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Your Guide to Simplified Complex Giving

Did you know Communities Foundation of Texas can accept a wide range of gifts, even real estate, art and antiques?

While assets that are most tax advantageous to give may be complex, your charitable giving doesn’t have to be. 

Prior to Peggy and David Rockefeller’s record-breaking art auction this spring, Communities Foundation of Texas held an event in partnership with Christie’s and Bessemer Trust that shared the story behind the Rockefeller family’s philanthropy and highlighted ways to give complex assets, such as art, to charity.

The Rockefeller collection of 1,500 items brought in $832.6 million—the highest ever for a private collection at auction. All of the estate’s proceeds from what is now the most significant charitable auction in history will be directed to charity. In a statement, David Rockefeller, Jr. said: “The auction exceeded our expectations in so many ways. Christie’s and our family had a shared financial goal of raising more than $500 million in estate proceeds for the 12 philanthropies our parents cared about so deeply, and it has been both humbling and deeply gratifying to see a sale total that reaches so far beyond that. These funds will provide very meaningful support to important institutions and foundations devoted to scientific research and higher education, support for the arts, foreign policy, and the conservation of coastal and agricultural lands.”

 “We love helping people think creatively to find ways to give that make the most sense for them with the resources and assets they have," says Carolyn Newham, Senior Director of Donor Relations at CFT. "We have the expertise to find the right way to make these work for each individual, family or business.”

The following are a few examples of complex gifts Communities Foundation of Texas has accepted:

Real Estate to Real Impact

A local CPA recommended that his client partner with CFT when the client was looking into how a property here in Dallas could help fund their philanthropy.
Working with the client, CFT was able to accept and place a percentage of the business into a donor-advised fund where it will produce income that can be used for grantmaking to nonprofits. In the event that the business is sold, that sale will further add to their charitable impact and legacy. CFT works with each scenario to provide the best outcome for the client and the advisor in order 
to maximize the client’s tax benefits while fueling the client’s philanthropy.

The Art of Giving

Longtime friends of CFT, Linda Buford and her late husband Bob Buford were stunned when two contemporary paintings they owned were appraised 
at 50 times what they had paid for the paintings when originally purchased in 1981.

With the new appraisal, the Bufords began to think of the paintings more as an investment that had appreciated than as beautiful artwork, and they worried about how light and humidity might affect their value. They decided to gift the paintings to Linda’s donor-advised fund at CFT so that CFT could sell the art at auction and Linda could recommend more grants to their favorite charitable causes.

The Bufords donated the paintings to CFT, and CFT handled the details necessary for selling the paintings at a fall contemporary art auction in New York, which Bob and Linda attended. CFT negotiated details of the consignment agreement, insured the paintings and arranged for them to be transported to New York in order to be photographed for the auction catalog.

“We enjoyed the paintings for many years, and for the past few years we’ve been able to experience more joy by using their value to help others,” said Linda.

New Uses for Antiques

Have you ever thought about what will happen to your favorite possessions beyond your lifetime? What about gifting those of high value to charity? Creating provisions in your estate can be an impactful way to further your philanthropic passions long beyond your lifetime, and CFT can often be the perfect partner to facilitate this on your behalf.

One of CFT’s donors has been a longtime collector. She has a collection of antiques that are very meaningful to her and wants to keep these items that bring her joy with her during her life. But beyond her lifetime, she will use these cherished assets to create her charitable legacy.

For her, that means supporting her favorite animal causes. She has created a provision in her estate plan stipulating that proceeds from the sale of her collection will support animals in need for years to come through a named fund at CFT. CFT is honored to support her passions on her behalf long into the future.

Learn more at www.cftexas.org/assets or contact Geri Jacobs, Director of Charitable Gift Planning, at gjacobs@cftexas.org or 214-750-4226.

What's Next?

What's Next?

John & Veletta Lill put plans in place to give back to the community


What's next? is the question former Dallas City Councilmember Veletta Forsythe-Lill and her husband John asked as they reviewed their financial goals. Approaching a milestone birthday and thankful to have accomplished some bigger goals like funding their son’s college education, Veletta started thinking about how she could sustain the legacy of the community she had helped build.

Norman Brinker Scholarship at CFT

Norman Brinker Scholarship at CFT

Legendary restaurateur’s legacy of excellence continues to inspire


Norman Brinker’s integrity, entrepreneurship and competitive spirit made him a legend, but it was his generosity and the desire to help raise the skill of others that made him beloved by his family, peers, employees, and the countless lives he touched.

Transforming Passion into Purpose

Transforming Passion into Purpose

Mike Tankersley - A Hire With a Higher Purpose


Business lawyer Mike Tankersley hires lawyers who will never work a single day for him. He and his wife, Karen, also an attorney, approached Communities Foundation of Texas seeking to translate their business law practices into courtroom assistance for the less fortunate.

Turning Loss into Legacy

Turning Loss into Legacy

Dan Smith Turns Loss into Legacy


Dan and Joellyn Smith were always strong proponents of helping those in need. They established the Smith Family Fund at Communities Foundation of Texas as a way to pay their prosperity forward. After Joellyn passed away from breast cancer, Dan approached us for guidance on how to honor her memory.

Investing Deeply in the Community

Investing Deeply in the Community

Brad Miller, business-advised fund holder and CFT for Business Member Company


Brad Miller, president of Encore Multifamily, is one of many business people fostering a community of service and building a philanthropic legacy from the ground up through CFT for Business, a Communities Foundation of Texas program that makes it easy for small- and mid-sized companies to do good.

Getting Creative to Fund the Arts

Getting Creative to Fund the Arts

Craig Hall Transforms Real Estate into Real Impact


Craig Hall, founder of Hall Group and fund holder at Communities Foundation of Texas, structured a complex donation of two premium restaurant spaces in the Dallas Arts District to his fund at CFT.

Your Guide to Simplified Complex Giving

Your Guide to Simplified Complex Giving

Did you know Communities Foundation of Texas can accept a wide range of gifts, even real estate, art and antiques?


Did you know Communities Foundation of Texas can accept a wide range of gifts, even real estate, art and antiques?

Supporting the Heart of a Champion

Supporting the Heart of a Champion

Gini Florer uses CFT's GiveWisely class to guide her charitable giving


Following a stroke in utero that left her son with his brain severely damaged, Gini Florer has become a champion for children with special needs.

Intentional Giving

Intentional Giving

Darryl Rose & Melisa Ambers feel the power of giving back


“KNOWING WE WANTED TO GIVE BACK in our community on a more significant level, my initial thought was to start my own foundation,” says Melisa Ambers. “But after we discovered CFT, we realized they have the resources and knowledge to help us make intentional gifts in this community. Why reinvent the wheel?”

Chip Off the Old Block

Chip Off the Old Block

Meredith Woodworth administers grants from her grandfather's fund


Before there were Morton’s Potato Chips, there was Granville C. Morton, honing his potato chip recipe in the kitchen of his Dallas sandwich shop.

Strikeouts Save Lives

Strikeouts Save Lives

Clayton Kershaw Uses CFT Fund to Raise Money for African Children


Dallas native and Los Angeles Dodgers pitcher Clayton Kershaw fused his natural baseball ability with helping children in need last season when he began pledging $100 for every strikeout to support children in Africa.

Casey McManemin keeps his grandfather's legacy alive

Casey McManemin keeps his grandfather's legacy alive

Casey & Megan McManemin bring Mack's Barber Shop to The Bridge


Casey’s grandfather was an unassuming man. He opened a barbershop in 1920 when he moved to Dallas. Today, Megan and Casey are continuing his grandfather’s legacy by funding a barbershop at The Bridge, a homeless shelter in downtown Dallas through their fund at CFT.

Choreographing a Campaign

Choreographing a Campaign

Dallas Black Dance Theatre works to secure its financial future


Dallas Black Dance Theatre, the premier professional dance company in Dallas, has taken steps to secure its financial future. In 2008, Dallas Black Dance Theatre successfully completed a $10.8 million capital campaign to secure a permanent home and established a fund with Communities Foundation of Texas to make continued giving easy for donors.

Neiman Marcus Employees Support Disaster Relief

Neiman Marcus Employees Support Disaster Relief

Neimans uses their business-advised fund to engage employees and respond to natural disasters


Disasters are life’s great equalizers. They remind us that being human is being vulnerable. When a disaster happens to others, we know it just as easily could have happened to us, and our inborn urge to help swells. Neiman Marcus wanted to give its employees a way to participate in disaster response and recovery efforts through the company’s annual charitable giving campaign.

Joining together to help Japan

Joining together to help Japan


On the morning of March 11, 2011, a catastrophic 9.0 earthquake spawned a 30-foot-high tsunami that destroyed the northeastern coast of Japan. Anna McFarland, witnessing news coverage of the disaster, knew she had to help. As the executive director of the Japan-America Society of Dallas/Fort Worth, a friendship organization connecting the two countries, Anna quickly turned to Communities Foundation of Texas for assistance.