Although funds are usually pooled for investment purposes, each retains its separate identity for financial accountability and grantmaking purposes. Such a community foundation enjoys economies of scale, offering the affluent and modest donor alike the professional administration of a major institution. History and Mission Created in 1981, the Lubbock Area Foundation is the community foundation for the South Plains area. Its primary purpose is to attract and build permanent endowments that benefit this region. The Foundation works to enhance philanthropy and strengthen the sense of community in the Lubbock area.
Board members serve three-year terms, renewable for a second term.
Over the years, many exceptional community leaders have served on the Board and helped it grow in size and service to Lubbock. The Foundation is an instrument for philanthropy. Donors can support the broadest array of philanthropic organizations and causes through the Foundation, using a wide variety of assets. We help donors establish philanthropic funds to perpetuate their values. We build endowments that will grow and benefit this area forever.