Annual Report - 2003
Component Funds - Field of Interest Funds
Field of Interest Funds support areas of particular interest to the donor such as the arts, education, or the elderly. The actual recipients of grants from these funds are determined by the Foundation’s Grants Committee or an advisory committee in accordance with the donor’s wishes.
Connell Family Fund – This fund was established through an estate gift by John D. and Winifred Connell. Grants from the fund are directed to specific charitable needs in Martin County, at the recommendation of the Martin County Community Fund Advisory Committee.
Jaycees Advised Fund – This fund was created by the Midland Jaycees to improve and maintain Centennial Plaza in downtown Midland and to develop and improve Midland parks and other leisure facilities.
C. Craig Johnson Memorial Fund – This fund was created by friends and family of C. Craig Johnson to develop and support junior golf for the youth of Midland, Texas.
Martin County Community Fund – This fund was created by and for Martin County residents to address general charitable needs for the people of Martin County.
Midland Housing Trust Fund – This fund was created to address the need for safe, clean, and affordable housing for residents of Midland County.
Women Dancing for Women Fund – Resources from this fund are available for distribution to nonprofit organizations that provide services for women in need as a result of illness, abuse or catastrophic circumstances.
Tom and Mildred Wood Fund – This fund was created by friends of Tom and Mildred Wood, long-time Dawson County, Texas, residents. Income from the fund is for youth opportunities and general charitable needs in Dawson County.
Lifetime Martin County citizens and community leaders Bob and Dorothy Deavenport were honored during 2003 by their many friends with the creation of the Bob and Dorothy Deavenport Scholarship Fund. The Fund provides scholarships to students originating from Martin County communities and the surrounding area. “Bob and Dorothy have given so much of themselves over the years in helping people, this is only a small way we can recognize their service,” said Jimmy Stallings, a friend of the Deavenports. Following his retirement in 1998, after 18 years as Martin County Judge, Bob was administrator of the Martin County Community Fund as a full-time volunteer, with Dorothy serving as a teammate, supporter and driving force behind Bob’s many ideas for providing services to those in need. Judge Bob died as this annual report was being produced. We will miss this great man who was such a wonderful example of good citizenship and commitment to community.
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 - Donor Advised Funds
