Ward County Community Endowment, Citizens of Monahans
Citizens of Monahans and Ward County began an initiative in December 2006 to raise at least $200,000 to start a perpetual charitable fund to serve community needs. Permian Basin Area Foundation, which currently administers the endowment, offered a challenge to match funds raised up to $50,000. Likewise, the Dunagan Family Foundation offered a challenge grant.
In December 2008, local citizens of Ward County surpassed the $200,000 mark and met the challenges of the two foundations thereby establishing an endowment in excess of $300,000.