The Heart of Neiman Marcus Foundation Fund at CFT provides grants to nonprofit organizations that help train burgeoning young visual and performing artists and is one of the many ways businesses like Neiman Marcus work with CFT to give back.
“Neiman Marcus has a rich history of investing in the community and arts education, because we believe art changes lives,” said Karen Katz, President and CEO of the Neiman Marcus Group. “Working with Communities Foundation of Texas makes it easy for us to target our social investments toward organizations that provide the type of enriching arts education that truly makes a difference in the lives of children and young adults.”
Business-advised funds offer a unique service to companies, and Neiman Marcus fully utilizes CFT’s expertise through five separate funds they hold at the foundation. CFT supports the business’s goals with a full spectrum of services, including grantmaking, due diligence, site visits and community updates.
“Working with CFT is a great way for a company like ours to streamline our grants processing and know that we’re selecting the right nonprofits,” says Ginger Reeder, VP of corporate communications at Neiman Marcus. “Since 2008, CFT has enhanced the experience and impact of our corporate giving, and we are eager to see the impact we will make in the years to come.”