TX 501(c)(3)

WACO FOUNDATION

WACO, TX Founded 1963 EIN 746054628
T310: Philanthropy, Voluntarism, Grantmaking $7,522,031 budget Filed 2023 80% data quality

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.

Sign up free to add to peer list Visit website Contact
Total received from foundations
$13.7M
84 grants from 35 funders · 2016–2024
Annual revenue
$11,751,252
Annual expenses
$7,522,031
Total assets
$127,546,392
Months of operating reserves
203.5
assets / monthly burn
Funding history · IRS 990-PF public records

Who funds WACO FOUNDATION

$13.7M
Total received
35
Distinct funders
84
Grants on record
2016–2024
Span of records

Top funders by cumulative giving

  1. 1
    WF ASSETS INC
    Waco, TX · 6 grants · last 2023
    $4.13M
    cumulative
  2. 2
    BILL & MELINDA GATES FOUNDATION
    Minneapolis, MN · 3 grants · last 2024
    $2.59M
    cumulative
  3. 3
    MARK AND MARY ANN KAUFMAN FOUNDATION
    Chicago, IL · 2 grants · last 2018
    $2.00M
    cumulative
  4. 4
    NATIONAL CHRISTIAN CHARITABLE FOUNDATION
    Alpharetta, GA · 2 grants · last 2020
    $1.17M
    cumulative
  5. 5
    The Fentress Foundation
    Waco, TX · 1 grant · last 2022
    $1.08M
    cumulative
  6. 6
    VANGUARD CHARITABLE ENDOWMENT PROGRAM
    Malvern, PA · 2 grants · last 2023
    $505K
    cumulative
  7. 7
    Houston Endowment Inc
    Dallas, TX · 6 grants · last 2024
    $490K
    cumulative
  8. 8
    STILL WATER FOUNDATION II
    Abilene, TX · 3 grants · last 2023
    $300K
    cumulative
  9. 9
    MADISON ALEXANDER COOPER AND MARTHA ROANE COOPER FOUNDATION
    Waco, TX · 4 grants · last 2023
    $204K
    cumulative
  10. 10
    RAYMOND JAMES CHARITABLE ENDOWMENT FUND
    St Petersburg, FL · 1 grant · last 2020
    $178K
    cumulative
  11. 11
    Valley Baptist Legacy Foundation
    Houston, TX · 2 grants · last 2023
    $170K
    cumulative
  12. 12
    EPISCOPAL HEALTH FOUNDATION
    Houston, TX · 5 grants · last 2022
    $165K
    cumulative

Where the money came from (United States)

Texas counties the money came from

8 TX counties with funders on record
  1. 1 McLennan 36 grants · $5.7M
  2. 2 Dallas 14 grants · $651K
  3. 3 Harris 10 grants · $357K
  4. 4 Taylor 3 grants · $300K
  5. 5 Tarrant 1 grant · $75K
  6. 6 Wichita 1 grant · $20K
  7. 7 Travis 1 grant · $10K
  8. 8 Lubbock 1 grant · $10K
For grant reviewers

Filing and contact details

Officer
MALCOLM DUNCAN JR
TRUSTEE
Contact email
admin@wacofoundation.org
Last 990 filed
2023
most recent IRS filing
Year founded
1963
IRS ruling year
EIN
746054628
NTEE classification
T310
Philanthropy, Voluntarism, Grantmaking
From Form 990

Programs and activities

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 B
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
THIS INCLUDES ALL OTHER FUNDS OWNED AND MANAGED BY WACO FOUNDATION 244 DESIGNATED, DONOR ADVISED, SCHOLARSHIP, FIELD OF INTEREST AND DISCRETIONARY FUNDS.
Data provenance

About this profile

Built from the IRS Business Master File, Form 990 and 990-EZ filings, and public website enrichment. Funding history is derived from IRS Form 990-PF Schedule I grant records for private foundations. Data accuracy depends on how recently the organization filed. The data-quality score reflects how many fields are populated.

See something out of date? Email tips@grantdrop.com.