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

These funds provide the Foundation with the greatest flexibility to meet changing needs across the Permian Basin region. Grant recipients are selected by the Foundation’s Grants Committee and Board of Governors.

Field of interest funds

Designed to support broad areas of interest – such as arts, education, recreation, health, children, or the elderly – these funds allow the Foundation to distribute grants in accordance with the donor’s intent, guided by the Foundation’s Grants Committee and Board of Governors.

Donor advised funds

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

AGENCY funds

Nonprofit organizations can create permanent endowment funds for their own benefit and can use the Foundation’s capabilities to accept complex gifts. The Foundation handles administrative and investment responsibilities, freeing the organization to pursue its mission. Learn more about Agency Funds.

Scholarship funds

Focused on educational opportunity, these 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.