The name can honor family and friends, or protect anonymity. We monitor the investments, pay out grants from the earnings, and handle all the red tape. Click here to learn more about creating a fund. If each individual fund had to recreate our services from scratch, the price tag would be significant, perhaps consuming an appreciable portion of the original gift. At the Permian Basin Area Foundation, each fund shares the cost of staff and superb investment advisors.
Fees are minimal.
Our Board periodically reviews these fees to assure they are as economical as possible while meeting the Foundation's expenses. But Jefferson left wide open the purposes any person might choose because there are as many types of good works as people on this earth. So we make it easy for people to support good works of their choice. Donors may adopt the general charitable goals of our community foundation that address the well-being of the Permian Basin area. They may direct their gifts into the needs of a specific county or community.