Community Foundations
Waco Foundation
WACO, TX
Total revenue
$8.6M
Total expenses
$7.2M
Net assets
$141.5M
Grants received
$11.4M
91 grants
EIN
746054628
Tax year
2023
Mission
As the community foundation serving mclennan county, texas, waco foundation is an independent public charity that stewards philanthropic resources from institutional and individual donors and directs their use for the benefit of community-based charities. The goal of waco foundation is to increase quality of life in the geographic area it serves, mclennan county. Waco foundation devotes the resources in its care to efforts that identify and address the community's greatest needs. Activities are governed by a voluntary, rotating board of trustees comprised of people from the community, which uses it variance power to ensure that the interests of the entire community are the focus of the work and that the work remains relevant over time.
Programs
3 programs
Duncan scholars program: this fund will take the place of the mac college money program and serves as an enhanced effort to increase college completion rates while eliminating student debt. Qualifying students graduating from waco high and university high schools are invited to participate in duncan scholars. Particpants receive one-on-one financial aid and college/career advising, access to emergency assistance fund and full-tuition scholarships for their first and second years at mclennan community college. In addition, students who continue their education through the unviersity center or baylor university are eligible to receive full-tuition for their last two years. During the 2024 tax year, 69 students participated in duncan scholars.
Organizational mission" program: this fund provides grants and services that promote nonprofit and public sector efforts to address community challenges. Program activities include, but are not limited to: (a) the award of small assistance grants to help nonprofits secure nonprofit management guidance, service or expertise. This includes help from a professional nonprofit consultant, topical trainings (e.g. Fund development, proposal writing) or professional development courses; (b) providing access to field/sector specific educational resources or the delivery of trainings intended to support community oriented problem solving and systems level strategizing (e.g. Meeting facilitation, racial equity)(c) the creation, identification, or sharing (via websites and newsletters) of resources and information on a variety of topics including but not limited to fund development, financial management and sustainability, leadership, best practices in nonprofit management, racial equity. (d) the delivery of a civic/community -oriented leadership skills development program.(e) supporting efforts to address early childhood quality of life factors
This includes all other funds owned and managed by waco foundation 244 designated, donor advised, scholarship, field of interest and discretionary funds.
Financials
FY 2023
Revenue
Expenses
People
15 listed
ASHLEY ALLISON
EXECUTIVE DIRECTOR
$213K
39.9 hrs/wk
VALERIE HOLLAND
DIRECTOR OF FINANCE (APR-AUG)
$56K
37.25 hrs/wk
CHRIS MCSWAIN
VICE CHAIR
—
2.5 hrs/wk
SOO BATTLE
SECRETARY/TREASURER
—
2.5 hrs/wk
MIKE BIDWELL
TRUSTEE
—
2.5 hrs/wk
MONTE HULSE
TRUSTEE
—
2.5 hrs/wk
KRISTEN MYNAR
TRUSTEE
—
2.5 hrs/wk
MIKE RAYMOND
TRUSTEE
—
2.5 hrs/wk
MELLI WICKLIFF
TRUSTEE
—
2.5 hrs/wk
AARON ZIMMERMAN
TRUSTEE
—
2.5 hrs/wk
DILLON MEEK
TRUSTEE
—
2.5 hrs/wk
CHARLES WILLIAMS
TRUSTEE
—
2.5 hrs/wk
MALCOLM DUNCAN JR
TRUSTEE
—
2.5 hrs/wk
ISABEL WEEDEN
CFO/COO (JAN - MAR)
—
37.25 hrs/wk
SHERMAN AYRES
CHAIR
—
2.5 hrs/wk
Independent contractors
NEUBERGER BERMAN
INVESTMENT MANAGEMENT AND ADVISORY FEES
Grants received
Showing 91 of 91
Funded by
$11.4M from 42 funders · 91 grants · 2017–2024
$4.1M · 6 grants · 2017–2022
$1.1M · 2 grants · 2017–2021
$1M · 1 grant · 2018
$785K · 2 grants · 2024
$505K · 2 grants · 2020–2022
$502K · 1 grant · 2023
$442K · 6 grants · 2020–2024
$300K · 3 grants · 2022–2024