Annual Report - 2002
Component Funds - Donor Advised Funds
Donor Advised Funds provide donors with the enjoyment and privilege of recommending grants from the fund they establish, subject to certain legal restrictions and approval by the Foundation’s Board of Governors.
Buddy Anguish Memorial Fund – This fund was established by the friends and family of Buddy Anguish in his memory and in honor of his lifelong commitment to numerous philanthropic causes.
Jake Busbee Memorial Fund – This fund was created by friends of the family of Jake Busbee, who died at birth.
Chris Davidson Memorial Fund – This fund was created by family and friends of Chris Davidson to assist children with disabilities or special needs.
Bob Duke Memorial Fund – This fund was created by friends of Midlander, Bob Duke, an oil and gas business leader. It provides support for general charitable purposes.
Clare Tompson Ellis Memorial Fund – This fund was established by friends and family of Midlander Clare Tompson Ellis as a loving tribute to her life. Clare Ellis was dedicated to improving the quality of life in Midland and the fund provides resources for an array of charitable causes.
Bill Franklin Memorial Fund* - This fund was created by the friends and family of Bill Franklin, Midland banker and civic leader, who died during 2002.
Charles F. Henderson Memorial Fund – Created by Elsie Florence Henderson in memory of her husband, this fund provides income for the purchase of books and materials for libraries and library affiliates.
Hendrix Family Fund – This fund was created by the John Hendrix family to support charitable purposes and programs.
Horton Family Fund – This fund was established by Jay B. and Susan Horton for general charitable purposes.
Frank and Mary Catherine Simpson Ittner Memorial Fund* - This fund was created by family and friends of long-time Midlanders, Frank and Mary Elizabeth Ittner, to support charitable purposes and programs.
Bill Kennedy Memorial Fund – This fund was created by family and friends of Bill Kennedy, a long-time Midland oilman and industry leader.
Lacy Fund – This fund was created by Juandelle Lacy Roberts and the late James W. Lacy to support charitable purposes and programs.
Martin Family Charitable Fund – This fund was created by Karen Martin in memory of her husband, Bill Martin, to support charitable programs.
McLaughlin Families Fund – This fund was created by James and Anne McLaughlin for serving charitable causes of the region’s communities.
Habitat for Humanity of Odessa seeks to make decent, affordable housing financially feasible for families in need. With volunteer labor and community contributions for materials, Habitat builds new homes and works with families in preparing and sustaining them in the responsibilities of home ownership. Says volunteer Bill Jackson, “Habitat is not a give-away program. In addition to repaying the construction costs over a timeframe affordable to the family, prospective homeowners invest their own ‘sweat equity’ into the project.” The Foundation joined with the Junior League of Odessa in providing funds to Habitat for the purchase of construction materials for this recently completed project. The proud owners moved into their new home in April.
Mark Nicholas Fund – This fund was created by Mark Nicholas to support charitable causes, primarily scholarships and faith-based initiatives.
Mrs. Donald O’Shaughnessy Fund – Barbara J. O’Shaughnessy created this fund for general charitable uses and purposes.
Pharr Family Charitable Fund – Richard and Diane Pharr created this fund to serve charitable causes of the region’s communities.
Missy Rasnick Memorial Fund* - This fund was created by the friends and family of Missy Rasnick who died in late 2002.
Jane and Ray Riddle Fund – This fund was created by Jane and Ray Riddle to support charitable purposes and programs.
Rodney M. Robinson Advised Fund – This fund was created by Rodney M. Robinson to support charitable purposes and programs.
Joe G. and Julia R. Roper Memorial Fund – This fund was created for charitable purposes and programs by the family and friends of Julia and Joe Roper, upon their respective deaths.
A.W. and Virginia S. Rutter Fund – This fund was established by A.W. and Virginia S. Rutter to support charitable purposes and programs.
Scott Seator/Midland Rockhounds Memorial Fund – This fund was created by family and friends in memory of Scott Seator, who served as Director of Communication for the Midland Class AA professional baseball team. Grants from this fund are directed to Permian Basin youth activities and programs.
Stoltz Royalty Fund – This fund was created by Deane and Janet Stoltz to support charitable purposes and programs.
Swallow Family Fund – This fund was created by Jack and Julia Swallow to support charitable purposes and programs.
Trinity Fund – This fund was established by an anonymous donor for general charitable purposes.
West Family Fund – This fund was created by the Thomas West family to support charitable purposes and programs.
Johnny and Margaret Williams Advised Fund – This fund was established by retired educators Johnny and Margaret Williams for general charitable purposes.
Vicki J. Wilson Advised Fund – This fund was created by Vicki J. Wilson of Kerrville to support charitable purposes and programs.
*These funds have been established since the publication of the Foundation’s last 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.
Next: Component Funds - Permanent Funds Supporting Agencies
