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Sammons Bestows $20 Million Gift to CFT

Estate and corporate gifts support discretionary grantmaking in perpetuity

For some, December is all about the wintery cold. But for the many nonprofits and charitable organizations that Communities Foundation of Texas serves, it may well be the warmest month on record, thanks to a generous gift from Charles A. Sammons.

The gift, made possible by the estate of Mr. Sammons and the ongoing generosity of Sammons Enterprises, is intended to continue the tradition of community involvement started by the company’s founder.

of a historic $100 million cumulative gift to six charities in Dallas, the contribution "honors Mr. Sammons’ conviction that the worth of a company should be based on its profitability and its contribution to the community," said Heather Kreager, President, Sammons Dallas Foundation. "The beneficiaries will be able to continue their missions of helping improve the quality of life for the people within our community who are facing challenges."

Along with his wife, Elaine, Charles Sammons and his successful companies made countless charitable contributions in the Dallas area. To ensure that this spirit of community involvement would continue, he made provisions through his estate plans many years ago.

Like Mr. and Mrs. Sammons, you have probably given a great deal of consideration to charitable giving through the years. Even if you’ve never actually thought of yourself as a philanthropist, a bequest is one of the most meaningful ways to make a lasting impact for a charitable organization. It is also one of the simplest. Establishing a bequest to CFT through a will or trust ensures that those charities you value most will continue to receive your philanthropic support.

"Our donor relationships are built on confidence and trust," said Jackie Franey, Donor Relations Director at CFT. "As a beneficiary of an individual’s estate, CFT will carry on a donor’s charitable intentions."

By working with donors and their professional advisors, CFT can assess the financial implications of different philanthropic options, which may influence the way a charitable plan is created.

As the largest community foundation in the South, and one of the largest in the country, CFT has been helping donors maximize charitable gifts for nearly 57 years. During that time, CFT has assisted countless donors in making informed choices that benefit both their personal estate planning and the charities and causes which they are most passionate about.

For assistance in planning your charitable giving through your estate plans, or simply to learn more, please contact Jackie at 214-750-4222.

 

Charles Sammons and his wife Elaine built their company on a high standard of personal and corporate responsibility. Through the years, their own philanthropic giving created a monumental legacy, one that they built quietly, with a great deal of humility and incredible generosity.