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ANNUAL REPORT
Communities Foundation of Texas
You have big plans.
You want to change the world. You want to make our communities better, safer, more equitable, livelier, greener. You want to help the sick, the elderly, the disadvantaged. You want to share your good fortune. You want to give.
on its feet.
CFT is nimble enough to respond quickly and effectively to humanitarian crises like the devastating earthquake in Haiti. At the request of President George W. Bush, we established the Clinton Bush Haiti Fund at CFT, part of an effort with the William J. Clinton Foundation to help a country restore its footing. Through this partnership, millions of dollars were dedicated towards supporting long-term relief and recovery efforts in Haiti.
CLINTON BUSH HAITI FUND
BIG PLAN: Help a country back
There are many nonprofit organizations in our community with big plans, as well. Plans to rebuild, expand, inspire, educate and provide more for those in need than ever before.
With the assistance of the W.W. Caruth, Jr. Foundation at CFT, six Dallas County agencies have created a model permanent supportive housing project called The Cottages at Hickory Crossing. This innovative project will provide permanent housing and intense on-site services to 50 chronically homeless individuals. The Caruth Foundation has committed $1 million for pre-development costs and a challenge grant of up to $2.5 million to support construction and resident services.
THE COTTAGES AT HICKORY CROSSING
BIG PLAN: House the homeless.
Communities Foundation of Texas helps bring together people and nonprofits whose plans go hand-in-hand. CFT has big plans, too. It’s our intention to give you exemplary service, to provide wise stewardship of your resources, and to offer trustworthy guidance on how you can make the biggest philanthropic impact possible.
BIG PLAN: Preserve history,
renew a legacy.
CFT has completed the restoration and renovation of the historic 150-year-old Caruth Family Homeplace. The renovation is our opportunity to preserve an important thread in the fabric of Dallas history and to honor a family that has been a significant benefactor to the community. The property also will provide office space for other philanthropic organizations focused on positive community impact, including the Hoblitzelle Foundation and the Summerlee Foundation.
CARUTH HOMEPLACE
Together, we turn big plans into meaningful realities.
BIG PLAN: Turn donor interests In 2010, CFT created a new Letter of Inquiry process to link nonprofit organizations’ greatest needs to donors’ greatest interests. Nonprofits tell us about initiatives and programs that require funding, we review them, and we bring solid grantmaking opportunities to the donors whose charitable interests match. Connecting donors to worthy nonprofits translates donors’ passions into community impact.
Letters of Inquiry
into great grants.
A Letter for You
Board of Trustees & Legal Counsel
D e a r F r i e nds ,
Communities Foundation of Texas is governed by an independent Board of Trustees. Board members are local citizens with wide-ranging knowledge of community needs and deep commitment to helping meet them. Their charge is to understand donors’ interests and the roles of nonprofits, acting as stewards for nearly 900 funds. All Board members are volunteers, serving without compensation. Trustees exercise the final authority regarding all CFT gifts, investments and charitable grants.
There’s a famous Japanese saying about vision without action being only a daydream.
These plans are ultimately tied directly to you. They’re really about your plans, the kinds of change in our community that are important to you. They’re about how we best support and partner with you – your family’s charitable giving; your personal philanthropy; your nonprofit organization’s mission – through the relationship that we share.
Sometimes, there’s nothing wrong with a nice daydream. It can be a pleasant distraction, and who doesn’t need one of those from time to time? Daydreams may also give birth to a really important idea. But daydreams alone don’t accomplish anything. Accomplishment depends upon translating a dream into reality through a plan.
A great example of where all our plans come together is the ongoing enhancement of DonorBridge, a 24/7 online resource available for you at www.donorbridgetx.org. DonorBridge enables you to easily link your interests with the needs of local nonprofits. Any time. From anywhere.
All of us at CFT have been working hard during the past year to carry out big plans. Many of them are still underway. They involve strengthening our value to you and include: n Partnering more closely with donors through
Our overall plan is simple: to enhance the experience and impact of giving through exemplary service, wise stewardship of resources, and the relationship that comes from being a trusted partner. That can’t be just a dream. It must be the reality we accomplish together.
a new, dedicated Donor Services team; n Finding new ways to match our knowledge of
community needs with the interests of donors through donor-advised funds (like the Letters of Inquiry described on the previous page); n Creating a better process for making grants
through funds at CFT;
Make it happen with us.
n Improving our operations by implementing
CFT relies heavily upon its volunteer Board of Trustees to help accomplish our mission. At the start of 2010, two new community leaders were welcomed to the Board: Bobby B. Lyle and Jeanne T. Cox. At the end of 2010, Jody Grant will retire from being a voting member of the CFT Board after many years of dedicated service. CFT is deeply grateful for his commitment, guidance and support. n
Board of Trustees
Joseph M. “Jody” Grant
Frederick B. Hegi, Jr.
Becky Bright
Jeanne T. Cox
Judith W. Gibbs
Jack M. Kinnebrew
Civic Leader
Civic Leader
Civic Leader
Chairman of the Board
Vice Chairman
Strasburger & Price, LLP
Texas Capital Bancshares Chairman Emeritus
Wingate Partners
Bobby B. Lyle Lyco Holdings
John McStay
Harold Montgomery
Karen Shuford
Calpian
Carlos González Peña
Frank Risch
John McStay and Associates
Civic Leader
Civic Leader
Peña Search Consulting
an updated, unified service fee that is competitive and reasonable; and
Legal Counsel
n Becoming more effective stewards of how we
Joseph M. “Jody” Grant Chairman of the Board
use discretionary assets (unrestricted and field of interest funds) to focus those resources in strategic ways that return the biggest bang for the buck.
Brent E. Christopher President and Chief Executive Officer
Terdema L. Ussery II
Ruth Sharp Altshuler
Dallas Mavericks
Ex-Officio Chairman’s Circle
Charles J. Wyly, Jr.
Kathryn G. Henkel
Vester T. Hughes, Jr.
Ex-Officio Immediate Past Chair
General Counsel
Senior Tax Counsel
K&L Gates, LLP
K&L Gates, LLP
Entrepreneur
Civic Leader
Learn about CFT’s Advisory Council and view a partial listing of funds at www.cftexas.org. 8
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Who We Are Community Needs Assessments
Why do donors, nonprofits and other community partners rely on
DonorBridge
Exemplary Service CFT is committed to serving and informing donors and nonprofits through:
Family Engagement
Donor Education
Letter of Inquiry Process Hosted Meetings
Legacy Giving Support
as a hub of effective philanthropy? Texas High School Project
Agency Funds
Donor-Advised Funds
To meet donor and community needs, CFT expertly administers the resources of a range of funds, including:
Discretionary Funds
Trusted Partner
Designated Funds
Wise Stewardship
Convenings
Entrepreneurs for North Texas
Scholarship Funds
W.W. Caruth, Jr. Foundation
CFT’s deep community knowledge and ability to collaborate enable partnership initiatives, including:
Professional Seminars
Caruth Homeplace
Advisory Council
To learn more about these initiatives and other ways CFT enhances the experience and impact of giving, visit cftexas.org. 11
Selected Grants As part of the total $73 million in grants paid by CFT, funds awarded to the efforts below are a sampling of plans brought to fruition
2010 Grants Distribution
in fiscal year 2010. These projects transformed vision into action for the benefit our community. n A rts & C ulture
S ocial S erv ices
n Cultural Data Project
n Housing Crisis Center $20,000 to support a newly created development position focused on helping the organization secure new funding streams. The Housing Crisis Center works to prevent homelessness by providing affordable short- and long-term transitional shelter to families, the elderly and the disabled.
$75,000 to bring the Cultural Data Project to Texas, through the creation of a task force to provide oversight and secure funding. The Cultural Data Project is an online management tool enabling arts and cultural organizations to strengthen their performance, grantmaking efficacy and advocacy efforts by allowing the tracking and benchmarking of financial and program data.
2%
Nature & Other
3%
Inner City Activities
4%
Youth
10% Health 10% Religious Activities 14% Arts & Culture 24% Social Services 33% Education
P ublic S afety n Safer Dallas Better Dallas $4,195 from a donor-advised fund to Safer Dallas Better Dallas for the purchase of a narcotics dog for the Dallas Police Department. This grant responded to an urgent request to assist the DPD in acquiring an essential law enforcement tool for the Narcotics Division, contributing to the overall quality of life in the Dallas area.
E ducation n Zero to Five Funders Collaborative $150,000 to support language development and parental education programs for children in the Bachman Lake neighborhood. The Zero to Five Collaborative is a consortium of 19 Dallas-area funders whose mission is to equip, encourage and support parents and caregivers to prepare children ages 0 to 5 for success in school.
Y outh n Big Brothers/Big Sisters
n St. Mark’s School of Texas
Total Grants Paid (in millions)
$2,993,750 from the W. W. Caruth, Jr. Foundation to create the Caruth Juvenile Delinquency Prevention Initiative. This funding will enable Big Brothers/Big Sisters to design a model program to provide positive intervention in the lives of 1,000 at-risk youth at critical junctures in their lives to reduce levels of delinquency.
$1,000,000 committed through highly structured grants from a donor-advised fund over ten years in strategic support of the institution’s financial aid program. The funds will contribute directly to on-campus quality of life and open doors of opportunity to boys in the Dallas area who otherwise could not attend St. Mark’s.
$80 $61
$67
$69
$67
05
06
07
$84 $73
$44
H ealth
$37
$33
n American Heart Association $3,532,500 over two years from the W. W. Caruth, Jr. Foundation to establish an optimal response system for heart attack victims across Dallas County. Grant funds will be used by American Heart Association, in partnership with the medical community, to transform emergency care for heart attacks in order to dramatically improve patient outcomes.
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02
03
04
Fiscal years ending June 30
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13
08
09
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Financial Information 2010 Composition of Gifts
2010 Composition of Assets
Supporting Organization
0.0
Supporting Organization
251.5
Investment Managers
236.9
Aberdeen Asset Management, PLC
Donor-Advised Funds
27.6
Donor-Advised Funds
Designated Funds
26.1
Designated Funds
82.2
Discretionary Funds
18.8
Discretionary Funds
81.7
General Operating Funds
0.2
General Operating Funds
7.4
Charitable Remainder Trusts
0.3
Charitable Remainder Trusts
8.0
Scholarship Funds
0.5
Nonprofit Agency Funds
Total gifts
30.0
Scholarship Funds
$73.5
7.3
Total assets
$705.0
Barrow, Hanley, Mewhinny & Strauss, Inc. Burgundy Asset Management Credit Suisse Disciplined Growth Investors Hotchkis and Wiley Capital Management BNY Mellon Cash Investment Strategies State Street Global Advisors Western Asset Management Company Custodian
Total Contributions Received
Assets
(in millions)
BNY Mellon
(in millions)
Legal Counsel K&L Gates LLP Independent Auditor
$90
$801
$97 $82
$76
$67
$74
$627
$578 $562
$605
$647
$700
McGladrey & Pullen, LLP
$754 $651
$705 Investment Consultant Rogerscasey
$46
$41
To review the annual independent
$22
$16
audit report and the related audited consolidated financial
01
02
03
04
05
06
Fiscal years ending June 30
07
08
09
10
01
02
03
04
05
06
07
08
Fiscal years ending June 30
14
15
09
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statements with footnotes, please visit www.cftexas.org.
Corporate Information Core Staff LEADERSHIP
Facilities and Administration
Philanthropy
Reo Pruiett, Ed.D.
D’Etta Hughes
Monica Egert Smith
Program Officer, Learning Systems
Brent E. Christopher
Human Resources Manager
Community Philanthropy Director
Denise Davis
President & Chief Executive Officer
Christina Gibson
Anita Lawson
Associate Program Officer, Learning Systems
Receptionist
Database Operations Director
Senior Vice President & Chief Financial Officer
Liz Moyer
Karen Gutierrez
Facilities Manager
Data Integrity Manager
Sarah C. Nelson
Jerry Jones
Chief Philanthropy Officer
Facilities Assistant
Sonja Eldridge
Lisa Stabler
Executive Assistant to CEO/CFO
Meeting Coordinator
Michelle Wisdom
Elizabeth W. Bull
W.W. Caruth, Jr. Foundation Jeverley R. Cook, Ph.D. Executive Director
Finance and Administration
Investments and Accounting
Matt Allen
Susan Henderson Program Manager, Professional Development Network
Liza Ceniceros Administrative Assistant
Lora McKeown
Information Technology Manager
Texas High School Project
Charles Daniel
LEADERSHIP
Technical Support
J. Steven Orr
John Fitzpatrick
Vice President, Investments
Relationships
Executive Director
Kristine Thomas
Development and Donor Services
George Tang
Vice President, Accounting
Bobby Lewellen
Jackie W. Franey Donor Relations Director
Gaylette Wineberg
Accounting Manager
Kelbert McGee
Roman Herrington
THSP Cost Analyst
Donor Services Director
Dawn Jimenez
Kelly Donohue
Senior Accounts Payable Administrator
Donor Services Manager
Donna Langdon
Associate Program Officer, Learning Systems
Chief Operating Officer
Executive Assistant to ED/COO
Administrative Assistant
RESEARCH, ADVOCACY & COMMUNICATIONS Heather Zavadsky, Ph.D. Director, Research and Implementation
Daisy Santosh, Ph.D. Research Associate
Anna Walden Project Manager
FINANCE AND ADMINISTRATION Lucinda Jones-English Finance Manager
Roberta Ripke
Accounts Payable Administrator
Executive Director, Palacios Area Fund
PROGRAMS
Karen Mercado
Donna Walden
J. Chris Coxon
Accounting Assistant
Executive Assistant
Gene AcuĂąa Director, Advocacy & Media Relations
Mark Baxter Associate Program Officer, Policy & Advocacy
Chief Program Officer
Entrepreneurs For North Texas
Nancy Willis
Pam Gerber
Special Initiatives
Grants and Program Manager
Executive Director
Paula Peters
Dee Chambliss
Senior Director, Special Initiatives
Jenna Hovey
Program Officer, External Partnerships & Advocacy Liaison
Program Associate
Alma Garcia Program Officer, Learning Systems
our Mission
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CFT stimulates creative solutions to key challenges in our community. We thoughtfully and effectively support our diverse donors and grantees by providing exemplary service and by demonstrating accountability. We improve lives through an unwavering commitment to lasting impact.
Confirmed in Compliance with National Standards for U.S. Community Foundations
Enhancing the experience and impact of giving. 5500 Caruth Haven Lane
Dallas, Texas 75225-8146
214.750.4222
Fax 214.750.4210
www.cftexas.org