CFT also announced awarding $109 million in community grants in the 2017 fiscal year, marking the fourth year in a row it has passed $100 million grantmaking.
The foundation’s total assets at the end of the 2017 fiscal year were $1,098.9 billion. Below is the breakdown of FY17 grantmaking by issue area:
- Education: 26%
- Health & Scientific Research: 22%
- Housing & Human Services: 14%
- Community Improvement: 10%
- Religious Activities: 9%
- Other: 9%
- Arts & Culture: 7%
- Youth & Recreation: 3%
Another highlight of CFT’s year was the ninth annual North Texas Giving Day. The fundraising juggernaut raised $39.3 million in 2017, a record amount both in the event’s history and in the nation. More than 137,000 donations were made to 2,723 local nonprofits on September 14.
In 2017, CFT’s statewide educational initiative Educate Texas impacted more than 2 million students across its portfolio of work in four key focus areas – College and Career Readiness, Effective Teaching, Higher Education and Collective Impact – continuing to fulfill its vision to increase postsecondary readiness, access and success for all Texas students.
Also in 2017, CFT:
- Raised $4.8 million for hurricane relief and recovery efforts.
- Launched Working Families Success Network to build the economic security of 2,212 nonprofit clients
- Received recognition and funding from W. K. Kellogg Foundation as part of a team enabling Dallas to be named a place of Truth, Racial Healing & Transformation
- Distributed $1.4 million to 131 scholarship recipients
- Logged more than 8,000 volunteer hours through the newly launched CFT for Business.
- Awarded grants from the W.W. Caruth, Jr. Foundation at CFT to further public safety, health and education. Three of the 2017 grants include $7 million granted to the Meadows Mental Health Policy Institute, $2 million to the Texas Biomedical Device Center at The University of Texas at Dallas and $1.5 million to launch Year Up in Dallas.
About Communities Foundation of Texas
Communities Foundation of Texas (CFT) works with families, companies and nonprofits to build thriving communities locally and across the state through a variety of charitable funds and strategic initiatives. The foundation professionally manages 1,000 charitable funds and runs several key initiatives like Educate Texas, North Texas Giving Day and the W. W. Caruth, Jr. Foundation. CFT has awarded more than $1.7 billion in grants since its founding in 1953. www.cftexas.org
- : Communities Foundation of Texas