The Big Spring Area Foundation is looking for financial backing from the community for a new endowment that could help soften the financial burden illness has on many residents.
The endowment, which was started with an initial donation of $10,000, is part of a network of funds the The Big Spring Area Community Foundation oversees, according to local attorney Drew Mouton.
“The community foundation is based on the same model all community foundations around the country are based on. The closest one to our area is the Permian Basin Foundation in the Midland-Odessa area,” Mouton said. “The foundation is really a conduit for people who want to get involved with philanthropy and to help them realize their philanthropic goals. Some people have the ability to set up their own foundations, which are private foundations. The best example of that is the Dora Roberts Foundation, which is a private foundation."
Tommy Churchwell, who is currently working to educate the public on the endowment, said the fund — named the CARE Fund — is designed to help shoulder some of the financial burdens a long term illness can cause, items that are not covered by insurance.
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