Community Impact Giving About Us Search Fund Advisor Login Donate Waco Foundation manages more than $120 million in assets held in over 200 component funds, all for the purpose of improving quality of life in McLennan County. Waco Foundation is committed to protecting the long-term value of the assets entrusted to our care. The Foundation's Board of Trustees is responsible for managing all financial activity, including investments, grantmaking and gift acceptance. The Board's Finance and Investment Committees work hard to ensure excellent stewardship of the community's charitable dollars. Investment Committee: Monte Hulse - Chair Sherman Ayres Mike Bidwell Kyle Deaver David Dickson Malcolm Duncan, Jr. Brian Webb Finance Committee Members: Malcolm Duncan, Jr. - Chair Sherman Ayres Chris McSwain Click on the chart below to view financial information about the Foundation. Audited financial statements, prepared by Jaynes, Reitmeier, Boyd and Therrell, P.C., are available upon request. The Foundation's IRS Form 990 is available at our office and on Guidestar. Investments Waco Foundation is committed to protecting the long-term value of charitable assets under management. Proper stewardship of charitable dollars is essential to the Foundation's ability to build philanthropic funds in service to the community. Waco Foundation's investment goal is to earn a return that protects endowed funds' purchasing power over time and allows for a 5% spend rate to provide a steady stream of income to the organization or cause the fund supports. This is achieved with a carefully designed, diverse asset allocation strategy which includes both active and passive investment management and a balanced approach to managing risk and return. Investment Pools: Waco Foundation works with donors and fund holders to ensure appropriate investment options for the purpose and timing of each fund. The Foundation offers five investment pools to provide flexibility in terms of growth and income over a variety of time horizons. Permanent Horizon Pool: Consistent Income Over Time Intermediate-Term Pool: Intermediate Grantmaking Strategy Short-Term Pool: Current Grantmaking Strategy Growth Pool: Income Determined by Market Performance Investment Fees: Waco Foundation charges 75 basis points (or 0.75%) annually for investment fees and does not charge an administrative fee. One-fourth of the investment fee is charged quarterly, based on the fund’s quarter-ending market balance. This charge does not support all of the costs of the investment and administration of the funds, so Waco Foundation subsidizes the fees and administration through the Foundation's Unrestricted Fund. These fees are supported with the intention of passing the potential earnings on to charitable causes in the community. Spending Policy: Waco Foundation has established a spending policy to simplify the process of grantmaking each cycle. The spending policy designates up to 5% of total assets, as determined on a 28-trailing quarter period, for grantmaking. This policy applies to both Waco Foundation’s Unrestricted Fund and the endowed component funds under the Foundation's management. Get in touch Contact our team Interested in learning more or working with our Foundation? Let's talk! We look forward to hearing from you. Contact us About Us Mission & History Finances & Investments Staff & Board Annual Reports Careers News & Updates Contact Share this page Facebook Twitter Email CONTACT 1227 N. Valley Mills Drive Suite 235 Waco, TX 76710 admin@wacofoundation.org 254-754-3404 QUICK LINKS Donate Now Career Openings Stories & Insights Upcoming Events CONNECT Facebook Instagram © Waco Foundation | Privacy | Sitemap Site designed by Envision Technology Advisors