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Monday, April 24, 2017

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Communities Foundation of Texas Awards $79MM in Grants in NorthTexas in 2011
Communities Foundation of Texas

March, 2012

March 13, 2012 -Grants from Communities Foundation of Texas (CFT) support all areas of the
community: education, youth, arts and culture, social services, health care, public safety among them.
Of the $79MM grants paid in 2011, the following represent some of the projects that transformed vision
into action:
• Education: $7MM to the foundation’s program, Educate Texas, to launch the next phase of a
statewide public-private college readiness strategy
• Youth: $2MM to Big Thought to expand and enhance the Thriving Minds initiative, a
coordinated system of comprehensive Out of School Time learning for DISD students
• Public Safety: $5MM to Woodall Rogers Deck Park to support critical safety features of the new
park and tunnels
• Arts: $20K to Shakespeare Dallas to offset reductions in city funding and allow them to
continue performances and education programs for 50,000 people annually
CFT’s leadership in the community is supported by its core business of grantmaking and quality service
to donors and grantees. The foundation is a hub for collaboration between donors, other funders and
nonprofits seeking to make tomorrow better.
“CFT is committed to serving and understanding donor needs, expertly handling complex gifts, wisely
managing charitable funds, and leveraging our community knowledge to increase charitable impact,”
says Brent Christopher, President and CEO of CFT.
Fred Hegi, the Foundation’s board chairman, added- “We are serving more nonprofits than ever – some
very small, others very large – with new ways that match community needs with the passions of
donors.”
CFT has a straightforward vision: Enhancing the experience and impact of giving, primarily through three
kinds of funds. Some of CFT’s assets include:
• $253MM in nearly 600 donor-advised funds created by individual families (an alternative to
creating a private foundation), where each family gives on-going recommendations of grants to
any public charity;
• $84MM in more than 100 designated funds, which each pool contributions from many donors
in a single fund to benefit a particular charity; and
• $92MM in community impact funds, where donors leverage CFT’s expertise by giving CFT the
sole responsibility for determining the best use of funds to meet community needs.
Additionally, CFT invests in the community through strategic initiatives, which include:
• W.W. Caruth, Jr. Foundation at CFT focusing on public safety, education and medical research;
-more•
Educate Texas, a unique, public-private initiative using more than $375MM dedicated to
increasing college readiness and success of all Texas students;
• Entrepreneurs For North Texas, a membership-based program that promotes and facilitates
community involvement and philanthropy for small and midsized companies; and
• DonorBridge, a public searchable website (www.donorbridgetx.org) that connects people who
want to give their time or money to the nonprofit organizations in North Texas. On the third
annual Giving Day, more than 13,500 generous North Texans and collaborative funders gave
$10.7MM to more than 600 organizations across the area.
“We’re accomplishing more than ever with community impact grants awarded by the foundation. New
milestones have been passed through initiatives like the Educate Texas, Entrepreneurs For North Texas
and DonorBridge,” said Hegi.

About Communities Foundation of Texas
As the largest community foundation in Texas and one of the largest in the nation, Communities
Foundation of Texas (CFT) works with families, companies and nonprofits to strengthen our community
through a variety of charitable funds and strategic grantmaking initiatives. CFT is committed to serving
and understanding donor needs, expertly handling complex gifts, wisely managing charitable funds, and
leveraging its community knowledge to increase charitable impact. The foundation professionally
manages nearly 900 charitable funds and has awarded over $1.1 billion in grants since its founding in
1953. www.cftexas.org


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