Waco Foundation
- Company typePrivate
- Founded1958
- HeadquartersWaco, United States
- Headcount11–50
- GTM typeB2B and B2C
- OfferingServices
Waco Foundation firmographics
Firmographics- Name
- Waco Foundation
- Legal name
- Waco Foundation
- Website
- https://wacofoundation.org
- Company type
- Private
- Founded year
- 1958
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Ownership category
- akta.pro rank
Waco Foundation industry classification
Industry- Product category
- Community Foundation Services
- NAICS
- Grantmaking and Giving Services (81321)
- SIC
- Services-Social Services (8300)
- akta.pro primary industry
- Community Foundations (BPAGAKAB)
- akta.pro secondary industries
- Capacity Building & Nonprofit Infrastructure Funders (BPAGAKAO), Scholarship & Fellowship Foundations and Trusts (EDADAHAC)
Keywords
Where Waco Foundation is headquartered
LocationHeadquarters
- HQ city
- Waco
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Waco Foundation business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Others, Marketing or Sales, Technology or R&D, Infrastructure
Revenue model
- Fund Management Fees: Waco Foundation charges a flat fee based on fund type to cover administration, transactions, and investment management of component funds. Unlike for-profit entities, they do not charge separate fees for these services.
- Investment Management: The foundation manages charitable assets across five investment pools (Permanent Horizon, Intermediate-Term, Short-Term, Growth) with the goal of earning 5% plus inflation return. Board oversees all investment decisions through Finance and Investment Committees.
- Grants and Donations: The foundation receives donations and bequests from individuals and organizations. In 2024, the foundation invested $8.1 million into the community through grants and scholarships.
- Planned Giving Services: Facilitates deferred charitable gifts including bequests, beneficiary designations, and charitable trusts, often receiving estates gifts from donors who name the foundation as beneficiary.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| One time/ perpetual license | Pay-as-you-go | Donor Advised Fund - $5,000 minimum |
| One time/ perpetual license | Pay-as-you-go | Designated Agency Fund/Endowment - $10,000 minimum |
| One time/ perpetual license | Pay-as-you-go | Field of Interest Fund - $50,000 minimum |
| One time/ perpetual license | Pay-as-you-go | Scholarship Fund - $20,000 minimum |
| Subscription | Annual | Forever Fund Household Membership - $250/year |
| One time/ perpetual license | Pay-as-you-go | Designated Purpose Fund - $10,000 minimum |
Go-to-market motion3 records
Distribution channels5 records
Marketing channels7 records
Waco Foundation product offering
Product offeringCore offering
Waco Foundation is a community foundation that manages charitable assets on behalf of donors through Donor Advised Funds, endowments, scholarship funds, and field-of-interest funds. It invests roughly $8.1 million annually into McLennan County via competitive grants to nonprofits, scholarship and college-completion support through Duncan Scholars, planned-giving facilitation, and community-impact programs including the Forever Fund giving circle, Pie Society legacy society, Waco Empowered equity initiative, and the Avenue Nonprofit Center shared workspace.
Product overview
Waco Foundation is a community foundation serving McLennan County that operates as a unified platform of philanthropic services rather than a modular software product. The Foundation offers a comprehensive suite of programs including grantmaking, fund management (Donor Advised Funds, endowments, scholarships), planned giving facilitation, and cryptocurrency donations. Key programs include Duncan Scholars (college completion support), The Avenue Nonprofit Center (collaborative workspace), Forever Fund (young philanthropists giving circle), Pie Society (legacy giving recognition), and Waco Empowered (equity initiative). The Foundation also provides self-service portals for fund advisors and scholarship applicants, and accepts diverse asset types including stocks, real estate, business interests, and cryptocurrency. All services are integrated under the Foundation's mission to improve quality of life in McLennan County.
Differentiator
Problem solved
Functional benefit
Brands
- The Forever Fund: A member-supported giving circle established in 2024 to foster charitable giving among the next generation of Wacoans, combining $250 annual household memberships with concert event proceeds to fund local nonprofits.
- The Avenue Nonprofit Center
- Duncan Scholars
- Waco Empowered (WE)
- Pie Society
Products and services
- Grantmaking
- Donor Advised Funds
- Fund Management Services
- Planned Giving Program
- Cryptocurrency Donations
- Duncan Scholars
- Forever Fund
- The Avenue Nonprofit Center
- Pie Society
- Fund Advisor Portal
- Scholarship Portal
Quantifiable outcome
- 81% first-time college retention rate vs 62% Texas state average for Duncan Scholars
- +2 more outcomes
Companies that use Waco Foundation
Customer profileNamed customers6 records
Segments5 records
Ideal customer profiles5 records
Waco Foundation technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration6 records
Feature3 records
Waco Foundation partnerships and signals
Strategic signalPartnerships
Nine partnerships are on record, tiered core and minor.
- The Giving BlockcoreCrypto philanthropy platform partner enabling Waco Foundation to accept 80+ cryptocurrencies for tax-efficient charitable donations. The partnership facilitates electronic currency donations and provides automated tax receipt generation.
- Gemini Trust ExchangecoreCryptocurrency exchange partner supporting the acceptance of Bitcoin, Ethereum, and other digital assets for charitable giving through the Foundation's crypto donation program.
- Jaynes, Reitmeier, Boyd and Therrell, P.C.minorAccounting firm preparing audited financial statements for the Foundation.
- McLennan Community CollegecorePrimary partner institution for Duncan Scholars program, where students attend college debt-free with full tuition assistance and comprehensive support services.
- Texas Tech UniversitycoreUniversity partner offering full-tuition scholarships for Duncan Scholars through MCC's University Center for bachelor's degree completion.
- Tarleton State University at MCCcoreUniversity partner offering full-tuition scholarships for Duncan Scholars through MCC's University Center for bachelor's degree completion.
- Baylor UniversitycoreUniversity partner offering full-tuition scholarships for Duncan Scholars for bachelor's degree completion.
- Waco Independent School DistrictcoreWaco ISD high schools (University High and Waco High) partner to identify and select students for the Duncan Scholars program.
- Baylor University Office of External AffairsminorUniversity partner coordinating LeadershipPLENTY Institute program delivery and implementation in Waco, including program coordinators.
Scale indicators15 records
Recent moves7 records
Expansion highlights5 records
Waco Foundation competitors and assessment
Company assessmentDirect peers
- Tarrant County Community Foundation (Fort Worth): Community foundation providing DAFs, scholarships, and grantmaking in the Fort Worth/Tarrant County region. Direct peer comparable in mission and product offering, with similar single-county (or single-region) focus.
- Dallas Foundation: Texas-based community foundation managing charitable funds, donor advised funds, and competitive grantmaking in the Dallas region. Directly comparable product offering (DAFs, scholarships, planned giving) though with a metropolitan geography.
- Coastal Bend Community Foundation: Texas Gulf Coast community foundation with comparable donor advised fund, scholarship, and grantmaking programs. Direct peer at similar AUM scale serving a single regional geography.
- Amarillo Area Foundation: Texas Panhandle community foundation with a comparable single-mission focus on regional quality-of-life grantmaking. Highly comparable — Waco Foundation ED Ashley Allison previously served as VP here, and the two operate at similar AUM scale with overlapping donor advised fund, scholarship, and grantmaking programs.
- San Antonio Area Foundation: Community foundation serving the San Antonio region with a comparable mix of donor advised funds, scholarships, and grantmaking. Direct peer in Texas community foundation landscape with similar scale and program structure.
- Community Foundation of Texas (Austin): Central Texas regional community foundation offering donor advised funds, competitive grantmaking, and scholarship programs. Directly comparable in product set (DAFs, scholarships, planned giving) though serving a larger metro area.
Broad incumbents
- Silicon Valley Community Foundation: One of the largest U.S. community foundations with extensive DAF and scholarship programs. Comparable in product architecture and nonprofit capacity-building orientation but operates at substantially larger scale ($10B+ AUM) and serves a different geography.
- Schwab Charitable: National donor advised fund sponsor offering comparable DAF, investment, and grantmaking services with a low-friction digital platform. Important adjacent competitor for donor advised fund dollars that might otherwise flow to community foundations like Waco.
- Communities Foundation of Texas: One of the largest U.S. community foundations (>$3B AUM) serving North Texas. Comparable in core community foundation mission but operates at substantially greater scale with broader geographic reach and a more developed DAF platform.
- Greater Houston Community Foundation: Major Texas community foundation managing well over $1B in charitable assets. Comparable DAF/scholarship/grantmaking programs but operates as a much larger incumbent with regional rather than single-county focus.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Waco Foundation social profiles
Digital presenceWaco Foundation compliance and trust
Trust signalCompliance2 records
Waco Foundation financial estimates
Financial estimateRevenue estimate
Valuation estimate
Waco Foundation leadership team
Management profileNumber of profiles
Profiles10 records
Waco Foundation funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Waco Foundation M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Waco Foundation
What does Waco Foundation do?
Waco Foundation is a community foundation that manages charitable assets on behalf of donors through Donor Advised Funds, endowments, scholarship funds, and field-of-interest funds. It invests roughly $8.1 million annually into McLennan County via competitive grants to nonprofits, scholarship and college-completion support through Duncan Scholars, planned-giving facilitation, and community-impact programs including the Forever Fund giving circle, Pie Society legacy society, Waco Empowered equity initiative, and the Avenue Nonprofit Center shared workspace.
Is Waco Foundation a public or private company?
Waco Foundation is a private company. It is classified as nonprofit foundation owned and is currently operating.
When was Waco Foundation founded?
Waco Foundation was founded in 1958. It employs 11 to 50 people.
Where is Waco Foundation based?
Waco Foundation is headquartered in Waco, United States, in the North America region.
How does Waco Foundation make money?
Four revenue lines are on record. Fund Management Fees are the primary driver. The others are investment Management, grants and Donations and planned Giving Services.
Who are Waco Foundation's main competitors?
Direct peers on record are Tarrant County Community Foundation (Fort Worth), Dallas Foundation, Coastal Bend Community Foundation, Amarillo Area Foundation, San Antonio Area Foundation and Community Foundation of Texas (Austin). Broad incumbents are Silicon Valley Community Foundation, Schwab Charitable, Communities Foundation of Texas and Greater Houston Community Foundation.
Does Waco Foundation have an API?
No public API is recorded for Waco Foundation.
What industry is Waco Foundation in?
Waco Foundation's product category is Community Foundation Services. Its primary akta.pro industry code is BPAGAKAB, Community Foundations, with a secondary code of BPAGAKAO, Capacity Building & Nonprofit Infrastructure Funders. Its NAICS code is 81321 and its SIC code is 8300.