing. The Jim Moran Foundation made the generous gift as part of its 25th Anniversary grantmaking.
The Jim Moran Foundation Endowment Fund marks a significant milestone for Adopt-A-Family, following several years of strategic expansion to serve the increasing number of families experiencing homelessness and instability in Palm Beach County. Annually, the agency will be able to use a portion of the investment earnings to offset the cost of apartment renovations and repairs. Endowment management falls under the purview of Adopt-A-Family’s Board of Directors and a newly established Investment Committee comprising several board members with extensive experience in the financial sector.
“This grant addresses one of the most significant challenges of operating truly affordable housing – sustainability,” said CEO Matt Constantine. “Overnight, one gift has helped shape our future while strengthening our commitment to the children and families we serve in Palm Beach County. The generous grant from The Jim Moran Foundation, in conjunction with their expert guidance and insight, made this moment possible.”
As housing costs continue to rise across the county – fair market rent for a two-bedroom unit went up 16% from 2023 to 2025 – families face mounting financial insecurity. According to Palm Beach County’s 2025 Point-in-Time count, family homelessness increased by 9% from 2024 to 2025.
With The Jim Moran Foundation Endowment Fund serving as a permanent funding source dedicated to preserving the quality and affordability of the agency’s housing stock, Adopt-A-Family will be able to invest more directly in its mission to strengthen families with children in their efforts to achieve stability and self-sufficiency. Since its founding in 1983, Adopt-A-Family has served over 60,000 families.
Recognizing The Jim Moran Foundation’s history of investment in critical community issues, Constantine shared, “The launch of the Jim Moran Foundation Endowment Fund is a huge win for families who need safe, affordable housing now and for generations to come. We are deeply grateful for the Foundation’s longstanding partnership and its unwavering commitment to supporting Florida’s youth and families.” In addition to this anniversary grant, The Jim Moran Foundation has provided ardent support for the agency’s efforts to address family homelessness for many years.
To recognize its 25th Anniversary, The Jim Moran Foundation awarded special grants currently totaling more than $20 million. Final anniversary grants will be announced in early 2026.
For more information about the endowment, please contact Adopt-A-Family CEO Matt Constantine at mconstantine@aafpbc.org. To learn more about Adopt-A-Family’s work in Palm Beach County, please visit https://www.aafpbc.org or call (561) 253-1361.
