Community Foundation is a tax exempt organization that provides stewardship for many individual charitable funds. With its specialized services, Community Foundation of North Texas gives donors efficient charitable fund administration.

Cleveland banker, Frederick Goff, created the first community foundation in 1914, governed by civic leaders, which would handle permanent funds for charitably-minded citizens and distribute grants to local causes in their names.

Community Foundation enjoyed economies of scale and offered the affluent and modest donor alike the professional administration of a major institution. Financial experts continued to manage the investments of principal, while civic leaders carried out every donor's charitable wishes. Goff's idea spread coast to coast.

In 1981, a group of community leaders met to assess the need for a community foundation in Tarrant County. They determined the time was right to establish a charitable vehicle in Tarrant County which would allow private citizens to endow special causes and develop charitable reserves for the community. Our community foundation was originally formed as Community Trust, a division of United Way. In 1989, it became an independent incorporated public charity and changed its name to Community Foundation of Metropolitan Tarrant County. The first permanent fund was established in 1981, and as of December 31, 2006, the Foundation's assets totaled over $129 million, and we have distributed more than $83 million in grants to benefit worthy causes. In 1999, to better represent the area we serve, the name was changed to Community Foundation of North Texas.

The Board of Directors of Community Foundation provides stewardship for all contributed funds. Serving without compensation, the Directors approve all grants made, review investment performance and oversee the operation of the Foundation.

Fort Worth Club Building 306 West 7th Street, Suite 306 Fort Worth, Texas 76102 Telephone 817/877-0702 Fax 817/877-1215

Last updated 09 April 2008