Annual Report - 2005
Permian Basin Legacy Society

The Permian Basin Legacy Society is composed of Foundation supporters who have declared their intention to convey a charitable gift of any size to Permian Basin Area Foundation as part of their will, estate plan, or other means of planned gift conveyance. The Society was started in 2006 to recognize today’s generous citizens, who, like many who came before them, will leave a charitable legacy for the benefit of tomorrow’s generations.

While personal and family obligations should always come first, a planned gift to the Foundation is a simple way to create an enduring legacy.

A planned gift is one in which the donor has made provisions in their will or estate plan to convey assets to a charitable fund and create a lasting legacy of charity that will serve their chosen charitable cause in perpetuity. The simplest form of planned gift is a bequest of cash directed by a donor’s will to a charitable fund of the Foundation. In addition to cash or receivable income, a donor may wish to leave a bequest of alternative assets such as:

• Appreciated stocks or bond securities
• Retirement accounts
• Real estate and oil and gas interests
• Life insurance

The Foundation is equipped to respond to the needs of donors and prepared to work directly with professional advisors of those wishing to use a charitable trust vehicle to extend philanthropic goals.

The following supporters of the Foundation are members of the Permian Basin Legacy Society as of the printing of this report:

Before no child left behind became a political theme, Blanche Plunkett lived this principle as she shepherded thousands of students through the challenges of school work. After teaching in the Kilgore area for many years, in 1952, she moved to Midland where she taught elementary school and served as a school librarian for more than 30 years. With her health declining, her family established a scholarship fund with the Foundation in Blanche’s honor. Her delight in meeting the first students who received awards from the Blanche Plunkett Scholarship Fund was an inspiration. Mrs. Plunkett died in July of 2005, at the age of 91.