Communities Foundation of Texas 2018 Annual Report

Our annual report may look a little smaller this year.

But that’s not because we’re doing less.

In fact, it’s because we’ve been doing so much more.

This fall, we’re launching a brand new CFTexas.org. Our completely redesigned website is full of new tools and resources to make your giving easier,

SI D E by S I DE more enjoyable, and more impactful.

For a richer, more comprehensive experience that takes advantage of these new interactive features, we are releasing our 2018 Annual Report as a microsite at

CFTexas.org/SideBySide

Read previews of the inspiring stories you’ll find there in this booklet, then explore more online and let us know what you think.

2018 Annual Report

D AV E S C U L L I N , P R E S I D E N T A N D C E O

COMMUNITIES FOUNDATION of TEXAS

SI D E by S I DE 2018 Annual Report

SI D E by S I DE we’re building thriving communities for all.

Our community is a special place with a long history of caring citizens, rapid growth, and economic opportunity. But as it continues to grow, so too do the needs of those facing imbalances in income, racial equity and education. And data suggests these needs are increasing.

But the future of our community can remain bright.

At Communities Foundation of Texas, we work side by side with caring donors, committed nonprofits, philanthropy-focused businesses and civic leaders to help build communities that thrive for all.

Reading Resource Fund Advisors

SIDE by S IDE

We’re Securing a Brighter Future

COMMUNITIES FOUNDATION OF TEX AS

2018 ANNUAL REPORT

Reading Resource Fund Advisors with CFT’s Celeste Arista Glover When the nonprofit Reading & Radio Resources planned to sunset their operations, they wanted to unwind their assets in a way that would carry on their legacy of helping the vision-impaired as well as those with reading disabilities. After interviewing multiple partners, the board made the unanimous decision to open a discretionary fund with CFT. “We loved CFT’s energy, philosophy and their experience in the education field.”

The result was a unique partnership that trailblazed new opportunities for grantmaking.

Read the full story at 5

CFTEXAS.ORG/SIDEBYSIDE/RRF

with CFT’s Celeste Arista Glover (third from right)

Left to right: Chris Popolo, Carrie Freeman-Parsons,

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We’re Building a Lasting Legacy For the Freeman Family, “forward-thinking” is a family value. As their family business, The Freeman Company, grew to become the world’s largest provider of brand experiences, Don and Bev Freeman set an example for their daughters of the importance of paying their success forward. That philosophy is reflected in their family’s generational approach to philanthropy.

2018 ANNUAL REPORT

COMMUNITIES FOUNDATION OF TEX AS

The Freeman Family and CFT’s Melissa Hardage

Together, the family have trusted their legacy with CFT in ways that will ensure their vision for the community is carried forward for generations.

Read the full story at CFTEXAS.ORG/SIDEBYSIDE/FREEMAN

7

CFT’s Melissa Hardage, Don Freeman, Bev Freeman

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We’re Spreading Good Cheer People often think of Santa as a man with a big, white beard, but Phyllis Meyerson has been defying expectations all her life.

2018 ANNUAL REPORT

COMMUNITIES FOUNDATION OF TEX AS

Phyllis Meyerson with CFT’s Galen Smith and Geri Jacobs

Nearing retirement from a career in banking technology, Phyllis said to herself “You know what would be fun? Going around giving money to all my friends.”

So she made a list of favorite nonprofits, put on a Santa hat, and went around town surprising them with checks. CFT made “Santa’s List,” and together the team spread the impact of that generous gift in unique and impactful ways.

Read the full story at CFTEXAS.ORG/SIDEBYSIDE/MEYERSON

CFT’s Galen Smith, Phyllis Meyerson (center)

9

and CFT’s Geri Jacobs (right)

Suzy and Larry Gekiere

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We’re Collaborating to Protect the Vulnerable Larry and Suzy Gekiere are proof that even the most experienced philanthropists can benefit from working with CFT. The Gekieres had a clear vision for the community they wanted to impact — low income working families — and a goal for finding the right nonprofit. But the more research they did, the more equally deserving nonprofits they found working in overlapping areas, making it impossible to support all of them.

2018 ANNUAL REPORT

COMMUNITIES FOUNDATION OF TEX AS

Suzy and Larry Gekiere with CFT’s Wende Burton

As CFT had helped the Gekeieres hone their giving strategy in the past, they approached CFT with an idea. What if they could support nonprofit collaboration instead?

Read the full story at 11

CFTEXAS.ORG/SIDEBYSIDE/GEKIERE

with CFT’s Wende Burton (right)

Texadia’s Steve Burke

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We’re Practicing Good Business Texadia’s relationship with CFT for Business (CFT4B) started with a simple goal. “We were looking for a way to give back,” said president and founder Steve Burke. “We wanted to become a part of the community.” Steve and executive vice president Dawna Payne began working with Sejal Desai, business engagement director at CFT4B, to develop a plan for the company’s philanthropy.

2018 ANNUAL REPORT

COMMUNITIES FOUNDATION OF TEX AS

Texadia’s Steve Burke and Dawna Payne with CFT’s Sejal Desai

Thanks to the diverse opportunities that CFT offered them, that spark of generosity would transform into a vibrant and thriving culture of giving at the organization.

Read the full story at 13

CFTEXAS.ORG/SIDEBYSIDE/TEXADIA

and Dawna Payne with CFT’s Sejal Desai (right)

CFT’s Ami Doshi (standing, left)

We’re Inspiring the Next Generation

COMMUNITIES FOUNDATION OF TEX AS

The Carter Family with CFT’s Carolyn Newham and Ami Doshi

For Chris and Abbey Carter, the importance of raising their children to be generous people, focused on how to help the world around them, has been a motivating factor in their charitable giving.

2018 ANNUAL REPORT

COMMUNITIES FOUNDATION OF TEX AS

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When they opened a donor-advised fund at CFT, the family’s relationship with Carolyn Newham, senior director of donor relations and fund administration, and Ami Doshi, donor initiatives officer, helped the whole family engage with philanthropy on a deeper level.

Read the full story at CFTEXAS.ORG/SIDEBYSIDE/CARTERS

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and Carolyn Newham (standing, right) introducing the Carter family to a kid-friendly charitable giving exercise

We’re Educating Texas Thriving communities are built on thriving educational systems. As a statewide, public-private education initiative of CFT, Educate Texas (EdTx) worked side by side with educators, funders and policymakers to advance four critical impact areas in 2018: College and Career Readiness, Effective Teaching, Higher Education and Collective Impact.

2018 ANNUAL REPORT

COMMUNITIES FOUNDATION OF TEX AS

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HIGHER E D U C AT I O N

COLLEGE AND CAREER READINESS

EdTx works across the state, from Dallas to El Paso and Austin to the Rio Grande Valley, with K-12 districts and schools, collaborates with higher education leaders, partners with funders and informs policymakers – all to improve the public and higher education systems so that every Texas student is successful in school, the workforce and in life.

COLLECTIVE I M PA C T

Go online to learn more about a sampling of the innovative projects EdTX took on in 2018 to compel students toward success online.

View an interactive map of EdTX projects at 17

CFTEXAS.ORG/SIDEBYSIDE/EDTX

EFFECTIVE TEACHING

We’re Powering a Culture of Giving

$48,479,823

THROUGH

157,184 GIFTS

RAISED FOR

FROM

81,000 DONORS

COMMUNITIES FOUNDATION OF TEX AS

2,690 NONPROFITS In 2018, CFT’s North Texas Giving Day celebrated ten years. Over the past decade, North Texas Giving Day has grown to become the nation’s largest single-day online giving event, smashing records every year.

2018 was no exception.

2018 ANNUAL REPORT

COMMUNITIES FOUNDATION OF TEX AS

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WE MAKE A BIG IMPACT!

$

4

$

5

$

MILLION

10.7

$

14.4

$

25.2 26.3 $

$

MILLION

33 37 $

MILLION

MILLION

$

39 MILLION

48

$

MILLION

MILLION

MILLION

MILLION

MILLION

Read more and view complete statistics at CFTEXAS.ORG/SIDEBYSIDE/NTGD

19

2009

6.5K Gifts 345 Nonprofits

2010

7.9K Gifts 456 Nonprofits

2011

13.5K Gifts 616 Nonprofits

2012

37.8K Gifts 927 Nonprofits

2013

75.3K Gifts 1,350 Nonprofits

2014

98K Gifts 1,580 Nonprofits

2015

118.6K Gifts 2,022 Nonprofits

2016

142K Gifts 2,518 Nonprofits

2017

137K Gifts 2,723 Nonprofits

2018

157K Gifts 2,690 Nonprofits

3% 3% 9% 9% 9% $109

$106

$109

$106

9%

$95

$106

$106

$102

11% 11% 11%

$86

$93

$98

9% 9%

OTO HT EH R ER

Y OY UO TH U T&H & REC RR EC E AT R EIAT ON ION OTHER

A RA T SR T&S C&UC L TUUL R TU E RAER T S & C U L T U R E

$101

$101 $107 $101 $102 $102 $106 $106 $109 $109 $101 $106 $106 $102

$107 $95

$93

$86

$98 $98 $93 $93 $95 $95 $86 $86

$98

$107 $107

$1,126

$1,099

$651

$651 $651 $705 $705 $769 $769

2018 GRANTS DISTRIBUTION

9%

ASSETS (in millions, unaudited)

21

’09

’10

’11

’12

’13

’16

’14

’17

’15

’18

’16

View complete financials at CFTEXAS.ORG/SIDEBYSIDE/FINANCIALS

’14 ’14’15 ’15’16 ’16’17 ’17’14 ’18 ’18’15

’17

’18

’16

’17

TOTA L G I F T S R ECE I V E D (in millions, unaudited)

’14

’15

’18

’16

’14 ’14’15 ’15’16 ’16’17 ’17’14 ’18 ’18’15

’17

’18

’16

’17

OTHER EDE UD CU AT CIAT ON ION

TOTA L G R A N T S PA I D ’16

’17

’18

E D U C AT I O N

26%

E D U C AT I O N

11%

18% 18% 18%

12% 12% 12% 12% 12%12% 12%

’18

’14 ’15 (in millions, unaudited)

YOUTH & R E C R E AT I O N

A R T S & C U LT U R E

C OCMOMMUM NU I TNYI T Y C O M M U N I T Y I M PI M RO P RVO EM V EEM NE T N TI M P R O V E M E N T

R E LRIEGLIIO GN ION

’09 ’09’10 ’10’11 ’11’12 ’12’09 ’13 ’13’10 ’14 ’14’11 ’15 ’15’12 ’16 ’16’13 ’17 ’17’14 ’18 ’18’15

3% 3% 9%26% 26% 26%

YOUTH & R E C R E AT I O N

COMMUNITY IMPROVEMENT

2018 ANNUAL REPORT

COMMUNITIES FOUNDATION OF TEX AS

GRANTS

$1,126

$1,027

$1,067 $1,099

$1,027 $1,065

GIFTS

$982 $982 $705 $1,065 $1,065 $651 $769 $1,067 $1,067 $705 $853 $1,027 $1,027 $769 $982 $1,099 $1,099 $853 $1,065 $1,126 $1,126 $982 $1,067

ASSETS

$853 $853

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2018 Financials

RELIGION

18%

H EH A LETAHL T&H S&C ISECNI E THN I FETIAICFL ITCH & S C I E N T I F I C R E SREEA SR EA CR HC H RESEARCH

12%

H OHUO S IUNSGI N&G H&UH MUA HM N S IIN R EOA LUING OGN & H U M A N SER SV ER I CVEI S CES SERVICES

HOUSING & HUMAN SERVICES

H E A LT H & S C I E N T I F I C RESEARCH

OUR BOARD OF TRUSTEES

Side by Side, we’re doing more than ever before, Jim Bass

Bobby B. Lyle

Manager Trinity Summits, LLC

President and CEO Lyco Holdings, Inc.

Board Chair

Board Vice Chair

Richie Butler

Michael Dardick

Senior Managing Director Prescott Realty Group

Chief Executive Officer, Granite Properties

Read more about this year’s highlights and view photos, infographics and interactive maps at CFTexas.org/SidebySide/YearinReview.

José (Pepe) Guevara

Kenneth Hersh

Chris Kleinert

Sarah Losinger

Founding Managing Director, Millstone Assets

President and CEO George W. Bush Presidential Center

President and CEO Hunt Consolidated Investments, LLC

Civic Leader

Tom Montgomery

Alfreda Norman

Connie O’Neill

Carlos González Peña

Partner, Montgomery, Coscia, Greilich LLP

Senior Vice President Federal Reserve Bank of Dallas

Civic Leader

President and Founder Peña Search Consulting, LLC

The Honorable Florence Shapiro

Nicole G. Small

G. Stacy Smith

President Lyda Hill Foundation

Partner Trinity Investment Group

Former Texas State Senator

making a difference across North Texas and beyond.

COLLIN COUNTY OFFICE Sarah Beeks Higdon With 90+ experts on staff

2401 Internet Blvd., Suite 101,

and four locations across Texas,

Hall Park G1, Frisco, Texas 75034

Communities Foundation of Texas

(214) 750-4247

is making an impact state-wide.

DALLAS OFFICE 5500 Caruth Haven Lane Dallas, Texas 75225 (214) 750-4222 PALACIOS OFFICE

AUSTIN OFFICE

454 B Main Street

1303 San Antonio Street

Palacios, Texas 77465

Suite 830

(361) 972-3960

Austin, TX 78701 (737) 708-8150

RIO GRANDE VALLEY OFFICE 407 N. 77 Sunshine Strip Harlingen, TX 78550 rgvfocus@cftexas.org

C F T E X A S . O R G | E DT X . O R G | N O R T H T E X A S G I V I N G D AY. O R G