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2025 Annual Report

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Where You Can Leave

A Path For Others

“Do not go where the path may lead; go instead where there is no path and leave a trail.” This call to courage and imagination reflects the heart of the many supporters we have had the privilege to walk alongside this year. Generosity shaping a future where new paths are forged and charitable visions inspire future generations to create their own trail. Contributions combined with investment returns exceeded $55 million to 515 funds. Donors helped make possible an incredible $18 million in grants in 2025 - each one fueling hope, strengthening organizations, and advancing causes that matter most to them.

We were reminded just how deeply our community cares, when the San Angelo area experienced an unprecedented flood on July 4, 2025. We watched the community join together with unwavering compassion, ensuring that no neighbor faced this crisis alone.

San Angelo Gives continued the momentum, raising over $4 million for nonprofits across the Concho Valley. This extraordinary day of giving has become a cornerstone for giving, igniting the collective power of neighbors helping neighbors. On May 5, 2026, we look forward to another day when generosity shines brightly and every gift—large or small—helps move our community forward.

A legacy of philanthropy is built by many hands and many hearts. Together, we can imagine the trail you wish to leave through your charitable giving and the lasting impact your generosity can have on causes in the Concho Valley.

2025 Board of Directors

Jay Boyd, Board Chair

Patrick Shannon, Vice Chair

Brady Johnson, Sec/Tres

Camille Yale, Past Chair

Jon Bailey

Mary Seger Boster

Jeff Bozeman

Sharanda El Masri

Ronnie Hawkins

Flor Leos

Shelley New

Carlos Robledo

Gayla Thornton

Drew Wallace

Troyce Wilcox

Staff

Matt Lewis, President & CEO

Brianne Killam, CPA, Chief Financial Officer

Rebecca Reyes Wilkins, VP Programs

Janet Karcher, VP Community Engagement & Marketing

Thessalonia Samarripa, Donor Services & Operations

Mason Brooks, VP Development

Kim Hoelscher, Donor Relations Associate

Assets December 31, 2025 $335 MILLION

Recognized by National Standards for operational excellence demonstrating our commitment to accountability and transparency. This recognition places SAAF among the top community foundations in the nation.

Finding joy in life’s circumstances has been my mom’s heartfelt commitment to making a meaningful difference in the lives of others. Her unwavering spirit and infectious optimism have taught us that even in the face of adversity, there is always room for kindness and compassion. Her legacy is one of hope and resilience, serving as a constant reminder that true fulfillment comes from lifting up others.

ELIZABETH CHAMBERS
DAUGHTER

WHERE PERSEVERANCE Inspires Generosity

At the age of 18, Martha Pool Elder was excited for the next chapter in life as she was making plans to attend Baylor University. Her plans came to a halt when she was diagnosed with rheumatoid arthritis. Faced with the realization that her life might never be the same and told she would most likely be wheelchair bound, Martha knew the decision was to either push forward with heart, find joy in life and persevere, or let her diagnosis define her future. She went on to Baylor, obtained her speech and language education degree, and never looked back. For more than 40 years, Martha inspired students, pouring into each one with sincere care for their success.

Witnessing her parents give back to the community and rooted in the belief that generosity has the power to transform lives, Martha’s journey is a powerful testament to encouraging others to do what you can, where you are, with what you have. With a persevering heart, Martha has worked with the San Angelo Area Foundation to establish philanthropic priorities that truly transform our community today, tomorrow, and forever - Leaving a trail of good for others to follow.

POWER OF ENDOWMENTS

The power of an endowment example in the chart demonstrates how charitable dollars can make an impact today, while securing the needs of tomorrow. Whether you choose to utilize current assets or a planned gift, the San Angelo Area Foundation is where you can inspire generosity.

Every donation, every helping hand, and every word of encouragement has played a critical role in our community's resilience and rebuilding. We remain committed to standing in the gap for neighbors in need and through this response, we have witnessed a groundswell of compassion, restoring hope for our community - one home and one heart at a time.

WHERE CRISIS MEETS Compassion

WHERE CRISIS Meets Compassion

In the early morning hours of July 4, 2025, many of our neighbors were awakened by rising water entering their home, causing major devastation. More than 14 inches of rain accumulated and in a matter of a few hours, homes in our community were being swept away and evacuations began to bring neighbors to safety. As one of the many critical philanthropic efforts needed to support those impacted by this disaster, the San Angelo Area Foundation utilized our ability to quickly manage and award emergency grants to neighbors in need through our disaster relief fund. As waters receded and armed with a sense of hope, Concho Valley Together - Long Term Recovery Group in partnership with community organizations was formed to ensure support for neighbors whose recovery continues. We will continue standing in the gap for neighbors and over the past nine months, we have witnessed a groundswell of compassion, restoring hope one home and one heart at a time.

RESILIENCE AT A GLANCE as of April 7, 2026

More than homes affected, damaged or destroyed by floodwaters.

Your gift - combined with others has helped raise as of April 1, 2026.

506 neighbors received immediate assistance

571 completed unmet needs assessment

377 continue to work with case manager

94 homes identified for restoration or rebuild

108 homes have been completed

In collaboration with community partners, the disaster fund ensures no one faces this crisis in isolation with dedicated to long-term recovery and unmet needs. 1,900 $250,000 $5,626,406 $2,647,349 $2,979,057

In the first 200 days has been awarded in emergency grants to impacted neighbors and community partners to provide assistance with repair and rebuilding costs.

Local businesses were also impacted by this flood. Grants included made available for businesses with physical property damage through the LiftFund, ensuring a strong economic infrastructure of resilience

To learn more about recovery and rebuilding visit

“I like that welding can be used to build bridges, fix machines, or even make art. I am proud to know that the skills I am learning today will help to build things that will last for generations. I aspire to become a master welder one day, teaching others the essential skills for success in this field.

WHERE PATHS ARE MADE FOR

Bright Futures

WHERE PATHS ARE MADE FOR Bright Futures

Garrison Michalewicz, a 2025 Wall High School graduate, found his future career with one spark of a welding torch. Learning to weld has become a passion and the reason he chose to pursue his associate degree in Welding Technology at Texas State Technical College in Abilene, Texas. While in high school, Garrison honed his welding skills by participating in Wall FFA, entering Ag Mechanic projects in stock shows across the state. For Garrison, it is not just about welding, it is about building a future where his talents will have a true impact for generations. Garrison shared, “I like that welding can be used to build bridges, fix machines, or even make art.” Each year, the San Angelo Rotary Club recognizes students who exemplify the clubs Service-Above-Self mantra awarding scholarships to deserving students.

As a reflection of his desire to impact others, Garrison became a certified TEEX Firefighter I and II shortly after his 18 birthday. He currently serves as a volunteer with the Wall VFD and his selfless courage played a pivotal role in a swift water rescue during the July 4th flood response. His journey is a testament to the power of pursuing one ’ s passion. As he continues his education, Garrison is positioned to be successful in his field and his heart for others is leaving a trail of good for generations to follow.

The San Angelo Rotary Club established an endowed scholarship fund in 2003 and has awarded over $140,000 to local students. This Service-Above-Self legacy is creating a path for students like Garrison.

Ag Mechanic Project: Walk behind forklift

Give for Good empowers the Foundation to adapt to evolving community needs, foster innovative solutions for local challenges, and improve the overall quality of life in the Concho Valley. By contributing to the Give for Good Fund, you align yourself with other visionary individuals who understand that an endowment committed to the well-being of our communities benefits not only us today but also future generations.

WHERE A COMMUNITY ENDOWMENT CAN Give for Good

WHERE A COMMUNITY ENDOWMENT CAN

Give for Good

A look at what a SAAF grant can do

Concho Valley Regional Food Bank can provide support to children that have been identified as having food insecurities over the weekend when they do not have access to school lunches and breakfast through the Food2kids program. This program means that children will not show up to school on Monday desperate for a meal. On average, 1,200 bags are provided to kids across the Concho Valley each week and are made available to households in transition or facing crisis.

Frontera Healthcare Network - Brady Clinic is able to provide healthcare access in a rural and medically underserved region of the Concho Valley through renovation of a clinic located in McCulloch county. As a community health center, this expansion aims to reduce barriers to care and address the social and economic factors that impact health.

San Angelo Early Childhood Center is able to provide critical tuition assistance for families in need of child care, ensuring equitable access to quality early childhood education. This type of support eases the financial burden for families who struggle to afford quality childcare, limiting their ability to work or pursue education. Access to high-quality early childhood education is a proven pathway to long-term success ensuring vulnerable children receive the foundational education needed for lifelong learning.

Water Valley Volunteer Fire Department can respond to structure and grass fires across Tom Green, Coke, and Sterling Counties with the acquisition of a fast attack truck. Covering 289 square miles, reliable emergency equipment is essential for effective fire containment in challenging terrain. Additionally, a dryer cabinet for personal protective equipment (PPE) ensures that firefighters remain safe and healthy by removing contaminants from PPE after exposure.

Learn more by visiting saafound.org/give-for-good

We are deeply grateful for the generous support from community givers helping to positively shape the Concho Valley. Your support has been instrumental in empowering organizations to extend their reach and unlock additional resources. There is no doubt the impact you have had on our community and this collective effort is the fuel needed to empower participating organizations to deliver vital services and address difficult challenges.

WHERE A COMMUNITY ENDOWMENT CAN Give for Good

WHERE GENEROSITY ALIGNS WITH Community Needs

The first Tuesday in May is a chance to witness the overwhelming generosity of our community and an opportunity for every person to play a role in shaping a greater Concho Valley. Over the past 11 years, community givers have come together for more than 260 organizations in one of the most energy filled displays of generosity and hour by hour, we inch toward reaching milestones beyond our imagination - raising $30 million since inception. This support is a testament to the deep desire the Concho Valley has to see our region thrive. Local organizations are standing in the gap for those who need it most and through San Angelo Gives, a simple $10 gift can turn to millions reinforcing the power of collective giving. There is no shortage of need for causes in the Concho Valley and with each gift, this powerful day has a ripple effect of good.

We are thankful for the thousands of donors whose generous contributions raised over $4 million during San Angelo Gives 2025. Through the generosity of so many, we have witnessed the impact when one act of kindness, one spark of hope can ignite an entire community. Join us for San Angelo Gives on May 5th where you can align your generosity with community needs.

Grow for Future Impact

In 2025, the Foundation awarded more than 2,275 grants resulting in $18 million to support charitable causes. These grants include donor advised, scholarship, designated and field of interest. More than $576,766 was awarded through the Give For Good grant making program.

Financial Highlights

As of December 31, 2025

Cash and Cash Equivalents

Investments at market

Beneficial Interest in charitable remainder trust

Other Assets

Total Assets

Liabilities and Net Assets

Payables

Present Value of Split Interest Trust

Funds held as agency endowments

Total Liabilities

$3,056,015 $251,525,655 $15,417,713 $3,250,552 $4,584,595 $308,419,994 $18,933,217 $3,105,876

$1,925 $1,799,967 $83,777,559 $8,183 $1,729,483 $105,892,037

Total Net Assets $85,579,451 $187,670,484 $107,629,703 $227,413,979

Total Liabilities and Net Assets (net of agency funds)

Summarized Statement of Activities Contributions

Net Investment Income

Total Revenue, Gains and Other Support

Grants and Expenses

Grants, distribution and program expense

Management and Operating Expense

Total Grants and Expenses

Change in value of split interest agreements

Change in Net Assets

Net Assets, Beginning of Year

Net Assets, End of Year $187,670,484 $273,249,935 $273,249,935 $36,552,531 $18,297,182 $1,457,473 $17,780,498 $1,421,113 $19,201,611 $3,300,643 $39,743,495 $187,670,484 $227,413,979 $55,644,463 $335,043,682 $335,043,682

$16,895,006 $19,657,525 $24,873,447 $30,771,016 $16,982,554 $1,314,628

$19,712,822 $167,957,662

The financial information above has been summarized from the financial statements of the San Angelo Area Foundation. SAAF financial statements are audited annually by Condley and Company, LLP, of Abilene Texas an independent public accounting firm. For a complete copy of the audit visit www.saafound.org/financials.

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