are as many reasons to invest in the community foundation
as there are donors. Some want to ensure support in perpetuity
for charitable organizations and causes that are important
to them, while others see tax saving opportunities. Some realize
that it offers the economy and efficiency for their own charitable
giving that they may not find elsewhere. Still others turn
to the community foundation as an alternative to a private
find that a permanent endowment ensures that their good works
will continue in their name . . . . forever.
Giving options. Choose the one that's Right for
personal approach to giving.
Opening a Donor Advised Fund
allows you to make a gift to the Lubbock Area Foundation,
then remain actively involved in suggesting uses for your
gift. You can work with our program staff to suggest
ongoing uses for the fund — targeting the issues you
care about the most. Grant awards are issued to charities
in the name of the fund (or anonymously if you prefer).
It’s a simple, powerful, and highly personal approach
Donor Advised Funds are
convenient, flexible tools for individuals, families,
businesses, or civic groups that want to be personally
involved in suggesting grant awards made possible by
their gifts. If you have a range of community interests,
you may find that it’s an ideal vehicle for fulfilling
your charitable wishes. Donor Advised Funds are typically
less costly and easier to administer than other forms of
philanthropic giving (such as family or corporate
Your gift can be combined with
others to increase its impact, and you can add to the
fund you establish at any time, receiving tax benefits
with each new gift. You can establish a fund today and
make grant recommendations now or in the future. And if
you endow your gift, it becomes a permanent community
When Evelyn Davies moved to
Lubbock several years ago, she looked for ways to be
involved in supporting this community. She and her
husband, Bill, are active supporters of the arts and
have donated their collection of Southwest Indian art
to the TTU Museum. “As a mother and grandmother, I’ve always been
concerned with children’s issues. With the help of
the Foundation staff, I can give to several
organizations and related causes that truly assist
children in educational, social and developmental
activities. The staff learns of the best ways to
distribute funds to groups that need and deserve
assistance, and therefore, the distributions are
effectively applied to promote causes that have my
particular interest, ” she says.
In 1996, Evelyn met with
our staff to discuss ways she might increase the impact
of her giving and gain maximum tax advantage. Evelyn
chose to establish a Donor Advised Fund and now
regularly confers with our program staff to recommend
grants to the organizations and programs she cares
about most. “Last year, based on my recommendations,
the fund supported a program to help older students
mentor younger students, provided support for Youth
Corps leadership training camp, and made urgent repairs
to the Guadalupe Parkway Neighborhood Center” reports
Evelyn. “This is a great way to stay involved and
allows me to make a difference in this community.”
wanted to share our community values with our children
and share our family values with our community,” says
Nita Kiesling, explaining why she and her husband Ernie
established the Kiesling Family Fund within the Lubbock
Area Foundation. Every year, the Kieslings and their
family recommend uses of the fund. Last year, they
recommended that it be used to help Upward Bound
(limited-income first generation college students)
participants teach blind persons to assemble computer
components and to use computer accessibility software.
The project helps bridge the digital gap for the
visually impaired while also cultivating the Upward
Bound students' community responsibility through
participation in a unique service-learning experience.
appreciate the opportunity to involve our whole family
in giving back to the community that has had a profound
influence on each of us,” says Nita.
with traditions of charitable giving receive many
requests for donations and may find it hard to decide
which appeals to respond to… and even harder to know
if their company’s charitable gifts are making a
difference. A better approach – the company can
establish a Donor Advised Fund at the Lubbock Area
Foundation. Each year, it may add to the fund. A team
of employees meets with the Foundation staff to review
local needs and recommend grants. The Foundation vets
all applications for assistance and the company
employees are able to concentrate on meeting needs most
important to them.
ever-changing community needs.
When you establish an Unrestricted
Fund, your gift can address a broad range of local needs
— including future needs that often cannot be
anticipated at the time your gift is made. We evaluate
all aspects of community well-being: arts and culture,
economic development, education, environment, health and
human services, neighborhood revitalization, and more.
The flexibility of your unrestricted gift enables the
Lubbock Area Foundation’s current, and future, Boards
to respond to this area’s most pressing needs, today
Because you set no restrictions on
the use of your gift, the Foundation Board can to do what
it does best — assess community needs and respond by
awarding grants to the nonprofit organizations that
undertake our community’s most critical work.
Unrestricted Funds enable the Lubbock Area Foundation to
support long-term solutions; respond quickly to
emergencies; and meet changing social, cultural,
educational, or environmental needs in our local
Grants are made in the name of the
fund you establish, creating your personal legacy of
giving. You may give your gift immediately or through
your will or other estate planning strategy. If you endow
your gift, it becomes a permanent community asset.
Gladys Leftwich always made giving to her community a
personal priority. In planning for the disposition of
her estate, she decided on a bequest that would benefit
the Lubbock area and chose the Foundation to administer
her gift for this community. The endowment she
established is now a perpetual source of help to the
people who will always live here. Because she did not
place any restrictions on the use of her endowment, her
gift will never become outdated. As community needs
change, future Foundation boards of directors will be
able to use her gift to meet the most pressing needs of
the time – and always in her name. Because it’s
endowed at the Lubbock Area Foundation, her gift will
make a difference forever. It will grow over time and
become a more and more valuable asset for our
community. This is exactly the legacy she wanted to
of Interest Fund
personal values to high-impact opportunities.
By establishing a Field of
Interest Fund, you can target your gift to address needs
in an important area of community life. Arts. Education.
Aging. At-risk youth. Our board awards grants to
community organizations and programs that are making a
difference in the area you select. Your gift stays
flexible enough to meet community needs in your interest
area — even as they change over time.
While you direct the Field of
Interest Fund you establish from its creation, the
maintenance is left up to us. Our program staff
continually monitors changing community needs so that you
can be sure grants made in the name of your fund make the
most impact in your field of interest and create your
personal legacy of giving.
You can add any amount to the
Field of Interest Fund you establish at any time — and
so can others who share your interests in this community.
If you endow your gift, it becomes a permanent community
concerns will not be forgotten.
Ruth Wright was a lifelong resident of Lubbock who
contributed vitally to the academic and social life of
this city. Always both intellectual and athletic, Dr.
Wright was an avid golfer and tennis player and pursued
a distinguished academic career.
had a great love for her pets which came to encompass
animals in general. She directed that her estate
be used by the Lubbock Area Foundation for the support
of organizations that provide care for animals that are
lost, abandoned or injured. The Foundation will
preserve her estate as a permanent endowment for that
purpose, seeking out and providing annual grants from
the endowment to the organizations and programs in this
area that provide care and rehabilitation of animals.
in deserving students.
In creating a Scholarship, you
invest in your community’s future and show students you
care. The Lubbock Area Foundation provides the expertise
to help you meet your personal goals and awards
Scholarships to deserving students. Your gift can help
students — from preschool to postgraduate — achieve
their lifetime dreams.
You can create a Scholarship
as a memorial to someone special, selecting eligibility
criteria that exemplify that person’s goals and values.
Or, you may use it to express your educational values —
or those of your family or business. Depending on your
preferences, the Scholarship you establish can support
any area of academic need and eligible educational
expenses. Our program staff tracks performance to ensure
students continue to meet the terms for Scholarship
education while honoring their mother.
for a meaningful way to honor their mother, Madeline,
who was a teacher in Tahoka schools for many years,
John and Fred Hegi decided on a scholarship which would
further their mother’s lifelong interest in the
children of her community. They established the
Madeline Hegi Scholarship within the Lubbock Area
Foundation for graduates of Tahoka High School. They
and their mother are actively involved with the
students who will benefit. Scholarships are made in the
name of the fund and have created a legacy to
Madeline’s love and concern for children.
“It’s a wonderful feeling to let students know that
my mother still cares,” says John. “The Lubbock
Area Foundation does all the administrative work and
Fred and I, and the committee we have chosen to help
us, select the most deserving students each
year.” Over the past five years, the Madeline
Hegi Scholarship Fund has supported 18 students with
sustain and advance local organizations.
Establishing a Designated Fund
allows you to support the good work of a specific
nonprofit organization — a senior center, museum, or
virtually any nonprofit charitable organization of your
choice. Because it’s given through the Lubbock Area
Foundation, your gift provides more than just current
funding. It also provides the power of endowment - your
favorite organization will benefit from the
Foundation’s investment stewardship and help with
You can add to the fund at any
time, in any amount. If the organization you select
ceases to exist or changes in mission, the fund can be
redirected so that it continues to address your original
You can be sure that the endowment
fund’s principal will not be spent and can grow over
time, providing a source of lasting support. And the
Foundation’s economies of scale provide the
organization the benefits of a diverse investment
portfolio and low investment fees that typically come
only with very large funds.
source of strength and stability.
opportunity to combine their love of Lubbock and
appreciation of literature led Travis and Laney
Bridwell to create an endowment within the Lubbock Area
Foundation. The Laney and Travis Bridwell Endowment
supports the work of the Lubbock Public Library through
the Friends of the Library. The Bridwells were aware of
the efforts of the Library staff to expand into
under-served areas and incorporate new technology into
their services. The endowment they established
gives the Friends of the Library the means and
flexibility to implement improvements. “We believe
our gift will have maximum impact because the Library
reaches so many people of all ages and backgrounds. It
is an investment in our interests and in Lubbock,”
says Dr. Bridwell.
your nonprofit organization.
Nonprofit organizations can also
establish a Designated Fund or Agency Endowment at the
Lubbock Area Foundation. It’s a simple and efficient
way to build an endowment — and help create
sustainability — for your nonprofit organization. We
handle investment management and the administrative
responsibilities related to endowment so that your
organization’s staff and volunteer hours are
concentrated on fulfilling your mission.
Your organization’s regular
donors can leave a bequest through the Lubbock Area
Foundation to benefit your organization forever and
create a personal legacy. The Foundation can facilitate
even the most complex planned gifts or gifts of
appreciated stock or real estate. Your organization may
also qualify for matching funds to build your endowment.
Learn more about The Community
an investment vehicle for your local community.
Affiliate Community Funds are
funds that are designated to benefit a particular
geographic area – be it a county, a community, or a
region. Each Affiliate is overseen by a committee
of local leaders who are charged with two tasks: first,
educating their friends and neighbors about the wisdom of
creating a “charitable savings account” to benefit
the area; and, second, making wise decisions about grant
distributions when such funds become available.
South Plains communities that wish
to establish an Affiliate Community Fund can use the
Lubbock Area Foundation’s services to support their
charitable work. This allows the affiliate community to
focus on raising the funds and deciding charitable use
for the income of their fund, while relying on the
Lubbock Area Foundation to handle the administration,
investment and the daily office tasks to maintain their
Establishing an Affiliate
Community Fund at the Lubbock Area Foundation has many
An Affiliate Community Fund is
connected with a credible Community Foundation that
will encourage and attract donors to set aside
endowment gifts. The Lubbock Area Foundation's nearly
25-year track record and access to exceptional
investment expertise are assurances that many donors
A relatively constant source
of annual income for the community establishing the
Reduce or eliminate the
ongoing burden or your community to oversee and
maintain a separate endowment program.
Access to legal and technical
advice and consulting on planned giving options.
Administration of charitable
annuities, the receipt of real estate gifts, and help
with calculations and support for establishment of
other planned giving options such as Charitable
Remainder Trusts, Lead Trust, etc.
As the Lubbock Area Foundation
is a member of the Council on Foundations and meets
national standards, the Affiliate Community Funds can
benefit from professional designed marketing
materials, access to on-line philanthropic expertise
and exceptional training and development
impact, high involvement, low hassle.
A Supporting Organization is an
excellent alternative to a private foundation — with
only a fraction of the administrative responsibilities.
You select some of the board members, maintain personal
involvement, and support the causes you care about most
while enjoying the favorable tax treatment of a public
charity. Leave investment management, startup costs,
grant administration, reporting and tax returns to the
Lubbock Area Foundation.
Though connected to the
Foundation, the Supporting Organization you establish is
a separate charitable entity — that bears your name, or
any name you choose.
You select up to 49 percent of
your board of directors; the Lubbock Area Foundation
assigns the rest (so that you benefit from affiliation
with a public charity). You and future generations may
appoint successor board members to help direct the
Supporting Organization you establish and define its
purpose and mission.
Your contributions may yield a
greater tax deduction than those made to a private
foundation, and the Supporting Organization is not
subject to other private foundation rules and
regulations, such as paying an excise tax or making a
minimum payout each year. Working through your community
foundation, you have the choice of receiving recognition
or remaining anonymous in your giving.
Several efficiencies preserve your
charitable assets and allow you to make the impact you
desire. The startup and administration is simple and
allows your board to begin issuing grants right away. And
through the years, the Lubbock Area Foundation can
provide local grantmaking expertise, reporting services,
and management of the Supporting Organization’s assets
by investment professionals.
Your planned gift to
Lubbock Area Foundation will have meaning and impact for
years to come. We honor those who have made a lasting
commitment by including charitable gifts to the
foundation in their estate plans through the Legacy
Society. Learn more about the Legacy
is so much more
we’d like you to know. For more information and
ideas on ways to integrate your financial planning with
charitable giving, ask your financial advisor or contact
Kathy Stocco at email@example.com