Our mission is to build a legacy of philanthropy by attracting and prudently managing endowed gifts in order to match donor interests with community needs of the area.
We exist to make philanthropic giving in San Angelo and the surrounding area easier and efficient.
The San Angelo Area Foundation was established in 2002 by a $1 million dollar grant from the San Angelo Health Foundation. While the Health Foundation is a private foundation, the San Angelo Area Foundation is a community foundation whose mission is to improve quality of life in the San Angelo area by assisting philanthropic individuals aggregate funds to benefit the area.
More than 7,000 donors have contributed over $200 million dollars since inception and have created more than 370 funds. Over $120 millon have been awarded in grants and the Foundation has over $200 million in assets, all supporting a wide array of causes in San Angelo and the surrounding area.
Most funds are created as an endowment at the San Angelo Area Foundation. Since the earnings are used in grant making, individual funds continue to grow while grants made from annual earnings support a wide variety of programs in the San Angelo area, forever!
Advantages of size will allow the SAAF to maximize investment opportunities while keeping management costs lower than if a person were to purchase these types of services individually, thus allowing more money to go to meaningful grants.
Strong Board Leadership, professional management, and the unique mission of the Foundation will allow donors to meet their philanthropic needs while insuring proper administration of funds while keeping a long-term perspective will nurture the overall good of the entire community.
The San Angelo Area Foundation is a 501(c)3 publicly supported charitable organization, which is an independent community foundation governed by a local Board of Directors. Today, nearly 800 community foundations work across the U.S. by investing in local programs and organizations tackling the most difficult challenges. To learn more about community foundations and our work around the U.S., click here.