Community Foundation of Broward Purchased Downtown Building
The foundation acquired a 23,000-square-foot facility to secure a permanent home for its nonprofit operations.
Updated on Oct. 7, 2026 in Philanthropy
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On Sept. 11, 2026, the Community Foundation of Broward finalized the purchase of a 23,000-square-foot building at 200 N. Andrews Ave. in downtown Fort Lauderdale for $5.7 million. The organization bought the property to transition from a leased space to a permanent location.
Why it matters
The foundation sought a permanent home to avoid the risks of forced relocation or rent increases. The new space will accommodate growing demand for nonprofit meetings, training, and services in the Fort Lauderdale area.
The foundation manages 600 charitable funds valued at $360 million. The purchased three-story building offers 23,000 square feet of space.
The players
Community Foundation of Broward
This nonprofit organization manages 600 charitable funds and supports local initiatives through grant distribution.
Frederick A. DeLuca Foundation
This philanthropic entity provided support to assist the Community Foundation of Broward with its building purchase.
The details
Supported by the Frederick A. DeLuca Foundation, the acquisition moves the organization from its current location on Las Olas Boulevard. The nonprofit has distributed more than $250 million in grants since its founding in 1984.
Timeline
The Community Foundation of Broward was founded in 1984.
The foundation initiated its search for a new building in 2024.
The purchase transaction for the 200 N. Andrews Ave. building closed on Sept. 11, 2026.
Renovations for the facility are scheduled to begin in 2027.
The foundation expects to move into the new building in early 2028.
Market Landscape
This acquisition follows the broader industry trend of nonprofits shifting toward asset ownership to mitigate rising urban commercial lease costs. By securing a permanent headquarters, the foundation insulates its long-term operations from the volatility of the commercial real estate market.
Local nonprofits and community partners will gain access to expanded meeting and training facilities once the move is completed in 2028. Residents and stakeholders will not see changes to current grant distribution services during the transition period.
The takeaway
Securing permanent real estate allows philanthropic organizations to stabilize overhead costs and dedicate more resources toward core community grant programs. Donors and stakeholders should anticipate a multi-year transition as the foundation renovates its new facility for public use.
What happens next
The foundation has launched a $10 million fundraising campaign to finance upcoming building renovations. Construction is scheduled to commence in 2027.
Further reading
For more information on local charitable initiatives, visit Philanthropy.
More information
Learn more about the foundation and its mission on the Community Foundation of Broward website.
Source note: This article includes information reported by The Westside Gazette.
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