With the arrival of 2010, it’s important to take a moment to reflect on all that happened during 2009 in the life of CFT.
When we started last year, a possible merger with The Dallas Foundation was still on the table. We were consumed with envisioning the future of the foundation. And, along with planning ways to make CFT more effective across the board, we also were taking a much closer look at the next phase of work for the Texas High School Project. THSP already touches 83,000 students, but how could we improve postsecondary readiness for many more with strategies that can be scaled statewide?
Moving forward through the year, CFT made some exciting changes:
We have a new strategic vision for enhancing the experience and impact of giving through CFT, and a plan to make that happen.
THSP is on its way to reaching 1,000,000 students by shifting its focus to advocacy strategies around proven new education models.
We didn’t merge with The Dallas Foundation, but we’re working more closely with them and other peers than ever before.
Speaking of which, DonorBridge was launched as both a unique and valuable resource for our community, and a model for others nationally, turning $300,000 into $4 million in a single day while we were at it.
At the very end of the year, we received a $20 million infusion to our discretionary grantmaking capacity through the generous legacy of Charles Sammons, with which we can help address the most pressing community needs—forever.
Along the way, the long-awaited restoration of the Caruth Homeplace moved into full swing, which is nearing completion. Furthermore, we not only paid more charitable grants than ever in a single fiscal year—$84 million—but we also crossed the $1 billion milestone in cumulative grantmaking during the proud 56-year history of the foundation.
Nonetheless, the hard work is not over. There still are many things to be done. In addition, the start of 2010 brought the world a devastating international catastrophe in the form of an earthquake in Haiti. CFT is stepping up at the request of President George W. Bush to help manage donations to the Clinton Bush Haiti Fund, which is both a privilege and an enormous responsibility.
But before the opportunity passes, let me take time just to simply say thanks. Thanks to our talented staff at the foundation. Thanks to you for everything you invest in order to make a difference for all of us.
And, thanks for helping to make CFT a powerful tool for positive change in the lives of people across this region, this state, and beyond.