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,
SIDE by S IDE
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
SIDE by S IDE
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
SIDE by S IDE
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
15
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
SIDE by S IDE
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
SIDE by S IDE
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
SIDE by S IDE
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