Catholic Charities of Odessa Establishes Endowment with PBAF

ODESSA, Texas – Permian Basin Area Foundation is delighted to announce the Catholic Charities of Odessa Endowment. The fund was created by the organization to help sustain their ongoing mission in Ector County. According to the Catholic Charities’ website, the agency, “provides immediate assistance and educates to empower for long-term self-sufficiency. We strive to assist families facing hardship by supporting with food, funds, advocacy, and educational training.” “The blessing that was bestowed upon Catholic Charities will allow our agency to continuously fulfill God's request to serve His people. Father Lawrence B. Kaiser, who is a significant contributor to the fund, has allowed us to create a source of long-term sustainability,” commented Valerie Longoria Bueno, Executive Director. Permian Basin Area Foundation administers nearly seventy permanent endowments for nonprofits across West Texas. Organizations that establish endowments with the Foundation enjoy a host of benefits including guardianship to preserve assets for sustaining organizational purposes, disciplined investment policies with focus on long-term growth, capacity to receive alternative non-cash gifts, and routine access to distributions – even during depressed market conditions. To learn more about philanthropic services available by partnering with Permian Basin Area Foundation, visit www.pbaf.org.
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2015 grants and scholarships projected to total $10 million

Permian Basin Area Foundation announces competitive grants of $1,178,000. Permian Basin Area Foundation announced $1,178,000 in competitive grant awards to regional nonprofit organizations during a news conference held today at the University of Texas of the Permian Basin. “Area nonprofit organizations play a significant role in community life here in West Texas,” said Susan Barron, a member of the Foundation’s Grants Committee. “They are indispensable. Their collective good works are far-reaching as they impact in a positive way the quality of life of our West Texas neighbors. “On behalf of those you serve, thank you to area nonprofits—your staff, Board members, volunteers, and donors—for your dedication and passion.” Barron introduced Grants Committee members Patty Herd, Sandy Louder, and Andrew Semer who presented grant awards to 34 area nonprofit organizations:
  • American Red Cross, Permian Basin Area Chapter
  • Aphasia Center of West Texas
  • Arts Council of Midland
  • Basin PBS
  • Big Bend Conservancy
  • Catholic Charities Community Services of Odessa
  • Christmas in Action, Midland
  • Christmas in Action, Odessa
  • Communities In Schools of the Permian Basin
  • Dawson Medical Foundation, Lamesa
  • Fellowship of Christian Athletes
  • Gladney Center for Adoption
  • Lamesa Boys & Girls Club
  • Leadership Big Bend
  • Marfa Education Foundation
  • Midland Community Development Corporation
  • Midland Community Theatre
  • Midland County Public Library Foundation
  • Midland Habitat for Humanity
  • Midland ISD Education Foundation
  • Midland Need to Read
  • Midland-Odessa Symphony & Chorale
  • Muscular Dystrophy Association of West Texas
  • New Horizons Ranch and Center
  • Odessa Family YMCA
  • Permian Basin Community Centers for MHMR
  • Permian Basin Rehabilitation Center
  • Presbyterian Children's Homes & Services
  • Polo School of Midland
  • Regional Adult Protective Services Advisory Board
  • Special Olympics Texas/Permian Basin
  • Sunshine House
  • UTPB:  First 5 Permian Basin
  • West Texas Gifts of Hope
“I want to thank the many donors who choose to partner with Permian Basin Area Foundation,” said Guy McCrary, Foundation president and CEO. “Since the Foundation was established in 1989, these partnerships with donors have culminated in assets of $120 million.” “But what is more exciting,” explained McCrary, “is the impact of the Foundation and its donors in West Texas communities: grants, scholarships, and distributions are projected to exceed $10 million in 2015. Since 1989, the Foundation grants and scholarships total approximately $70 million.” Semi-annually, Permian Basin Area Foundation announces competitive grant awards following review of applications submitted in the spring and fall. Spring grant pre-applications are due in the Foundation’s offices on or before April 1, 2016. Application information is available at www.pbaf.org.  
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Continuing a Legacy of Community Giving

Since 1989, Permian Basin Area Foundation has served as this region’s community foundation. Promoting a philosophy of “giving where you live,” the Foundation partners with generous donors to leave a lasting impact in communities throughout a multi-county region of West Texas.