Annual Report - 2001
Component Funds - Community Project Special Purpose Funds

This type of fund is non-permanent and established for a specific project or a community initiative.

Children’s Educational Opportunity Foundation (CEO) Fund – This fund was created to open avenues to alternative education opportunities for youth in need, as determined by established criteria. Students in grades K-12 who are selected through the application process are provided with partial funding to attend local private educational institutions.

George W. Bush Childhood Home Fund – This Fund was established to receive gifts to support the renovation of the childhood home of President George W. Bush, who spent his early years in Midland.

Midland City Parks Restoration Fund – This fund was created to receive gifts from neighborhood associations and interested citizens to help revitalize and restore the city’s neighborhood parks in collaboration with the City of Midland Community Services Department.

Mom’s Cancer Care Assistance Fund – This Fund was created by an anonymous donor to assist cancer patients with the catastrophic costs of treatment and medication expenses.

Performing Arts Center Fund – This Fund has been established to receive gifts toward the creation and construction of a performing arts center to benefit the Permian Basin region.

The Buffalo Trail Council of the Boy Scouts has been offering character-building programs for boys since 1923. A grant from the Foundation assisted with funding for the Learning for Life program, a kindergarten through sixth grade curriculum provided in cooperation with public schools. These young scouts are right on target.

Notes:

§ - The Foundation is pleased to make mention of these funds which were created subsequent to December 31, 2001. Donors to these funds will be reflected in the 2002 Annual Report.

Permian Basin Area Foundation administers a number of other funds, the donors to which have requested anonymity.

Funds of the Foundation are open to additional tax-deductible contributions. We also welcome the opportunity to visit with donors about creating new component funds for charitable purposes.