Leave More than Money. Leave a Legacy.

The Lubbock Area Foundation exists to help people who care about the Lubbock area to invest - at any level - in its future. As the community foundation for the South Plains, it provides a vehicle for individuals, families, businesses and organizations to establish permanent charitable endowments for the benefit of this area.

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.

The Foundation provides you with a simple, powerful, and highly personal approach to giving. We offer a variety of giving tools to help people achieve their charitable goals. You can make a gift of cash, stocks, bonds, real estate, or other assets to your community foundation. Most charitable gifts qualify for maximum tax advantage under federal law.

Each donor has a unique giving experience, tailored to suit his or her situation and goals. Here are the basics — how you can create a fund at the Lubbock Area Foundation. For more information, please contact Kathy Stocco at kathy@lubbockareafoundation.org

Ways to Give

·         You make a gift to the Foundation. You can give cash, appreciated stocks, real estate, or other assets.

·        We set up a special fund in your name, in the name of your family or business, or in honor of any person or organization you choose.

·         You receive tax benefits in the year your gift is made.

·         Based on the type of fund you establish, you decide how much you want to be involved in the good works your gift makes possible. You can recommend an area of interest or organization you’d like your gift to support, or rely on the community foundation’s experienced program staff to determine and address the areas of greatest need in our community.

·         Our board issues grants in the name of the fund you establish (if you prefer, grants can be made an onymously).

·         We handle the administrative details.

·         Your gift can be placed into an endowment that is invested over time. Earnings from your fund are used to make grants addressing community needs. Your gift – and all future earnings from your gift – is a permanent source of community capital, helping do good work forever.

Timely Opportunities for Giving

·         Year-end tax planning: Just earned a large bonus, but no time to decide on the most deserving charities? Establish a Donor Advised Fund in the Lubbock Area Foundation for an immediate tax deduction, and stay involved in your gift by recommending distributions for months or years to come.

·         Simple alternative to private foundations: Thinking about establishing a private foundation, but looking for a better, simpler way? Or, frustrated with the ongoing management of your private foundation? Establish a Donor Advised Fund or Supporting Organization in the Lubbock Area Foundation and stay personally involved with the distribution of gift dollars. Use the Foundation to handle the administrative and accounting chores.

·         Strategic giving: Passionate about meeting a specific community need and want to make a meaningful gift? The Foundation staff uses expertise in local needs to recommend ways to make the greatest impact.

·         Sale of a business: Own highly appreciated stock in a company that is about to be acquired? Structure a charitable gift of stock before the company is sold to reduce capital gains and increase charitable deductions and establish a Donor Advised Fund.

·         Closely held stock: Personal net worth tied up in a closely held company, but want to give back? Donate a portion of the company stock to the Lubbock Area Foundation; the company may buy it back for fair market value. Establish a Donor Advised Fund or planned gift; you are eligible for a tax deduction at the fair market value of appreciated stock (less any planned gift value).

·         Preserving an estate: Estate planning identifies significant taxes going to the IRS, but you want to keep tax dollars local. Reduce your taxable estate through a charitable bequest or other planned gift. The gift creates your personal legacy that stays true to your charitable intent forever.

There is so much more we’d like you to know. For more information and ideas on ways to integrate your financial planning with charitable giving, ask your financial advisor or contact Kathy Stocco at kathy@lubbockareafoundation.org