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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.

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.

Focusing on Kids' Futures

Focusing on Kids' Futures

Trinity River Mission uses scholarship funds to focus kids' on their futures


The children who complete the Believe and Achieve program offered through Trinity River Mission (TRM) receive more than the enhanced self-esteem that comes from academic success.  “The high school seniors are pretty much guaranteed a $4,000 scholarship to college,” said Dolores Sosa Green, executive director, referring to the $500-per-semester scholarship that is funded and administered through CFT.

The Art of Financial Management

The Art of Financial Management


Looking to raise a large amount of money to help restore the original Booker T. Washington High School for the Performing and Visual Arts campus and build a new state-of-the-art facility adjacent to the 1922 building—without spending resources on staff and infrastructure to manage those funds—the Arts Magnet Advisory Board partnered with Communities Foundation of Texas (CFT) when they launched a capital campaign.

The Art of Giving

The Art of Giving

Linda and Bob Buford donate art to CFT to use proceeds for charitable good


When Linda and Bob Buford purchased a contemporary painting in New York 27 years ago, little did they realize it would produce so many rewards. The large painting by abstract expressionist painter Joan Mitchell, with its active brush strokes and vibrant yellows and blues, captured the spirit of the bright, sunny landscapes of the South of France. Along with another work by the same artist, the painting hung in the Bufords’ guest bedroom where Bob often read and admired the two favorites from their art collection.

Michelle Hall honors her mother's passion

Michelle Hall honors her mother's passion

Hall uses her donor-advised fund to honor her mother


“My mother was a tireless champion of education and community improvement,” says Michelle.  “She has always been an inspiration for me and now for my four daughters as well.”It’s hard to overstate the effect Margarita De Nocochea had on Calexico, California.

Pet Adoption Advocate

Pet Adoption Advocate

Kit and her daughter, Gloria, opened the Saving Hope Fund at Communities Foundation of Texas after finding and adopting an abandoned and severely abused dog on her ranch outside of Fort Worth 


Kit and her daughter, Gloria, opened the Saving Hope Fund at Communities Foundation of Texas after finding and adopting an abandoned and severely abused dog on her ranch outside of Fort Worth, Texas. Kit Moncrief always had a soft spot for animals. The socialite and animal lover adopted her fair share of rescue animals in the past, so when she heard that an abused dog turned up on her family’s ranch, she knew she had to take action.

Setting an Example

Setting an Example

Generational Hands-on Service from the Scripps Family


“I ENJOY BEING VERY HANDS-ON,” says Debbie Scripps. “At Children’s Medical Center, I’ve loved doing a range of things from working in the gift shop to decorating the hospital to spending time with the kids.”Debbie and Ric Scripps, CFT fund holders, understand the value of giving back to their community. As their children have grown into adults, Ric and Debbie have seen them embrace their philanthropic side as well.

Tomorrow our future will be brighter

Tomorrow our future will be brighter

Help and hope for expecting mothers


Thanks to the passion of donors like the Nicol family, this little girl was born a happy and healthy baby. The Life Shines Bright Pregnancy Program, an initiative of the Methodist Health System, provides resources for at-risk expectant mothers to help reduce the risk of preterm birth.

Her Dream Lives On

Her Dream Lives On

Pearl Anderson’s Fund from 1955 still supports the community today


When CFT began 60 years ago in 1953, it was known as the Dallas Community Chest Trust Fund. The first major gift to the Dallas Community Chest Trust Fund was in 1955 from Pearl C. Anderson. She was an African- American grocer and widow of a local physician. Her gift was a future interest to the trust in a prime piece of land in downtown Dallas valued at $325,000.