The Foundation seeks to meet charitable needs in West Texas by providing a flexible vehicle for donors with varied philanthropic desires. In 1989 West Texas leaders envisioned a public foundation that would sustain the valuable spirit of philanthropy in our local communities for years to come. With a charitable investment of $400,000, Permian Basin Area Foundation was established. Its mission: To partner with donors in creating permanent charitable funds to enrich the quality of life in West Texas communities.
As of the end of 2021, Permian Basin Area Foundation has nearly $280 million in assets and more than 300 endowed funds. Last year, more than one million dollars in scholarships were awarded from 85 scholarship funds.