Professional Advisor Advantages
The Community Foundation of North Texas is a collection of endowment funds and other gifts, contributed by many individuals, families, and corporations to benefit charitable causes in our community.
Advantages:
- Flexibility - A donor can make one gift to satisfy a variety of personal charitable interests.
- Tax Advantages - Assets contributed to the Community Foundation qualify for maximum tax deductibility.
- Convenience - A fund can usually be opened with one brief meeting, with the Community Foundation handling all government reports, legal questions and audit requirements.
- Independence - A 19-member board, made up of community leaders, oversees the programs of the Community Foundation. Their only interest is the ongoing needs of the community.
- Economy and Efficiency - With over $142 million in assets, our Community Foundation enjoys economies of scale: Administrative fees are low.