The Faye L. and William L. Cowden Charitable Foundation makes distributions on an annual basis. These grants are directed to 501(c)(3) organizations which fall within the principal charitable purposes of the foundation as outlined in Paragraph 2 of the document. This Paragraph reads as follows:
This trust is created and shall be operated exclusively for charitable, educational, scientific and religious purposes. Without limiting the generality of the foregoing, the principal purpose of this trust is to provide financial assistance, to be used in the State of Texas, to Qualified Organizations which direct their activities toward one or more of the following charitable purposes:
- The health, medical care and treatment and rehabilitation of children, including related medical research.
- The education of children and young adults, and the provision of special educational opportunities for young persons otherwise unable to afford them.
- The prevention of cruelty to children or animals.
- The protection and preservation of wildlife and natural areas.