2014 Annual Report - Communities Foundation of Texas

DEEP I N

T H E

HEART O F

GIVING COMMUNITIES FOUNDATION of TEX A S 2014 ANNUAL REPORT

Communities Foundation of Texas fund holder and White Rock Lake Conservancy board member Mickie Bragalone is passionate about the lake. “It’s a beautiful place that brings Dallas together,” she says.

“There is something for everyone to enjoy here, and best of all, it’s free and accessible to all citizens.”

The White Rock Lake Conservancy, with funding from Communities Foundation of Texas, is working to preserve and enhance the safety, beauty and identity of the lake for generations to come.

Every charitable act comes from

Some give because they have a vision of a brighter future, shaped by challenges they have overcome. Others are motivated by family members and friends who have inspired them. Many are moved by deep convictions, or by pure, profound compassion.

Whatever the inspiration, donors hold these passions close to their hearts, where they form the wellspring of philanthropy.

This is where Communities Foundation of Texas resides—deep in the heart of giving. We are a hub of philanthropy, with a depth of resources, charitable expertise, proven history and commitment to the community that enables us to amplify and multiply those seeds of goodwill.

We take the raw material of hopes, dreams and ideals and translate them into tangible results that transform communities.

We connect donors to the causes that move them, empower businesses to do good, strengthen nonprofits and foster an ever-expanding culture of giving with a heart as big as the great state we call home.

COMMUNITIES FOUNDATION of TEX A S

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“Joellyn wanted to support other women battling breast cancer, and I know she would be proud of the fund we’ve established.

CFT took the administrative burden off my shoulders so I could focus on honoring her memory.”

DAN SMITH Fund Holder, Communities Foundation of Texas

D

an and Joellyn Smith were always strong proponents of helping those in need. They established the Smith Family Fund at Communities Foundation of Texas as a way to pay

their prosperity forward.

After Joellyn passed away from breast cancer, Dan approached us for guidance on how to honor her memory. Together we created the Joellyn Smith Fund for Breast Cancer Support and matched him with the Bridge Breast Network, which fit Dan’s vision to provide practical support to low-income uninsured women.

Joellyn Smith always made philanthropy a priority in her life.

Thanks to her loving family and support from Communities Foundation of Texas, she is still giving back today.

DEEP IN THE HEART of GIVING

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COMMUNITIES FOUNDATION of TEX A S

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COMMUNITIES FOUNDATION of TEX A S

“Karen and I believe the legal profession has an obligation to assure access to justice for lower-income individuals. We had the resources and desire to work towards achieving this, but didn’t know how.

That’s where CFT stepped in and helped us turn our philanthropic vision into tangible results.”

MIKE TANKERSLE Y Fund Holder, Communities Foundation of Texas

M

ike Tankersley hires lawyers who will never work a single day for him. He and his wife, Karen, also an attorney, approached Communities Foundation of Texas seeking

to translate their business law practices into courtroom assistance for the less fortunate.

We helped them set up a donor-advised fund providing two years of support for a new, full-time lawyer at Legal Aid of Northwest Texas.

It’s a hire with a higher purpose, and Communities Foundation of Texas helped make it happen.

DEEP IN THE HEART of GIVING

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“My family cares deeply about supporting children in need. The GiveWisely program at CFT gave us invaluable tools and advice to help us achieve our charitable goals.”

GINI FLORER Philanthropist and GiveWisely Par ticipant

F

ollowing a stroke in utero that left her son with his brain severely damaged, Gini Florer has become a champion for children with special needs.

John Lawson has progressed beyond expectations, but still needs special care. Grateful for the caregivers in their life, Gini and her husband, John, were inspired to provide support to other families with similar life circumstances.

The GiveWisely series at Communities Foundation of Texas helped the Florers sharpen their personal giving strategy — one that reflects the lessons learned through their unique experiences. Through the class, they decided to give to Rays of Light, a nonprofit providing childcare support for parents of special needs children.

DEEP IN THE HEART of GIVING

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COMMUNITIES FOUNDATION of TEX A S

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COMMUNITIES FOUNDATION of TEX A S

“EFNT and CFT epitomize the can-do spirit of the Texas entrepreneurial culture. Encore is proud to be an EFNT member company and give back through events like Freedom Day.” BRAD MILLER President, Encore Multifamily & Business-Advised Fund Holder

B

rad Miller is one of the many businesspeople fostering a community of service and building a philanthropic legacy from the ground up through Entrepreneurs For North Texas

(EFNT), a Communities Foundation of Texas program that makes it easy for small and midsized companies to do good.

Each year on 9/11, EFNT hosts Freedom Day, an inspirational day of community service. This year, more than 911 volunteers from the business community put the tools of change to work by renovating transitional housing for veterans and revitalizing the VA North Texas Health Care System’s Dallas Campus. A veteran himself, Brad was proud to serve those who have served.

DEEP IN THE HEART of GIVING

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“What I always stress on Giving Day is that when you give to places like shelters, a lot of the people who benefit end up doing great things and giving back.�

TIM VON HAT TEN Nor th Texas Giving Day Donor

T

im Von Hatten knows the encompassing despair of homelessness. He felt trapped in a vicious cycle of addiction and joblessness with nothing to call his own, until Arlington Life

Shelter offered him a safe haven, tough love and practical advice that helped him find a job. After four years without missing a day of work, that job has blossomed into a fulfilling career and a bright future.

On North Texas Giving Day, Tim was able to donate to the organization that changed his life. During this annual giving event, thousands of people donate to nonprofits like Arlington Life Shelter that are improving our community. Thanks to the incredible outpouring of support, many of the discouraged and hopeless are empowered to eventually give back themselves, creating an enduring cycle of giving.

DEEP IN THE HEART of GIVING

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COMMUNITIES FOUNDATION of TEX A S

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A LETTER FROM THE PRESIDENT

“So what do you hold

C L O S E T O Y O U R H E A R T ?”

Y

ou’ve just read a sampling of stories about donors whose families, experiences and ideals have shaped their giving. But what about you?

No matter your answer, your charitable passions added up to something really special this year.

That’s because for the first time in our 61-year history, Communities Foundation of Texas paid out $100 million in charitable grants. (Actually, it was $101 million; and every million counts.)

What a milestone to celebrate! The amount of grants through CFT varies each year, largely due to the recommendations by donors from advised funds and the grants initiated by staff from discretionary funds, along with the success of North Texas Giving Day. But we’ve never crossed the $100 million mark of annual grantmaking. Until now.

Brent E. Christopher PRE S ID ENT A ND CEO

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Needless to say, that amount of grantmaking is a powerful statement. You can think of it as not just the number of dollars, but the countless number of people that will thrive as a result. That’s breathtaking.

With CFT alongside you, the ripple effect in those lives got an extra boost. Maybe that boost was through matchmaking of community needs with your interests, or the research of a strategic grant. Perhaps it was the quality of the cost-effective management of the charitable assets that funded the grant. Or maybe it was collaboration with other leaders, like-minded donors and dedicated nonprofits to come up with new ideas that make the community stronger. In all of those cases, that’s why we’re here.

Huey Lewis sang about the heart of rock and roll.

There’s nothing wrong with feeling the energy in a good song. But when you look at impact, it’s really the heart of giving that’s still beating!

BOARD OF TRUSTEES AND LEGAL COUNSEL

Our Board

Frank Risch

Terdema L. Ussery II

James E. Bass

Becky Bright

Brent Christopher

Jeanne T. Cox

Board Chair

Board Vice Chair

President Ojai Goliad, LLC

Civic Leader

President and CEO Communities Foundation of Texas

Civic Leader

Judith W. Gibbs

Frederick B. Hegi, Jr.

Kenneth Hersh

Jack M. Kinnebrew

Chris Kleinert

Bobby B. Lyle

Civic Leader

Immediate Past Chair

Cofounder and CEO NGP Energy Capital Management

Attorney Strasburger & Price, LLP

Hunt Consolidated Investments, LLP

President and CEO Lyco Holdings, Inc.

Karen Shuford

Nicole G. Small

Civic Leader

President Lyda Hill Foundation

Civic Leader

President and CEO Dallas Mavericks

Principal Wingate Partners

John McStay

Harold Montgomery

Carlos González Peña

John McStay and Associates

Chairman and CEO Calpian, Inc.

President and Founder Peña Search Consulting, LLC

The Honorable Florence Shapiro Former Texas State Senator

CFT’s funds and underlying assets are governed by an independent board of trustees composed of respected community leaders from diverse backgrounds. CFT board members are selected for their knowledge of community needs and for their professional expertise. The trustees’ charge is to understand donors’ interests and the roles of nonprofits, acting as stewards for more than 900 funds. Trustees serve without compensation and exercise final authority with regard to all CFT investments and charitable grants.

Ruth Sharp Altshuler

Vester T. Hughes, Jr.

Ex-Officio, Chairman’s Circle

K&L Gates, LLP

Civic Leader

Senior Tax Counsel

In addition to its board of trustees, CFT also has an advisory council that includes leaders from myriad businesses and civic and cultural organizations. Beyond generating public support for the foundation’s work, advisory council members provide educated and objective viewpoints that are valuable to CFT’s projects and endeavors. For a full listing of our advisory council, please visit www.CFTexas.org.

DEEP IN THE HEART of GIVING

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FINANCIAL INFORM ATION

ASSETS

$1,065

(in millions, unaudited)

$982

$853 $801

$769

$754 $705

$700 $605

04

$651

$647

05

06

07

08

09

TOTA L G I F T S RECEIVED

2014 COMPOSITION OF ASSE TS (in millions, unaudited)

W.W. Caruth, Jr. Foundation

382.6

Donor-Advised Funds

312.9

Discretionary Funds

123.5

Other Supporting Organizations

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11

12

13

14

95.1

Designated Funds

85.0

Nonprofit Agency Funds

34.1

Scholarship Funds

15.0

General Operating Funds

8.6

Charitable Remainder Trusts

8.4

TOTAL ASSETS

$1,065.2

2014 COMPOSITION OF GIF TS

$134

(in millions, unaudited)

(in millions, unaudited)

$87

$86 $73

Donor-Advised Funds

45.3

Agency Funds

20.5

Designated Funds

20.2

Other 0.1

$54

TOTAL GIFTS

10

14

11

12

13

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COMMUNITIES FOUNDATION of TEX A S

$86.1

2014 GRANTS DISTRIBUTION

8%

6% Other

3%

I N V E S TM E N T M A N A G E R S

Youth & Recreation

27%

Community Improvement

Education

10%

Aberdeen Asset Management, PLC Barrow, Hanley, Mewhinny & Strauss, LLC BlackRock BNY Mellon Cash Investment Strategies Burgundy Asset Management Ltd.

Housing & Human Services

Credit Suisse Disciplined Growth Investors, Inc.

11%

19%

Religion

Health & Scientific Research

16%

Hotchkis and Wiley Capital Management, LLC Pacific Investment Management Company, LLC State Street Global Advisors The Investment Fund for Foundations (TIFF)

Arts & Culture

Western Asset Management Company

TOTA L G R A N T S PA I D

CUS TODIAN

(in millions, unaudited) $101

BNY Mellon LEG AL COUNSEL

$79

$76

$73

K&L Gates, LLP

$66

INDEPENDENT AUDITOR Cole & Reed, P.C. I N V E S TM E N T C O N S U LTA N T Segal Rogerscasey

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11

12

13

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For a listing of named funds at CFT and to review the annual independent audit report and the related audited consolidated financial statements with footnotes, please visit www.CFTexas.org.

Fiscal years ending June 30 15

WORKING POOR

Strengthening

NONPROFITS THROUGH THE D3 INSTITUTE

T

he Data Driven Decision-Making Institute (D3) provides training to organizations serving low-income working families in making effective use of data. Key data can be used to make informed, relevant, strategic decisions, evaluating programs and organizational impact, overcoming cultural barriers to change within organizations and better telling an organization’s story.

“The D3 Institute was a game changer for us.”

“The ultimate impact is for our clients. Because of D3 we’re now keenly focused on helping them reach important outcomes that not only have a personal effect but will also have lasting, positive effects for our community too. It’s incredible to think that a 50-hour course can have such significant impact.”

K ATIE PAT TERSON | Richardson Adult Literacy Center

D 3 M E M B E R O R G A N I Z AT I O N S 46 nonprofits have participated since 2012 2012/2013 CL ASS

2013/2014 CL ASS

2014/2015 CL ASS

AVANCE

Bryan’s House

Arlington Life Shelter

Builders of Hope CDC

Children’s Advocacy Center of Collin County

Consumer Credit Counseling Service

Catholic Charities of Dallas

Cornerstone Assistance Network

of Greater Dallas

CitySquare

Crossroads Community Services

Community Enrichment Center

Genesis Women’s Shelter

Galaxy Counseling Center

Community Lifeline

Dallas Area Habitat for Humanity

Grapevine Relief and Community

Dallas Leadership Foundation

Healing Hands Ministries

Exchange (GRACE)

Family Pathfinders of Tarrant County

H.I.S. BridgeBuilders

International Rescue Committee

Habitat for Humanity of Greater Garland

Interfaith Housing Coalition

Irving Cares

Housing Crisis Center

Jewish Family Services

The Ladder Alliance

Interfaith Ministries of Denton

Literacy Instruction For Texas (LIFT)

Richardson Adult Literacy Center (RALC)

LaunchAbility

NETWORK of Community Ministries

SafeHaven of Tarrant County

Services of Hope

North Dallas Shared Ministries

Sharing Life Community Outreach

Voice of Hope Ministries

The Senior Source

Vogel Alcove

Wisdom’s Hope

Vickery Meadow Learning Center (VMLC)

Volunteers of America Texas

YWCA of Fort Worth & Tarrant County

YWCA of Metropolitan Dallas

Wilkinson Center YMCA of Metropolitan Dallas

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COMMUNITIES FOUNDATION of TEX A S

N O R T H T E X A S G I V I N G DAY R EP O R T

Extending

GENEROSIT Y O N G I V I N G DAY

I

n a landslide of giving, the sixth annual North Texas Giving Day exceeded its own national giving day record. Communitywide events, nonprofit performances and a groundswell of support led to widespread buzz and excitement. The staggering number of donations poured in from all 50 states, six territories and more than 28 countries.

N O R T H T E X A S G I V I N G DAY H I G H L I G H T S

98,056 26% Total number of donations made in 17 hours

Percentage of donations that were a donor’s first to the chosen charity

1,580

Number of nonprofits receiving donations on North Texas Giving Day

$26.3 M ILLIO N

$25.2

2014

M I LLI O N

2013

$14.4 MILLION

$10.7

2012

MIL LION

2011

$5

$4

MI L L I O N

MILLIO N

2009

2010

$86 MILLION

raised in

6 DAYS

DEEP IN THE HEART of GIVING

over

6 YEARS 17

W.W. C ARUTH , JR . FOUNDATION

Revolutionizing

H E A LT H C A R E WITH THE PARKL AND INFORM ATION E XCHANG E P ORTAL

A

$12 million grant by the W.W. Caruth, Jr. Foundation at Communities Foundation of Texas will enable the Parkland Center for Clinical Innovation (PCCI) to build the Dallas Information Exchange Portal (IEP), a revolutionary electronic data integration platform that will transform health care delivery and serve as a model for the state and country.

The Dallas IEP will help solve the problem of fragmented patient information that inhibits delivery of care. Critical knowledge is often lost as vulnerable patients move in and out of the social service and health care systems, with results that can be devastating.

The Dallas IEP will use artificial intelligence and advanced analytics to predict patients’ risks of adverse health events and help providers deliver the best care. The results of such a breakthrough will be nothing short of revolutionary.

The future of health care as we know it is about to change.

“The IEP will make Dallas the most advanced city in the nation with respect to information exchange,” said Dr. David Krause, president and CEO of Parkland Foundation. “We are truly blessed by the support of the Caruth Foundation at CFT to bring this incredible resource to life.”

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COMMUNITIES FOUNDATION of TEX A S

31st

17%

AT-R I S K M I D D L E S CH O O L YO U T H

Multiplying

LE ADERSHIP AT TE ACHING TRUS T

I

n 2013, Teaching Trust was given a two-year grant as part of Communities Foundation of Texas’s Community Impact grantmaking focus on at-risk middle school youth. The organization’s leadership programs have made remarkable progress in improving teacher effectiveness, student achievement and a culture of learning in DISD middle schools, causing ripples that will continue to positively impact the district for years to come.

Heather Holland, Dallas ISD graduate, was in the charter 2009 Teach For America DFW corps and is now the Assistant Principal at L.V. Stockard Middle School. As part of her Aspiring Ed Leaders Residency Year with Teaching Trust in 2013, she worked closely with four 6th-grade teachers at Stockard. As a result of the team’s hard work and Heather’s leadership, the school’s 6th-graders outperformed all of Dallas ISD on the Fall 2013 interim STAAR-prep exams and ranked number one in the district for math.

HEATHER HOLL AND | Aspiring Ed Leader

C R E AT I N G A L E A D E R S H I P R I P P L E E F F E C T Program highlights made possible by the grants from Communities Foundation of Texas:

22 out of 40

Teaching Trust Aspiring Ed Leaders are working in middle schools

95% of Aspiring Ed Leaders are now in leadership roles (instructional coach, assistant principal, principal)

DEEP IN THE HEART of GIVING

16% of DISD middle school campus leadership teams trained during first year of the program

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EDUC ATE TEX A S

Amplifying

ED U C AT I O N EDUC ATE TE X A S CELEBR ATES TEN Y E ARS!

T

en years ago, Communities Foundation of Texas founded an innovative publicprivate partnership focused on a common goal: improving the public education system so that every Texas student is prepared for success in school, in the workforce and in life. Educate Texas turns 10 years old in 2014, and we are looking back at a decade of being a leading catalyst for progress in education.

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135

SCHOOL DISTRICTS

ECHS & STEM ACADEMIES

63K+ STUDENTS NOW ENROLLED

200% 15% 75  % more EdTX students are completing AP and dual credit courses than the average Texas student

more college-ready students graduate from EdTX programs than the state average

of EdTX students are historically underrepresented and economically disadvantaged

A F TER HIG H SCH O O L , EDT X G R A D UATE S: are going to college at a

are persisting in college at a

are projected to earn

higher rate than the average Texas student

higher rate than the average Texas student

more over their lifetime than the average Texas student

16% 21% $250K 20

COMMUNITIES FOUNDATION of TEX A S

THE HE ART OF OUR ORG ANIZ ATION

Our Staff LEADERSHIP

Dani Perry

Bilen Kassa

Amy Groff

President and Chief Executive Officer

Lisa Stabler

Sally Kurtz

Melissa Henderson

Amanda Roberts

Alyssa Steitz

Elizabeth Liser

Susan Henderson

Ann Marie Warrick

Carolyn Newham

Kristin Kuhne

Stephanie Valenzuela

Manny Lamarre

Angela Woodson

Kelbert McGee

Brent E. Christopher

Executive Assistant to the President, CEO and CFO

FINANCE AND A D M I N I S T R AT I O N Beth Bull

Senior Vice President and Chief Financial Officer

Inv e s tm e nt s a n d Ac c o unt i ng Phillip Adams

Senior Accounts Payable Administrator

Hospitality/Facilities Associate Meeting Coordinator Front Desk Coordinator EFNT/Human Resources Coordinator

PHIL ANTHROPY Sarah Cotton Nelson Chief Philanthropy Officer

Wende Burton

Community Philanthropy Director

Jennifer Clifford Philanthropy Officer

Zaneta Oliver

Investment Assistant

Sylvia Sanchez

Accounting Assistant

Kristine Thomas

Vice President, Accounting

Facilities and Ad m i n i s t ra t i o n Matt Allen

Information Technology Director

Philip Brown

Facilities Associate

Beverly Garner Facilities Director

Grants Associate

Advisor Relations Officer

ENTREPRENEURS for NORTH TEX A S Pam Gerber

Operations Associate

Community Philanthropy Director

Accounting Manager

Fund Administration Director

Monica Egert Smith

Donna Langdon Bobby Lewellen

Donor Services Director

Executive Director

Executive Assistant

Accounts Payable Administrator

Palacios Area Fund Coordinator

Lisa Pearrow

Brian Doyle

Vice President of Investments

Data Integrity Associate

R E L AT I O N S H I P S Susan Swan Smith

Chief Relationship Officer

Kimberly Bruce Sejal Desai

Program Director

E D U C AT E T E X A S John Fitzpatrick

Associate Program Officer Research and Evaluation Analyst Associate Program Officer Financial Analyst

Lora McKeown

Accounting Assistant

Jennifer Pearson

Director of Development

Catherine Pena i3 Project Manager

Reo Pruiett

Program Officer

Isaac Ricard

Marketing and Communications Manager Education Pioneers Graduate Fellow

Executive Director

Yvette Elkins

Chief Operating Officer

RGV Focus Project Manager

Luzelma Canales

Carol Pierce Goglia

RGV Collective Impact Executive Director

Daniel Tesfay

Executive Assistant Data Integrity Manager Marketing and Communications Director

George Tang

Chris Coxon

Karen Gutierrez

Chief Program Officer

Melissa Hardage

Associate Program Officer

Abigail Hazlett

Associate Program Officer

Claire Hodges

Associate Program Officer

Data Management Director Donor Initiatives Officer Projects Coordinator

Denise Davis

RGV Focus Analyst Education Pioneers Graduate Fellow

Daniel Toubolets

Analyst Education Pioneers Graduate Fellow

Katelyn Walbridge

Associate Program Officer Education Pioneers Graduate Fellow

Kelty Garbee

W.W. C A R U T H , J R .

F O U N D AT I O N

Alma Garcia

Karen Mercado

Geri Jacobs

Priscilla Aquino Garza

Director of Charitable Gift Planning

Esther Rodriguez

Denise Devora

Marketing and Communications Manager

Human Resources Coordinator

Policy Officer

Rachel Abbot

Human Resources Director

D’Etta Hughes

Director of Finance

Program Officer

Associate Program Officer, Policy and Advocacy

Design by O&H Brand Design | Photography by Kim Ritzenthaler Leeson

Jeverley R. Cook Executive Director

5500 Caruth Haven Lane Dallas, Texas 75225-8146 214.750.4222 Fax 214.750.4210 CFTexas.org | EdTX.org | EFNT.org | NorthTexasGivingDay.org