Annual Report - 2004
Component Funds - Permanent Funds Supporting Agencies
These funds were established to benefit specific nonprofit organizations either by donors or by the agencies themselves.
Abell-Hanger/Permian Basin Area Foundation Administrative Fund – As part of a matching grant initiative created by the Abell-Hanger Foundation, this fund came into existence to provide permanent administrative support for Permian Basin Area Foundation.
Arts Assembly of Midland Endowment Fund* – This endowment supports the initiatives of the Arts Assembly to develop and enrich arts and culture opportunities for Midland’s citizens and visitors. Among its programs is the annual Celebration of the Arts.
Edna May Elkin Corey was born in Big Spring in 1917. Early in Edna May’s life, her father, Z. Terry Elkin, moved his family to Midland where he co-founded the M-System Grocery. Among his many other activities, he was a cowboy, rancher, prairie dog exterminator, and a civic leader. Mr. Elkin was a founder of Midland National Bank and the community’s first college, Midland Christian College. The Elkin home was located in what is now downtown Midland where he and his wife raised two sons and two daughters.
Edna May attended Midland public schools and Texas Women’s University and in 1944, she married George Corey upon his return from military service. Soon thereafter, George began work for Shell Oil Company and in 1948, their son, John, was born.
According to John Corey, his mother was a “stealth” giver who quietly supported many charitable causes, often as the first money to support a need, not waiting for others to act. Her giving was influenced by her pioneering parents, the Great Depression, the Methodist Church, and World War II. As part of Mrs.’ Corey’s estate plan, she made a testamentary charitable gift to Permian Basin Area Foundation. Upon her death in 2000, this gift created the Edna May Corey Fund, an unrestricted fund to support broad charitable needs within the region she called home for so many years.
Big Brothers/Big Sisters of Midland Endowment Fund – Income from this fund provides program support benefiting children from single-parent and no-parent homes.
Buffalo Trail Council Endowment Fund – Youth development programs offered by the Boy Scouts to the West Texas region receive assistance from this fund.
Bynum School Endowment Fund – Bynum School programs and services are supplemented by this fund. Bynum offers educational and vocational programs for children with learning and developmental disabilities.
Camp Fire USA West Texas Council Endowment Fund – Resources for operations and programs offered by Camp Fire to regional youth are provided by this fund.
Centers for Children & Families Endowment Fund – This fund supports the programs provided by the Centers for Children & Families. Centers’ programming includes counseling, educational and family support services.
Christmas in Action Endowment Fund – Income from this fund is utilized to provide home repairs for low-income, elderly and disabled homeowners.
City of Midland Aquatics Endowment Fund – Established to support aquatics and fitness programs for individuals of all ages, this fund additionally provides for the capital maintenance and improvement of COM aquatics facilities.
Clinic for the Community Children’s Ministry Endowment Fund – The Community Children’s Clinic receives support from this fund which sustains the provision of health care services for local children in need.
Jeanne Doerr Fund for Santa Rita School - Created by family and friends in memory of Jeanne Doerr, an active volunteer at Santa Rita Elementary School, this fund supports instructional and program related purposes at the school.
Ector County Independent School District Foundation Fund - Resources from this fund provide for enhancements to education services and programs for Odessa schools.
Ellen Noël Art Museum of the Permian Basin Permanent Fund – This fund supports the Ellen Noël Art Museum, which offers opportunities for education and the appreciation of the visual arts. It is a partner in the Odessa Endowment for the Arts & History.
Episcopal School Fund - The intent of this fund is to support Trinity School of Midland and St. John’s Episcopal School in Odessa.
Royce Everett Memorial Fund for Special Olympics – Family and friends of Odessa native Royce Everett established this memorial fund to support the senior Special Olympics games in which Royce participated for over 26 years.
Friends of the Crockett County Library Endowment Fund – Established by supporters of the Crockett County Library in Ozona, endowment resources are utilized to sustain the library’s general operations and maintenance.
Globe of the Great Southwest Permanent Fund – The Globe of the Great Southwest receives support from this fund which ensures the continuation of the organization providing theatre arts entertainment and education programs. It is a partner in the Odessa Endowment for the Arts & History.
Harmony Home Children’s Advocacy Center Endowment Fund – Income from this fund aids in providing services of support and advocacy to children who are victims of physical and sexual abuse.
Permian Basin Girl Scout Council Pamela Catherine “Rebel” Haas Memorial Camp Scholarship Fund – Created by Catherine Kellner in memory of her daughter, this fund helps to provide scholarships for the Girls Scouts Camp Mitre Peak riding program.
Heritage of Odessa Founders Permanent Fund – The work of preserving historical assets for the Odessa community is supported by this fund. It is a partner in the Odessa Endowment for the Arts & History.
High Sky Emmauus Community Endowment Fund* – Resources from this fund sustain evangelistic church leadership development and renewal through the Walk To Emmaus program.
Hillcrest School Endowment – Hillcrest School established this fund to provide resources for its education programs benefiting students with dyslexia and attention-deficit disorder.
Mary Wynn Hinkle/Casa de Amigos Fund – Family and friends of Mary Wynn Hinkle, longtime Executive Director of Casa de Amigos, created this memorial fund to support the programs and efforts of Casa in serving the citizens of south and east Midland.
Junior League of Midland Building Endowment Fund – Resources from this fund support the maintenance and operations of the Junior League headquarters facilities.
Junior League of Odessa Endowment Fund – This fund was established to support the ongoing community service programs of the Junior League of Odessa.
Linebery Endowment for Baptist Memorials Ministries - Created with assets from the dissolution of the Scarborough-Linebery Foundation, this fund supports the San Angelo-based Baptist Memorials Ministries.
Permian Basin children suffering from orthopedic and neurological impairments and diseases often find that their view of life can change dramatically after receiving treatment from the Midland Children’s Rehabilitation Center. By incorporating extraordinary and pioneering forms of therapy into standard rehabilitation regimens, the Center allows these unique children to achieve a higher level of mastery over their disabilities, thus experiencing a freer and increasingly positive quality of life. Throughout the past 24 years, Midland Children’s Rehabilitation Center has improved the lives of countless children through hippotherapy, a distinctive form of therapy conducted on horseback and proven to facilitate improved posture, balance and walking abilities. This program will continue to benefit children undergoing rehabilitation thanks to a grant made to the Center from the Foundation’s unrestricted funds.
Martin County Convent Endowment Fund – Restoration and maintenance of the historic structure and grounds of the Martin County Convent in Stanton is sustained by income from this fund.
Midland Montessori School Endowment Fund*– This endowment was established for the benefit of Montessori School with a challenge grant from the Scarborough-Linebery Fund. Midland Montessori offers education opportunities employing teaching methods developed by Dr. Maria Montessori.
Midland/Odessa District of the National Kidney Foundation of West Texas Endowment Fund – Income from this fund supports programs and services for Permian Basin residents suffering from kidney disorders and disease.
Midland/Odessa Symphony & Chorale Endowment Fund – The Symphony’s role of serving West Texas in an educational and entertainment capacity through symphonic, chamber, and chorale music is supported by this fund.
Midland Rape Crisis Center Endowment Fund – Victims of sexual assault and their loved ones receive services of support and advocacy through the resources of this fund.
In 1953, he formed an oil and gas exploration partnership with Fred Chambers, another west Texas emigrant responding to the lure of the oil industry. Over the next 27 years, C&K Petroleum became one of the region’s most active and successful oil and gas independents. After selling C&K in 1980, Bill continued his passion for exploration through private investment.
Bill married Mary Blanton from Oklahoma and together they raised a daughter – Morgan and three sons – Duncan, Patrick, and Fred. While living in Midland, the Kennedy family has played a part in supporting St. Ann’s Catholic Church, as well as numerous organizations dedicated to the arts, human service needs, and other worthwhile causes. At his death in 2002, the Kennedy family and friends created the Bill Kennedy Memorial Fund to continue his legacy of giving to community needs.
Neighbors Against Burglary and Drugs Permanent Fund* – Income from this fund supports public education in an effort to reduce the growing number of problems facing the neighborhood communities in Midland.
Nonprofit Management Center of the Permian Basin Fund – Administrative costs are partially offset by resources from this fund for the Nonprofit Management Center of the Permian Basin, a program of Permian Basin Area Foundation aiding in strengthening nonprofits across the region.
Odessa Christian School Endowment - The assets from dissolution of the Scarborough-Linebery Foundation enabled the creation of this fund, which supports the mission of Odessa Christian School.
Palmer Drug Abuse Endowment Fund - PDAP is supported by this fund in its mission of helping people heal from the effects of mind altering chemicals.
Parker House Ranching Museum Permanent Fund – This fund supports the Parker House Ranching Museum, which promotes historical education and the appreciation and conservation of historical structures and artifacts. It is a partner in the Odessa Endowment for the Arts & History.
Permian Basin Area Foundation Administrative Endowment – Administrative costs of the Foundation are partially offset by this fund.
Permian Basin Girl Scout Council Endowment Fund – The Council utilizes income from this fund to supplement operations and programs supporting Girl Scouting.
Permian Historical Society Permanent Fund – By supporting the Permian Historical Society, this fund sustains the preservation of history and historical resources for the Odessa community and Permian Basin region. It is a partner in the Odessa Endowment for the Arts & History.
Permian Playhouse of Odessa Permanent Fund – The Permian Playhouse, which provides theatre arts entertainment and educational programs, benefits from this fund. It is a partner in the Odessa Endowment for the Arts & History.
Presidential Museum Permanent Fund – Income from this fund supports the Presidential Museum, located in Odessa, which promotes historical education and the appreciation of the office of the Presidency of the United States. It is a partner in the Odessa Endowment for the Arts & History.
Betsy Puckett Fund for Bynum School – A recipient of services from the Bynum School Vocational Program, Betsy Puckett created this fund before her death to support the school by the distribution of its income.
Nancy Vann Rea Midland Introspective Fund – The United Way of Midland in conjunction with the late Nancy Vann Rea, longtime Midland community volunteer, established this fund to support programs and projects identified through periodic human needs assessment.
Recording Library for the Blind and Physically Handicapped, Inc. Endowment Fund – Cassette books, playback equipment, and other services to the visually impaired are provided in part by this fund.
Safe Place of the Permian Basin Endowment Fund – Female and child victims of family violence receive valuable services as a result of this fund.
Scarborough-Linebery Home Endowment - Created with assets from the dissolution of the Scarborough-Linebery Foundation, this fund supports the maintenance and operations of the Scarborough-Linebery Home in Midland.
John Seay Memorial Scholarship Fund for COM Aquatics - Together Continental Land & Fur Company, Inc., the Ken W. Davis Foundation, and the family of John Seay established this fund in memory of Mr. Seay, a longtime supporter of COM Aquatics, and in whose honor scholarship funds for aquatics programs are provided for low-income families.
United Way/Jack Steele Fund – Established in memory of longtime United Way volunteer Jack Steele, this fund aids in offsetting the administrative costs of the United Way of Midland, enabling its program providers to receive increased support from contributions raised through the annual campaign.
Teen Challenge of the Permian Basin Endowment Fund – Teen Challenge of the Permian Basin receives support from this fund in order to continue providing programs for people with life-controlling problems so that they may improve their lives through the teaching of Biblical principles.
United Way of Midland Permanent Fund – The United Way of Midland created this fund to provide a vehicle through which donors may make perpetual gifts in support of agencies served under the United Way umbrella.
United Way of Odessa - Administrative costs of the United Way of Odessa are partially offset by this fund.
West Texas Food Bank Endowment Fund – As a result of income from this fund, the West Texas Food Bank provides services to collect and redistribute wholesome food to agencies feeding the needy, ill, elderly, or very young.
White-Pool House Friends Permanent Fund – The White-Pool House Friends organization, which promotes the preservation of the White-Pool House and other historically important treasures located in Odessa, is supported by this fund. It is a partner in the Odessa Endowment for the Arts & History.
*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 - Special Community Funds
