PROFESSIONAL ADVISOR RESOURCES
The North Texas Community Foundation is always available to answer questions and meet with you personally to tell you more about our customized charitable solutions. We also offer many resources that may be helpful to you and your clients.
Resources for You and Your Clients
The North Texas Community Foundation is pleased to provide GiftLaw Pro, a complete tax update service for our professional advisor friends.
1/17/19 “Giving Strategies for Cash and Noncash Assets” by Lisa H. Jamieson, Phillip W. McCrury, Charles B. Milliken
11/30/18 “Family Philanthropy: Planting the Seeds for Success” by Rose Bradshaw, North Texas Community Foundation
5/15/18 – “Charitable Giving After the 2017 Tax Act: A Contrarian’s Point of View” by Ramsay Slugg of U.S. Trust
5/11/18 – “DAFs vs. Private Foundations: How the Wealthy Engage in Philanthropy” by Harvey Bezozi, CFP and CPA
1/03/18 – “The Tax Cuts and Job Acts of 2017 – Part IV” by J. Michael Waters, Dismuke & Waters, PC
12/29/17 – “The Tax Cuts and Job Acts of 2017 – Part III” by Bill Dismuke, Dismuke & Waters, PC
12/28/17 – “The Tax Cuts and Job Acts of 2017 – Part II” by Bill Dismuke, Dismuke & Waters, PC
12/27/17 – “The Tax Cuts and Job Acts of 2017 – Part I” by Bill Dismuke, Dismuke & Waters, PC
11/27/17 – “Your Choice: Taxes or Charity” by Cindy Hanes, NTxCF, and Larry Autrey, Whitley Penn
10/27/17 – “Crafting & Refining DAFs and Charitable Gift Agreements” by Megan Sanders, J.D. Bourland, Wall & Wenzel
10/18/17 – “Charitable Trends, Sins and Ethical Conundrums” by Bryan Clontz
Who We Are and How We Can Help
Donor Advised Fund
Recommend annual grants for the causes you care about most without the expense and administrative
burden of running a private foundation. If desired, design a family grantmaking plan that includes the next
Provide a source of income to meet the future needs of designated charities.
Field of Interest Fund
Ensure support for a special area of interest (e.g. children, animals, poverty) and the flexibility to fund a
variety of high-performing organizations.
Named Fund for the Common Good
Help the Community Foundation and future generations address the most pressing needs of our
changing community. These funds empower the Community Foundation to respond to special needs and
emergencies, that require flexible funding. The name of your fund is recognized when grants are awarded
from the fund.
Nonprofit Agency Fund
The Community Foundation invests the assets, provides accounting and record keeping, liability protection,
and assistance with complex gifts.
You may establish any of the above funds as a “memorial fund” to honor a loved one. All funds may be endowed,
creating a permanent source of support for the causes you care about most.
What to Give
Receive a tax deduction in the year of the donation.
Publicly Traded Securities & Mutual Funds
Receive a deduction for the full fair market value and avoid paying tax on your capital gain if held for over
Charitable Gift from Your IRA
For those over 70½, donate up to $100,000 annually to a designated fund and avoid income tax and
inclusion in adjusted gross income.
Maximize value by avoiding income and estate taxes and receive an estate tax deduction.
Closely Held Business Interests (e.g., sole proprietorship, LLCs, partnership interests)
Receive a deduction for the appraised fair market value and avoid paying tax on your capital gain
(provided the gift is made prior to executing a binding sale agreement). The Community Foundation has a
due diligence process for such gifts that we will review with interested donors.
Receive a deduction for the appraised market value and avoid paying tax on your capital gain if held for
over 12 months.
Oil & Gas and Mineral Rights
Receive a charitable deduction based on the appraised fair market value, not the cost basis of obtaining
Receive a current income tax deduction upon transfer of an existing policy to the Community Foundation
or purchase of a new policy in the Community Foundation’s name. If premiums are due, receive additional
tax deductions each year for contributions to the Community Foundation in the amount of the premium,
or simply make the Community Foundation the beneficiary.