Established by donors who wish to be actively involved in their philanthropy. Some donors set up advised funds and engage family members as their fund’s advisors. Donor advisors have the right to recommend gifts to 501(c)(3) organizations from the fund as often as they like. Minimum establishing gift is $10,000.
Establishing a supporting organization at The Dallas Foundation allows the donor to structure their giving with many of the advantages of a private foundation, but without the administrative burdens. Gifts to a supporting organization of The Dallas Foundation are fully deductible at fair market value, including publicly traded or closely held stock.
By investing in The Dallas Foundation Community Impact Fund, you join other forward-thinking individuals who know that an endowment dedicated in perpetuity to our community’s well-being benefits everyone now and for generations to come. Named endowment funds may also be created to support the Community Impact Fund in perpetuity.
Field of Interest Funds are endowed funds that can be customized to align with a donor’s interest in a specific cause. They are then entrusted to the Foundation to award grants that both meet the purpose of the fund and make an impact in our community. Field of Interest Funds may cover a range of issues such as critical needs, health and human services, the arts or animal welfare.
Endowed scholarship funds provide an opportunity to invest in our community’s future and can be established by an individual, a corporation or a group of people, such as a civic club or trade association. These funds can supply financial support for students at any level of education. The Dallas Foundation offers a range of services including designing the scholarship criteria, managing the application process, and supporting scholarship advisory committees.
Supporting Impact-oriented Donors
The Reis Bisor Foundation
“The Dallas Foundation staff has been with us every step of the way, sharing their knowledge of the community and the issues we care about while creating a smooth process for us to move forward with our philanthropy.”
-Jim Reis and Bobby Bisor
Establishing a fund at The Dallas Foundation versus a Private Foundation
Flexibility, simplicity and a reduction of stress are a few of the reasons a donor advised fund at The Dallas Foundation is advantageous over managing a private foundation. Not only can our staff take over the administration of the fund, they can guide you on the strategy and structure of your fund to match your philanthropic goals. Read more about the benefits of choosing The Dallas Foundation instead of establishing a private foundation.