Communities Foundation of Texas (CFT) announced distribution of $66 million in charitable grants in its 2012 fiscal year. Since its founding in 1953, CFT has paid more than $1.2 billion in grants to the community.
CFT INVESTS $66 MILLION IN NORTH TEXAS IN 2012
CFT also announced the awarding of $66 million in community grants in 2012. Here is the breakdown of which areas benefited, and the percentage of overall dollars they received:
· Education: 33%
· Health and Scientific Research: 15%
· Religious Activities: 11%
· Housing and Human Services: 10%
· Community Improvement: 10%
· Arts and Culture: 9%
· Youth: 7%
· Other: 5%
CFT invests in the community through strategic initiatives and projects, which include:
· Educate Texas, a unique public-private initiative using more than $375 million to increase the college readiness and success of all Texas students
· W.W. Caruth, Jr. Foundation at CFT, which focuses on frontier-advancing projects in public safety, education and scientific and medical research.
· DonorBridgeTX.org, a website of more than 1,400 local nonprofits that helps donors give wisely
· North Texas Giving Day, an annual fund-raising event through Donor Bridge that raised more than $14.4 million in 2012, with more than 37,000 donations made to more than 900 nonprofits
· Community Impact Funds, which awarded $2 million in new grants to seven nonprofits to increase the pool of high quality teachers and administrators working in at-risk middle schools across North Texas: Teaching Trust ($750,000); University of Texas at Dallas ($500,000); Teach for America ($350,000); Big Thought ($225,000); Plano ISD Education Foundation ($144,070); National Alliance for Partnerships in Equity Education Foundation ($27,830); KIPP DFW ($19,000)
· D3 Institute: “Data-Driven Decision-Making” Institute, a rigorous year-long curriculum and seminar series that convenes nonprofits supporting low-income working families and spurs the accelerated development of integrated solutions to the social and economic problems facing North Texas.
· Entrepreneurs For North Texas (EFNT), committed to empowering community involvement and philanthropy for small and mid-size companies.
“We’re increasing the charitable impact we make throughout the North Texas community, and we hope that impact grows even larger next year,” said Hegi. “We’re committed to working closely with donors to understand their needs and to reach new milestones in serving the non-profit community.”
About Communities Foundation of Texas
In 2013, Communities Foundation of Texas marks its 60th anniversary of “Giving Back and Looking Forward.” As the largest community foundation in Texas and one of the largest in the nation, CFT works with families, companies and nonprofits to strengthen our community through a variety of charitable funds and strategic grantmaking initiatives. CFT is committed to serving and understanding donor needs, expertly handling complex gifts, wisely managing charitable funds, and leveraging its community knowledge to increase charitable impact. The foundation professionally manages nearly 900 charitable funds and has awarded over $1.2 billion in grants since its founding in 1953. As the community has grown through the decades, so has CFT. As the foundation celebrates its 60th year of generosity, CFT continues to evolve in serving the ever-changing needs of the Dallas/Fort Worth community. www.cftexas.org