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R E S O L U T I O N
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WHEREAS, Jack Swallow of Midland stepped down as president |
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and CEO of the Permian Basin Area Foundation on January 31, 2007, |
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concluding a highly successful 17-year tenure in that leadership |
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role; and |
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WHEREAS, Mr. Swallow was instrumental in establishing the |
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foundation, which facilitates the creation of permanent charitable |
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funds and provides grants to address changing community needs and |
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enrich the quality of life in the Permian Basin; founded in 1989 |
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with initial funding of $400,000, the foundation today has assets |
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totaling approximately $45 million with 198 permanent funds; and |
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WHEREAS, A graduate of Texas Tech University, Mr. Swallow |
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holds a bachelor's degree in administrative management and |
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previously worked in the oil and gas exploration industry; he has |
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served on numerous national, state, and local boards and in 2000 was |
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named Outstanding Fundraising Professional by the Association of |
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Fundraising Professionals; and |
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WHEREAS, In his capacity as president and CEO, Mr. Swallow |
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worked diligently to promote a philosophy of long-term philanthropy |
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in the West Texas region, and he may look back with pride on his |
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legacy of achievement; now, therefore, be it |
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RESOLVED, That the House of Representatives of the 80th Texas |
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Legislature hereby recognize Jack Swallow for his 17 years of |
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service as president and CEO of the Permian Basin Area Foundation |
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and extend to him best wishes for continued success and happiness; |
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and, be it further |
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RESOLVED, That an official copy of this resolution be |
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prepared for Mr. Swallow as an expression of high regard by the |
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Texas House of Representatives. |