The 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.

Economy – There is no cost to the donor to create an endowment. Endowments can be established for as little as $5,000.

Professional Management – Lubbock Area Foundation funds are professionally managed and pooled for better investment opportunities with less administrative costs.

Flexibility – the donor designates the charitable purpose of the fund.
Prestige – the donor names the endowment and grants are distributed in that name.

Publicity/Confidentiality – 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.

Simplicity – 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.

Permanence – good work will be done in your name forever.

Your fund can be a PERMANENT ENDOWMENT

Permanent 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.

Or a LIMITED TERM FUND

Limited 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.

THE LEGACY SOCIETY

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 Society.

Lubbock 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.