Its purpose was changed to the establishment and operation of libraries, museums, auditoriums, civic centers, educational facilities, human relations programs, and to promote or support communital health and social welfare programs for the people of Texas. In 1984 the Trust was dissolved and the Foundation took over the assets. Through the years the property in Dallas that was given to start the Foundation was sold and the funds invested in stocks and bonds. The Foundation operates from the income from these investments. The Hall-Voyer Foundation is an operating foundation.
Most people are familiar with grant making foundations.
The difference in an operating foundation is that they must operate their own programs, instead of giving the funds to other non-profits for their programs. An operating foundation must spend eighty-five percent of their income for programs that they control. The Hall-Voyer Foundation only makes a few small grants each year, most of them local. Recent grants have assisted Honey Grove and Fannindel schools with their Accelerated Reader Programs. An earlier grant was given to the Honey Grove I.S.D. to purchase computers for the kindergarten.