Evensky & Katz Charitable Fund Reaches Donation Milestone
The Evensky & Katz Charity Fund of the Coral Gables Community Foundation has emerged as a major philanthropic player in South Florida at a critical time when many local nonprofits have been pinched by high spending and lean donations.
Fund owner David S. Evensky, a director at Evensky & Katz/Foldes Wealth Management, is chairman of the board of directors of the Friendship Circle of Miami, sits on the board of directors of the American Jewish Committee and is a member of the Society of Mount Sinai Medical Center.
Evensky established the Evensky & Katz Charitable Fund at the Coral Gables Community Foundation in 2006 and it served as the central vehicle for the company’s charitable giving. This fund was the driving force behind the Motivated Youth Program, which teaches young people about philanthropy by having them collect data and then decide how to distribute the grant money to youth-related charities and nonprofits.
“It’s inspiring…helping the community and its youth live up to their philanthropic potential is simply more impactful with the extensive support provided by the Coral Gables Community Foundation,” Evensky said. “We are freed to focus on reaching out to young people and building the model of micro-philanthropy, when we leave the workings of our donor-advised fund to advisors we trust. It has served us well for 16 years.
Several of the company’s partners live by the same principles of generosity and hold leadership positions in nonprofits in the local community, including the Baptist Health Foundation, Coral Gables Art Cinema, Nicklaus Children’s Hospital and Pridelines, among others. Michael Walsh, CFP, is a wealth manager and partner at Evensky & Katz and chair-elect of the Coral Gables Community Foundation.
David Evensky has also established other funds within the Foundation, including the Elio’s Kitchen Charitable Fund (2021) and the Evensky & Katz Charity Classic Golf Tournament Fund (2016). Total fund disbursements topped the $1.2 million mark in April.
“David Evensky’s generous commitment to South Florida – allowing young residents to learn the ropes of philanthropy and experience first-hand the rewards of making a difference – will bring gifts to the community and beyond for generations to come. coming,” said Mary Snow, Coral Gables Community Foundation President and CEO. “David is one of the most visionary fund holders we have ever known, and we are proud to have his trust and manage his charitable donations.”
The Coral Gables Community Foundation operates 90 donor-advised funds for local families and individuals who use the foundation to manage the investment and distribution of their charitable gifts. Donors can request disbursements over time from their fund to their favorite causes and charities, while the foundation provides the tax deduction and handles all administrative and administrative support.
Led by community leaders, the Coral Gables Community Foundation strives to improve the quality of life for those who live, work, learn and play in the city. For more than 30 years, the foundation has been at the forefront of the changing needs of Coral Gables by effectively bringing together grantees and benefactors to fund programs that have the greatest impact and benefit “The City Beautiful.”
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