# Communities Foundation of Texas

Communities Foundation of Texas is an Endowment / Foundation based in Dallas, United States.

## Overview

- **Organization type:** Endowment / Foundation
- **Headquarters:** Dallas, United States
- **Region:** North America
- **Address:** 5500 Caruth Haven Lane, Dallas, TX 75225, United States
- **Founded:** 1953
- **Assets under management:** 1304 (Altss estimate)
- **Website:** cftexas.org
- **LinkedIn:** https://www.linkedin.com/company/communities-foundation-of-texas

## Regulatory record

- **Reports private funds:** No

## About

Communities Foundation of Texas was established in 1953. Wayne White leads the organization as president and chief executive. The foundation functions as a public charity that aggregates donor-advised funds and supporting organizations to support grantmaking in North Texas. The foundation allocates across public markets, private equity at an 8.51 percent target, and direct real estate holdings. Confirmed positions include the W.W. Caruth, Jr. Fund valued at $567 million and a $100 million Housing Impact Fund structured as a joint venture with the Meadows Foundation and Rees-Jones Foundation. Geographic exposure centers on Texas and the broader United States. The portfolio also contains mineral rights in Texas and cryptocurrency positions accepted through The Giving Block. Assets under management total $1.3 billion. The foundation maintains its headquarters in Dallas and operates Educate Texas as a 2004 initiative focused on public education. Wayne White spoke at the CFT Professional Seminar in May 2025 on estate planning and philanthropic strategy. Northern Trust serves as custodian and Cambridge Associates provides investment consulting. The foundation structure separates donor-advised funds from its own grantmaking endowment. Governance includes a board of trustees drawn from Dallas business and civic leaders, with investment decisions informed by external consultants rather than an internal CIO.

## Sectors

- Education
- Healthcare Services

## People

- Wayne White — President and CEO

## Questions

### Who runs investment decisions at Communities Foundation of Texas?

Wayne White serves as president and CEO. External consultants Cambridge Associates advise on asset allocation and manager selection. The board of trustees reviews overall policy.

### Does Communities Foundation of Texas participate in fund commitments or only direct deals?

The foundation holds both fund commitments and direct positions. Private equity exposure targets 9 percent through funds. Direct holdings include real estate in Dallas and Frisco.

### What investment stages does Communities Foundation of Texas target?

The foundation maintains allocations to buyout, distressed debt, and early-stage venture strategies. These exposures sit within the broader private equity sleeve.

### How does Communities Foundation of Texas source proprietary deal flow?

Deal flow arrives through donor relationships and local partnerships. Recent examples include joint ventures with the City of Frisco on Kaleidoscope Park and with The Real Estate Council on housing funds.

## Related profiles

- [Unigrains](https://altss.com/profile/unigrains)
- [Seattle Foundation](https://altss.com/profile/seattle-foundation)

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/communities-foundation-of-texas

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