Annual Report - 2002
Component Funds - Unrestricted Funds
Unrestricted Funds provide the Foundation’s Board with the greatest flexibility in meeting urgent and changing needs in the Permian Basin area.
Permian Basin Endowment Fund – This fund receives gifts of different sizes from many different donors to meet the general charitable needs of the Permian Basin area.
Richard S. Anderson Memorial Fund – This fund was created by Mary N. Anderson in honor and memory of her husband, Richard S. “Dick” Anderson. Mr. Anderson was a long-time Midland business and civic leader.
Hy and Elizabeth Davidson Memorial Fund – This fund has been created by Susan Davidson McClenahan and Steve Davidson in honor of their parents, Hy and Elizabeth Davidson, who were active in civic and charitable activities throughout their lives. The fund is designated to address social, educational and cultural needs.
Lacy Permanent Fund – This fund was established by Juandelle Lacy Roberts and the late James W. Lacy.
Amy Gardner was a young woman with many talents and passions. At Andrews High School, where she graduated with honors, Amy was a member of the National Honor Society and Future Teachers of America and played varsity tennis. She excelled as a member of the Mustang Band, earning a percussionist chair on the All State Band for three consecutive years. She also loved playing piano in the Jazz Band, and won the Louis Armstrong Award for her musicianship. In 2002, during her freshman year at UTPB, Amy died in an automobile accident. Amy’s family established the Amy Gardner Memorial “Louis Armstrong” Scholarship Fund so that other Andrews High band students could pursue higher education. We are pleased to be a part of honoring this gifted young woman in this way.
M. Elizabeth Locker Memorial Fund – This fund was established by M. Elizabeth Locker who quietly supported many Permian Basin area causes. She was a past chairman of the Foundation’s Board of Governors.
Rachel Lyman Memorial Fund – This fund was created as an endowment for general charitable purposes through an estate gift by Mrs. Rachel Lyman.
Joe and Beverly Pevehouse Fund – This fund was established by friends and family of Joe and Beverly Pevehouse. Mr. Pevehouse, now deceased, and Mrs. Pevehouse both served as members of the Board of Governors of the Foundation in addition to serving many other community roles.
Jack D. and Margery S. Riggs Fund – This Fund was created with resources from a planned estate gift from Jack and Margery Riggs, longtime Midlanders and community volunteers.
Clarence and Dorothy Scharbauer Fund – This fund, established by Clarence, Jr. and Dorothy Turner Scharbauer, is for general charitable purposes. Mr. and Mrs. Scharbauer were raised in families with deep roots in the Permian Basin and support a broad array of charitable causes.
Deane H. and Janet Stoltz Fund – This fund was established by Deane H. and Janet Stoltz. Mr. Stoltz was chairman of the charter Board of Governors of Permian Basin Area Foundation.
Allen K. Trobaugh Memorial Fund – This fund was established by the United Way of Midland Board of Directors and friends of Allen K. “Moose” Trobaugh, a long-time Midland civic leader and philanthropist.
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 - Field of Interest Funds
