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 March 2023, Permian Basin Area Foundation had nearly $260 million in assets and more than 300 endowed funds. During 2022, the Foundation awarded 471 grants to various non-profit organizations and 387 individuals were awarded scholarships.