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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.”

Meet Andy Smith and Paul von Wupperfeld

Meet Andy Smith and Paul von Wupperfeld


In 2018, Andy Smith and Paul von Wupperfeld established the Andy Smith and Paul von Wupperfeld Charitable Fund at CFT, a donor-advised fund that they use to support their passion for the arts and equity.

A Passion for Opportunity

A Passion for Opportunity

Kristofer Robinson Scholarship Fund at CFT provides educational opportunities for paraplegic and quadriplegic students in Texas


Established after a tragic automobile accident that left the late Kristofer Robinson paralyzed from the neck down, the Kristofer Robinson Scholarship Fund at CFT was created to support the education of paraplegic or quadriplegic individuals. One recent scholarship recipient of the Kristofer Robinson Scholarship Fund is Nathan McClintock.

A Passion for Education

A Passion for Education

Om & Shanti Funds at CFT provides scholarships and opportunities to students


For the Sethis, giving back is a family affair. Parvesh and Jeet Sethi have two charitable funds at CFT: the Om & Shanti Scholarship Fund and the Om & Shanti Fund, a donor-advised fund. Both their family fund and their scholarship fund are centered around providing educational opportunities for students.

A Passion for Community

A Passion for Community

Mary Anne Sammons Cree leaves legacy of giving through CFT's Live Oak Legacy Society


Mary Anne Sammons Cree had a passion for our North Texas community. She spent her life giving back in support of the causes that mattered most to her—the performing and visual arts, museums, education, and nature.

A Passion for the Arts

A Passion for the Arts

Cece Smith Lacy and Ford Lacy fund new works from arts organizations through their fund at CFT


As Cece Smith Lacy and Ford Lacy began their estate planning process, they came to Communities Foundation of Texas for assistance with their planned giving. During their research, they learned about donor-advised funds and decided to open the Cece Smith Lacy and John Ford Lacy Fund at CFT to support their giving during their lifetime.

A Passion for Giving

A Passion for Giving

CFT’s NTX Giving Day becomes an annual celebration for the Ngo family


Joylynn Huynh-Ngo’s children haven’t quite made it out of elementary school, but they know a thing or two about whipping up batches of boba tea, cookies, and lemonade, and sharing their creations with and for the community.