(from left) Dan Tatsch, North Texas Giving Day donor Kaitlin Guthrow, North Texas Giving Day Director of Sponsorships and Nonprofit Relations Dave Scullin, CFT President and CEO
 THRIVES
wh e re g iving
(from left) Dan Tatsch, North Texas Giving Day donor Kaitlin Guthrow, North Texas Giving Day Director of Sponsorships and Nonprofit Relations Dave Scullin, CFT President and CEO
MARTHA JACKSON G I V E W I S E LY G R A D UAT E A N D C F T F U N D H O L D E R
“The loss of my nephew, Chandler, who lived life fully awake, moved me to find a way to carry on his legacy.” — Martha Jackson On the 10th anniversary of her nephew’s passing, Martha found a way to honor him. She set up a donor-advised fund through CFT to help children and youth develop self confidence through art and athletics. But she didn’t stop there. After taking CFT’s GiveWisely class and visiting Family Gateway, which supports homeless families, Martha was inspired to roll up her sleeves and volunteer. She started helping with the after-school program at Family Gateway, and after learning more from the children about other programs they love, she became a sponsor of Kids’ University and Camp Bravo!, summer camps at Rainbow Days. Now she has included CFT in her estate plan, where her generosity—and the children who benefit from it—can continue to thrive beyond her lifetime.
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COT TON BOWL FOUNDATION FUND AT CF T FRIENDS OF BARACK OBAMA MALE LEADERSHIP ACADEMY
“Visiting a college or university is fairly common in middle or upper middle-class homes, but we believe every student should have that opportunity.” — Jay McAuley, Chairman of the Cotton Bowl Foundation
A year ago, the Cotton Bowl Foundation came to CFT to help define their giving strategy. After they worked with our staff and decided to focus some of their grantmaking on college and career access for underserved youth, we introduced them to Barack Obama Male Leadership Academy, a Dallas ISD magnet school whose student body is composed of high-achieving, underserved young men. The school’s mission is to shape these students into effective leaders by providing them with an academically rigorous, character-based education that prepares them for college. Thanks to a CFT-facilitated grant from the Cotton Bowl Foundation, these young men will not only be college-ready but will be further motivated to continue their education by having the chance to visit college campuses before graduation. Giving these students a taste of the college experience is a true game changer. It will help the academy maintain its 100 percent college acceptance and matriculation rates. It’s also an investment in our community’s future, where all sides win.
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RHSB CFT BUSINESS FUND HOLDER AND FR E E D OM DAY VO LU NTE E R S
“CFT is a valuable and strategic partner that helps RHSB make a meaning ful impact and contribution to the community where we live, work and raise our families.” — Doug Jones, Senior Vice President and Principal at RHSB
RHSB Insurance is a CFT business-advised fund holder and longtime member of CFT’s business engagement network that connects companies with nonprofits to make a positive community impact. CFT finds the most strategic alliances for businesses and nonprofits to maximize the contributions of good corporate citizens. During CFT’s 2017 Freedom Day event, RHSB volunteers packed lunches for children served by Hunger Busters, a charity dedicated to feeding food-insecure kids with a much-needed third meal of the day. RHSB employees were grateful to take part in the event, which helped satisfy their appetite for hands-on community service.
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DAN AND REBECC A TATSCH, RECORD -HOLDING N O R TH TE X A S G I V I N G DAY D O N O R S
“We believe that everyone who suits up on game day deserves something.” — Dan Tatsch, commenting on North Texas Giving Day
CFT’s North Texas Giving Day is the annual, community-wide fundraising event that has pumped more than $195 million into North Texas charities over the last eight years. On 2017’s North Texas Giving Day, more than $39 million was donated to 2,723 nonprofits through 137,638 donations, setting a national record. Dan and Rebecca Tatsch themselves broke the record for the number of individual donations. They gave to 296 organizations. For several years, the Tatsches have given to many nonprofits on North Texas Giving Day. Explaining their strategy of donating to so many charities, Dan said, “Our passion is animal rescue. We know from firsthand experience that it’s through small groups that animal rescue happens. On North Texas Giving Day, we saw a lot of these groups participating, and we know they’re working really hard.” For the recipients and the animals they care for, that kind of generosity makes for a very large number of best friends.
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GRACE JO, NORTH KOREAN REFUGEE AND SCHOLARSHIP RECIPIENT
“I believe that education has the power to transform societies.” — Grace Jo One of the goals of the George W. Bush Institute is to improve the human condition in North Korea, where 24 million people live under a brutal dictator. When the Bush Institute wanted to establish a scholarship fund to support North Korean refugees, it came to CFT to administer the program by handling the scholarship applications, screening and grants. Grace Jo is a recipient of the North Korean Freedom Scholarship. After seeing several family members starve to death, she escaped North Korea and ultimately came to the U.S. Now she is pursuing a college degree and hopes to become a dentist. “Obtaining an education and becoming a professional is the way for me to stabilize my family and eventually serve the people of North Korea,” she said. CFT is honored to help empower students like Grace Jo through freedom and education.
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Dave Scullin celebrating North Texas Giving Day 2017 at NorthPark Center with his grandson, Henry. Henry’s positive experience at a hospital that CFT supports was part of Dave’s inspiration for joining CFT.
LETTER FROM THE PRESIDENT
Dear
F R I EN DS, What a great first year it has been for me at Communities Foundation of Texas! Every day I am blessed to feel firsthand the collective passion of our donors, partners, trustees and employees. If you were to catch a glimpse inside of our vibrant organization, you would observe a highly qualified and inspired staff working together with passion and collaboration, building the spirit of giving with our donor community that loves North Texas. You would be surrounded by the support of our exceptional trustee leaders, who are mindful of the most pressing needs in our community. Collectively, we are dedicated to making an enduring impact to build a thriving community for all.
We have much work to do. North Texas continues its vibrant growth, yet many challenges remain and far too many people are not thriving. I am heartened, though, by the wonderful response of North Texans toward supporting hurricane victims and creating yet another record year of generosity on North Texas Giving Day. There is certainly a will in our community to help others; we simply have to foster that spirit and amplify our collective efforts to create the way forward. You can count on us to continue our work with laser focus toward making tomorrow better for all. Because we’ve seen that where giving thrives, communities thrive, too.
This year’s annual report reflects the spirit I just described. I hope you are inspired by the rich stories featured—Martha Jackson’s legacy, the Cotton Bowl Foundation’s support of Barack Obama Male Leadership Academy, RHSB’s Freedom Day volunteer efforts, and the Tatsch family’s record 296 gifts on North Texas Giving Day—as well as our financial results and Educate Texas program highlights.
DAVE SCULLIN
where g iving
THRIVES
PRESIDENT AND CEO
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FINANCIAL HIGHLIGHTS Fiscal year ending June 30, 2017
’10
$134
’15
$98 $86
’12
’13
’16
’17
’13
’14
’15
’16
’17
2017 COMPOSITION OF ASSETS
2017 COMPOSITION OF GIF TS
(in millions, unaudited)
(in millions, unaudited)
W.W. Caruth, Jr. Foundation
397.3
Donor- Advised Funds
36.7
Donor- Advised Funds
331.5
Nonprof it Agency Funds
32.5
Desig nated Funds
104.6
Desig nated Funds
19.5
Discretionar y Funds
99.6
W.W. Car uth, Jr. Foundation
4.9
Othe r Suppor ting O rganizations
88.0
Discretionar y Funds
1.4
Nonprof it Agency Funds
35.3
Othe r
0.3
Scholarship Funds
17.6
G ene ral Ope rating Funds
15.3
Char itable R emainde r Tr usts TOTA L A S S E T S
16
’14
$853
$769 ’11
$95
’09
$93
’08
$705
$651
$754
$801 ’07
$1,099
(in millions, unaudited)
$1,027
TOTA L G I F T S R EC E I V E D
$1,067
ASSETS (in millions, unaudited)
$1,065
GIF TS
$982
ASSETS
9.7 $1,098.9
TOTA L A S S E T S
$95.3
GRANTS
INVES TMENT M A N AG ERS Aberdeen Asset Management PLC BlackRock BNY Mellon Cash Investment Strategies
2017 GRANTS DISTRIBUTION
Brookfield Investment Management Burgundy Asset Management Ltd.
22%
Health and Scientif ic Research
26%
Education
Carlson Capital, LP Cushing Asset Management David Leone & Partners Investment Co. LLP Disciplined Growth Investors, Inc. HHR Asset Management, LLC Lazard Asset Management
3%
14%
Youth and Recreation
Housing and Human Services
7%
Marble Arch Investments Pzena Investment Management, LLC State Street Global Advisors Trinity Street Asset Management
Arts and Culture
Western Asset Management Company
10%
9%
Other
Community Improvement
9%
Religion
White Elm Capital LLC William Blair & Company, LLC CUS TODIAN BNY Mellon
$109
$106
TOTA L G R A N T S PA I D
’17
$109
$106
$102
$102
$101
$101
’13
’13
INDEPENDENT AUDITOR Moss Adams
TOTA L G R A N T S
I N V E S T M E N T C O N S U LTA N T (in millions, unaudit Cambridge Associates, LLC
’14
’14
’15
’15
’16
’16
’17
’17
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 CFTexas.org.
THRIVES
’16
(in millions, unaudited)
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’15
L E G A L C O U N S E LT O T A L G I F T S R E C I E V E D Thompson & Knight
$76
$76
$95
$93
$98
(in millions, unaudited)
$76
17
$101
W.W. CARUTH, JR. FOUNDATION at CF T
where giving creates a lasting
 L EG AC Y
The W.W. Caruth, Jr. Foundation at CFT represents the largest endowment in our portfolio. Every year, we continue the legacy of William Walter Caruth, Jr.’s philanthropic goals through strategic grantmaking to support frontier-advancing projects in public safety, education, and scientific and medical research.
Meadows Mental Health Policy Institute PUBLIC SAFETY
$7MM
$7 million was granted to support the implementation of a comprehensive plan designed to divert individuals with severe mental illness from the criminal justice system to appropriate behavioral healthcare. The goal is to reduce incarceration and recidivism rates in Dallas County while getting people the help they need.
The University of Texas at Dallas SCIENTIFIC AND MEDICAL RESEARCH
$2MM
$2 million was granted to the Texas Biomedical Device Center at The University of Texas at Dallas. Funding is being used to test an affordable, injectable medical device that stimulates specific regions of the brain to treat various neurological disorders and conditions, including spinal cord injuries.
Year Up EDUC ATION
$1.5MM
$1.5 million was granted to launch Year Up in Dallas to equip low-income young adults with market-specific technical and professional skills. In partnership with the Dallas County Community College District, Year Up is a national nonprofit with a proven track record of enabling young adults to move into professional careers through classroom instruction and corporate internships.
Since its inception, cumulative grants by the W.W. Caruth, Jr. Foundation at CFT total more than $186 18
CF T ’ S NORTH TE X A S G IVING DAY
Nonprofit organizations and supporters celebrated the day of giving with Donation Station events in Dallas, Arlington, Denton, Fort Worth and McKinney, featuring prizes, performances and concerts. (pictured: Dallas event at NorthPark Center)
North Texas Giving Day
GROWS CFT’s ninth annual North Texas Giving Day raised another record-setting amount, wrapping the 18-hour day at $39 million and surpassing last year’s total of $37 million. Through nine single-day events since 2009, $195 million has been donated to area nonprofits. While the numbers are impressive and the event continues to set national records, what is equally impressive is the culture of giving that is growing across North Texas.
a record
$39.3MM DONATED
for
2,723
NONPROFITS
through
137.6K GIFTS
EDUCATE TEX AS at CF T
where giving
 EDUCATES TEXAS Texas is a big state, and for more than a decade, Educate Texas, an initiative of Communities Foundation of Texas, has partnered with public and private entities in a big way to achieve one big goal: large-scale change that will transform the Texas public and higher education systems so that every student is successful in school, in the workforce and in life. To support this goal, Educate Texas identifies innovative, evidence-based strategies across four key impact areas: College and Career Readiness, Higher Education, Effective Teaching and Collective Impact.
H I G H E R E D U C AT I O N
5 REGIONS ACROSS the STATE
Five Texas regions share a collective goal of increasing the number of students who will earn STEM credentials that align to high-demand, local industry workforce needs. To date, this effort has benefited nearly 10,000 students and more than 360 higher education faculty and public school teachers.
Regions and industries include:
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DALLAS Computer Science, Information Technology
SOUTH TEXAS Healthcare Sciences, Information Technology
EL PASO Women in Engineering
HOUSTON Petrochemicals
WEST TEXAS Energy, Healthcare and Manufacturing
E F F E C T I V E T E AC H I N G
From
AUSTIN
Advocacy efforts during the 85th legislative session will improve the preparation of 30,000 new teachers annually across the state.
CO L L E G E A N D C A R E E R R E A D I N E S S
In
LANCASTER
A STEM-focused collaboration with the district’s leadership, campuses and community has yielded strong gains for its more than 450 teachers and nearly 8,000 economically disadvantaged students.
In
HOUSTON
Pasadena ISD, one of five grantees across Texas participating in the Raising Blended Learners initiative, is integrating traditional instruction and online resources to personalize learning and improve student achievement, targeting a goal to impact more than 30,000 students annually.
CO L L E C T I V E I M PAC T
RGV FOCUS, a Collective Impact initiative across four counties, 37 ISDs and four public higher education institutions, is bringing together education, nonprofit and workforce sectors with the goal of long-term social transformation that will place the region’s more than 420,000 students on a path to meaningful careers. A major milestone toward this goal, FAFSA completion (Free Application for Federal Student Aid), was achieved and exceeded in 2017 with more than 15,000 high school seniors completing the student aid forms.
Featured are examples of 2016–2017 programs in which Educate Texas is involved.
THRIVES
RIO GRANDE VALLEY
where g iving
In the
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WORKING FA MILIES SUCCESS NET WORK of NORTH TEX AS at CF T
where giving
E MP OWERS The Working Families Success Network of North Texas (WFSN) is a program of Communities Foundation of Texas that seeks to improve the economic stability of working families by helping the North Texas region understand the issues and challenges this population faces. Established in 2014, the network powered by Communities Foundation of Texas includes nine community-based organizations from the Dallas/Fort Worth region who are committed to helping families achieve lasting economic outcomes, including increased income, improved credit scores, a reduction of debt, and the creation of wealth for their clients and their communities.
The WFSN model includes a bundled set of three core elements:
EMPLOY MENT SERVI CES
F INANCI AL COA C HI NG
$
Todd’s Story
I NCOME SUPPOR T
WFSN M AKES A DIFFERENCE IN LIVES E VERY DAY
7 79
people are enrolled in training and education programs
852 268
people have found employment
people have increased their credit score
CFT’s Working Families Success Network of North Texas includes: Catholic Charities Dallas
International Rescue Committee
Catholic Charities Fort Worth
Jewish Family Service
CitySquare
Metrocrest Services
Housing Crisis Center
The Women’s Center
Interfaith Family Services 22
Todd graduated in May from the CitySquare Hospitality Program. After receiving disability for six years, Todd was excited to get back into the workforce. Now with a full-time job, Todd continues to meet once a month with his financial coach at CitySquare. He has opened a checking account and has started budgeting. The resources he found through CitySquare’s Hospitality Program have changed his life, providing the tools needed for him and his family to thrive. CitySquare is one of the first nine agencies in CFT’s Working Families Success Network.
MABEL PETERS CARUTH CENTER Home of CFT
A PL ACE for philanthropy
At Communities Foundation of Texas, even our building helps giving thrive. Designed in 2002 by the late architect Bill Booziotis, the building serves as a hub for philanthropy, through which we help strengthen nonprofits, our donors and our own employees. It is a place where nonprofits network, community leaders convene and passionate people work tirelessly to help build stronger, thriving communities.
events and convenings throughout the year
B IL L B O OZI OT IS Architect and Friend (1935–2016) In addition to designing our building, Bill Booziotis was one of our fund holders. After his wife’s death, he created a fund to support her favorite causes. He also established a fund to benefit students at Booker T. Washington High School for the Performing and Visual Arts. A longtime supporter of UT Dallas, he gave to many cultural institutions that define Dallas. His generosity is visible throughout the city. But for us, his legacy is the 20,000 people who come through our building every year.
Quarterly Cause-Minded Conversations highlighting important issues in our city and in the world of philanthropy
THRIVES
people, from donors to nonprofits to civic leaders, have passed through our doors in the past year
443
where g iving
21,997
23
our
TEAM L E A D ER S H I P Dave Scullin
President and Chief Executive Officer
Stephenie Barr-Hughes
Executive Assistant to the President, CEO and CFO
FI N A N C E A N D A DM I N I S T R AT I O N Beth Bull
Senior Vice President and Chief Financial Officer and Administrative Officer
Amy Aughinbaugh Business Analyst
Marsha Bronson Facilities Assistant
Lisa Causey
Facilities and Events Manager
Josh Chastant
Investment Analyst
R EL AT I O N S H I P S
ED U C AT E T E X A S
Monica Egert Smith
John Fitzpatrick
Sejal Desai
George Tang
Director, North Texas Giving Day/ Gift Processing/Constituent Records
Ami Doshi
Priscilla Aquino-Garza
Leslie Chatman
Jenna-Wade Fowler
Zimo Banta
Carol Pierce Goglia
Morgen Brown
Susan Swan Smith
Chief Giving Day Officer
Matt Allen
Coordinator, Gift Processing/ Constituent Records
Yvette Elkins
Manager, Gift Processing/ Constituent Records
Teresa Fougerousse
North Texas Giving Day Coordinator
Kaitlin Guthrow
Brad Furry
Chief Information Officer
Beverly Garner Facilities Director
D’Etta Hughes
Senior Director of Administration
Michelle Koval
Administrative Assistant
Donna Langdon
Accounts Payable Administrator
Erica Lopez
Front Desk Coordinator
April Lynch
Grants Administrator
Sean Mhlanga
Financial Analyst
Jennifer Parkinen
Administrator, Investments
Ruth Polanco
Senior Accounts Payable Administrator
Executive Assistant
Janice Mitchell
North Texas Giving Day Data Administrative Specialist
PHIL ANTHROPY Sarah Cotton Nelson
Chief Philanthropy Officer
Celeste Arista
Community Philanthropy Officer
Wende Burton
Community Philanthropy Director
Tina Lin
Strategic Initiatives Officer
Ashley McIver
Community Philanthropy Officer
Lori Price
Community Impact Specialist
Stefanie Valenzuela
Philanthropy Operations Associate
Kim Yates
Executive Assistant
Executive Director
Managing Director
Deputy Director, Policy
Associate, Insights and Analytics
Senior Director of Marketing and Communications
Associate, Marketing and Communications
Melissa Hardage
Luzelma Canales
Sarah Beeks Higdon
Chris Coxon
Donor Initiatives Officer Development and Corporate Relations Officer
Geri Jacobs
North Texas Giving Day Fellow
Asia Rodgers
Chief Investment Officer
Donor Initiatives Officer
Amanda Kolle
Rebecca DeButts Brian Doyle
EFNT Program Director
Emily Jackson
Staff Accountant
Meeting and Events Associate
Chief Relationship Officer
North Texas Giving Day Director of Sponsorships and Nonprofit Relations
Senior Coordinator, Gift Processing/ Constituent Records
Chris Coleman
Digital Marketing Coordinator Director of Charitable Gift Planning
Katie Kuehl
Scholarship Associate
Sally Kurtz
Palacios Area Fund Coordinator
Elizabeth Liser
Executive Director, RGV FOCUS Managing Director, Programs
Amy Desler
Deputy Director, Development
Katherine Diaz
Deputy Director, RGV FOCUS
Natalie Farinacci
Associate, Programs
Kelty Garbee
Deputy Director, Programs
Amy Groff
Donor Services Director
Managing Director, Finance and Administration
Kelly Maltese
Shelly Haines
Cathryn McClellan
Kate Haisten
Executive Assistant
North Texas Giving Day Marketing Fellow
Kathryn McGill
Advisor Relations Officer
Carolyn Newham
Senior Director of Donor Relations and Fund Administration
Nicole Paquette
Marketing Manager
Amelia White
Donor Initiatives Officer
Executive Assistant Deputy Director, Programs
Melissa Henderson
Deputy Director, Policy
Susan Henderson
Deputy Director, Programs
Beth Hook
Director, Marketing and Communications
Kristin Kuhne
Director, Insights and Analytics
Eugenio Longoria Saenz
Deputy Director, RGV FOCUS
Lora McKeown Finance Assistant
David Patterson
Deputy Director, Finance
Nischal Prakash
Associate, Insights and Analytics
Teresa Pottorff
Reo Pruiett
Jessica Robinson
Andy Scripps
Leigh Schaefers
Jarrad Toussant
Kristine Thomas
Michelle Wisdom
Human Resources Director
Administrative/HR Assistant Director of Accounting
Vice President, Accounting
Ann Marie Warrick
Employee Engagement Manager
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NORTH TEX AS G I V I N G DAY
Director, Programs Deputy Director, Strategy Deputy Director, Policy Deputy Director, Programs
our
BOARD
O F T R US T EES A N D L EG A L CO U N SEL
Jim Bass
Board Chair
Manager Trinity Summits, LLC
Bobby B. Lyle
Board Vice Chair President and CEO Lyco Holdings, Inc.
Richie Butler
Judith W. Gibbs
Kenneth Hersh
Chris Kleinert
Senior Managing Director Prescott Realty Group
Civic Leader
President and CEO George W. Bush Presidential Center
President and CEO Hunt Consolidated Investments, LLC
The Honorable Florence Shapiro
Karen Shuford
Sarah Losinger
John McStay
Alfreda Norman
Carlos González Peña
Civic Leader
John McStay and Associates
Senior Vice President Federal Reserve Bank of Dallas
President and Founder Peña Search Consulting, LLC
Nicole G. Small
G. Stacy Smith
Ruth Sharp Altshuler
President Lyda Hill Foundation
Partner Trinity Investment Group
Ex-Officio
Chairman’s Circle Civic Leader
Former Texas State Senator
Civic Leader
Frank Risch Ex-Officio
Immediate Past Chair Civic Leader
CFT’s funds and underlying assets are governed by an independent board of trustees composed of respected community leaders from diverse backgrounds.
to all CFT investments and charitable grants. In addition to its board of trustees, CFT also has an advisory council that includes leaders from myriad businesses and civic 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 CFTexas.org.
where g iving
interests and the roles of nonprofits, and to act as stewards for nearly 1,000 funds. Trustees serve without compensation and exercise final authority with regard
THRIVES
CFT board members are selected for their knowledge of community needs and for their professional expertise. The trustees’ charge is to understand donors’
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Thank you for everything you do to help make CFT a place where giving thrives.