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Imagine...

Community Foundation of North Texas

2009 AN NU AL RE PORT


Photo by Derrick Tribbey

Imagine...

Meals on Wheels

... the difference we can make together.

Vision: Philanthropic Resource Center Helping You Build the Community You Want Dear Friends, Many people would prefer to forget 2009, but it marked an important transitional year for the Community Foundation of North Texas. With over $9 million in grants from donor advised and designated funds distributed in 2009, we are proud of our role in serving donors and their charitable interests and helping charities accomplish their missions. We owe a great deal to the many esteemed former board members and to Homer Dowd, our past President, for creating an enduring mechanism for giving.

• establishing a set of individual donor legacies, that taken together, will add immense charitable value to the communities we serve.

Nancy Jones and Jeff Alexander

We aim to be the philanthropic resource center – if you’ve got a question about charity, giving and how to do it – we want to be part of your solution or help you find the correct one for your situation. Imagine the difference we can make together.

We determined that the Community Foundation has an even bigger role to play: • serving our donors with enhanced services and customized solutions; • seeking additional ways to help nonprofit organizations;

Jeff Alexander

Nancy E. Jones

Chair, Board of Directors

President


Children’s Education Program at Bass Hall

Photo by Jill Johnson

2009 Grant Recipients:

HIGHLIGHTS of 2009 Community Benefifitt and Donor Services • $9.3 million awarded as grants from donor advisors and designated funds to more than 559 charities. • Established 12 new funds at the Community Foundation; • Worked with attorneys to establish two new planned gifts for endowments to benefit charitable causes close to the hearts of the two donors. • Launched the Professional Advisor Cabinet to ensure that the Community Foundation is a resource for philanthropy. • Provided on-line access to fund holders so that grant recommendations and grant review are available 24/7 • Initiated donor spotlight and donor education forums to learn more about our communities • Welcomed Nancy Jones as the Foundation’s new President. Nancy met with many of the Foundation’s donors, fund holders and area nonprofits in a whirlwind first year.

Texas Ballet Theatre


DONOR & GRANTEE

Passion Becomes Reality Impact of H.O.P.E. Farm Being Felt Arthur Breland and Gary Randle

W

ith three simple words, Arthur Breland defined the mission of a local organization and nearly brought a grown man to tears. The organization: H.O.P.E. Farm, the faithbased non-profit that mentors fatherless young men in Fort Worth who are at risk. The man: Gary Randle, founder and executive director of H.O.P.E. Farm. The three words: “I got it.” “Tell me what you have,” Randle said in response to Arthur’s very general statement. The two were sitting in Randle’s office, a place many H.O.P.E. Farm boys try to avoid at all cost. For Arthur this office visit was different, though. He was home from college, visiting the place and the man that helped change his life. He clarified his obscure remark: “I MARTIN understand the reason that I’m the way I am is because of the way you are.” On the verge of tears, Randle’s dream, vision and passion for H.O.P.E. Farm became a joyous reality. He said, “You got it.” Others are starting to get it, too – like Nick Martin, who applauded Randle’s no-nonsense approach to getting these young men on the right track. “He’s a father-figure for these boys,” said Martin, a Community Foundation fund holder and board member. “He gives ‘em hell when they do what they’re not supposed to. Anytime you take a kid that might end up nowhere, and help them, somebody is doing the right thing.” For the last 20 years, H.O.P.E. (Helping Other People Excel) Farm has mentored hundreds of at risk boys

and started raising “contributors.” “I want their best,” Randle said. “I want them to maximize their personal experience.” When asked about long-term visions for H.O.P.E. Farm, Randle’s eyes H.O.P.E. Farm lit up and he explained that one day he wants to have a full-blown school for boys. He knows it’s going to be hard and sometimes the vision seems daunting. “When I get low, I think about what Arthur said to me that day,” Randle explained. “It picks me up.” We got it.

Imagine...

... a community where giving


DONOR ADVISED FUND

The Heart of the Matter Legacy Created by Love and ‘Glue’

F

or someone born with holes in her heart, it’s poetic that her legacy is defined by the power of love and some “glue.” The Margaret Mann Wilson Fund was established at the Community Foundation of North Texas to honor the memory of a sick and abandoned little girl, who stole the hearts of a local couple and changed an entire family forever. The impact has stretched across four generations and provided a “piece of the glue” that continues to hold her extended family together. When Margaret Mann Wilson was 3 months old, she was left abandoned in a house in North Fort Worth. While she was battling for her life at a local hospital several months later, she grabbed the heartstrings of her doctor, Barry Wilson. Despite her poor health, Dr. Wilson and his wife, Patty, adopted Margaret prior to her first birthday. Even though the holes in her heart were repaired, she needed a heart and lung transplant. Margaret was only expected to live until she was 7 or 8 years old. At 15, her delayed destiny finally caught up with her on a snowy March day. Her death rattled her family, but a legacy of giving became a reality with the creation of her fund through the Foundation in 1999. “It’s a memorial, but it’s active,” said Barbara McCall Anderson, who oversees the fund along with her brother and sister, Charlie

Margaret Mann Wilson

McCall and Kathye McCall. “It’s going to go on forever.” Anderson is the niece of Dr. Wilson and his wife, and she has always considered Margaret a gift to her family – then and now. Painting inside Cook Children’s Hospital Anderson and her siblings – along with their children and grandchildren – carry out the wishes of the Wilson Family. The focus of the fund is children and children’s services. “We are honored to be involved and trusted to see it through,” Anderson said.

back is a way of life.


Imagine...

Fort Worth Symphony

... an endowed fund that celebrates your passion for giving. TYPES OF FUNDS AGENCY ENDOWMENTS The Community Foundation manages the endowment of a charitable organization and ensures a source of annual support for the non-profit’s programs and operations.

FIELD OF INTEREST FUNDS Created by donors who want to support a particular field or issue, such as cancer treatment, education, arts, youth services, etc.

DESIGNATED FUNDS The work of specific charitable organizations is supported by these funds, as designated by the donor.

DISCRETIONARY FUNDS Flexible funds that allow the Community Foundation to respond to new and emerging needs and innovative services in the community.

DONOR ADVISED FUNDS Donors remain actively involved in philanthropic giving by recommending grants to organizations of their choice.

SCHOLARSHIP FUNDS Benefit students at a particular school or within a specific field of study.

FUNDS

OF THE

C O M M U N I T Y F O U N D AT I O N

AGENCY DESIGNATED FUNDS

The Clariden School Fund The Don and Carol Thompson Charitable Fund* United Way Barnett Shale Fund United Way Legacy Fund United Way Legacy II Fund Women's Fund of UWTC DISCRETIONARY FUNDS

Community Foundation All Purpose Fund Community Foundation Administration Fund Verna B. and John B. Stubbs Fund DONOR ADVISED FUNDS

Diana Andrus Charitable Fund Bearden Family Charitable Fund Bertha Fund* Bonnell Family Charitable Fund Mr. and Mrs. L.O. Brightbill, III Fund Mark Bynum Fund Harnest Chavern Charitable Fund Virginia and Lester Clark Charitable Fund

Whitfield J. Collins Charitable Fund Colonial Country Club Charitable Fund Component Fund 00175 Kathy and Royce Craig Charitable Fund Richard K. and Lois B. Craig Family Fund Bob and Betty Crow Family Fund Sue Stubbs Cutler Charitable Fund Deese Family Fund Nancy and Dave Deison Charitable Fund Norman and Monika Dewar Charitable Fund Sara and Buddy Dike Charitable Fund Dan Dipert Family Fund Bill and Paula Dismuke Charitable Fund* Ben and Mary Frances Doskocil Advise and Consult Fund Keith and Jane N. Dunavant Charitable Fund Crawford & Mary Jane Edwards Charitable Fund Jennie Beth and Cass Edwards Charitable Fund The Sandra and Henry Estess Fund The Faith Fund Robert A. & Jane W. Ferguson Charitable Fund Bruce and Janice Feuerhelm

Donor Advised Fund* Fleetwood Memorial Fund Gabehart Family Fund Shirlee J. and Taylor Gandy Charitable Fund* Robert and Nancy Ginsburg Charitable Fund Elliot and Heather Goldman Charitable Fund Maurine V. Goodrich Fund Jeanne and Roy J. Grogan Charitable Fund GWR Foundation Fund Craig Hanking Fund Robert and Linda Herchert Charitable Fund Higginbotham Community Excellence Fund* Ann and Lee Hobson Family Fund Hodges Fund Allen and Janet Hodges CCG Fund Tracy E. Holmes Fund Paula M. and Earl J. Hoover Jr. Fund Huckabee Community Excellence Fund Inman Family Fund Alice James Memorial Fund Ross and Nancy Jones Charitable Fund* Joshua Fund

Keene Family Fund Gail W. and W.A. Landreth, Jr. Charitable Fund Mollie and Garland Lasater Charitable Fund Ellison and Edward Lasater Charitable Fund* Fort Worth-Tarrant County Young Lawyers Martha V. Leonard Fund LGR Foundation Community Fund Manning Family Fund Nicholas and Louella Martin Charitable Fund Curt and Bonnie McClymond Charitable Fund McKibben Family Fund William and Sherrie McLeRoy Family Lindy Miller Foundation For Junior Golf Elton and Betty Montgomery Charitable Fund Sally P. and Scott W. Mooring, III Charitable Fund Clifton H. and Sheridan C. Morris Fund Morris Charitable Fund Brian and Amy Naughton Charitable Fund Nettune Family Fund Jim & Billie Nichols Charitable Fund Lila M. & James N. Patterson, Jr. Fund


Tarrant Area Food Bank Photo by Derrick Tribbey

* Ne w Fund

William C. Perry and Paul A. Nelson Fund Peters Family Fund Ed Pitchford Charitable Fund Mary Stewart Ramsey Family Charitable Fund Jane Rector Charitable Fund* Mike and Betty Reese Charitable Fund Molly and Rusty Reid Family Fund Darrell L. Rogers Fund* Jo Helen & Rocky Rosacker Fund Bruce and Virginia Street Educational Fund Ed and Ruth Storms Charitable Fund Malcolm B. Street Donor Advised Fund Virginia Street Smith Charitable Fund Virginia Owens Street Fund Hollis and Donna Sullivan Charitable Fund* George C. and Sue W. Sumner Fund Trinity Works Charitable Fund* Traupe-Martchenke Family Fund Susan and Marc Vice Charitable Fund* Fleta Ricks Walls Family Charitable Fund

John and Frances Wasilchak Charitable Fund Doris C. and Harry K. Werst Charitable Fund Frances M. & Clayton B. Willis Charitable Fund Margaret Mann Wilson Fund Julie and Gary Wilson Charitable Fund* Jack W. & Paula J. Winter Charitable Fund Paul P. Zanowiak Charitable Fund DONOR DESIGNATED FUNDS

Arlington Police Foundation Fund Badge and Shield Fund Graham Fort Belknap Archives Fund Paul H. and Cleo Brandt Fund Ronney Courtney Trust Fund Fort Worth Nature Center and Refuge Fund Edward L. Sr., Thelma M. and Edward L. Jr. Harvey Fund for Christ’s Haven for Children*

Lewis F. Kornfeld, Jr. Charitable Fund Leonard Museum Fund Faith Knaffle Mallory Charitable Fund James R. Mallory Charitable Contribution Ella C. McFadden Charitable Trust Tarrant County One Hundred Club Texas Pediatric Surgery Fund Pier 1 Associates Disaster Relief Fund Playground Unlimited Maintenance Endowment Radio Shack Disaster Relief Fund Charles D. Robertson Charitable Fund – Red Cross Charles D. Robertson Charitable Fund FIELD OF INTEREST FUNDS

Alann P. and Charles F. Bedford Endowment Hazel Vaughn Leigh #2 - Youth Fund Youth Assistance Fund

SCHOLARSHIP FUNDS

Alyson Adams Scholarship Fund Holly Bowden Memorial Scholarship Fund Chesapeake Scholarship Fund Greenville High School Class of 1957 H.O.P.E. Farm Scholarship Fund Dwain H. Hughes Memorial Scholarship Fund I Have A Dream General Scholarship Fund I Have A Dream - Butler Project James Earle Johnson Scholarship Fund Ione Buckner McAlister Charitable Fund Mary Catherine Moody Scholarship Fund Earle North Parker Scholastic Award Fund Susan Lewis Patton Memorial Scholarship Hugh K. & Jeanne Roe Scholarship Fund John and Frances Wasilchak Scholarship Joe Watson Scholarship Fund


Big Brothers Big Sisters

H O W T O U S E T H E C O M M U N I T Y F O U N D AT I O N

FIRST Determine how much you wish to invest in your community and your charities now and/or through your designation in a will or trust.

SECOND Outline your personal goals to help others and causes important to you.

THIRD Call Nancy Jones and tell her your plans. Choose a name for your fund and how you want the fund to carry out your wishes. Look through the types of funds in this brochure and work with Nancy to customize your giving.

FOURTH Working with your financial advisors, make your gift to your fund at the Community Foundation of North Texas.

Congratulations! You have translated your charitable intentions into a meaningful gift and a lasting legacy.

S P O T L I G H T: D O N O R A D V I S E D F U N D S

Donor Advised Funds are a flexible, efficient and personal way to give with confidence to the charitable organizations that you care about. • The Foundation will complete all necessary paperwork for grants administration and provide you with statements summarizing your fund’s contributions, earnings and grants. • Our secure online donor system, Donor Central, makes it quick and easy to access your fund and recommend grants 24 hours a day. • We conduct due diligence on all grantees, verifying their tax-exempt status and charitable missions. • We are happy to work not only with you, but also with your spouse, children, and grandchildren to foster family philanthropy. • We offer grant making initiatives, educational seminars, visits to nonprofit organizations, and a range of opportunities that can connect you with other donors and enrich your philanthropy. • Administrative fees on donor advised funds are .0085 annually, assessed on the average monthly fund balance with a $212.50 minimum annual administrative fee. • Investment options include choice of cash equivalent, balanced and endowment asset allocations. Assets are commingled for investment purposes. • The Foundation suggests a minimum of $25,000 to start a fund.

Imagine... ... taking someone’s best life and making it live on.


2009 PROFESSIONAL ADVISOR OF THE YEAR

On the Same Page Award Winner Lauds Foundation

W

hen John Hunter received the Professional Advisor of the Year Award at last year’s Annual Luncheon, his acceptance speech seemed suspiciously scripted. He used words like “flexibility” and “reliability” – the exact words mentioned earlier by the Community Foundation of North Texas board and staff. Hunter laughed and was quick to say the messages were strangely similar because the description of the Foundation was accurate and true. Hunter, a partner with The Blum Firm in Fort Worth, applauded the Foundation’s flexibility, because of its “willingness to work with me and my clients.” He also said the Foundation’s strong board oversight made it an appealing option for his clients. Hunter said it provides instant trust and credibility. He also cited the Community Foundation’s reliability and “can-do attitude.” He said the staff is constantly saying, “We will make this work for you.” Hunter specializes in the areas of planning for closely-held businesses, estate planning and administration, asset protection planning, tax planning and charitable planning. He added the Foundation’s Professional Advisor of the Year honor to an already impressive list of distinctions, including being named a “Texas Super Lawyer” by Texas Monthly magazine for four straight years. He was also recognized by Fort Worth, Texas magazine as one of Tarrant County’s Top Attorneys in Tax Law for 2008. Hunter and wife, Carmen, live in Fort Worth with their three children.

John Hunter (left) and Phil McCrury

PR OF ESSI ONA L AD VI SO RS CA BI NET This Professional Advisors Cabinet helps the Foundation make charitable giving more effective and efficient. Phil McCrury, Chair

Shannon, Gracey, Ratliff, & Miller LLP Patrick Admire, CPA Larry Autrey, CPA

Whitley Penn Marvin Blum

The Blum Firm, P.C. Tracy Bolt, CPA

Hartman, Leito, & Bolt Mike Bourland

Charles Milliken

Decker, Jones, McMackin, McClane, Hall, & Bates, P.C. Jeff Myers

Bourland, Wall, & Wenzel David Neal, CPA

Whitley Penn Dennis Opitz, CPA

Rylander, Clay, & Opitz, LLP

Bourland, Wall, & Wenzel William Dismuke

Dismuke, Waters, & Sweet Robert Duke

Sproles Woodard, LLP

Travis Ramsey, CPA

Hartman, Leito, & Bolt, CPA Pollard Rogers

Cantey Hanger, LLP

Michael D. Dunlap, CPA

Auldridge Griffin Allan Howeth

Cantey Hanger, LLP John Hunter

The Blum Firm, P.C. Lisa Jamieson

Shannon, Gracey, Ratliff, & Miller LLP Randall Johnson

Harris, Finley, & Bogle, P.C. Kevin Kuenzli

McDonald Sanders, P.C. Charles Lieser, CPA

Weaver, LLP

Joel Sawyer

Bakutis, McCully, & Sawyer, P.C. Dee Steer

Kelly, Hart, & Hallman, LLP Rice Tilley, Jr.

Haynes & Boone, LLP Lewis Wall, III

Bourland, Wall, & Wenzel Gary Westenhover

Attorney at Law Cynthia L. Williams

Law Office of Cynthia L. Williams, PLLC


S TAT E M E N T

OF

FI NANC IAL PO SIT ION S

December 31, 2009 with comparative totals for 2008

Assets: Cash Receivables Accrued income Investments Real property Cash value of life insurance Property and equipment (net) Prepaid expenses Total Assets Liabilities: Accounts payable Grants payable Agency funds payable Deferred revenue Total Liabilities Net Assets Total Liabilities and Net Assets

2009

2008

(Unaudited) 12/31/2009

(Audited) 12/31/2008

$

296,153 211,074 25,696 121,458,256 1,134,782 347,355 28,939 750

$

$123,503,005

$100,509,231

$

$

33,552 264,712 9,183,619 23,592

$ 9,505,475 $113,997,530

$123,503,005

89,049 465,975 75,253 98,268,382 1,252,940 323,676 28,080 5,876

46,868 410,553 7,792,086 40,893

$ 8,290,400 $ 92,218,831 $100,509,231

Check www.cfntx.org for audited 2009 financials

2009 GR AN TS BY A RE A

A SSE T G R OW T H 1982-2009

INVESTMENT

Total 2009 Grants: $9.3 million

AND

S T E WA R D S H I P

The Foundation is focused on a long term strategy for investing the community’s philanthropic dollars. We understand that endowments are created to serve not only the current generation but many generations to come. During the current economic downturn, the Community Foundation has stayed the course and remained fully invested and diversified. Luther King Capital Management, Fort Worth and CommonFund are principal investment managers.


The Community Foundation of North Texas exists to serve donors and charities in building charitable capital for the needs and opportunities in our region. With assets of $123 million in 146 funds, the Foundation awarded grants of $9.3 million in 2009. The Community Foundation of North Texas is governed by a 20-member Board of Directors.

BOA RD

OF

DI RECTORS

2 00 9 -2 0 10

F O U N D AT I O N S TA F F Nancy E. Jones President

Melissa Saniuk Vice President Finance

Alexander

Ann

Louden

Elaine J.

J. Russell

Chair

Vice Chair

VP – Distributions

Secretary

Jeff

Petrus

Reid

Mari Hart Grants & Operations

JONES

Drew Myers Director of Communications & Donor Relations

Kristen Borg Scholarships & Administration

Sam Newton Intern

H. Michael

Reese

Larry G.

Autrey

Michael K.

Berry

Shirlee J.

Gandy

Treasurer

C O N TA C T I N F O R M AT I O N 306 West 7th Street Suite 850 Fort Worth, TX 76102 Phone: Fax:

(817) 877-0702 (817) 877-1215

www.cfntx.org

Marty V.

Leonard

Phillip W.

McCrury

Gail Williamson

Rawl

Pollard

Rogers

Imagine... Beverly

Salvant

David A.

York

... a strategic plan for your charitable giving.

Chairmen Emeriti

Tom

Cravens

L. Allen

Hodges III

Leland A.

Hodges, Jr.

William A.

Garland

Nicholas

Landreth, Jr.

Lasater

Martin, Jr.


Imagine... ... a community where giving back is a way of life. ... an endowed fund that celebrates your passion for giving. ... taking someone’s best life and making it live on. ... a strategic plan for your charitable giving.

... the difference we can make together.

NONPROFIT ORG US POSTAGE PIAD

Community Foundation of North Texas 306 West 7th Street, Suite 850 Fort Worth, TX 76102

www.cfntx.org Return Service Requested

FORT WORTH, TX PERMIT NO. 1600

2009 Annual Report  

2009 Annual Report

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