Communities Foundation Of Texas

Organization Overview

Communities Foundation Of Texas is located in Dallas, TX. The organization was established in 1961. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2022, Communities Foundation Of Texas employed 170 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Communities Foundation Of Texas is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2022, Communities Foundation Of Texas generated $274.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.9% each year . All expenses for the organization totaled $207.4m during the year ending 06/2022. While expenses have increased by 6.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2016, Communities Foundation Of Texas has awarded 20,890 individual grants totaling $823,809,695. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE FOUNDATION IS COMMITTED TO SERVING CHARITABLE NEEDS BOTH DOMESTICALLY AND ABROAD THROUGH CHARITABLE GRANTS AND SERVICES AT THE DISCRETION OF THE BOARD OF TRUSTEES.

Describe the Organization's Program Activity:

THE FOUNDATION ACHIEVED ITS PRIMARY PURPOSE THROUGH NUMEROUS CHARITABLE GRANTS AND THE PROVISION OF CHARITABLE SERVICES TO SUPPORT CHARITABLE NEEDS BOTH DOMESTICALLY AND ABROAD. SEE THE ATTACHED SCHEDULE F AND SCHEDULE I.


EDUCATE TEXAS, A PUBLIC-PRIVATE INITIATIVE OF COMMUNITIES FOUNDATION OF TEXAS, IS AN INNOVATIVE ALLIANCE OF PUBLIC AND PRIVATE GROUPS THAT SHARE A COMMON GOAL IMPROVING THE PUBLIC EDUCATION SYSTEM SO THAT EVERY TEXAS STUDENT IS PREPARED FOR SUCCESS IN SCHOOL, IN THE WORKFORCE, AND IN LIFE.


NORTH TEXAS GIVING DAY, LAUNCHED IN 2009 BY CFT, IS THE LARGEST GIVING DAY IN THE NATION. IT IS AN ONLINE EVENT DEDICATED TO RAISING MONEY FOR NORTH TEXAS NONPROFITS. BONUS FUNDS AND PRIZES ARE PROVIDED BY CFT AND OTHER LOCAL FOUNDATIONS, CORPORATIONS AND INDIVIDUALS.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Learning Agenda Inc
Consulting
$868,009
Epam Systems Inc
Consulting
$337,550
The David L Aldridge Company Inc Dba A
Technology Support
$318,928
Civicore Llc
Technology Provider
$1,029,411
Strategic Focus Llc
Consulting
$771,306
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$33,989,900
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$205,056,379
Noncash contributions included in lines 1a–1f $66,134,086
Total Revenue from Contributions, Gifts, Grants & Similar$239,046,279
Total Program Service Revenue$6,135,984
Investment income $4,248,884
Tax Exempt Bond Proceeds $0
Royalties $345,725
Net Rental Income $0
Net Gain/Loss on Asset Sales $23,852,787
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $274,423,452

Grants Awarded

Over the last fiscal year, Communities Foundation Of Texas has awarded $165,633,158 in support to 2,242 organizations.

Grant RecipientAmount

DALLAS FOUNDATION A TX NONPROFIT CORPORATION

Org PageRecipient Profile

Dallas, TX

PURPOSE: THIS GRANT IS DESIGNATED FOR SOUTHERN GATEWAY PUBLIC GREEN FOUNDATION FOR SOUTHERN GATEWAY PARK AND FOR GENERAL SUPPORT

$4,940,919

THE SALVATION ARMY

Org PageRecipient Profile

Atlanta, GA

PURPOSE: THIS GRANT IS DESIGNATED FOR THE CONSTRUCTION OF A CHAPEL IN THE DALLAS SOCIAL SERVICE CENTER PLAZA AND FOR GENERAL SUPPORT

$3,145,908

MIDLAND COLLEGE FOUNDATION INC

Org PageRecipient Profile

Midland, TX

PURPOSE: THIS GRANT IS DESIGNATED FOR THE PREK ACADEMY AND CENTER FOR TEACHING EXCELLENCE, SCHOLARSHIPS AND GENERAL SUPPORT.

$3,063,836

THE UNIVERSITY OF TEXAS SOUTHWESTERN MEDICAL CENTER DALLAS

PURPOSE: THIS GRANT IS DESIGNATED FOR BASIC RESEARCH IN MOLECULAR CARDIOLOGY, THE DISTINGUISHED CHAIR IN OPHTHALMOLOGY AND GENERAL SUPPORT.

$3,006,546

METRO DALLAS HOMELESS ALLIANCE

Org PageRecipient Profile

Dallas, TX

PURPOSE: THIS GRANT IS DESIGNATED FOR GENERAL SUPPORT.

$2,884,088

PERMIAN BASIN AREA FOUNDATION

Org PageRecipient Profile

Midland, TX

PURPOSE: THIS GRANT IS DESIGNATED FOR THE MIDLAND DOWNTOWN PARK CONSERVANCY ENDOWMENT FUND. NO BENEFITS TO BE RECEIVED FROM THIS GRANT.

$2,500,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 6 grants that Communities Foundation Of Texas has recieved totaling $1,228,698.

Awarding OrganizationAmount
Constantin Foundation Inc

Dallas, TX

PURPOSE: TOWARDS CONSTANTIN FOUNDATION FUND FOR OUR CALLING

$500,000
Constantin Foundation Inc

Dallas, TX

PURPOSE: TOWARDS CONSTANTIN FOUNDATION FUND FOR FOREST FORWARD

$500,000
Addy Foundation

Dallas, TX

PURPOSE: CIVIC/COMMUNITY ENGAGEMENT

$165,000
Eclat Foundation

Murphy, TX

PURPOSE: SCHOLARSHIP TO NEEDY STUDENTS.

$63,000
Fordan Family Foundation

Cedar Hill, TX

PURPOSE: SUPPORT

$410
M B Ahmed Family Foundation

Plano, TX

PURPOSE: GENERAL

$288
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$317,159,000
Earnings-$34,668,000
Net Contributions$21,709,000
Other Expense$4,178,000
Grants$4,882,000
Ending Balance$295,140,000

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