Foundation for Puerto Rico (FPR) is a 501(c)(3) nonprofit that seeks to unleash Puerto Rico’s potential in the global economy, so more people can live, visit, work, and invest in our beautiful island. Our targeted economic development and resilience programs work hand in hand with our community partners, providing resources, training, funding, and networks that improve the local economy from within.
We go from knowledge to action, combining innovative, data-driven thinking with strong field-based work across more than 32 communities. We’ve supported over 600 small businesses and collaborated with over 100 local and national NGOs. Our mission control runs out of El Colaboratorio in the heart of Santurce, a space designed to foster collaboration, sharing new ideas, and creating synergies among other NGOs—all united by the goal of transforming Puerto Rico.
Our motto, “there is no future in rebuilding the past,” reflects our transformative vision and dream for the future of our island: a prosperous Puerto Rico that unleashes the talent, creativity, and passion of its people.
Transform Puerto Rico into a thriving and sustainable economy
A prosperous Puerto Rico that unleashes the talent, creativity, and passion of its people.
FPR takes knowledge to action to achieve resilience, economic growth, and policies that scale up social and economic impact.
Developing and advocating for policies that will create a solid foundation upon which to build Puerto Rico’s economic future is key to fulfilling our vision. Our pillars of strategic innovation, visitor economy, and resiliency are the key areas where we focus our initiatives. We believe that sustainable economic development through these strategies are the most direct pathway to a thriving Puerto Rico, and as Hurricane María clearly showed, resilience is critical to Puerto Rico’s long-term socio-economic development.
In addition, strategic innovation is crucial to drive policy & advocacy efforts. From this vantage point, we’ll providing Puerto Rico with a robust capability to identify and determine the feasibility of high-impact opportunities for transformation, design a purposeful path forward for their development, and drive these projects to successful fruition.
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Jon Borschow was born and raised in Puerto Rico. After graduating from M.I.T. with a degree in Electrical Engineering and Computer Science, Jon returned to Puerto Rico to support the growth of his family’s Health business. He led this company for the next 30 years, employing hundreds of employees during that time. In 2008, the company was acquired by Cardinal Health. Today, the company is the leading healthcare distribution company in Puerto Rico with over 500 employees – the largest distribution business in Puerto Rico. Jon remained as CEO of the Puerto Rico business until his retirement in 2011. That year, Jon founded Foundation for Puerto Rico.
Jon has also given back to the community by serving on the boards of directors of hospitals, schools, charities, religious organizations, research foundations, resident associations, and insurance companies. Among the more recent charities that Jon has chaired are the Puerto Rico chapter of The United Jewish Appeal and the Puerto Rico Holocaust Memorial.
In addition to giving his time freely to these causes, Jon has donated to various charities including La Perla de Gran Precio, a home for homeless, drug addicted women infected with AIDS and for their children. Jon is a major philanthropic giver. At MIT, he has endowed a needs-based undergraduate scholarship for students from Puerto Rico. In 2011, he expanded his relationship with MIT to include a multi-million dollar investment in the MIT Puerto Rico Economic Project to develop a new strategy for growth for Puerto Rico involving the MIT Center for International Studies, The MIT Community Laboratory, The MIT Political Science Department, the Sloan School of Management, and the Puerto Rico Center for a New Economy. In 2011, Jon established the Foundation for Puerto Rico to focus on high impact catalytic philanthropy to support these goals.
Annie Mayol is an experienced Chief Operating Officer with a demonstrated history of working in the non-profit and health care industry. She is skilled in Government Management, Healthcare, Leadership and Policy Analysis. Previously, Mayol served as Chief Administrative Office of MSO of Puerto Rico, a Medicaid and Medicare Advantage Managed Care Company, where she managed the day to day operations of one of the top health insurance companies in the island. Between 2006 and 2015, Annie Mayol was President and Founder of IMAGEN Strategies, a consulting firm focused on government relations, communications and strategy with clients from all around the world. During this period Mayol had the opportunity to train and capacitate women in the Middle East through a grant provided by the US Department of State. Mayol has also served as Chief of Staff for the Secretary of Health for the Puerto Rico Department of Health (PRDOH), and worked as Advisor on Federal Affairs and National Policy to the Governor of Puerto Rico, Hon. Luis Fortuño, during 2009 through 2010. As Advisor, Mayol oversaw all federal affairs and national issues on behalf of the Governor and supervised federal programs in the various state government agencies.
During the administration of President George W. Bush, Mrs. Mayol was appointed as Regional Political Director at the White House Office of Political Affairs, overseeing the Northeast region. In 2002, Mayol served as Director of Hispanic Outreach for the National Republican Senatorial Committee (NRSC), under then-Senator Bill Frist. Mayol provided advice to all Republican Senatorial campaigns regarding Hispanic voters and acted as the key spokesperson for the NRSC in the Hispanic media.
Annie Mayol was born and raised in Puerto Rico. She has a B.A. in Political Science from American University and a Master’s in Public Policy from the John F. Kennedy School of Government at Harvard University.
Alexandra Lúgaro is a lawyer and businesswoman born on June 10, 1981 in San Juan, Puerto Rico. She graduated from the High School of the University of Puerto Rico at the age of 15 and which time she was admitted to the Río Piedras Campus of said university, where she earned her Bachelor’s degree in Business Administration with triple concentration in Finance, Marketing and Economics and subsequently her Juris Doctor. In 2014, she completed her Masters of Laws (LL.M.) degree in Comparative Law at Universidad Complutense, Madrid, Spain.
For more than a decade she served as Executive Director of America Aponte and Associates Corp. and The Metropolitan New School of America, leading dozens of educational projects, managing succesfully over $46 million in federal and state funds and improving academic achievement in over 500 schools in Puerto Rico.
Faced with the notable deterioration in the social, economic and educational frameworks of the island, in 2016, Alexandra Lúgaro aspired to the governorship of Puerto Rico as an independent candidate, becoming the third largest political force in the territory’s history.
In 2017, she founded the School of the Future, a non-profit organization whose purpose is to offer non-traditional education aimed at the social and economic formation of those who will lead a more just, equitable and self-sustainable Puerto Rico.
During the following years, Lúgaro provided strategic business counseling to multiple companies and individuals in Puerto Rico. Later, in 2020, she became the gubernatorial candidate for Movimiento Victoria Ciudadana. Recently, Lúgaro announced her retirement from electoral politics in Puerto Rico.
With more than 7 years of experience with public policy and her background in project management and business, Lúgaro will now serve as Executive Director and Policy Leader of the Center for Strategic Innovation of Foundation for Puerto Rico.
Nancy is a seasoned professional with over two decades of experience in the areas of education, economic development, federal policy, and philanthropy. She served for two terms in the Obama Administration and has been instrumental in the design and execution of key public policy and federal programs. Focused on aligning capital with justice, her leadership skills have been employed across the public and private sectors.
Nancy currently leads community impact efforts at Ureeka, a platform that seeks to democratize economic opportunity for underrepresented entrepreneurs by providing the community, resources, and tools they need to grow and scale their business. Nancy also founded and manages the PowerUp Fund, a philanthropically sourced investment fund for Latino-led enterprises housed at Hispanics in Philanthropy.
Nancy served in several senior leadership positions as an appointee in the Administration of President Barack Obama including chief of staff for strategic partnerships for former U.S. Secretary of Education Arne Duncan, and deputy director of the Women’s Bureau at the U.S Department of Labor. Additional White House efforts included serving on President Obama’s White House Task Force on Puerto Rico, the National Equal Pay Task Force, and various intergovernmental, cross-agency efforts that focused on economic development and place-based investment strategy. After her time with the Obama Administration, Nancy served as the chief external affairs officer for the Opportunity Finance Network, the leading network of community development financial institutions.
Nancy’s partnership development experience spans sectors and states. Most well known for her ability to develop and sustain non-traditional partnerships, she has been involved in economic development and recovery activities with partners such as the Federal Reserve Bank of New York, Google.org, and the YWCA USA, among others. She currently serves on the board of Colmena66 and Parallel 18 in Puerto Rico, and is a board member of the Esperanza Charter School system in Philadelphia. In Puerto Rico, Ms. Santiago continues to spearhead disaster and economic recovery activities with nonprofit and civic leaders.
An inspirational activist and speaker, she has received numerous awards and recognitions including the Aspen Institute España 2018 Programa Cervantes, Aspen Institute’s 2015 Salinas Scholar, the Belfer Institute’s Seminar in Israel for Latino Policy Leaders; the Diversity Journal’s Women Worth Watching 2015; the Spanish Embassy’s Hispanic Leaders Program in Spain; and, the Woman of Distinction award from El Diario La Prensa, New York city’s largest Spanish-language newspaper.