United Way Foundation of Abilene

The United Way Foundation of Abilene is a nonprofit organization established to provide a perpetual source of funding for United Way of Abilene. This foundation supports programs focused on health, education, and financial stability in the local community, particularly during times of emergency or economic change.

Mission

The mission of the United Way Foundation of Abilene is to maintain and enhance the financial capabilities of United Way of Abilene. This ensures the continuity of critical community programs, even in challenging circumstances. The foundation achieves this by contributing to the endowment fund of United Way of Abilene, thereby supporting its network of agencies and initiatives.

Legitimacy

The United Way Foundation of Abilene is a legitimate nonprofit entity registered as a 501(c)(3) organization. It operates with transparency, submitting tax forms such as the Form 990 to the U.S. government. Donations to this organization are tax-deductible.

Financial Overview

In recent years, the foundation's financial activities have included significant investment income and gross receipts. As of 2022, its gross receipts totaled $515,496, with total assets exceeding $4.5 million.

Governance

The foundation is led by key individuals and volunteers who oversee its operations without receiving compensation. The lack of executive salaries reflects the organization's focus on efficient resource allocation towards community programs.

Founding

Established in 2014, the United Way Foundation of Abilene marks a commitment to sustaining community development initiatives in West Central Texas.

Alignment with United Way of Abilene

United Way of Abilene, with which the foundation is closely aligned, has a broader mission to improve lives by mobilizing community resources. Since its inception in 1956, United Way of Abilene has worked on education, income (financial stability), and health – core components of a good life. The foundation supports these objectives by providing a stable financial base.