According to Communities Foundation of Texas Board Member Sarah Losinger,
“Even before I joined the board at Communities Foundation of Texas (CFT), I appreciated the benefits of working with them on my family’s philanthropic goals. My wish for this holiday is that even more people took the opportunity to do that–and they can! Not only can you work with Communities Foundation of Texas for your own personal or business philanthropy, but you can join those who give CFT funds as gifts to their children, grandchildren and employees.
“You may have read about how Jan and Fred Hegi set up a fund for their grandchildren. CFT gathers the six grandchildren together regularly to talk about how they want to give back. It’s both great family bonding and great for those nonprofits that receive grants from the Hegi grandkids. They’ve now inspired several of their friends to open CFT funds for their grandchildren as well.
“And it’s not just for the kids…as your adult children and/or employees get more involved in the community, their receiving a fund as a gift from an employer or family member can really motivate them to reach the next level of giving—from not only giving their time but also their treasure. Several companies are including funds as part of their employee benefit packages or as milestone anniversary awards.
“The other reason people love establishing funds for others is that you can then add more to their CFT funds for birthdays, holidays, new work milestones and other occasions.
“Another easy way to give a CFT fund to yourself, your children or other desired recipients is through your estate plans. You can go ahead and establish a fund in your own or your honoree’s name at CFT, and CFT can give you the language to establish the path to fund it through your will or trust documents. This approach is completely free, and so gratifying to go ahead and do. Simply announcing that you’ll do this through your estate is a great gift for yourself or your loved ones at the holidays.
“Getting started is really easy. A donor-advised fund at CFT can be opened in less than an hour, and the team will even be in the office until 5 p.m. on Tuesday, December 31, to assist with year-end gifts. Drop by 5500 Caruth Haven Lane, visit online at CFTexas.org or email Carolyn Newham via [email protected]. The staff at Communities Foundation of Texas couldn’t be more professional, gracious and creative in the ways they can partner with you and your family or business on your philanthropic journey. Happy Holidays!”
* Graphic provided by Communities Foundation Of Texas