Why do you think the Wichita Falls Area Community Foundation is important to this area?
The Wichita Falls Area Community Foundation plays many roles. For donors it makes philanthropy easy. The foundation takes care of all the work to ensure the donor’s wishes are met and all tax laws and regulations are followed. For nonprofits the foundation can serve as a source of funds through unrestricted grants and can assist in planning for their future through endowed funds. The foundation also has assisted with growing the number of scholarships available to our area’s youth. Many of our scholarship recipients wouldn’t be in school if not for the funds available through the foundation.
Why did you set up a fund at the Wichita Falls Area Community Foundation?
To be honest, Debbie and I first set up our donor advised fund for tax reasons. Setting up the fund gave us an immediate tax deduction and gave us time to decide how we wanted our charitable giving to be allocated. Since setting up the fund I have found that having the fund really makes our charitable giving easier. We make a request and the foundation staff handles all of the details.
Why would you encourage other people to donate to and/or set up a fund at the Wichita Falls Area Community Foundation?
In a very short period of time, The Wichita Falls Area Community Foundation has grown to an organization with over $30 million in assets. Through the many funds we are improving lives everyday. I believe that people that have the means and want to see our community grow would want to be part of this organization.