Tag Archives: philanthropy

How to Set Up a Fund

What is a fund?

At the Amarillo Area Foundation, funds are used to help donors fulfill their philanthropic interests.  A fund is like having an account at AAF. You put money in and then give us general directions on what charitable causes you want to support.  Often donors choose to give in the areas that they are most passionate about and we ensure that organizations they wish to give to are sound.  This provides the donor with a sense of security, while still making the impact with ease.   

How to open a fund.

Opening a fund is done by initially sitting down with AAF’s development staff and talking about your philanthropic plans.  Their goal is to make sure to match your intention to the type of fund you’ll need, but more on that later.  Each fund requires a minimum $10,000 charitable contribution to get the fund started. You may request distributions from your fund to qualified nonprofit organizations.  Distributions may not be used to satisfy a pledge or to receive a personal benefit (e.g., purchasing a table at a charitable event which you plan to attend). 

Next, let’s take a look at the types of funds and their function.

Types of Fund:

An Endowed Agency Fund at Amarillo Area Foundation is a step towards sustainability.  The initial money to open the fund must come directly from the nonprofit agency (a 501(c)3 organization); donors may contribute to the fund after it’s established to help you build your endowment with their charitable gifts.  When establishing your endowed agency fund, you may choose to receive quarterly distributions of the interest while leaving the corpus intact.  IRS tax laws also allow you to report your agency fund as an asset. 

Community Funds at Amarillo Area Foundation are endowed Field of Interest Funds. As an endowed fund, distributions are allowed from the interest earned on the fund while the principal remains intact.  As a community fund of the AAF, Community Fund holders may receive services including financial management, strategic development, and training. This partnership provides advantages such as safekeeping and management of the endowment fund. 

Amarillo Area Foundation has established a Corporate Fund option to assist you in planning your corporate strategic community investment.  The process of selecting and qualifying organizations that meet your company’s mission may be time-consuming and challenging.  The Foundation can assist in that process by assuming the responsibility of accepting, qualifying, and recommending nonprofits and award amounts from your corporate fund.  We can also serve you by receiving and qualifying requests and passing those along to your corporate leadership for the final decision concerning distributions from your fund.

A non-endowed Corporate Fund may be established with a charitable contribution of $10,000 and may be added to at any time.  We would be pleased to visit with you about the options available to you concerning contributions, distributions, and your active role in managing your fund.

With a Donor Advised Fund at Amarillo Area Foundation, you have an on-going involvement in the use of your charitable contributions.  You will identify ways to use your fund to address issues and needs you care about most.  Our friendly staff will be here to help you along the way. Once your recommendations are submitted and approved by our local Board of Directors, funds will be distributed as grant dollars according to your wishes.  Donor Advised Funds are the largest types of funds AAF holds. 

A Donor Designated Fund at Amarillo Area Foundation, typically an endowed fund, is held for specific nonprofit philanthropic purpose and is an excellent sustainability investment. The corpus is preserved by reinvesting quarterly earnings, or the beneficiary may use the earnings by taking quarterly distributions. Funds that are not endowed allow the use of the fund principal in addition to income. The decision to reinvest or use quarterly earnings is established when the fund is created.

A Field of Interest Fund at Amarillo Area Foundation offers flexibility that other funds may not, such as using the funds to pay for expenses during a capital campaign, construction project, or events.  A Field of Interest Fund may also be designated for support of certain types of programs without being specific to any agencies or organizations. 

Scholarship Funds at Amarillo Area Foundation provide the opportunity for you to offer students in our area a post-secondary education.  The application, selection, and award process is managed by the Foundation’s professional staff and the volunteer Scholarship Selection Committee.  The criteria for the scholarship may be written to your specifications. A scholarship fund must be fully funded for 12 months before the first scholarship may be awarded. 

A Scholarship Fund may be endowed for a minimum charitable contribution of $25,000.00 .  As an endowed fund, scholarships may be awarded on the interest earned from the fund while the principal remains intact.   

For more information about setting up a fund, please contact our development staff: Trent Hill: trent@aaf-hf.org, or Amy Lovell: amy@aaf-hf.org.  or by calling 806.376.4521

The Bright Side of the Texas Panhandle

Bad news is an abundant commodity these days. You can find it everywhere you turn. From social media, to print news, to television, to the radio, there is no shortage of sad, depressing news. So much so, we often fail to see what is occurring before our eyes. It’s easy to lose our way in the shadows of negativity. But without some brilliant light, there would be no shadows. There is always a positive light shining somewhere if we only take time to look.

We have a solution

At the Amarillo Area Foundation, we are fortunate to get a daily glimpse at the multitude of ways people across the Panhandle shine through filling needs in their communities. Every day we see people volunteering, giving of their time and financial resources. Sadly, these types of stories don’t make the news often. That is why the Amarillo Area Foundation has created The Bright Side. Each Tuesday at 6:00 PM on News Channel 10, The Bright Side will spotlight one of our fund holders in a one-minute media package courtesy of the Amarillo Area Foundation. The purpose of this endeavor is to focus on the positive news in the Texas Panhandle while helping organizations and projects gain exposure to potential donors, volunteers, and those desiring their services. By providing this service for our fund holders, we hope the positive light they are shining will be amplified for more people to see. We hope people become inspired to both be and see a shining light in their corner of the Panhandle. And, we hope even more needs are filled from the arts, to education, to human services, to healthcare.

Here’s our first two in the series:

WEEK 1
WEEK 2

A Year of Positive News

For the next year, plan to see the good works of 52 different fund holders at the Amarillo Area Foundation. May it open your eyes to the generous, positive people surrounding you in the Panhandle. May it open your mind to identifying needs in your community. May it open your heart to fulfilling those needs becoming part of the bright side of the Texas Panhandle.

Tune in each Tuesday at 6:00 PM to see The Bright Side on NewsChannel 10.

Foundations Invest Over $8.7 Million in the Health of Panhandle Communities

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Honoring its mission to improve quality of life for Texas Panhandle residents, the Amarillo Area Foundation announces annual distributions totaling $8.7 million for 2016. With more than 450 grants, the Foundation is helping to continue the important work of nonprofit organizations in the 26 counties of the Texas Panhandle. The Harrington Regional Medical Campus had its first-ever grant cycle after joining the Amarillo Area Foundation in 2015.  Because of the collaborative and meaningful work of various community stakeholders, the Foundation and its public supporting organization – the Don and Sybil Harrington Foundation – will invest:

$4.6 million into area communities through community fund, agency fund, and donor advised distributions;

$2 million in discretionary grants;

$1.2 million in scholarship distributions from the ACE and General Scholarship programs;

$676,000 in competitive grant programs including, CNS Pantex, Pattern Panhandle Wind, the Women’s Philanthropy Fund, the AAF Catalyst grant program, and the Kathy Ryan Memorial Fund;

$83,000 in grants from the Harrington Regional Medical Campus.

“The Amarillo Area Foundation and its supporting organizations are proud of what was accomplished by our staff and partners in 2016,” Clay Stribling, AAF CEO said. “We look forward to building on these accomplishments moving forward.”

In 2017, the Amarillo Area Foundation begins its 60th year and will continue supporting efforts that improve quality of life for Texas Panhandle residents. The strength and health of area communities continues to be the benchmark of success, and together with community support, this mission will be realized annually.

Toolbox for Fundraisers Class Recognized as an Asset by Local Nonprofits and Foundations

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For more than 20 years the Foundation has provided a platform for local fundraising professionals to share their expertise through a course originally titled “The Art of Fundraising”.  This year our 2016 “Toolbox for Fundraiser’s” cohort consists of 26 students from nonprofits across the Panhandle, six of which are sponsored to attend the 11-week course because of its dynamism and quality.

The Association of Fundraising Professionals Texas Plains Chapter sponsored two students representing Habit for Humanity and Word at Work. Teresa Hillman, current AFP President believes sponsoring professionals to take the class “is a natural fit” for AFP’s mission.  “Most of us in the nonprofit world understand that a fee for a class of this caliber is not always in our budget, especially if it is a small organization.  To help alleviate that cost, AFP is glad to help with scholarships. The Toolbox for Fundraisers class provides top quality fundraising advice and an upholds standards we adhere to as a profession,” says Hillman.

The Mary E. Bivins Foundation also sponsored Toolbox training for staff members from the Wesley Community Center as a component of a capacity building grant. Susan Severn, the Grants and Scholarships Program Officer at the Bivins Foundation says, “There are several ways to help a nonprofit move forward and make long-term sustainability plans. Whether that be board and staff training, or identifying and diversifying new sources of fundraising.” She states the reason they specifically provided funding for the Wesley Community Center is so that they can think creatively about how to cover the costs for their senior citizens’ program expenses. “The Wesley actually has quite a solid revenue model,” says Severn, “the challenge is that the population the Wesley serves through their senior program is often limited in terms of financial resources which makes covering those program costs more difficult.”

Students in this year’s Toolbox class are the recipients of over 88 years of combined fundraising knowledge from veteran fundraisers Charlotte Rhodes, Patricia A. Ward, and Katharyn Wiegand. Topics covered include: essential tools to be an effective fundraiser; establishing a development office; creating a case for support; constructing a development plan; marketing your organization; making the ask; stewarding donors; and preparing for the CFRE certification.

Participants who successfully complete the 33 hour course will receive 3.30 continuing education credits (CEUs) through Amarillo College.  This course also meets the requirements for those seeking credit hours for the Certified Fund Raising Executive (CFRE) designation. Upon successful completion of the course, each participant will have developed a case for support and a development plan for the organization of his/her choice.

The course fee is $250 for members of the Association of Fundraising Professionals (AFP) and $295 for all others.

Fundraising can be a daunting task if you are not sure where to start or how to stay on track, especially as the number of nonprofit organizations competing for funding increases each year. Let us help put you on the track.

Contact Roxann Ball by phone at 806-376-4521 or by email at roxann@aaf-hf.org to ask about enrollment for next year’s course.

The New Face of ACE

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ACE students have completed more than 1,374 certificates and degrees and are a projected to return $2.6 billion in lifetime earnings to Amarillo’s economy.

One of the most powerful features of the ACE Scholarship Program is its ability to leverage outside sources of financial aid.  Since ACE assists students in obtaining federal, state, and local grants and scholarships, we are able to send students to college for an average cost of $1,200 per year. The ability to leverage outside aid makes ACE an excellent educational investment in Amarillo students.

As we look forward to another 20 years of assisting ACE scholars, we are asking for your help in supporting the educational aspirations of our students.  Your $100 a month actually sends a child to college through the ACE program. Will you be a face of ACE?

Meet our current ACE supporters.

Meet Christopher, an ACE student.

Visit https://www.amarilloareafoundation.org/face-of-ace to become a face of ACE today.

 

She Gives: Lindsey Murphy

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Hello to all the She Giver’s out there. (We are talking to you too, men).

“She Givers” are both male and female readers interested in supporting the driven women in their lives who are dedicated to making a difference. We know there are lots of you out there because the readership for this new column continues to flourish with every edition. We are so pleased you are finding the topics and stories covered meaningful and even more pleased to share our interview with Lindsey Murphy with you in this third edition of the column.

Murphy, the Vice President of Marketing for Education Credit Union, was a top 20 under 40 honoree for 2015. In other words, she will may make you feel inadequate about all things you are not doing that you could be doing. So, for those of you who need a fire lit under you to complete those yearend goals, make sure to click “continue reading” below. For those of you interested in reading about a woman committed to living a life of deep fulfillment, purpose, and service, click “continue reading,” too. Murphy is such a delight and absolute treat to have as a guest this quarter.

Olivia Trabysh: You serve on five boards? Could you list them and explain how or why you chose to get involved with each of them?

Lindsey Murphy: It’s actually six now (laughs). I am on the board of (1) Martha’s Home; (2) Coffee Memorial Blood Center; (3) American Advertising Federation – Amarillo; (4) Canyon Chamber of Commerce; (5) Panhandle PBS; and (6) Arden Road PTA.

Growing up, my Mom’s heart was for blood donation. I was always in the waiting room at Coffee Memorial while she donated. I grew up watching her give. The second I turned 18 that’s what I did. My Dad had a passion for United Way. When he was involved with campaigns or fundraisers for them he would explain to me why he was involved and why we had to help. When I got a “big girl job” I immediately started donating to the United Way because that’s simply what I thought adults did. But the older I got the more aware I became about the many ways to be involved and give back.

My junior year in college I met Melissa Chapman-Smith, the then Executive Director of Martha’s Home. She helped shift my philanthropic mindset to include giving more than just monetarily. She opened my eyes to what it means to donate your time and understanding what donating your time affords. Donating money is important and always appreciated, but donating time is invaluable. (Laughs)… so when my daughter was two weeks old (emphasis on the two weeks old), I joined the Martha’s Home Board of Directors, because I have such a passion for homeless women and children.

The strategic planning and steering of a nonprofit organization does so much good. When my Mom was diagnosed with breast cancer, and after learning what I did on the Board at Martha’s Home, I couldn’t only donate blood in my Mom’s name anymore. I applied to be on the Board of Coffee Memorial in her honor.

Murphy going over the edge for Coffee Memorial Blood Center.

Murphy going over the edge for Coffee Memorial Blood Center.

2015 was supposed to be the year of “no,” but it quickly became the year of “yes.” I joined each of the other boards I currently serve on, and they all deal with many different causes I am passionate about. I am constantly learning so much. But six is my limit.  Pro-tip: If you don’t know your limit, your family will tell you (laughs).

Trabysh: Serving on six nonprofit boards obviously takes up a significant amount of time. Why do you feel it is important to serve the community in addition to your job? And how does your employer assist you in being able to provide outreach to so many parts of the community?

Murphy: There’s just so much more out there to do other than your job. I grew up in the Sleepy Hollow area but applied to be a part of the magnet program at Sam Houston in middle school. I witnessed obvious class division and many differences from what I was accustomed to seeing on my side of town. I learned to love people as people. I just have a servant’s heart.

The Credit Union is incredibly supportive of the benevolent aspect of my personality. They are flexible and allow me to attend board meetings and events during the work day. They also monetarily support nonprofits organizations I am on the board of. The Credit Union supports all of the boards and causes our management team is involved with. They truly believe in the work each member of the management team does for our community and support our efforts.

In 2013-2014 I was given the opportunity to go through Leadership Amarillo and Canyon with my son. The Credit Union sponsored my training and sponsored my son’s, too. They normally sponsor training for a few employees and students in the community. It was really cool not only to receive the training, but to bond that way with my son doing something so profound and then be able to credit the experience to my employer.

Trabysh: That is such a cool thing for your employer to do and I think that is especially important for our younger working women or women contemplating a career change to hear. It is possible to work for an employer that is supportive of your passions and your family. So, time for some lightening round questions. Who are the people that support you the most?

Murphy: My husband! He is the kindest, most patient, loving man on the planet. He helps me find that even level of balance. I would not be able to do what I do if he wasn’t willing to help run our daughter to soccer practice and cheerleading. He also doesn’t mind throwing on a suit and tie to be “my arm candy” for the night to support causes and people I care about. He is always there to support me.

The precious Murphey family.

Murphy family

I really strive for volunteerism to be a way of life for our family. We make volunteer events a family affair. It’s also a way to get friends involved. I am able to spend quality time with people I love and also dedicate that time towards a great purpose. I guess I pass on that spirit of volunteerism to them like my parents did to me without even really meaning to.

Trabysh: Who are the people that inspire you the most?

Murphy: Melissa Chapman-Smith.  My parents – they are the foundation for all of this. Sallye Barnes. She will do anything. She’s the go-to-friend for hot glue parties and last minute dates.

The sheer amount of work that needs to be done inspires me.

Murphy with go-to pal, Sallye Barnes at Martha's Home Second Chance Prom.

Murphy with go-to pal, Sallye Barnes at Martha’s Home Second Chance Prom.

 

Murphy hosting Panhandle PBS Pledge Night.

Murphy hosting Panhandle PBS Pledge Night.

Trabysh: What matters the most to you?

Murphy: When I can go home and go to bed every night.  I can sleep soundly if I know I did a good job at work, I fulfilled the mission of whatever nonprofit organizations I served that day, and I spent quality time with my family. It’s a sense of accomplishment and love for my community and the people in it.

Trabysh: What are the causes that you think are in most-dire need of attention in our community?

Murphy: Homelessness is so urgent and so present; we can’t look the other way anymore. We must work together to fix it – it is not going away on its own.

I want to teach people to not to be so absorbed in their day to day lives.  A tiny little prick can save lives – so go donate blood! There are too many people who bury their heads in the sand and think our community’s struggles will magically take care of themselves. People must be willing to make things happen. If not me, than who?

Bryan Clontz on Creative Charitable Planning

2016_newsletter_q3_creativeImagine being able to increase the size of the gifts from your donors each year. Yet, the net cost of their donations were 40-60% less than what they were giving to you. Essentially, your programs and operations are secure from increased donations and your donors keep more money in their pockets. Sound too good to be true?

It’s actually not, and surprisingly the ability to maximize charitable gifts in such a monumental way is a tactic of the past. Non-cash assets have been incentivized by the government since 1969 but very few people understand what they are or how they work.

To better explain the concept for the benefit of Amarillo Area nonprofits and all the constituents they organizations serve, the Amarillo Area Foundation and the Amarillo Area Estate Planning Council teamed up to bring in charitable expert Bryan Clontz to help decode this mystery.

Clontz, President of Charitable Solutions, LLC spent the morning with nonprofit professionals. He taught them what non-cash assets were and how to ask for and incorporate non-cash assets (ideally appreciated stock) into their planned giving models. Clontz then opened the afternoon with a session for financial planners, CPAs, and attorneys. By informing the people who advise large donors in our area, we are increasing awareness related to the benefits associated with giving non-cash assets which maximize contributions to our area and the impact those contributions have.

Clontz closed the day with a special presentation to the AAF Board of Directors teaching members their role as key stakeholders and empowering them to act as extensions of the Foundation when asking for non-cash assets and even consider giving non-cash assets of their own.

Thanks to Clontz we all have plenty of information to take back to our organizations and communities. Now working together more informed and smarter, empowered to even further improve quality for Texas Panhandle residents.

Bryan Clontz speaking to nonprofit professionals on October 6, 2016.

Bryan Clontz speaking to nonprofit professionals at the Foundation on October 6, 2016.

If you missed the event and are interested in learning more about what Bryan had to say, check out this brief video posted by our friends at the Gulf Coast Community Foundation:

To further your knowledge on the realm of non-cash donations you can also check out Bryan’s website: http://charitablesolutionsllc.com/

In honor of Charlotte’s Retirement

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Charlotte Rhodes, ACFRE

With much regret but the warmest of wishes we announced Charlotte’s decision to retire a few weeks ago. Given the breadth of the work Charlotte has done for the Foundation and the enormous void that will be present in her absence, we would like to take this time to highlight Charlotte’s greatest accomplishments as Vice President of Resource Development and Sustainability.

In her 11-year tenure at the Foundation, Charlotte cultivated an annual average of $10 million per year, and over $100 million total. She established countless programs and committees, the most notable of which being the Foundation’s External Relations Committee which focuses on the engagement of the Foundation with local and area leaders; the Women’s Philanthropy Program, a donor driven fund designed to meet the needs of children and women in the Texas Panhandle; a Professional Advisor Council, a group of lawyers, accountants and other professionals who provide recommendations and review the Foundation’s fundraising and legal strategies; and the Texas Convening Conferences for Postsecondary Education which gather key educators and legislators from across the state to discuss issues faced by high school and collegiate students across the state.

Charlotte has also lead or donated her expertise to make many programs and initiatives successful. Most notably she led the $5 million ACE Scholarship Expansion Campaign and oversaw the development of a $3.5 million grant from the Belinda and Melinda Gates Foundation to begin the No Limits No Excuses program. She also expanded the Nonprofit Service Center’s consulting program and fundraising classes and facilitated the development of the Citadelle Art Foundation and its conversion as a supporting organization of the Amarillo Area Foundation.

In addition to raising over $100 million for the Foundation, Charlotte has raised over $1 billion in her 40-year career as a fundraiser. An assortment of her most notable campaigns being the Don and Sybil Harrington Cancer Center Capital Campaign, Baylor College of Medicine $500 million Capital Campaign, National Susan G. Komen Race for the Cure, Amarillo Globe News Center for the Performing Arts, Oklahoma City Symphony Orchestra, Charles Goodnight Historical Home, Hereford Sports Plex, and most recently the Texas Panhandle War Memorial Education Center.

Charlotte is truly a big city fundraiser with West Texas roots. In 1999, Big Spring Texas High School awarded her with the Outstanding Alumni Award. She received the Outstanding Fundraising Executive Award for Houston, Texas in 2002 before she even received the Outstanding Fundraising Executive Award for Amarillo, Texas in 2005 and Amarillo Junior League Outstanding Sustaining Member. Charlotte was honored by the Amarillo Soroptimists as a “Woman Making and Difference” and by the Business and Professional Women as “Texas Women to Watch.” She currently serves as the Committee Chairman for the Texas Education Grantmakers Advocacy Coalition and was co-chairman for the 2016 Texas Women for the Arts State Meeting.

In addition to her impressive contributions to healthcare, the arts, education and public affairs Charlotte is a published writer and has served as a regional and national consultant for over 50 institutions, organizations, and corporations. We adore Charlotte and know she is equally adored by our community. Please help us in the coming months by celebrating her and thanking her for her service to our community.

We will miss you Charlotte!

The Amarillo Area Foundation Kicks Off the Second Half of 2016 by Awarding an Additional $900,000 to Area Nonprofits

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Tuesday, September 12, 2016

AMARILLO – The Board of Directors of the Amarillo Area Foundation, and its supporting organization The Don and Sybil Harrington Foundation, have awarded $906,836 in grants with their general grantmaking funds.

Ten Amarillo area nonprofit organizations were approved for funding with discretionary grantmaking dollars. Over half of the projects supported in this discretionary grant cycle were health focused. The largest award was a $373,000 grant contributing to the construction of a residential alcohol and drug recovery center in Amarillo.

President and CEO, Clay Stribling said, “We are very pleased with the response to our grants programs for 2016. The quality of applications, particularly for healthcare projects, was extremely high.”

Amarillo Area Foundation’s newest grant making program, The Catalyst Grant program, awarded small grants between $5,000-$14,000 to five nonprofit organizations with projects focusing on education, health, and human services.

“The Catalyst Grant program provides an easier application process for smaller grant amounts while engaging young community members across the Panhandle through the review process. Receiving 18 applications during the first grant cycle indicates we are on the right track for enhancing our grant offerings,” said Katharyn Wiegand, Vice President of Community Engagement.

The final Amarillo Area Foundation and The Don and Sybil Harrington Foundation discretionary grant cycle for 2016 is now open. Nonprofits with moderate grant requests (not to exceed $50,000) are encouraged to apply.  Due to the shortened grant cycle, please contact Kathie Grant, Grants Administrator (376.4521 or kathie@aaf-hf.org) if your organization plans to apply.

In addition, the newly formed Catalyst Grant program, which provides grant awards from $2,500 to $20,000 for programs and projects that fall within the Foundation focus areas, is also accepting applications. There is a special focus in the Catalyst Grant program on capacity building and general operating requests. Please visit our blog to view the full RFP. You can do so here: http://blog.amarilloareafoundation.org/2016/09/07/aafhf-request-for-proposals/

About the Amarillo Area Foundation

The Amarillo Area Foundation is a community foundation that serves the northernmost 26 counties of the Texas Panhandle.  The mission of the Foundation is to improve the quality of life in the Texas Panhandle.  Since its inception in 1957, the Foundation has provided grants and a variety of other services to strengthen nonprofit organizations and the services they deliver.

The full list of recipients is available here.

Panhandle Pattern Wind Grant Given

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PATTERN PANHANDLE WIND AWARDS $25,000 TO PANHANDLE INDEPENDENT SCHOOL DISTRICT IN SECOND GRANT CYCLE

The Amarillo Area Foundation will distribute $25,000 to Panhandle Independent School District in the second grant cycle of the Panhandle Wind Community Benefits Program. An additional grant cycle for the Panhandle Wind Community Benefits Program was held to disburse the remaining $25,000 allocated for organizations providing direct educational opportunities for Carson County residents.

Earlier this year on behalf of Pattern Energy, the Amarillo Area Foundation distributed $175,000 to various Carson County civic and education organizations. Pattern Energy’s Panhandle Wind facility established the Panhandle Wind Community Benefits Program at the Amarillo Area Foundation to benefit residents of Carson County. An advisory committee of Carson County residents reviews grant applications, recommends specific charitable projects to support, and advises on the timing and size of distributions.

The $25,000 distribution to Panhandle Independent School District from this grant cycle will purchase a plasma cutter for Panhandle High School’s welding and metal trade programs, as well as upgrade its culinary arts program. Continue reading