Pet Project

Russell and Phoebe Perry were more than animal lovers. Mr. and Mrs. Perry believed deeply in the fair treatment and care of animals and wanted to do everything they could to help those in need. With no children of their own, Mrs. Perry’s goal was to use their resources, both during their lifetimes and after, to help as many animals in North Texas as they could. Russell and Phoebe set up charitable funds at Communities Foundation of Texas to ensure that their money would be able to do the most good. The Perrys were able to work closely with Communities Foundation of Texas and their CPA, John Solana, to ensure that their passion turned into real change during and far beyond their lifetimes.

“Phoebe really was a guardian angel for animals in North Texas.” – James Bias, President of SPCA of Texas.

Phoebe approached every giving opportunity with insight, perspective, compassion and careful scrutiny.  After Mr. Perry died in the late 1980s, Phoebe wanted to make sure that their giving continued after her lifetime as well. Nothing gave Mrs. Perry more joy than seeing her gifts used in a responsible way and Phoebe was able to revisit her CFT fund agreements many times throughout the years as her giving needs changed. “Since Communities Foundation of Texas has no charge for agreement revisions, Mrs. Perry was able to add to and adjust her funds as often as she liked,” stated John Solana, Phoebe’s long-time financial advisor.

The Perry’s planned their deferred giving to include traditional vehicles as well as an IRA. Thanks to Mr. and Mrs. Perry’s thoughtful planning, the causes that they cared about will continue to benefit through their funds at CFT. This will allow their legacy of generosity to continue for years to come.

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.