Nonprofits›Permian Basin Area Foundation

Community Foundations

Permian Basin Area Foundation

MIDLAND, TX

WebsiteView as a funder

Total revenue

$43.7M

Total expenses

$17.0M

Net assets

$322.4M

Grants received

$20.4M

74 grants

EIN

752295008

Tax year

2024

Mission

Permian Basin Area Foundation facilitates the creation of permanent charitable funds in partnership with many donors, and provides grants to address community needs and enrich the quality of life in the Permian Basin.

Programs

1 program

Community education includes general outreach to advance the mission of the Foundation and philanthropy in West Texas. Such activities include providing advice to nonprofits on best management practices and capacity building, making reports to nonprofit boards about endowments, and conducting educational events for nonprofits. During 2024, the Foundation conducted 53 education meetings and/or events with nonprofits.

Expenses: $29K

Financials

FY 2024

Revenue

Contributions & grants$19.7M
Program service revenue—
Investment income$22.7M
Other revenue$1.3M
Total revenue$43.7M

Expenses

Grants paid$13.3M
Salaries & benefits$1.5M
Fundraising$189K
Other expenses$2.2M
Total expenses$17.0M
Total assets$331.0M
Net assets$322.4M

People

16 listed

NameRoleCompensation

Guy McCrary

President and CEO

Board

$319K

40 hrs/wk

Cyndi Vara

Chief Financial Officer

Board

$204K

40 hrs/wk

Mara Hobbs

Director

Board

—

1 hrs/wk

Andrew Semer

Director

Board

—

1 hrs/wk

Bethany Etheredge

Director

Board

—

1 hrs/wk

G E Peterson

Director

Board

—

1 hrs/wk

Madison Rose

Director

Board

—

1 hrs/wk

Reggie Baker

Director

Board

—

1 hrs/wk

Steve Barron

Director

Board

—

1 hrs/wk

Wesley Bownds

Chair

Board

—

1 hrs/wk

R Alan Hale

Vice-Chair

Board

—

1 hrs/wk

Bryan Heflin

Secretary - Treasurer

Board

—

1 hrs/wk

Todd Meade

Past Chair

Board

—

1 hrs/wk

Jennifer Steadman

Development Officer

Staff

$127K

40 hrs/wk

Raymond Williams

Grants Officer

Staff

$103K

40 hrs/wk

Cari Whitaker

Finance and Accounting Administrator

Staff

$102K

40 hrs/wk

Independent contractors

RBC Wealth Management

Investment Consultant and Management Services

$792K

Wells Fargo Wealth Management

Investment Consultant and Management

$224K

UBS Financial Services Inc

Investment Consultant and Management Services

$222K

Mason Investment Advisory Services

Investment Consultant and Management Services

$138K

Grants received

Showing 74 of 74

FromAmountPurposeYear
PRENTICE FARRAR BROWN AND ALLINE FORD BROWN
$575K
FOR ALPINE PUBLIC EDUCATION
2024
SCHARBAUER FOUNDATION INC
$500K
MIDLAND DOWNTOWN PARK CONSERVANCY ENDOWMENT FUND
2024
WAYNE & JO ANN MOORE CHARITABLE
$85K
OPERATING EXPENSES
2024
WARREN CHARITABLE FOUNDATION
$16K
PROGRAM SUPPORT
2024
ENERGY WORKFORCE & TECHNOLOGY COUNCIL
$14K
SCHOLARSHIP
2024
THE US CHARITABLE GIFT TRUST
$10K
FOR RECIPIENT'S EXEMPT PURPOSE
2024
EDNA MAY COREY CHARITABLE TRUST
$9K
UNRESTRICTED GENERAL
2024
WEST TEXAS HERITAGE HOLDINGS INC
$7K
To support the programs of Permian Basin Area Foundation.
2024
RACHEL LYMAN CHARITABLE TRUST
$2K
UNRESTRICTED GENERAL
2024
ABELL-HANGER FOUNDATION
$600
UNRESTRICTED DONATION
2024
ABELL-HANGER FOUNDATION
$500
UNRESTRICTED DONATION
2024
STILL WATER FOUNDATION
$410K
CHARITABLE - STILL WATER FOUNDATION II DONOR-ADVISED FUND.
2023
AESC SCHOLARSHIP & CHARITABLE FUND
$250K
EWTC SCHOLARSHIP FUND
2023
Odessa Youth Baseball Association Inc
$249K
Donation made to the Permian Basin General Endowment Fund.
2023
PRENTICE FARRAR BROWN AND ALLINE FORD BROWN
$135K
FOR BROWN FOUNDATION DONOR
2023
THE US CHARITABLE GIFT TRUST
$117K
FOR RECIPIENT'S EXEMPT PURPOSE
2023
E J & RUBY WHEELER CLEVELAND CHAR TR #1
$53K
GENERAL
2023
STILL WATER FOUNDATION
$45K
CHARITABLE - TO SUPPORT EDNA THEATER DEVELOPMENT.
2023
STILL WATER FOUNDATION
$45K
CHARITABLE - FOR TEXANA ARTS COUNCIL BUSINESS PLANNING
2023
ENERGY WORKFORCE & TECHNOLOGY COUNCIL
$29K
SCHOLARSHIP
2023
FMH FOUNDATION
$25K
ENDOWMENT FUND
2023
WARREN CHARITABLE FOUNDATION
$21K
PROGRAM SUPPORT
2023
EDNA MAY COREY CHARITABLE TRUST
$9K
UNRESTRICTED GENERAL
2023
ABELL-HANGER FOUNDATION
$5K
CINDY JENKINS PERMANENT ENDOWMENT
2023
RACHEL LYMAN CHARITABLE TRUST
$2K
UNRESTRICTED GENERAL
2023
XCEL ENERGY FOUNDATION
$400
MATCH A PREVIOUS DONATION (501(C)3)
2023
ABELL-HANGER FOUNDATION
$200
TOMMY NORWOOD MEMORIAL SCHOLARSHIP FUND IN MEMORY OF JUDY NORWOOD
2023
PEVEHOUSE FAMILY FOUNDATION
—
PROJECT EXPENSES
2023
NETTIE MILLHOLLON EDUCATIONAL TRUST
$2.8M
NETTIE MILLHOLLON SCHOLARSHIP FUND, STANTON ISD, GRADY ISD
2022
WEST TEXAS HERITAGE HOLDINGS INC
$692K
To support the programs of the Permian Basin Area Foundation.
2022
THE BLACKBAUD GIVING FUND
$501K
GENERAL SUPPORT
2022
STILL WATER FOUNDATION
$435K
CHARITABLE - STILL WATER FOUNDATION II DONOR-ADVISED FUND.
2022
STILL WATER FOUNDATION
$200K
CHARITABLE - TO SUPPORT WEST TEXAS FOOD BANKS.
2022
PEVEHOUSE FAMILY FOUNDATION
$75K
PROJECT EXPENSES
2022
E J & RUBY WHEELER CLEVELAND CHAR TR #1
$58K
GENERAL
2022
CHAPARRAL FOUNDATION
$55K
GENERAL OPERATIONS
2022
THE FASKEN FOUNDATION
$50K
DIRECTOR'S CHOICE 2022
2022
UNION PACIFIC FOUNDATION
$10K
OUTDOOR RECREATION AND EDUCATION
2022
WAYNE & JO ANN MOORE CHARITABLE
$10K
OPERATING EXPENSES
2022
FMH FOUNDATION
$10K
ENDOWMENT FUND
2022
EDNA MAY COREY CHARITABLE TRUST
$10K
UNRESTRICTED GENERAL
2022
WARREN CHARITABLE FOUNDATION
$10K
TO FURTHER CHARITABLE PURPOSE
2022
AMERICAN ONLINE GIVING FOUNDATION INC
$5K
GENERAL SUPPORT
2022
ABELL-HANGER FOUNDATION
$5K
DISCRETIONARY GIFTS PLAN
2022
JE AND LE MABEE FOUNDATION INC
$5M
BUILDING RENOVATION RECREATIONAL
2021
COMMUNITIES FOUNDATION OF TEXAS INC
$2.5M
THIS GRANT IS DESIGNATED FOR THE MIDLAND DOWNTOWN PARK CONSERVANCY ENDOWMENT FUND. NO BENEFITS TO BE RECEIVED FROM THIS GRANT.
2021
PRENTICE FARRAR BROWN AND ALLINE FORD BROWN
$500K
FOR BROWN FOUNDATION DONOR
2021
E J & RUBY WHEELER CLEVELAND CHAR TR #1
$61K
GENERAL
2021
EDNA MAY COREY CHARITABLE TRUST
$8K
UNRESTRICTED GENERAL
2021
NETTIE MILLHOLLON EDUCATIONAL TRUST
$2M
NETTIE MILLHOLLON SCHOLARSHIP FUND, STANTON ISD, GRADY ISD
2020
WEST TEXAS HERITAGE HOLDINGS INC
$499K
To support the programs of the Permian Basin Area Foundation.
2020
STILL WATER FOUNDATION
$355K
CHARITABLE - STILL WATER FOUNDATION II DONOR-ADVISED FUND.
2020
WAYNE & JO ANN MOORE CHARITABLE
$100K
OPERATING EXPENSES
2020
E J & RUBY WHEELER CLEVELAND CHAR TR #1
$54K
GENERAL
2020
NATL CHRISTIAN CHARITABLE FDN INC
$50K
SUPPORT
2020
TEXAS MUTUAL INSURANCE COMPANY
$50K
COVID-19 Relief Grants
2020
DONOR ADVISED CHARITABLE GIVING INC
$25K
PUBLIC, SOCIETAL BENEFIT
2020
Walton Family Foundation Inc
$25K
Permian Basin COVID-19 Response
2020
THE L & M CHARITABLE FOUNDATION INC
$25K
GENERAL SUPPORT CONTRIBUTION
2020
EDNA MAY COREY CHARITABLE TRUST
$8K
UNRESTRICTED GENERAL
2020
THE COVIA FOUNDATION
$3K
COVID RELIEF
2020
WARREN CHARITABLE FOUNDATION
$3K
TO FURTHER CHARITABLE PURPOSE
2020
RACHEL LYMAN CHARITABLE TRUST
$3K
UNRESTRICTED GENERAL
2020
ABELL-HANGER FOUNDATION
$250
MATCHING GIFTS PROGRAM
2020
ABELL-HANGER FOUNDATION
$250
MATCHING GIFTS PROGRAM
2020
ABELL-HANGER FOUNDATION
$200
MATCHING GIFTS PROGRAM
2020
ROBIN & MARK THOMAS FAMILY FOUNDATI
$100
GENERAL BUDGET
2020
E J & RUBY WHEELER CLEVELAND CHAR TR #1
$53K
GENERAL
2019
WEST TEXAS HERITAGE HOLDINGS INC
$1.5M
To support the programs of the Permian Basin Area Foundation.
2018
E J & RUBY WHEELER CLEVELAND CHAR TR #1
$57K
GENERAL
2018
EDNA MAY COREY CHARITABLE TRUST
$8K
UNRESTRICTED GENERAL
2018
WALTER & JERE HUBBARD FAMILY FOUNDATION
$3K
OPERATIONAL EXPENSES
2018
BLANKINSHIP 1991 FOUNDATION INC
$750
GENERAL FUND
2018
E J & RUBY WHEELER CLEVELAND CHAR TR #1
$55K
GENERAL
2017

Funded by

$20.4M from 34 funders · 74 grants · 2017–2024

Je And Le Mabee Foundation Inc

$5M · 1 grant · 2021

Nettie Millhollon Educational Trust

$4.8M · 2 grants · 2020–2022

West Texas Heritage Holdings Inc

$2.7M · 4 grants · 2018–2024

Communities Foundation Of Texas Inc

$2.5M · 1 grant · 2021

Still Water Foundation

$1.5M · 6 grants · 2020–2023

Prentice Farrar Brown And Alline Ford Brown

$1.2M · 3 grants · 2021–2024

The Blackbaud Giving Fund

$501K · 1 grant · 2022

Scharbauer Foundation Inc

$500K · 1 grant · 2024

Details

EIN752295008
NTEE codeT31
Subsection03
Ruling date1994-09
Formed1989
Employees10
Volunteers66
PERMIAN BASIN AREA FOUNDATION — Mission, Financials & Grants Received | Grantivo