Business-Advised Fund: Enabling Employees Pays Off
The team of independent accountants, advisors, and administrators at TravisWolff would rather spend their time working together to help others than vetting the many nonprofit organizations they support and managing the company’s charitable fund. That’s why TravisWolff established a business-advised fund at Communities Foundation of Texas (CFT). “CFT provides an outstanding opportunity to channel engagement in charitable giving, organizes activities and streamlines efforts for us,” said Harold Gaar, managing partner. “CFT is not just managing our funds, but also active participation of our employees.”
The staff of TravisWolff is very involved in CFT’s Entrepreneurs For North Texas (EFNT) organization, and the company was instrumental in making EFNT’s Freedom Day project a success as its employees worked with more than 400 other volunteers to give Sarah Zumwalt Middle School in South Dallas a makeover. “We don’t direct our employees; we enable them,” Gaar said. “Volunteering creates a sense of community and a sense of giving while working with other like-minded people. It extends charitable giving and extends business relationships, too.”
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