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Loreto Bay Foundation Meets $1 Million Mark

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Loreto Bay Foundation Meets $1 Million Mark

Published 07-10-07

Submitted by Loreto Bay Company

LORETO BAY, BAJA CALIFORNIA SUR, MEXICO- July 10, 2007 "“ While Loreto Bay Company is already a pioneer in sustainable real estate through their development practices, the Company’s charitable arm, Loreto Bay Foundation has added new meaning to this initiative by aiding not only the surrounding environment, but also the local community and its people. The non-profit organization established by Loreto Bay Company, to serve the economic and social needs of the historic town of Loreto, has taken three major initiatives to better the community by awarding grants in different areas, including:

  • The Loreto Workers Fund- The primary activity of this fund is to support and enhance education and capacity-building for Loreto workers. Particularly, the Foundation is working to improve the standard of living of the recent influx of construction workers, to remind contractors and labor brokers of their legal obligations, and enhancing educational opportunities for off-duty workers. Opportunities include the offering of programs to obtain a GED equivalent, a fully equipped library with books and games and ESL classes to improve their language skills.

  • The Loreto Children Fund- The purpose of this fund is to improve the quality of life of the children of Loreto. The Foundation is currently working with the non-profit educational program Outward Bound to establish a training program for Loreto teens and recently joined ProBea, an environmental education organization to develop a new curriculum for the Loreto school system. To date, over $23,000 in grants has been awarded in this area, which has led to scholarships for children and the creation of a youth soccer league in Loreto.

  • Loreto Medical Facility- This fund focuses on the improvement of medical services for the Loreto Bay community by supporting the creation of a state-of-the-art medical facility. The Foundation has created a sub-fund so that home owners and others could contribute. This sub-fund has already raised over $100,000 to be paired with the Loreto Bay Company’s pledge of $850,000 to the Baja California Sur State Health Services Institute to fund the new medical facility in Loreto. In addition, the Foundation has awarded $8,000 to the Loreto Drug Rehabilitation Center to support their facility, among other grants awarded in this area.

    "We have always placed an emphasis on being a good neighbor to the community of Loreto which has always been a good neighbor to us. We are proud to have just met our $1 million mark in contributions to the Foundation and look forward to continuing to foster our relationship with the local community," 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, Mexico. The Loreto Bay Foundation was established to support and fund local projects in the community of Loreto, Baja California Sur and in the Loreto Bay National Marine Park.

    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, among the largest sustainable communities currently in development in North America, will be a showcase for future sustainable development practices. Founded in 2003, the company is led by Chairman David Butterfield, President and CEO Jim Grogan and COO Tom Nolan. For more news and information, visit www.loretobay.com

    • Loreto Bay Company logo

    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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