Curating Your Community Impact
For nearly a century, The Dallas Foundation has offered donors an opportunity to make a philanthropic investment today that benefits tomorrow’s Dallas.
As a community foundation, we are able to offer the full spectrum of giving vehicles, from supporting organizations to donor-advised, field of interest, designated and agency funds, each of which allow you to dictate your preferred level of engagement. Our team of advisors can help you understand the array of options and create a customized plan for your unique situation.
Giving to and through the Foundation provides access to both community and philanthropic expertise gained through our team’s knowledge and experience as well as our deep relationships with nonprofit and civic leaders across Dallas. We can help amplify your philanthropic investment through smart and strategic gift planning accompanied by the confidence that your intent will be honored.
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A Gift in Your Will or Living Trust
A charitable gift from your estate through a provision of your will is called a bequest. By specifying a dollar amount or percentage of money or the residual of your estate, you may be able to receive a substantial federal estate tax charitable deduction. A charitable gift through your estate may be gifted to an existing fund or may establish a new charitable fund.
Sample Bequest LanguageBeneficiary Designations
Naming The Dallas Foundation as the beneficiary of your retirement plan assets, life insurance policy or bank account(s) is another easy, flexible way to give. This allows you to add to or establish a charitable fund upon death. You may review and adjust your beneficiary at any time.
IRA Charitable Rollover
In 2015, Congress enacted a permanent extension of the IRA Charitable Rollover provision. As a result, individuals age 70½ or older can make gifts directly from their IRA to a charity. While a distribution from an IRA cannot go into a donor advised fund, The Dallas Foundation offers several qualifying funds, including Field of Interest Funds and our Community Impact Fund.
Charitable Remainder Trusts
A Charitable Reminder Trust allows a donor to convert a highly appreciated asset such as stock or real estate into income, reducing income taxes today and estate taxes upon death. It avoids capital gains tax when the asset is sold and allows the donor to direct any funds remaining in the trust to a charitable entity.
Private Foundation Termination
Individuals and families who established private foundations years ago may find them no longer suitable or convenient. In some cases, family members or trusted colleagues are unavailable to manage the foundation in a volunteer capacity, the administrative burdens have become an inconvenience, or the size of the private foundation now makes it difficult to justify the operational costs. Whatever the situation, The Dallas Foundation can convert the remaining assets in the foundation to the fund type that best meets the unique situation and develop a grantmaking structure that aligns with donor intent.
The Dallas Foundation...
Honors donor intent.
Prioritizes engagement with and serves as a strategic advisor to our donor partners.
Offers a wide range of philanthropic tools and tax-wise solutions to achieve your unique charitable goals.
Is committed to fiduciary excellence.
Educates, activates and collaborates on impactful philanthropic investments.
Moves the needle on Dallas’ most pressing issues.
Is here for good.
