PBAF works with donors to provide scholarships, address community needs – MRT.com: Faith
The Permian Basin Area Foundation, which celebrated its 25th anniversary last November, has helped distribute more than $60 million in grants and scholarships to the West Texas area through its partnership with more than 15,000 donors since its inception.
McCrary: Permian Basin Area Foundation was established in 1989, as a community foundation to offer donors from all walks of life opportunities to participate in permanent philanthropy for the benefit of communities across West Texas.
McCrary: Permian Basin Area Foundation partners with many donors to create permanent charitable funds and to provide grants to address community needs and scholarships to advance educational opportunities.
McCrary: Permian Basin Area Foundation receives gifts of assets from donors during their lifetimes and as planned gifts such as bequests or charitable trusts.
McCrary: Because our donors come from all over West Texas and have such diverse interests, Permian Basin Area Foundation serves to support all types of charitable purposes that are important to those donors. Permian Basin Area Foundation also administers a number of endowments, the grants from which are designated for specific nonprofit organizations.
McCrary: Permian Basin Area Foundation is not a private foundation formed with wealth of a particular family, but a public foundation supported by many families who may have very specific passions or whose interests may span the spectrum of worthy causes.
McCrary: Permian Basin Area Foundation plans to continue to grow our asset base, capitalizing on the generosity of West Texas and by prudent investments, and to continue to add to the capacity and quality of life in the communities we serve.
McCrary: Permian Basin Area Foundation is structured to respond quickly in working with donors to achieve their charitable goals and to receive non-financial or alternative assets as gifts.
McCrary: Permian Basin Area Foundation welcomes the opportunity to work with generous donors and their professional advisers to facilitate gifts or in planned giving. The foundation wishes to sustain the vitality of West Texas communities through grants to nonprofit organizations and scholarships to area students enriching the quality of life for the generations that follow.
