make it easy to be a philanthropist!
of the community foundation is simple but practical. It provides
a vehicle to build, over time, substantial endowed funds through
contributions both large and small and put them to work in
assets are made up of many separate endowments called "funds".
Each fund is established with a simple agreement between the
donor and the Foundation. Although funds are usually pooled
for investment purposes, each retains its separate identity
for financial accountability and grantmaking purposes.
a "community" foundation enjoys economies of scale,
offering the affluent and modest donor alike the professional
administration of a major institution.
in 1981, the Lubbock Area Foundation is the community foundation
for the South Plains area. Its primary purpose is to attract
and build permanent endowments that benefit this region. The
Foundation works to enhance philanthropy and strengthen the
sense of community in the Lubbock area.
is governed by a volunteer Board of Directors who are selected
by nine sponsoring organizations: City of Lubbock, Lubbock
County Commissioners, Lubbock Bar Association, United Way
of Lubbock, Lubbock Independent School District, South Plains
Trust & Estate Council, Junior League of Lubbock, Lubbock
Bankers Association and the Lubbock Chamber of Commerce. Board
members serve three-year terms, renewable for a second term.
Over the years, many exceptional community leaders have served
on the Board and helped it grow in size and service to Lubbock.
is an instrument for philanthropy. Donors do not so much give
TO the Foundation as THROUGH it. Donors can support the broadest
array of philanthropic organizations and causes through the
Foundation, using a wide variety of assets. Permanent endowments
can be established for as little as $5000.
for donors to achieve their varied philanthropic
goals, invest contributed funds prudently, and serves as a responsible
steward for the charitable gifts of individuals, families and
help donors establish philanthropic funds to perpetuate
build endowments that will grow and benefit this area forever.
help donors create personal charitable legacies.
provide a way to fulfill multiple charitable interests with
can accept a wide variety of assets.
ensure that the donors charitable intent will be honored.
our grant making
program we are able to provide area non-profits
with much needed assistance for programs and operations. Foundation
initiatives such as Fallen Heroes, Mini-Grants for
Teachers, Young Leaders Society and Community Endowment
Challenge bring many donors together to address community
needs. Our endowed scholarships provide assistance
to a diverse student population.
Area Foundation houses the Funding
Information Library, a Foundation
Center Cooperating Collection. This free, non-circulating
library offers resources to the area grantseekers on private
and corporate foundations.