In GrantMaking Reached
For the first time in the foundation’s 61-year history, Communities Foundation of Texas has passed the $100 million grantmaking mark in a calendar year. “Reaching this remarkable milestone equates to much greater charitable impact on the community,” said CFT CEO Brent Christopher. “Passing the $100 million mark represents more than just a number–it represents the countless people who will thrive as a result of our donors’ generosity.”
The amount of grants through CFT varies each year, largely due to the recommendations by donors from advised funds and the grants initiated by the foundation from discretionary funds, along with the success of North Texas Giving Day. CFT distributed $76 million in the 2013 fiscal year and $66 million in the 2012 fiscal year.