About Permian Basin Area Foundation
Our Community. Your Foundation.
In 1989, West Texas leaders envisioned a public foundation that would sustain the valuable spirit of philanthropy in our local communities for years to come. With a charitable investment of $400,000, Permian Basin Area Foundation was established. Its mission: To partner with donors in creating permanent charitable funds to enrich the quality of life in West Texas communities. Learn what makes a community foundation unique.
The Foundation seeks to meet charitable needs in West Texas by providing a flexible vehicle for donors with varied philanthropic desires.
The charitable impact of the Foundation in the Permian Basin has been profound. Thanks to the prudent stewardship of donors’ gifts, Permian Basin Area Foundation has grown permanent assets to an estimated $331 million through 2024. Since its inception, the Foundation has returned more than $184 million to West Texas communities through grants and scholarships.
Our
Leadership
Our board and staff are committed to serving West Texas with integrity and purpose.
Service areas
The Permian Basin Area Foundation proudly serves over 20 counties across West Texas, supporting local needs through both regional and county-specific endowments.
Financial information
We’re committed to transparency in all we do. Review our financial statements and disclosures.
Careers
Permian Basin Area Foundation welcomes those who share our passion for strengthening West Texas communities.
Maximizing the Impact of Charitable Gifts
Among the Foundation’s fiduciary responsibilities to donors, none is more important than the prudent investment of assets. The Foundation’s Investment Committee is comprised of astute financial managers, leaders from the Board of Governors, and the business community-at-large. Included in the committee’s responsibilities are the important tasks of setting investment policy and overseeing the performance of the investment managers, which is reviewed quarterly.
Financial Stewardship
