Private Foundation Services

Private Foundations work with Communities Foundation of Texas in 3 key ways:


Option 1: Convert to a fund

Convert the foundation into a named advised fund

Rollover your private foundation into a named donor-advised fund, and let our experienced staff help you achieve your charitable goals. Your donor-advised fund can maintain the same name, identity and charitable goals as your foundation. Continue your charitable giving without the burdensome administrative costs, IRS requirements, compliance regulations and excise tax payments associated with a private foundation. We can facilitate all the necessary legal and administrative steps for you. Read a CFT newsletter article about converting to a fund. Contact Kathryn McGill to get started (214) 750-4145. 

Option 2: Payout to a fund

Donate the foundation's annual 5% required payout to a donor-advised fund here

If you have trouble meeting your private foundation's annual 5% payout requirement, the community foundation can assist by accepting contributions from this payout. Because the private foundation's contribution to us is a "qualifying distribution," it counts toward the 5% payout. If you donate all or part of your 5% payout to a donor-advised fund, we can help you distribute the money. Or, you can donate it to our Community Impact Fund and the money will be distributed through our grantmaking strategies. Contact Kathryn McGill to get started (214) 750-4145. 

Option 3: CFT Services

Take advantage of our new Customized Philanthropy Services program

Private foundations can take advantage of our Customized Philanthropy Services. We offer guidance on the art and science of giving effectively and provide full-service support for your administrative needs. Our professional, dedicated staff can help you accomplish your giving goals - from due diligence on a local nonprofit to executing a grant agreement. Contact Kathryn McGill to get started (214) 750-4145. 

 

 

Mrs. D: The unceasing activist

“My mother was a tireless champion of education and community improvement. She has always been an inspiration for me and now for my four daughters as well,” says Michelle Hall.
Read how Michelle and her husband, Houston, converted their private foundation into a donor-advised fund and make grants to honor Michelle’s mother.

Sarah Beeks HigdonSarah Beeks Higdon, MBA, CAP©
Development & Corporate Relations Officer
214-750-4247
shigdon@cftexas.org

Geri Jacobs, ChFC, CLU
Director of Charitable Gift Planning
214-750-4255
gjacobs@cftexas.org

Kathryn L. McGill, CAP©
Advisor Relations Officer
214-750-4145
kmcgill@cftexas.org

Contact one of us to discuss services we can provide your private foundation.

Our Key Programs:

North Texas Giving Day Educate Texas - a public policy initiative of Communities Foundation of Texas Entrepeneurs for North Texas - a program of Communities Foundation of Texas W.W Caruth, Jr. Foundation - at Communities Foundation of Texas

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