The power of endowment remains evident in through the Ella C. McFadden Endowment Fund
A philanthropist at heart, Mrs. Ella C. McFadden chose to leave the remains of her estate to form an endowment to benefit nonprofit agencies across Tarrant County, for many years to come.
Established in 1985 with an initial gift of $12.6 million, the Ella C. McFadden Endowment Fund at North Texas Community Foundation has granted over $33 million to 13 local nonprofits in Tarrant County. Today, the Fund is valued at $40 million.
Almost sixty years after her passing, Mrs. McFadden’s gift continues to impact the work of local nonprofits that she gave to throughout her lifetime. Each year, a pre-established percentage is distributed to the permanently selected charities. The remaining funds continue to be invested, ensuring that the fund will never be depleted.
Her generous gift has left an impression the Child Study Center over the years. According to Cook Children’s Martha Mattox, “we are so thankful for the lasting impact of Ella’s gift on our patients and students at Child Study Center.”
The 13 nonprofit agencies benefiting from the Ella C. McFadden Endowment Fund are: