Permian Basin Area Foundation

Types of Funds

It is the Foundation’s goal to make charitable giving easy and rewarding. Assets can be conveyed during the lifetime of the donor or by a planned gift beyond the donor’s lifetime. A gift to the Foundation continues a person’s legacy of charitable giving for years to come. The Foundation offers many different types of funds to satisfy a donor’s charitable wishes.

Undesignated Funds offer the Foundation the greatest flexibility in meeting changing needs in the Permian Basin region. Recipients of grants are determined by the Foundation’s Grants Committee and Board of Governors.

Field of Interest Funds support broad areas of interest to the donor, for example, arts, education, recreation, health, children or the elderly. Grants are made in accordance with donors’ guidance by the Foundation’s Grants Committee and Board of Governors.

Donor Advised Funds provide donors with the enjoyment and privilege of recommending grants from the funds they established, subject to certain legal restrictions.

Designated Funds benefit specific nonprofit organizations as recommended by donors. Learn more about Agency Funds.

Scholarship Funds provide students with opportunities to further their education or training. Donors may identify general selection criteria, while the Foundation’s objective selection methods determine students to be awarded scholarships.