Skip to main content

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. “Many of our donors had funds at CFT that made it easy for them to support our fundraising effort with the confidence that the structure and security of CFT were behind the project,” said Lisa Lawrence Holland, executive director of the advisory board of Arts Magnet. The unprecedented public/private partnership with the Dallas Independent School District for the Arts Magnet Building Campaign successfully raised more than $34 million for the $55 million project. Today the Arts Magnet board maintains funds at CFT. “If you do not have sufficient assets to create a stand-alone endowment, CFT provides the structure to access the benefits of a very large investment portfolio.”

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.