The New Braunfels Area Community Foundation began in 2009 when a group of civic-minded individuals saw the need to create a local community foundation that offers individuals, businesses and families a professional and efficient way to match philanthropic efforts with the needs of the New Braunfels area.
Three of those individuals, Cecil Eager, Marian Benson and Doug Toney, were part of a strategic planning committee at a Greater New Braunfels Chamber of Commerce Board retreat in which the creation of a local community foundation was first discussed.
After the retreat, those three approached the chamber’s board of directors to suggest that the creation of the New Braunfels Area Community Foundation become an effort separate from the chamber. Chamber board members agreed.
Eager, Benson and Toney asked Roger Tuttle and David Pfeuffer to join the board. Those five became the founding board members of the NBACF.
The Foundation has since invited several others to join the board including: Mary Jane Nalley, Mike Ybarra, Jeff Albrecht, Kathleen Finck, Pat Wiggins, Carter Casteel, Brian Cox, Brenda Chapman and Amanda Anding.
Community Foundations provide a tax-wise way to give. While a donor-advised fund with a community foundation closely resembles a private foundation, donors enjoy maximum tax advantages for income, gift and estate purposes. A donor-advised fund can be either limited or endowed.
All of this can be done at the fraction of a cost of a private foundation operating separately and relieves the donor/philanthropist from managing the investment.
Contact the New Braunfels Area Community Foundation at 830-606-9536.