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Ways to give

Gifts to your community foundation

Gifts to Permian Basin Area Foundation are an investment in our West Texas communities.  It is the Foundation’s intention to make charitable giving easy and enjoyable.

Because decisions about charitable giving are personal, and therefore unique to each donor, the Foundation staff is pleased to work with your professional advisor(s) in customizing a plan that reflects your interests and passions.

Learn more about why donors choose to partner with the Foundation.

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.

WHAT TO GIVE

Cash
SECURITIES, SUCH AS STOCKS AND BONDS
DISTRIBUTIONS FROM RETIREMENT ACCOUNTS SUCH AS IRA CHARITABLE ROLLOVERS
OIL AND GAS MINERAL INTERESTS
LIFE INSURANCE PROCEEDS

A gift to the Foundation, which is tax-deductible to the fullest extent of the law, continues your legacy of charitable giving for years to come.

FLEXIBLE AND NONTRADITIONAL GIFTS

In 2010, Permian Basin Area Foundation formed West Texas Heritage Holdings, Inc. as a supporting organization to help advance the mission of the Foundation. West Texas Heritage Holdings enables the Foundation to receive a wider range of gifts that include noncash and tangible, illiquid gifts including:

Ownership interests in nonmarketable investments
Real estate
Interests in limited partnerships, limited liability companies, or closely held corporations
Remainder beneficiary interests in charitable remainder trusts and other split-interest gifts
Personal property, such as works of art, collectibles, or creative works
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the best way to give

We offer an array of funds to meet a variety of different charitable purposes and interests. Most Foundation funds are named by the donor, the donor’s family, or as a memorial to someone special. Every grant from the fund carries the fund’s name. If you prefer anonymity, you may choose a name that reflects your fund’s charitable purposes.

Giving as a family

Charitable giving is more than a financial decision – it’s a shared value that can span generations. Many West Texans are choosing to involve their children and grandchildren in their philanthropy, fostering a legacy of generosity.

Learn more about multigenerational giving and how to engage your family in philanthropy.

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