Impact in the Wake of Tragedy

On July 7th as we were all devastated by the violence downtown and the loss of lives of our dedicated police force. Early in the morning of the 8th, Communities Foundation of Texas staff were at work to find the best way to respond and be impactful in our community.  Quickly we were able to:

  • Open CFT’s fund for disaster relief and recovery to receive outside contributions and grants for middle to long-term support. CFT’s intention in these instances is to encourage all contributions for immediate support, but to also provide a place for people to support recovery and healing after the immediate needs are met. We ask “What will the community need to get beyond the initial damage and destruction?” Many donors and CFT fund holders have given money to support the long-term healing and community unity work needed to be not only whole, but better.
  • Quickly provide the online giving form and support for WFAA to seek contributions for the Assist the Officers Foundation. This page went live and was broadcast by WFAA and the Tegna network across the state and has resulted in more than $300,000 raised for victim support. We are grateful to be a long-time partner with WFAA in all of their charitable outreach.
  • Assist Craig and Kathryn Hall with utilizing their full network to raise dollars for all shooting victims. CFT has had a long relationship with the Halls and when the Halls wanted a quick and efficient way to raise support, they turned to CFT to create a new fund. Their giving page quickly in order to offer a $100,000 match through the family foundation for all contributions raised.

CFT was able to act quickly and with an eye toward the future of our community in our response due to the strong relationships we have developed with donors. The ability to use these strong bonds to be quick, efficient, responsive and timely for our fund holders and our community is critical, and it is the reason we are all proud to be part of CFT.

Steady Your Income and Make a Contribution

There are many considerations your clients face as they approach their retirement years.  They may want to lock in a fixed income or create a hedge against inflation—or both—as well as provide support to charitable organizations that have been meaningful to them.

Charitable Gift Annuity

With a charitable gift annuity, your client can make a contribution to Communities Foundation of Texas that provides fixed payments for life as well as numerous tax advantages.  Following his/her lifetime, the remaining assets can support charitable programs in our community and beyond.

Charitable Remainder Unitrust

A charitable remainder unitrust provides variable income payments.  Your client can fund the trust with cash or other assets and decide on the payout rate, within IRS limits, to your client and/or others.  The trust assents remaining at the end of the beneficiaries’ lifetimes will provide charitable support.

Both of the above vehicles can be “linked” to a donor-advised fund that your client can experience during his/her lifetime.  The balance of the charitable gift annuity and charitable remainder unitrust can flow into the donor’s fund.

What a wonderful way for your clients to support the charitable organizations that they have loved and respected, while also receiving an income and charitable deduction.

If you would like to learn more about how CFT can be of help in creating a philanthropic legacy that can continue for years to come please contact me at gjacobs@cftexas.org or 214-750-4255.

CFT Expanding for Business!

Communities Foundation of Texas has enjoyed a strong partnership with the business community in Dallas and in our region for many years.  The success of the Entrepreneurs for North Texas program of CFT is a striking example of this significant relationship with companies wanting to make a beneficial impact within their communities. Operating as an outsourced community affairs department, Entrepreneurs For North Texas has provided its member companies with the due-diligence and resources to assist them in developing a company culture of good corporate citizenship in a way that is good for their business for over 15 years.  Through these important relationships in the business community, the demand for additional business services has led the leadership of CFT to begin an expansion of these core business services for small, mid-size and large companies serving the North Texas communities.

With the expanded business services, Communities Foundation of Texas can assist your business clients and your companies with starting or growing your company’s giving program. Continue reading “CFT Expanding for Business!”