Creating a Fund

Creating a permanent fund at Permian Basin Area Foundation is a simple and flexible means of accomplishing your charitable objectives. Your gift affords the maximum tax deduction, and allows you to make a difference today and always through a lasting legacy for our community.

When to give
You can create your fund now, establish it in your will, or create it through a trust arrangement that benefits your family as well as charitable organizations. You may give in memory of an individual, to celebrate a special event or to support a cause. Tax deductions are earned at the time of your gift, while grants awarded from your fund can continue into the future.

What to give
Several types of assets may be used to start a charitable fund including:

Cash or receivable income
Marketable securities
Retirement accounts
Real estate
Oil and gas interests
Personal property
Life insurance

We can also discuss other options with you, such as bequests or charitable remainder trusts.

Name of your fund
Most of our funds are named for the donor or the donor’s family or as a memorial to someone special. Every grant from the fund will carry this name. If you prefer anonymity, you may choose a name that reflects your fund’s charitable purposes.

Type of fund
We offer an array of funds to meet a variety of different charitable purposes and interests. These are described in the component funds section of our Website.

Why Choose Permian Basin Area Foundation?

We know our community

When you choose to invest in the future of the Permian Basin, you want to work with someone who knows the territory. The broad cross-section of leaders who guide our work lends valuable insight that will help your charitable giving achieve maximum results.

We help you achieve superior tax benefits

Since the IRS considers us a public charity, contributions are eligible for the highest available tax deductions. In most cases, these tax benefits out weigh using your assets to establish your own private foundation.

We make set-up and administration easy

Establishing a fund can be done in less time than it takes to open a bank account. We take care of all the administrative and grant making activities, eliminating the need for you to set a separate institution, formulate policies, file innumerable forms and monitor the status of grant recipients. We save you precious time and money.

We share your interests

We are here to help you become connected to the issues you care about most. Your charitable interests and priorities are important to us because committed, caring citizens are so important to our area’s well being.

We care about the future

By setting up a fund, you have the ideal opportunity to create a legacy for you and for the Permian Basin area.

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Home Page Introduction News Annual Report Leadership Creating A Fund Types of Funds Investments Seeking A Grant Scholarships Professional Advisors Legacy Society Nonprofit Management Center Search this website: Permian Basin Area Foundation 200 N. Loraine, Suite 500 Midland, Texas 79701 phone 432.617.3213 fax 432.617.0151 email Pres/CEO	Creating a Fund Creating a permanent fund at Permian Basin Area Foundation is a simple and flexible means of accomplishing your charitable objectives. Your gift affords the maximum tax deduction, and allows you to make a difference today and always through a lasting legacy for our community. When to give You can create your fund now, establish it in your will, or create it through a trust arrangement that benefits your family as well as charitable organizations. You may give in memory of an individual, to celebrate a special event or to support a cause. Tax deductions are earned at the time of your gift, while grants awarded from your fund can continue into the future. What to give Several types of assets may be used to start a charitable fund including: Cash or receivable income Marketable securities Retirement accounts Real estate Oil and gas interests Personal property Life insurance We can also discuss other options with you, such as bequests or charitable remainder trusts. Name of your fund Most of our funds are named for the donor or the donor’s family or as a memorial to someone special. Every grant from the fund will carry this name. If you prefer anonymity, you may choose a name that reflects your fund’s charitable purposes. Type of fund We offer an array of funds to meet a variety of different charitable purposes and interests. These are described in the component funds section of our Website. Why Choose Permian Basin Area Foundation? We know our community When you choose to invest in the future of the Permian Basin, you want to work with someone who knows the territory. The broad cross-section of leaders who guide our work lends valuable insight that will help your charitable giving achieve maximum results. We help you achieve superior tax benefits Since the IRS considers us a public charity, contributions are eligible for the highest available tax deductions. In most cases, these tax benefits out weigh using your assets to establish your own private foundation. We make set-up and administration easy Establishing a fund can be done in less time than it takes to open a bank account. We take care of all the administrative and grant making activities, eliminating the need for you to set a separate institution, formulate policies, file innumerable forms and monitor the status of grant recipients. We save you precious time and money. We share your interests We are here to help you become connected to the issues you care about most. Your charitable interests and priorities are important to us because committed, caring citizens are so important to our area’s well being. We care about the future By setting up a fund, you have the ideal opportunity to create a legacy for you and for the Permian Basin area. Top of Page