Loreto Bay, Baja California Sur - Today, the Loreto Bay Foundation announced the recipients of its inaugural grants. Eleven charities affiliated with Loreto will be awarded grants totaling $64,350 to assist them in their efforts towards creating a better community. Among these are grants for animal welfare, health services, education, job creation, economic development, urban planning and environmental awareness. The Loreto Environmental Center, Animalandia, Loreto campus of the state university (UABCS), the Loreto Fire Department, and the Center of Ecotourism and Sustainable Development at Stanford University, among others have been awarded funds.

A non-profit organization, the Loreto Bay Foundation was established by Loreto Bay Company to serve the economic and social needs of the historic town of Loreto. "We've always emphasized being a good neighbor and Loreto has been a good neighbor to us," said James Grogan, president and CEO of the Loreto Bay Company.

Loreto Bay has partnered with FONATUR, Mexico's tourism development agency, to develop The Villages of Loreto Bay, an authentic Mexican seaside community in Baja California Sur. In the early stages of its partnership, the Loreto Bay Company pledged to donate one percent of home sales back to the community as a way to help foster economic and social growth in the Loreto area. With residential real estate sales approaching $200 million, Loreto Bay Company has pledged nearly $2 million to the Loreto Bay Foundation to support local projects in education, extracurricular activities, business development, medical services, environmental protection and affordable housing.

With bylaws aimed at conserving Loreto's natural beauty and protecting the nearby national marine park, the Loreto Bay Foundation's principles are aligned with the development of The Villages of Loreto Bay. Development practices include programs for sustainable energy, water renewal and land stewardship, as well as creating economic opportunities through new jobs and local businesses. For more foundation information, visit www.loretobayfoundation.org.

About Loreto Bay Company:
Loreto Bay Company, headquartered in Scottsdale, Arizona, is developing The Villages of Loreto Bay, a series of seaside villages in walkable neighborhoods built near the historic fishing village of Loreto, Baja California Sur, Mexico. The Villages of Loreto Bay will be a showcase for sustainable development practices. Founded in 2003, the company is led by Chairman David Butterfield, President and CEO Jim Grogan and CFO Tom Nolan. For more news and information, visit www.loretobay.com.

Loreto Bay Company

Loreto Bay Company

Loreto Bay Company, headquartered in Scottsdale, Arizona, is developing The Villages of Loreto Bay, a series of seaside villages in walkable neighborhoods built near the historic fishing village of Loreto, Baja California Sur, Mexico. The Villages of Loreto Bay will be a showcase for sustainable development practices. Founded in 2003, the company is led by Chairman David Butterfield, President and CEO Jim Grogan and CFO Tom Nolan.

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