A Letter From Our Leadership:

Communities Foundation of Texas

2020 Annual Report

Now, more than ever.
This is a phrase that we’ve lived daily since the pandemic began, from the urgency in the siren call to address inequities across our community to the depth of our neighbors’ needs, to the ways our community’s doers and givers have responded with astounding levels of generosity.

While things around us continue to evolve, our goal and commitment to you remain the same – to help you help others. We are steadfast in our commitment to see our community, and you, our donors, through uncertain times. We also recognize there are silver linings amidst these trying times – moments of collaboration and triumph. Moments that allow us to lift others up, to give hope and help to those around us.

This year, even though we have not gathered, met, or celebrated in person as frequently as we did a year ago, your generosity – now, more than ever – continues to bind you even closer to the organizations and communities you love so dearly during a time when they need you most. Your trust and investment in Communities Foundation of Texas has built a place where giving truly thrives and does more good.

Whether responding to an unforeseen crisis like COVID-19 or providing ongoing support to our communities as we seek solutions to racial inequity and economic disparity, as a community foundation, CFT has acted rapidly to support immediate needs without altering our long-term lens toward our vision of building thriving communities for all.

Our relationships with our charitable fund holders, donors, and nonprofit and community partners have been critical to our ability to learn, adapt, and respond during what may be our community’s most challenging time in recent history. CFT is proud to steward these relationships and charitable dollars and multiply their impact to address critical and emerging needs.

A year as unique as 2020 demanded an annual report reflective of the many pivots required of our team and our community in response to the COVID-19 pandemic and social and racial turmoil. This report is about North Texans responding in unprecedented ways to an unprecedented crisis, highlighting the collaborative efforts of working side by side with donors and partners, who stepped in as early responders to equitably provide resources and relief.

The word “we” is used throughout this publication to honor the many donors, partners, and collaborators that prove how we are significantly better together than we are apart.

While there are still many unknowns about what the coming days will bring, one thing is clear – we cannot shift back to normal. We must, in service to our mission, move forward to make each tomorrow better and more equitable. As we usher in a new phase of recovery, we invite you to learn alongside us in navigating how to best support our community through the needs and opportunities ahead. Even in challenging times, we look with optimism and purpose to our next collective chapter. Together, let us continue to strive for more.

Dave Scullin, President and CEO
Alfreda Norman, Chair, Board of Trustees
Communities Foundation of Texas

At Communities Foundation of Texas, our grantmaking and programs are key to our vision of building thriving communities for all. We believe that a thriving community is one in which all people feel cared for, invested in, nourished, and valued, and have an equitable opportunity to contribute to the well-being and growth of themselves, their families, and their communities.

We take a 360° approach to supporting the needs of individuals and their communities through four intersectional pillars of thriving: Health, Wealth, Living, and Learning. At the heart, what we’re striving to achieve through attention to these areas is equity, connectedness, and belonging for all.

Philanthropy

Philanthropy

The Chocolate MINT Foundation, located in DeSoto, and Artes de la Rosa Cultural Center for the Arts, located in Fort Worth, were two of 200 nonprofits who received grants from CFT’s North Texas Community Response Fund to address COVID-19 related needs. View the details of each of these grants at CFTexas.org/COVID19grants.

Listen to the first two seasons of our new Philanthropy 360 podcast centered on health, wealth, living, and learning at: CFTEXAS.ORG/PODCAST

Philanthropy

HEALTH is a holistic concept engaging the biological, psychological, and behavioral dimensions of life. What affects a person’s health encompasses everything from their local environmental conditions to access to things like grocery stores and parks, pets as companions, transportation, preventive medicine, and education. To move the needle on health, interventions must move upstream and engage the choices people make and the environments in which they live.

WEALTH is defined as financial security, which is significantly impacted by employment opportunities for individuals and economic development within communities. While the majority of people living in poverty have jobs, millions of adults live paycheck to paycheck, unable to cover a surprise expense – demonstrating that employment is not enough to ensure financial security. We must aim for financial resilience in the face of economic shocks, pathways to progressively improving opportunities, and the state of prosperity in which people have enough money to fulfill their needs and many of their wants.

LIVING ZIP code can be more predictive than genetic code when it comes to life outcomes. Decisions surrounding community planning, engagement, and design; access to arts, culture and parks; as well as the presence of crime prevention strategies and justice system processes, can have a significant impact on the physical, social, and mental health of community members and their ability to thrive today and across generations.

LEARNING Education has the power to change a life. Educating our youth to maximize their potential also provides the foundation to power the workforce of tomorrow. The pursuit of a certification or postsecondary degree significantly affects the earning potential for an individual, impacting the community they live in and the legacy of their future generations. Training and skills growth also provides individuals an opportunity to reinvent themselves as circumstances change throughout their lifetime.

Sarah Cotton Nelson

Chief Philanthropy Officer

214-346-5501

grants@cftexas.org

To learn more about our 360° approach advances CFT’s vision of a thriving community for all, click the “next” arrow.

HEALTH

Food Equity Innovation Challenge

CFT worked with the City of Dallas to co-design the Food Equity Innovation Challenge using principles of trust-based, community-led philanthropy. The challenge used input from the community to define the scope of the “food desert” problem, catalogue community assets and needs, create a collaborative design process with contributions from nonprofits of varying sizes and members of the community, and incorporated industry peers in the proposal review process. The challenge additionally provided CFT with an opportunity to practice community-driven, equitable, and transparent grantmaking around a major source of either wellness or illness in our lives – food, and the nutrients and building blocks of health (or lack thereof) that it has the power to confer.

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HEALTH

360 Degrees of Health Grantmaking

A person’s well-being is influenced by their environmental and social health, access to networks and economic opportunities, housing, nutrition, and safety. These factors, often called the social determinants of health, shape individual and population health outcomes.

CFT’s first year of 360 Degrees of Health grantmaking focused on funding studies that explore ways to improve the well-being of North Texans in ways that account for variables such as race, income, and ZIP code. The goal of this grantmaking effort was to identify ways to build a culture of health for all.

WEALTH

Dallas Economic Opportunity Leadership Academy

Thought leaders from multiple sectors have joined forces as members of the Dallas Economic Opportunity Leadership Academy, a program designed to improve economic opportunities and create innovative solutions for today’s business challenges. CFT partnered with JPMorgan Chase & Co. , United Way of Metropolitan Dallas, and the Aspen Institute to create the 12-month program for 24 fellows who participate in retreats and workshops that focus on strategies to strengthen the workforce. The program ends with a collaborative capstone project presentation from the cohort.

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WEALTH

Working Families Success (WFS)

CFT launched the Working Families Success initiative in 2014, developing a network of 16 organizations from across the Dallas/Fort Worth region committed to helping families achieve lasting economic outcomes such as increased income, improved credit scores, reduced debt, and increased wealth for their clients and their communities. The WFS model includes a set of three core elements: employment services, income support, and financial coaching. Services are bundled and sequenced together in a seamless way for the client, combined with one-on-one coaching to help clients set goals, develop plans, and change behavior. Since the launch of CFT’s Working Families Success initiative, over 6,000 people across DFW have been connected to living wage jobs, reduced debt, and built savings and credit to secure and grow their families’ economic futures.

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LIVING

Green Space for All

Winding through southwest Dallas, Five Mile Creek and its surrounding watershed is a unique natural asset that has been largely disconnected from the city’s parks and trails. Recognizing the area’s opportunity, The Trust for Public Land, alongside hundreds of local residents, developed a bold vision for revitalizing this space – the Five Mile Creek Urban Greenbelt. The initial part of this initiative being supported by CFT includes the Alice Branch Health and Wellness Park & Trail, a two-acre greenbelt park near South Oak Cliff High School. The centerpiece is a vacant lot along an overgrown and polluted creek that will be transformed into an anchor park and eventually become part of the larger plan to connect to the greenbelt. The Trust for Public Land will also have an accompanying STEAM-based Cool Schools program that will be implemented at the high school in collaboration with Texas Trees Foundation, which will integrate campus greening and creek overgrowth management into its outdoor education work with students.

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LIVING

COVID-19 Pandemic Response

Nonprofit food distribution and food pantry providers, along with domestic violence shelters, saw the demand for their services increase by 2.5 to 3 times their normal rate as schools closed, family members were laid off and sources of income evaporated, and stress levels rose across households. As a point of reference, more than 50% of the demand for food came from new clients that organizations hadn’t previously served. Seeing this need evolving in real time, Communities Foundation of Texas helped create North Texas Cares in March 2020, a collaborative partnership of 35 North Texas funders developed to streamline the process for nonprofits applying for COVID-19 related emergency funding via a shared online grant application. From March through July 2020, 1,400 grants were awarded from these 35 foundations, totaling over $40 million in assistance to 630 area nonprofits across the region through the North Texas Cares application process.

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LEARNING

Best In Class Coalition

Every child deserves the chance to be taught by well-prepared, effective, and diverse educators. The Best In Class Coalition is united behind a shared vision for transforming teacher and school leader pipelines in the Dallas/Fort Worth region. Committed to data-driven strategies and a continuous-improvement approach, coalition partners focus improvement on shared, community-wide goals. The goal: to increase the number of students in the Dallas/Fort Worth region who are on track for college and career success by ensuring access to effective and diverse teachers and school leaders in every school. Championing effective educators for every student is a part of CFT’s strategy to ensure thriving communities and futures for all.

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LEARNING

Dollars for College

Kindergarten and first grade students in two local school districts are saving money for higher education through Dollars for College, a program CFT created in partnership with United Way Metropolitan Dallas. The program seeded the college savings plan accounts that are in the students’ names with $50. The accounts are built to grow to $500 in two years through matching and incentive funds. In one of the school districts, more than 80% of the eligible students have opened accounts.

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Supporting the community through crisis is something that’s been part of CFT’s work for decades. The COVID-19 pandemic has further amplified the importance of being flexible in our responsiveness and the critical role we play in matching the generosity of North Texans with our community’s greatest needs. As the pandemic has unfolded, we’ve seen firsthand the increased importance of having a philanthropic resource that is actively part of the relief and recovery response.

In addition to establishing relief and recovery funds and making emergency grants to nonprofits, CFT often plays a convening and leadership role when disasters strike, helping to coordinate with other philanthropic leaders and funders, the City of Dallas, and Dallas County to identify emerging needs and gaps between government and nonprofit resources.

While we have seen thousands of individuals tragically impacted across our community, we have also witnessed the incredible generosity of our community through increased giving in support of those in need.

Since March, Communities Foundation of Texas has helped mobilize $175 million for nonprofits through our leadership of community relief efforts such as North Texas Cares, North Texas Giving Day, and North Texas Giving Tuesday Now, as well as the generosity of our donor-advised fund holders and the creation of eight different COVID-19 related relief funds.

Philanthropy

Eight COVID-19 response funds have been established at CFT:

Uncertainty can often seed innovation. As communities face challenges, coming together to offer what you have, what you know, and how to provide a solution is the true definition of collaboration. At the start of the pandemic, we worked with local philanthropy partners, businesses, and city and government officials to create a number of relief and recovery funds in response to growing community needs. Collectively, more than $12.6 million has been raised for COVID-19 community response funds held at CFT. CFT also partnered with Blue Cross and Blue Shield of Texas to deploy $1 million to nonprofits across Texas.

In March, we launched our North Texas Community Response Fund, which was established to provide a way to quickly mobilize financial support to local nonprofits providing critical response in the early days of the pandemic. We shifted our discretionary grantmaking to prioritize funding emergency relief efforts through North Texas Cares. CFT fund holders and others donated almost $3 million to this fund, and 200 grants have now been distributed to nonprofits. Our philanthropy department will continue to distribute more grants as additional North Texas Cares applications are reviewed.

When a crisis occurs, CFT is often a partner in deploying creative solutions to expedite and grow community giving, providing structure and oversight, administrative assistance, and charitable fund management. These new coalitions and funds have resulted in stronger collaborations, streamlined resource deployment, and most importantly, provided responsive grants to nonprofits working with communities disproportionately impacted by economic consequences of the pandemic.

We are grateful for the support of so many partner foundations, CFT fund holders, and generous individuals and companies who have been part of these collective efforts. By opening a charitable giving account or giving through CFT, you have demonstrated your belief in the power of philanthropy. It is going to take all of us – pulling together – to help light the way ahead in ensuring our future is brighter than our past.

Monica Egert Smith

Chief Relationship Officer

214-750-4135

megert@cftexas.org

Click the navigation below to learn more about our impact.

BY THE NUMBERS

Recent Grant Dollars to Nonprofits From CFT Donor-Advised Funds

CFT donors have truly stepped up in a big way to address our community’s challenges this year. Between March and October 2020, donor-advised funds held at Communities Foundation of Texas increased their grantmaking by 79% over the same period last year, granting more than $41 million to nonprofit organizations. This includes over $7 million granted by CFT fund holders during North Texas Giving Day and North Texas Giving Tuesday Now.

While we have worked hard over the last nine months to meet our community’s incredible challenges, none of our work would be possible without the ongoing support from our charitable fund holders, whose generosity has helped distribute funds immediately to community members most in need – while also responding to near- and long-term impacts of the COVID-19 pandemic, as well as future issues that may arise.

CFT’s North Texas Community Response Fund

200 nonprofits have received grants so far, totaling almost $1.5 million. More grants will be distributed as the latest North Texas Cares applications for funding are reviewed.

Revive Dallas Small Business Relief Fund

In partnership with the Dallas Entrepreneur Center Network (DEC) and the LiftFund, over $2 million has been raised and is supporting small businesses and entrepreneurs in need through this forgivable 0% interest loan fund.

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Get Shift Done Fund

Get Shift Done launched here and has expanded to 11 cities, utilizing Shiftsmart to connect 22,000 displaced hospitality workers with nonprofits needing staffing support. $4 million has been raised for the North Texas fund at CFT, providing wages for thousands of workers.

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Emma Lazarus Resilience Fund

In partnership with the City of Dallas and the Open Society Foundations, over $600,000 was distributed to 16 nonprofits to provide direct financial assistance to immigrant and refugee individuals and families impacted by COVID-19.

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Over the course of a week in March, CFT helped create, launch, and lead a funder collaborative called North Texas Cares to help streamline the process for nonprofits applying for COVID-19 related emergency funding, through the creation of a shared online grant application. What launched with 15 participating foundations and United Ways coming together to provide support for organizations that serve those most affected by the pandemic, quickly grew to more than 30 participating funders. Each participating funder is able to see and review submitted grant applications and make independent funding decisions.

Between April and July 2020, 1,400 grants totaling over $40 million were awarded to 630 area nonprofits through the North Texas Cares application process. This success inspired a second phase in August that launched with 35 funders and closed in October, to support nonprofits serving individuals and families across the focus areas of economic security, education, health, safety and well-being, and social justice. The funders are now reviewing an additional $100 million in funding requests from nearly 800 nonprofits. Learn more about the current priority funding areas at NorthTexasCares.org.

North Texas Cares has been a brilliant success, brought about by an extraordinary level of collaboration among North Texas funding organizations. To be able to deploy $40 million from 30 different funding organizations through a shared grant application during a time of unprecedented need has been nothing short of remarkable. Nonprofits have swiftly responded to the crisis by forging new partnerships and adapting programs and services to meet emergent demands. While the work continues, and the hills to climb remain steep, we applaud our nonprofit partners that rapidly rose to this historic occasion, tirelessly working to fulfill critical missions that strengthen our community and support those who call it home.

View the full list of North Texas Cares partners at NorthTexasCares.org

Spotlight on North Texas grantees

“During this extraordinary time of service to our community, the efficiency of the North Texas Cares application has been a game changer. Being able to complete one grant application and have it reviewed by 30+ funders has saved time and alleviated some of the stress associated with serving during this pandemic. Sharing Life is deeply grateful to have received funding from multiple North Texas Cares partners, allowing us to assist thousands of first-time clients in addition to our client base who are experiencing new levels of need.”

– Teresa Jackson, CEO & Founder, Sharing Life Outreach

Sharing Life’s assistance programs support more than 20,000 residents across 35 ZIP codes in North Texas, providing stability for families in crisis. Services include a food pantry, clothes closet, financial assistance, financial coaching, and employment training. Before COVID-19, they were assisting a record number of clients daily. Now, they continue to experience an even greater influx of families needing support services in food and financial assistance, with 20% of these families being new clients.

This narrative of increased need is resoundingly consistent with what we’ve learned from nonprofits applying for funding through North Texas Cares. For many nonprofits, demand for services has increased by two to three times their previous rate.

Sarah Cotton Nelson

Chief Philanthropy Officer

214-346-5501

grants@cftexas.org

While 2020 has challenged our community in many ways, we have seen an extraordinary outpouring of support as North Texans have rallied together to be there for each other.

The COVID-19 pandemic has caused individuals, families, and communities to reimagine life in a rapidly changing landscape. As the force behind the largest giving day in the nation, North Texas Giving Day, we at Communities Foundation of Texas learned how to make a swift pirouette in order to react, relate, and respond. In listening to our community, our nonprofit leaders, and people on the ground, we learned to partner and scale more effectively and encouraged an already generous community to dig a little deeper to give help and hope.

Through two giving days, one emergency pop up day in May – North Texas Giving Tuesday Now – and the regularly scheduled fall event – North Texas Giving Day – our community raised nearly $80 million dollars to fuel the vital work that keeps our region surviving, growing and thriving.

While our community continues to face new obstacles, CFT is committed to supporting the nonprofits providing vital services for those in need, vital services for those on the front lines, and vital support for those creating and teaching, feeding and clothing, and caring for friends, neighbors, and strangers across our region.

Like you, we have been heartened by the numerous acts of kindness, generosity, and empathy that have touched every corner of our community throughout this difficult year. They provide us hope, promise, and guidance for a brighter future.

Philanthropy

*Total dollars raised on North Texas Giving Tuesday Now

Susan Swan Smith

Chief North Texas Giving Day Officer

214-750-4256

sswansmith@cftexas.org

Click the navigation below to learn more about our impact.

North Texas Giving Tuesday Now

We partnered up and acted quickly.

In May, while COVID-19 was still creating new challenges and deeply changing people’s lives, CFT partnered with United Way of Metropolitan Dallas and the Dallas Cowboys to produce North Texas Giving Tuesday Now. This collaborative “pop-up” giving day engaged thousands of givers, and raised nearly $21 million for North Texas nonprofits. With organizations reeling and struggling to keep doors open, staff employed, and services going, this day of giving showed an extraordinary outpouring of support as North Texans rallied together to be there for each other.

North Texas Giving Day 2020

We leaned in, listened, and shifted.

We knew that our regularly scheduled giving day in September would be anything but ordinary. From the COVID-19 fallout to the racial and civil unrest surrounding the killings of Black Americans, we knew that North Texas Giving Day 2020 needed to be a place of both impact and unity. North Texas Giving Day 2020 supported more organizations than ever before, intentionally calling out new categories of nonprofits, and allowing givers to search for those led by and serving communities of color. While most in-person experiences had to be skipped, we developed safe and physically distant ways to connect and see each other.

(Yard Sign Drive Through Pick Up event attendees and CFT employees pose with North Texas Giving Day yard signs in anticipation of the big day.)

North Texas Giving Day 2020

Give Big Drive-By Event

Additionally, we connected in a safe and distanced way with our first ever “Give Big Drive-By” on September 3, bringing our community together for an inspiring and fun event that featured murals created by Dallas Art Therapy, live DJ music, food trucks, and the awarding of prizes to nonprofits.

(CFT President/CEO Dave Scullin and The Dallas Foundation’s President/CEO, Matthew Randazzo award two local nonprofits, Dwell with Dignity and Mission Oak Cliff, with $5,000 prizes to advance their missions.)

North Texas Giving Day 2020

Honorary Chairs

Dallas Mavericks CEO Cynt Marshall (pictured with two “Give Big Drive-By” attendees), along with Corey Anthony, Senior Vice President, Human Resources & Chief Diversity Officer at AT&T, served as this year’s North Texas Giving Day Honorary Chairs to rally the North Texas region and raise awareness of this critical fundraising day.

North Texas Giving Day 2020

A Record-Breaking Response

On North Texas Giving Day, our community responded to the needs of those most impacted in our region by raising nearly $59 million and pledging more than 600,000 volunteer hours – an incredible feat, new national record, and inspiring display of generosity to serve the community through more than 3,300 local nonprofits. (CFT’s Kaitlin Guthrow and Beverly Garner and Actor/Director BJ Cleveland help celebrate the numerous nonprofit prize winners at the North Texas Giving Day Concert presented by Arlington Tomorrow Foundation at Levitt Pavilion, streamed live on Facebook on September 17).

CFT’s Educate Texas works to ensure students are able to maximize their potential and fuel a thriving Texas. Our focus has been on strengthening our Texas public and higher education systems to address our highest-need students and families.

Building off the success of our 20×2020 strategic plan, Educate Texas is launching a new 2025 strategy.

Philanthropy

The pandemic created additional challenges that have exacerbated the racial, education, and economic disparities for students and families across the country. As our partners across the state have been working on the safe and effective reopening of schools, Educate Texas has supported three critical efforts to address our educational needs: closing the digital divide, delivering effective teaching and learning – both on campus and remotely – and creating the workforce of today and tomorrow.

John Fitzpatrick

Executive Director, Educate Texas

737-708-8153

jfitz@cftexas.org

George Tang

Managing Director, Educate Texas

214-750-4124

gtang@cftexas.org

Click the navigation below to learn more about our recent focus on increasing equity.

RECENT FOCUS ON INCREASING EQUITY

Digital Divide

A digital divide runs through Texas – the challenges in urban and rural contexts are different, but the underlying need is the same: access to high-quality broadband for students to learn and participate in the 21st century. Educate Texas has been supporting statewide efforts with the Governor’s Operation Connectivity, Texas 2036, Federal Reserve Bank of Dallas. Locally, we have supported the North Texas Internet for All Coalition, San Antonio’s Digital Inclusion Alliance, and the Texas Rural Funders Collaborative on strategies for rural communities.

RECENT FOCUS ON INCREASING EQUITY

Delivering Effective Teaching & Learning Both On Campus and Remotely

With schools managing the transition of students alternating between on-campus and remote instruction throughout the academic year, Educate Texas launched the Texas Learning Exchange to help equip administrators and teachers with guidelines and support for safe, effective teaching, whether that be in person or in a virtual or hybrid format.

RECENT FOCUS ON INCREASING EQUITY

Creating the Workforce of Today and Tomorrow

The future of work has long been a frequently discussed concept, but the pandemic has made it a reality we must address. Employers are adapting and redesigning their business models leading to a need for new skills, new opportunities, and new jobs. To fill these roles, Educate Texas has focused on reimagining how our education and training systems work to create a skilled Texas workforce now and for the future. Through purposeful local, state, and regional collaborations, we are developing strategies and models, such as career pathways, apprenticeships, and certificate programs, to ensure all Texas students have the ability to earn a living wage and contribute to a thriving Texas.

CFT’s Emerging Leaders in Philanthropy program seeks to educate, engage, and broaden the philanthropic impact of the next generation of leaders in North Texas to ensure that our region’s legacy of generosity continues to thrive and grow. Now in its third annual cohort, we’re creating a network of like-hearted doers and givers who are working to build a thriving community for all.

View our full Emerging Leaders in Philanthropy cohort members here.

20 members of CFT’s 2020 Emerging Leaders in Philanthropy cohort share their hopes for the future and what they believe our community needs now more than ever.

Monica Egert Smith

Chief Relationship Officer

214-750-4135

megert@cftexas.org

Click the navigation below to read their inspiring responses.

Amanda Arizola

Vice President of Finance and Operations, Philanthropy Southwest

What do you believe our community needs now more than ever?

Prior to COVID-19, our communities were facing harsh challenges ranging from emergency services, medical care, and insurance needs, to an ever-widening system race wealth divide. The need for active listening across communities is a beginning point to making lasting change. As we gain valuable insights, we can discover how we can create solutions to collectively reduce anxiety and increase trust among employers and employees who have had to face great shifts.

What are your hopes for our community’s future?

My hope for the future of our communities is to see a dedicated and intentional increase in understanding the history and strength that lies in our diversity. The power in our resilience can be harnessed and shared as knowledge to help our communities see past their divides and address some of our largest social issues.

Zhen Barrientos

Founder, Elevate to 528 & Zhen Counseling, PLLC

What do you believe our community needs now more than ever?

People are the heartbeat of every community. Now, more than ever, we need to empower people to bring forth the solutions that work best for each unique community. We are going to have to listen deeply, have authentic conversations, and redefine our roles as supporters on our united path toward progress.

What are your hopes for our community’s future?

My hope is to see communities heal, from the inside out – and that we discover that what makes us different can also be the magic that unites us.

Shirley Che

Associate Director of Member Experience, AIA Dallas

What do you believe our community needs now more than ever?

Now more than ever, our community needs to find ways to break down the divisiveness. We need to stay open and listen purposefully to each other with the intention to understand. We need to demand truthful reporting from news outlets, we need to insist on integrity of information.

What are your hopes for our community’s future?

I genuinely believe in the power of one. I hope that the community will embrace the power we each hold, and the ripple effect that that small but mighty power can cause. I hope that we all strive to be the bigger person and initiate a truce with the “other” side, so we can start again.

Joe Corcoran

Senior Associate, Risk and Controls, New York Life

What do you believe our community needs now more than ever?

COVID-19 hangs like a cloud over our small businesses and entrepreneurs. Now, more than ever, our communities need to ensure fair access to credit for minorities. We need an education system that promotes knowledge of banking and grant applications. We need a local government that prioritizes local businesses.

What are your hopes for our community’s future?

My hope is that as our North Texas community grows, our network of nonprofits, private companies, and local governments will be inclusive to our new neighbors – especially those that come from different backgrounds than us.

Dr. Maya Thomas Fernandez

Instructional Specialist, Health Information Technology; Cedar Valley Campus – Dallas College

What do you believe our community needs now more than ever?

Our community needs hope and collaborative efforts across the board – for housing, food, and education, just to name a few. We need equity across Dallas to ensure all people get the resources and access to materials they need.

Emily Garcia

Executive Director, Urban Teachers

What do you believe our community needs now more than ever?

Now more than ever, members of our community need to seek out and learn about the connections we share with one another. Not simply the connections we have with friends and neighbors, but also the less obvious connections we share with those who live in other ZIP codes and who have vastly different lived experiences. It is my hope for our future that we will come together and prove what is possible when a community truly embraces diversity in all its forms and prioritizes unity across differences.

Melanie Hawkins

Assistant Principal, Dallas ISD

What do you believe our community needs now more than ever?

I believe our community is in desperate need of equitable practices that lead to access for all. This year has shown the light on how many in the community lack access to the basic needs of life. We need change agents who can implement systems that create this change and allow more individuals to have access.

What are your hopes for our community’s future?

My hope for the future is one of inclusivity and equity for all. This past year has shed light on how certain groups are consistently locked out of the American dream.

McKay Hendershot

Director of Communications, Scottish Rite for Children

What do you believe our community needs now more than ever?

Now, more than ever, our region, as well as our nation, has become increasingly divisive: whether related to social services, health care, diversity and inclusion, politics, educational gaps, religion, or culture, we have struggled to maintain our sense of acceptance and equality. My hope is that we, as a community attentive to the needs of the greater good, will hyper-focus on local nonprofit organizations, businesses with strong corporate social responsibility programs, and other advocacy programs that are providing a variety of services to help our communities with the above, as it all begins at the neighborhood level.

Chandni Karia

Demand Manager, Texas Instruments

What do you believe our community needs now more than ever?

We need to get back to a place of empathy. Today’s world is being hit with so many different challenges and everyone has their own viewpoint on what’s right and how to handle what’s happening. With everyone following their own compass, we have lost a bit of that neighbor-helping-neighbor spirit. If we put our focus back on empathy and understanding, I believe we can work together to solve the challenges we’re faced with versus remaining divided for the sake of pride.

What are your hopes for our community’s future?

My hope is that we continue to work toward a common good and the betterment of our city for everyone. Polarizing viewpoints aside, we remember that we’re all human and we’re all doing the best we can to provide for our families. I think if we work to remember that we are one community, we can accomplish any of the goals we set for ourselves.

Bora Laci

Assistant Director of Programs & Director of Studies, SMU Tower Center

What do you believe our community needs now more than ever?

I believe our community needs to see the similarities that we all share and that our goals for our families are the same.

What are your hopes for our community’s future?

My hope is that our community continues to support and understand that our diverse perspectives will foster the preservation of a rich ecosystem of cultures that support a unified cause of prosperity and growth.

Reuben Lael

Director of Communications, National Urban League Young Professionals

What do you believe our community needs now more than ever?

Our community needs healing that leads to wholeness. This generation of stakeholders must invest strategically and wholeheartedly. This will increase our city’s capacity to create more opportunities for all to succeed in life regardless of race, gender, or socioeconomic status.

What are your hopes for our community’s future?

I hope for a city that is color brave with a common goal for all humanity. This moves us to love and respect every community we serve. A future where our differences are orchestrated to join forces to strengthen education, destroy prejudice in any form, and create better pathways to multidimensional opportunities for success.

Karem Montemayor

Coordinator, Deloitte LLP; Irving Arts Board Member, Department of Arts and Culture

What do you believe our community needs now more than ever?

Our community has pivoted in unprecedented ways during the past year with the capacity for in-person, face-to-face engagement being precarious and unknown. As we continue to navigate these new variables, now, more than ever, we need to continue to find new ways to engage, understand, and see each other.

What are your hopes for our community’s future?

With a change in the way we communicate and see each other, we adapted to think critically, quickly, and with innovation. Through this new lens, there were unexpected capacities for growth that helped our communities recognize their potential. My hope is that what previously seemed out of reach becomes accessible.

Heather Quinn

Account Manager, Brad Cecil & Associates

What do you believe our community needs now more than ever?

Now more than ever, I believe we need the ability to build bridges and listen deeply. Already divisive conversations have been made more difficult by social distancing and an increasingly virtual world. To move forward, we have to find ways to create authentic connections that lead to increased equity and progress for all.

What are your hopes for our community’s future?

My hope for our community’s future is that many of the steps being taken now are tied to long-term commitments and interests, to create a better world for future generations.

Mary Katherine Rademacher

Employer Relations and Marketing Specialist, SMU

What do you believe our community needs now more than ever?

Our community needs a collaborative approach to problem solving now, more than ever. We are no longer in a “moment in time” and need to embrace and empower all members of our community in order to move toward positive and lasting changes.

What are your hopes for our community’s future?

I hope that in the near future, everyone in our community has access to the educational resources that are fundamental to accessing and participating in the increasingly globalized world we live in.

Marisa Roberson

Loan Officer, U.S. Small Business Administration

What do you believe our community needs now more than ever?

This year has forced us to feel immense gratitude for things we normally take for granted, such as the human touch. Now more than ever, our community needs to embrace humanity. We must ensure that any federal, state, or local funding is distributed to entities and organizations that are actionable in their giving efforts to the community. It is evident that collective giving in North Texas is highest among individuals; therefore, we must ensure that funding is accessible to the individuals and families that need it most in their households.

What are your hopes for our community’s future?

I hope that in the future our communities will normalize compassion and respect for one another, regardless of race, gender, socioeconomic status, disabilities, etc. We cannot continue to be divided, especially during a pandemic, economic crisis, and racial division/inequalities. We all have something to offer one another, at some capacity through our profession, giving, or volunteerism. Therefore, our collaboration and trust will be greatly impactful.

Kerryn Sarwansingh

Consultant, Accenture Strategy & Consulting

What do you believe our community needs now more than ever?

I believe our community needs unity now more than ever. A successful community is founded on a diverse group of people sharing their different ideals and experiences in order to learn from one another. Without unity, it is nearly impossible for the collective whole to come together and work to make things better not only for yourself, but for all those around us.

Jennifer Sherry

Development Director, Agape Clinic

What do you believe our community needs now more than ever?

I think now, more than ever, our community needs more of us to become active participants in creating an equitable future where all citizens feel safe and have access to opportunity. We should invest our resources in ways that lift everyone and prioritize reforming political and economic systems that have traditionally withheld power from BIPOC communities and other marginalized groups.

What are your hopes for our community’s future?

My hope for our community is that in envisioning the future, we recognize that the people who live and work in our community are our greatest assets and that we invest our resources accordingly.

Kristal Smart

Vice President of Education & Strategic Outcomes, Boys & Girls Clubs of Greater Dallas

What do you believe our community needs now more than ever?

Right now, more than ever, we need open hearts and minds. We need a will to listen and to change our thinking even if it’s different from what we’ve experienced or learned. We need to understand that a one-way approach never worked and has caused vast inequities. We need truth and when faced with the truth we need to educate others.

What are your hopes for our community’s future?

The pandemic has created a path for a new future. My hope is that we take these moments and lessons to implement innovative and unconventional approaches, especially as they relate to educating our children.

Dhriti Stocks

Director of Corporate Relations, Girl Scouts of Northeast Texas

What do you believe our community needs now more than ever?

Now more than ever, our community needs to understand the truth of our history, our communities and cultures, and our individual hopes and dreams and use this community story to envision a more equitable future.

What are your hopes for our community’s future?

My hope is that we use this moment in time as a springboard for embracing the North Texas we know we can be – generous in all ways, inclusive in all ways, and an example of how a community can create a vision that makes room for everyone to grow.

Crystal Ward

Founder, Greater Than Expectations, Inc.

What do you believe our community needs now more than ever?

Our community needs leaders and organizations to listen to understand the issues, concerns, and hurt of our minority communities. Then, those same organizations should create policies, programs, and systems that dismantle preexisting systemic racism.

What are your hopes for our community’s future?

My hope for our community’s future is to create spaces where all ethnicities, socioeconomic levels, genders, etc., can thrive and bring forth a greater Dallas metroplex.

2020 Financial Highlights

Investment Managers

Aberdeen Asset Management, PLC
Alphadyne Asset Management LP
BlackRock
BNY Mellon Cash Investment Strategies
Breckinridge Capital Advisors, Inc.
Brookfield Investment Management
Burgundy Asset Management Ltd.


Dimensional Fund Advisors
Disciplined Growth Investors, Inc.
DL & Partners Investment Company
Freshford Fund Ltd.
GQG Partners, LLC
HHR Asset Management, LLC
Lazard Asset Management


Nuveen
Parametric Portfolio Associates, LLC
Renaissance Technologies, LLC
State Street Global Advisors
Trinity Street Asset Management
Two Sigma
Western Asset Management Company

CUSTODIAN BNY Mellon LEGAL COUNSEL Thompson & Knight INDEPENDENT AUDITOR Moss Adams INVESTMENT CONSULTANT Cambridge Associates, LLC

Financials for Fiscal Year Ending June 30, 2020

Total Assets:

Total Grants Paid:

Total Gifts Received:

Number of Funds:

Cumulative Grants:

ASSETS (in millions, unaudited)
2020 COMPOSITION OF ASSETS (in millions, unaudited)
GIFTS (in millions, unaudited)
2020 COMPOSITION OF GIFTS (in millions, unaudited)
TOTAL GRANTS PAID (in millions, unaudited)
2020 GRANTS DISTRIBUTION
2020 COMPOSITION OF GRANTS

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 click here.



View audited financials and full fund listing

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