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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.

You can't take it with you!

You can't take it with you!

Ford Lacy and Cece Smith Plan Their Community Legacy


"YOU CAN’T TAKE IT WITH YOU!" is the first thing Ford Lacy said when we asked what spurred him and his wife, Cece Smith, to plan in advance how they would give to charity through their wills.

Learning to Heal

Learning to Heal

Simon Greenstone creates a scholarship fund for those impacted by cancer


“We’re so pleased to have CFT as our partners as we make a real difference in the lives of so many deserving kids” says Simon Greenstone, founding shareholder of the law firm Simon Greenstone Panatier.

Racing Toward a Cure

Racing Toward a Cure

Shelby family furthers pancreatic cancer treatment options


The Shelby Family has made meaningful investments in the diagnosis and treatment of pancreatic cancer by working with CFT staff and funding clinical trials through donor-advised funds at CFT.

Sharing Values & Planning Your Legacy

Sharing Values & Planning Your Legacy

A conversation with Ray and Linda Pekowski


“We chose Communities Foundation of Texas as our legacy charity because we love the people there, their stewardship and the ease in working with their team.” - Linda and Ray Pekowski

Where Giving Invests

Where Giving Invests

Cotton Bowl Fund at CFT invests in Friends of Barack Obama Male Leadership Academy


“Visiting a college or university is fairly common in middle or upper middle-class homes, but we believe every student should have that opportunity.” — Jay McAuley, Chairman of the Cotton Bowl Foundation

Where Giving Serves

Where Giving Serves

RHSB: CFT Business Fund Holder and Freedom Day Volunteers


“CFT is a valuable and strategic partner that helps RHSB make a meaningful impact and contribution to the community where we live, work and raise our families.” — Doug Jones, Senior Vice President and Principal at RHSB

Where Giving Persists

Where Giving Persists

Grace Jo, North Korean Refugee and Scholarship Recipient


“I believe that education has the power to transform societies." - Grace Jo One of the goals of the George W. Bush Institute is to improve the human condition in North Korea, where 24 million people live under a brutal dictator. When the Bush Institute wanted to establish a scholarship fund to support North Korean refugees, it came to CFT to administer the program by handling the scholarship applications, screening and grants.

Where Giving Grows

Where Giving Grows

Martha Jackson, GiveWisely Graduate and CFT Fund Holder


On the 10th anniversary of her nephew’s passing, Martha found a way to honor him. She set up a donor-advised fund through CFT to help children and youth develop self confidence through art and athletics. But she didn’t stop there. After taking CFT’s GiveWisely class and visiting Family Gateway, which supports homeless families, Martha was inspired to roll up her sleeves and volunteer.

Where Giving Shelters

Where Giving Shelters

Dan and Rebecca Tatsch, Record-Holding North Texas Giving Day Donors


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Grandparents Spark New Generation

Grandparents Spark New Generation

Hegi Grandchildren Take Up the Torch of Giving


Grandparents Fred and Jan Hegi are passing on a powerful legacy by empowering their six grandchildren to change lives through The Hegi Grandchildren’s Fund at CFT. The fund not only serves as a charitable resource but as a way to instill the importance of giving in a future generation. Through the fund, each grandchild will be giving $200 every year to a charity of their choice — a responsibility that each of them has agreed to approach thoughtfully.

Expanding Horizons

Expanding Horizons

Angie Dickson Returns to her Roots


Angie Dickson spent her childhood on her family’s ranch in West Texas. As an adult, she built a successful career in finance, but she felt a strong calling to give back. So she turned to CFT to help establish a fund that could accept gifts for Kids on the Land, a nonprofit that she formed with her mother, Katherine Dickson, and Peggy Maddox. Partnering with local landowners, schools and government organizations, this unique program teaches elementary school children about the natural resources in their own region.

Gifted Musicians

Gifted Musicians

Heart of Neiman Marcus Foundation Fund at CFT


In corporate philanthropy, Neiman Marcus has an ear for youth arts education. Research has shown that students receiving arts training graduate at higher rates, score higher on the SAT, are better creative problem solvers and become engaged civic leaders. The Heart of Neiman Marcus Foundation Fund at CFT was established to strategically invest in organizations providing support for arts education for underserved youth.

Helping Hands

Helping Hands

The Sweet Life Fund helps burn victims survive tough times


Scott Sweet was just a second-grader when he was severely burned by a live wire. He spent countless days in the hospital and still remembers the sadness of missed recesses and feeling isolated from his schoolmates. But the care he received made a lasting impression, inspiring him and his wife Cathy to help other children dealing with similar medical crises.

What's Next?

What's Next?

John & Veletta Lill put plans in place to give back to the community


What's next? is the question former Dallas City Councilmember Veletta Forsythe-Lill and her husband John asked as they reviewed their financial goals. Approaching a milestone birthday and thankful to have accomplished some bigger goals like funding their son’s college education, Veletta started thinking about how she could sustain the legacy of the community she had helped build.

Norman Brinker Scholarship at CFT

Norman Brinker Scholarship at CFT

Legendary restaurateur’s legacy of excellence continues to inspire


Norman Brinker’s integrity, entrepreneurship and competitive spirit made him a legend, but it was his generosity and the desire to help raise the skill of others that made him beloved by his family, peers, employees, and the countless lives he touched.