Inside: Complex gift examples and updates from CFT that may be of interest to you and your clients. 
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We hope this finds you enjoying your summer!

Here at Communities Foundation of Texas we have begun a new fiscal year, and send a heartfelt “Thank You” for your advocacy in promoting CFT to your clients and encouraging philanthropy in North Texas and beyond. 

As we collectively work to make giving thrive, we wanted to share with you a few highlights from the newly released U.S. Trust Study of The Philanthropic Conversation: Understanding Advisor Approaches and Client Expectations:

  • Clients report advisors to be a valuable source of philanthropic information, second only to their spouse or partner.
  • Many advisors underestimate their clients’ desire to discuss philanthropy early in their advisory relationship and overestimate the importance of tax benefits as a motivation for giving.
  • High-net-worth clients named passion for a cause, impact on the community, and a desire to give back as their top motivations for giving. Fifty-eight percent will not change their level of giving as a result of the new 2017 tax policy.
  • Seventy-eight percent of advisors are experiencing the positive impact of philanthropic discussions with their clients on their bottom line. Having philanthropic conversations has helped advisors to:

    • Establish new clients (60%).
    • Deepen existing relationships (74%).
    • Build relationships with clients’ extended family (63%).
"The better advisors are at addressing their clients’ philanthropic needs, the more likely they are to enhance their client relationships and grow their business.” - Ann Limberg, head of philanthropic solutions and family office, U.S. Trust. 

We look forward to your continued partnership and hope you'll contact us as opportunities arise where we can serve you and your clients.

Advisor Connections: Complex Giving

Did you know Communities Foundation of Texas can accept a very wide range of gifts, including complex assets?

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

Partnership Interests Become Philanthropic Interests
Working with local advisors, CFT has had the opportunity to receive several gifts of limited partnership interests in 2018. Each one of these transactions has been unique, but gifting these business interests into donor-advised funds has included the following considerations:

•    the structure of the partnership;
•    the underlying assets;
•    the nature of any income to be received; 
•    the potential for unrelated business income; and
•    plans, if any, for liquidation.

It is exciting to be creative 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. Contributions to CFT such as these have the added benefit of being anonymous if the donor desires.

From Antique Collection to Charitable Contribution

Have your clients ever worried about what will happen to their favorite possessions beyond their lifetime? What about gifting those of high-value to charity?

Creating provisions in an estate can be an impactful way to fuel a client’s philanthropic passions long beyond their lifetime, and CFT can often be the perfect partner to facilitate this on their behalf.
One of CFT's donors has been a long-time 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 fuel her charitable legacy after her death. 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. We're honored to support her passions on her behalf long into the future.
Contact Geri Jacobs at if you'd like to discuss ways we can partner with you and your clients on complex giving.

Professional Seminar Highlights

On May 10, 2018, CFT/SMU Professional Seminar speaker Chris Hoyt, Professor of Law at the University of Missouri Kansas City School of Law, addressed the strategies, traps and solutions for challenging situations that estate planners and donors frequently face.
Discussing ways that estate planning techniques could benefit donors, Professor Hoyt offered the following advice:

“A typical charitable bequest is a distribution from the estate’s corpus, and [usually provides] estate tax savings but no income tax savings. An income-based charitable bequest is one where the source of the payment is the estate’s [trust’s] taxable income... this is a wholesale change from the traditional way of drafting a charitable bequest.”
We extend our gratitude to our 2018 co-sponsor Southern Methodist University; our major sponsor, Meadows, Collier, Reed, Cousins, Crouch & Ungerman, L.L.P.; to our partner sponsors, Carter Financial Management, Frost, and Thompson & Knight Foundation; and to our supporting sponsors, Armanino, L.L.P., Dallas CPA Society, Gray Reed & McGraw, HighGround Advisors, The Nautilus Group, Quest Capital Management, Inc., and Tolleson Wealth Management for their commitment to this year’s seminar.

Pictured left: Chris Hoyt addressing the audience; Pictured right: Greg Lanier, Bill Carter, Becky Bell, Ellenore Baker, Marnie Nebeker, Patty Hammond, Kathy Muldoon
View all of the event photos here

Upcoming events

We've partnered with D CEO Magazine on their inaugural Nonprofit and Corporate Citizenship Awards to uplift the good work of local businesses and nonprofits.
Join us for an evening of celebration on Wednesday, August 1!

Details and registration here. Use discount code CFTBUSINESS.
View the list of the D CEO Editorial Board's 64 Award Finalists here. 
Communities Foundation of Texas' 10th Annual North Texas Giving Day will be Thursday, September 20, 2018! Join us for a giving extravaganza to benefit local nonprofits. In ten years, this online event has transformed into a movement of community-wide giving that's pumped $195 million into local nonprofits. During North Texas Giving Day, everyone has the opportunity to be a philanthropist to build a stronger and more vibrant community. 
Did you know? Encouraging your clients to use a donor-advised fund is an excellent way for them to support their favorite charities on North Texas Giving Day! There are no fees on North Texas Giving Day grants made from CFT donor-advised funds. In 2017, CFT fund holders made 745 grants through 144 funds totaling $3.7 million for North Texas nonprofits. 

2019 CFT/SMU Professional Seminar


“Staying Atop Shifting Sands: Keeping Nimble Amidst Changing
Tax Laws

Featuring Speaker
Samuel A. Donaldson

Learn more about the speaker
Tuesday, May 7, 2019
Breakfast: 7:30am Program: 8:30-11:30am
Location: Southern Methodist University  
Registration now open - register here!
Copyright © 2018 Communities Foundation of Texas, All rights reserved.

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