The Patterson Foundation is continuing its support for The Bay by committing up to $4 million in matching funds to catalyze private donations toward completing Phase 1 of The Bay's master plan. Each time private philanthropy donates $5 million toward Phase 1 through 2023, The Patterson Foundation will provide a $1 million match, up to a total contribution of $4 million — resulting in a $24 million investment into The Bay.

"The Bay is becoming one of Sarasota's most welcoming and inclusive spaces because of the focus on transforming an under-utilized and neglected waterfront into an environmental and aesthetic jewel for all to enjoy," said Debra Jacobs, president and CEO of The Patterson Foundation. "While much has been accomplished so far, there is more to be done to complete this crucial first phase. The Patterson Foundation is proud to work with The Bay Park Conservancy and people to propel more excellence at The Bay."