Money still available from Endowment Fund
The philanthropy efforts known as the Plainview Area Endowment have announced that grant funding is still available for 2014.
Groups eligible for the grants must be non-profit organizations with a current 501(c) 3 designation. Deadline for submitting grant requests is Oct. 15. Grant request forms, instructions and information are available on the Endowment website,www.plainviewareaendowment.org.
“While we have tried to make contact with the non-profits in our area, we’re sure that some are not aware of the opportunity,” said John Tye, a member of the advisory board of the Plainview Area Endowment.
An affiliate of Lubbock Area Foundation, the Plainview Area Endowment was created in 2010 “to give the people of Plainview and the surrounding area the opportunity to build a pool of permanent resources exclusively for the benefit of their community.”
The endowment fund is a permanent fund, the principal of which is preserved and invested for long-term growth and appreciation. Grants are made from the annual earnings of the endowment. Over time, the value of the annual grants will far exceed the value to the original gifts according to Plainview Area Endowment.
Top reasons donors say they contribute to the fund include improving the quality of life in the area; preserving the wealth of the community and keeping it working; to provide a flexible infrastructure that makes it easy and affordable for donors to establish endowments; build resources to respond to the changing and emerging community needs; assisting people in achieving their charitable and estate planning goals and to increase the overall charitable resources in the community.
The Plainview Area Endowment also provided scholarships and mini-grants for teachers.
For more information about the Plainview Area Endowment contact 806-762-8061.