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CFT January Advisor Connection: Celebrating Professional Advisor Partners, Tax Savvy Tips, and Upcoming Events
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Welcome 2020!
 
As we welcome 2020, we would like to thank you, our professional advisor community, for encouraging charitable giving.
 
We especially celebrate the following advisory firms who helped their clients to grow their personal and family philanthropy by opening CFT funds in 2019:
  • Ryan Blackburn, Matter Family Office
  • Kevin Calandro, The Calandro Group - Merrill Lynch Wealth Management
  • Cathleen Crews, Matter Family Office
  • Allen Dogger, UBS Financial Services
  • Leslie Henson, Huber Prater & Henson, PC
  • Danika Mendrygal, Mendrygal Law, PLLC
  • Kathy Muldoon, CFP, Carter Financial Management
  • Tara Scottino, True North Advisors
  • Debra Brennan Tagg, Brennan Financial Services
  • Christine Wakeman, Winstead PC
  • Dusty Wallace, True North Advisors
  • Ryan Wallace, Hilltop Securities
  • Genevra M. Williams, Mendrygal Law, PLLC
  • Lawrence M. Wolfish, Wolfish & Newman, P.C.

Tax Savvy Use of IRA's

At CFT, we are helping more and more donors be tax-savvy with charitable contributions from their IRAs to establish Designated Funds, Scholarship Funds, and Community Funds to further their philanthropic goals while efficiently using their retirement assets.
The new Setting Every Community Up for Retirement Enhancement (“SECURE”) Act (effective on January 1, 2020) makes several changes to the minimum distribution rules for individual retirement accounts and other retirement assets, changes the age cap for contributing to retirement accounts, and severely limits the use of so-called “stretch-IRAs.” This presents a significant change in estate and financial planning and gives planners the opportunity to speak with clients about their IRA plans and beneficiaries.
“The most important thing to note is that there shouldn’t be a knee jerk reaction to a Roth conversion or CRT solution when considering retirement accounts. Thoughtful consideration is required to determine how any change will best fit with the client’s goals and overall financial plan. For clients that have created a see-through trust to serve as the beneficiary of the IRA, it is important that they reach out to their advisors and estate attorneys as soon as possible to discuss their options. Especially for conduit see-through trusts.” - Dusty Wallace, CFP, JD, Vice President of Financial Planning, True North Advisors
Talk with us to learn more about this important charitable planning strategy for your clients!

Geri Jacobs, ChFC, CLU
Director of Charitable Gift Planning
Phone: 214-750-4255
E-mail: gjacobs@cftexas.org

Upcoming Events:

February 11, 2020 - Board Chair Celebration

Please join us Feb. 11 and bring your clients!
Join us as we toast an important milestone in grantmaking and welcome CFT's newest board chair, Alfreda Norman!

This is a great opportunity to invite your clients to learn more about CFT.
REPLY NOW TO JOIN THE PARTY!

Friday, March 27 & Tuesday, April 21, 2020 -GiveWisely for Advisors Workshops

Our team at CFT understands that it sometimes can be hard to know how to start a conversation with a client about charitable planning. Have you ever wanted some quick tools to help you ask questions about the causes your clients love and how they intend to support the community through their estate plans? To help you inspire the dialogue, please join us for a spring workshop or call us to discuss a custom date for your firm.
 
GiveWisely for Advisors Workshop
Dates: Friday, March 27, 2020 or Tuesday, April 21, 2020
Time: 8:00-9:30am
Location: Communities Foundation of Texas
5500 Caruth Haven Lane, Dallas, TX 75225
Breakfast will be provided
REGISTER TODAY FOR A GIVEWISELY WORKSHOP
*There is no charge to participate in the two sessions offered at CFT

May 12, 2020 - CFT/SMU 2020 Professional Seminar: Washington Update & Planning Considerations for a New Decade

Communities Foundation of Texas invites you to join us for our 2020 CFT/SMU Professional Seminar.


The morning will kick off with noted speaker Jeff Bush for a one-hour presentation of The Washington Update, covering timely insights into Washington, D.C. legislative and fiscal topics.
Following, Jeff's presentation, he'll be joined by Marvin Blum, The Blum Firm, P.C.; Pamela Lucina, Northern Trust; and Jonathan March, Armanino for an engaging 1.5-hour panel discussion with expert advice on how to navigate tax, estate and charitable planning concerns for clients in this important election year.
Date: Tuesday, May 12, 2020
Time: 7:30am Breakfast | 8:00am Welcome | 8:30-11:30am Program
Location: Communities Foundation of Texas
5500 Caruth Haven Lane
Dallas, TX 75225

Registration: $90.00
CE Credits Pending: CFP/CPE/MCLE 2.5-hour credit
REGISTER TODAY FOR THE SEMINAR
Click Here for More Information About Sponsorship Opportunities

Check out a snapshot of what our community of givers like you made possible in 2019!

  • $118 million in total grants made to nonprofits in FY2019 including $52 million granted by our CFT fund holders
  • $50 million raised for 3,000 local nonprofits from 100,000 donors on North Texas Giving Day
  • $1.5 million distributed by CFT to 290 scholarship recipients
  • $10.2 million in grants to 32 nonprofits working in and across public safety, health and education through CFT's Caruth Fund
  • House Bill 3, influenced by CFT's Educate Texas, infused $6.5 billion into Texas schools, making it one of the most important pieces of school financial legislation in decades
  • 12 nonprofits in Collin County participated in the inaugural Collin County Nonprofit Leadership Institute
  • 12,000 hours volunteered through CFT for Business (CFT4B) by our member companies and their employees
  • 70 graduates of CFT's first Emerging Leaders in Philanthropy cohort
  • 20,000 people passed through CFT's doors for convenings and events
If you would like more information about how CFT can help you help your clients or about any of our upcoming advisor events please contact:

Kathryn McGill
Advisor Relations Officer
Phone: 214-750-4145
E-mail: kmcgill@cftexas.org

Jenna-Wade Fowler
Executive Assistant, Relationships
Phone: 214-750-4226
E-mail: jfowler@cftexas.org
Copyright © 2020 Communities Foundation of Texas, All rights reserved.


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