Lubbock Area Foundation is designed to save local philanthropists
both time and money. Its basic appeal to donors is its flexibility,
economy and ease of use. Through the Foundation, you can create
a personal philanthropic fund designed for your particular
interests and circumstances.
There is no cost to the donor to create an endowment.
Endowments can be established for as little as $5,000.
Management Lubbock Area Foundation funds
are professionally managed and pooled for better investment
opportunities with less administrative costs.
the donor designates the charitable purpose of the
Prestige the donor names the endowment and grants are
distributed in that name.
Lubbock Area Foundation will publicize the donor
fund or giving can be done anonymously. All contributions
are tax deductible to the maximum extent allowed by law.
Lubbock Area Foundation handles all the paperwork and
red tape (correspondence, accounting, annual tax return, etc.)
leaving you free to enjoy the satisfaction of giving.
good work will be done in your name forever.
fund can be a PERMANENT ENDOWMENT
Endowments appeal to donors who prefer that their gift not
be expended immediately. Their gift will remain intact and
provide annual philanthropic support in their name forever
from a percentage of the asset value.
a LIMITED TERM FUND
term funds pay out partially or completely in donor recommended
grants to qualified charitable organizations. Donors enjoy
immediate tax benefit, while grant decisions can be made over
time. A limited term fund simplifies your giving, allowing
you to support many organizations or causes through your one
gift so you have only one tax receipt to process.
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
Area Foundation does it all! We handle the paperwork, file
tax returns, field solicitation calls, professionally manage
contributions, and support your philanthropic legacy
all with one gift.