Established in 1929, the Dallas Foundation was the first community foundation in Texas. Now the foundation is celebrating a huge milestone, crossing the $1 billion mark in giving to Dallas-area nonprofit organizations.
“Many of the grant investments that contributed to this $1 billion milestone are visible across Dallas’ landscape, while others can be seen in the upward trajectory of test scores for third graders across Dallas ISD, and inside hospitals, food banks and homeless shelters,” said Matthew Randazzo, President and CEO of The Dallas Foundation. “Although the impact to date has been significant, we are truly just getting started.”
Randazzo points out that over the last five years, more than $350 million has been given.
"We've had a pretty strong economy...that has put Dallas contributors in a place to be more generous," Randazzo reflected. "But I think more than that, the pandemic really highlighted some of the inequity and challenges that folks in our community face.
"So what we saw was an uptick in giving in 2020 that has just continued since then."
The Foundation has served as a philanthropic partner and facilitated the charitable donations that supported a host of well-known projects and initiatives like: the design, structural engineering support, and project management of the Margaret Hunt Hill Bridge, Booker T. Washington High School for the Visual and Performing Arts, Letot Girls Residential Treatment Center, the Katy Trail and the Dallas Police Memorial.
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