Communities Foundation of Texas is kicking off the week with lots of great news.
First, let’s talk about money. . . lots of money. CFT revealed that during 2012 it distributed $66 M to the community. How about a breakdown of how the money was spread out?
- Education: 33%
- Health and Scientific Research: 15%
- Religious Activities: 11%
- Housing and Human Services: 10%
- Community Improvement: 10%
- Arts and Culture: 9%
- Youth: 7%
- Other: 5%
That brings the grand total of $1.2 billion that CFT has provided the area since its founding in 1953.
Another newsflash is the announcement of the newest members of the board of trustees — business man and philanthropist Ken Hersh and CFT President/CEO Brent Christopher, who serve as an ex-officio trustee.
Ken just recently made headlines when The Carlyle Group acquired 47.5% interest in his NGP Energy Capital Management.
Brent has been with CFT for eight years during which time the organization “has grown 20% in asset size and crossed the $1 Billion mark in cumulative grantmaking.”
Ken and Brent will be joining other CFT trustees including vice chairman Frank Risch, James E. Bass, Becky Bright, Jeanne T. Cox, Judith W. Gibbs, Jack M. Kinnebrew, Bobby B. Lyle, John McStay, Harold Montgomery, Carlos Gonzalez Pena, Hon. Florence Shapiro, Karen Shuford and Tederma L. Ussery II. Ex-officio non-voting members of the board are former chair Ruth Altshuler and chairman emeritus Jody Grant.
Photos provided by Communities Foundation of Texas