For clients who wish to enter the field of charitable giving, many professional advisors consider establishing private foundations in the family or business name. But a charitable fund established through Communities Foundation of Texas can offer distinct tax and administrative advantages, while still allowing donor involvement and recognition.

The reason is simple. CFT is a community foundation. Community foundations operate under Sections 501(c)(3) and 509(a)(1) of the Internal Revenue Code as public charities. As a result, all contributions to CFT are tax-deductible at the most favorable rates. And there are fewer rules and restrictions imposed on public charities than on private foundations.

Finally, Communities Foundation of Texas does not represent particular charities or answer to shareholders of banks or brokerages. We are attentive to our donors and to community needs. That means CFT manages funds and makes grants based solely on the positive results they will bring.