Seeing Opportunity
in Our Community
.
Annual Report
2010 2011
Our mission is to make
a positive difference in the lives and
future of the people in Waco and McLennan
County through grantmaking, promotion of
community philanthropy and support of the
not-for-profit sector.
But how do we know where to give and how
to create and expand the benefits of those
doing the most to help Waco? We are
dedicated to the the community we serve.
We serve as a partner by listening, dialoguing
and researching our local community – tapping
advice from community leaders and seeking
guidance from nonprofits who carry
out the charitable work we fund.
Waco Foundation by numbers
FYE assets under management$63,408,938
Number of funds Grants awarded since 1958
MAC scholarships awarded since 1996
151
$38,496,840.71
$5,100,673.93
Dear Friends,
As the community foundation for McLennan County, Waco Foundation serves as a
convener of the great minds and efforts of many who want to give their wealth and energy
to help make our community a better place. We had an exciting year, partnering with great
organizations and individuals to address tough community problems and enhance several
promising opportunities.
Waco Foundation holds over $60 million in assets donated by people and organizations in
the community, and our board is charged with investing the assets and proceeds in ways
that yield the highest community benefit. In addition to providing approximately $900,000
annually in grants to local charities through our traditional grantmaking, we worked with
others to produce valuable impact on the Waco community:
• We helped over 2,000 students apply for financial aid and scholarships through our
MAC Scholarship Program, garnering over $4 million in federal support to help pay
tuition at MCC and TSTC, and we worked with a donor collaborative to provide over
$300,000 in scholarships to local students with financial need;
• We developed alternative investment pools to satisfy a range of donor and fundholder
needs, with our investment portfolio earning 13.5%;
• We established funding to support the overhead expenses of the Greater Waco
Community Education Alliance as one of many partners working to sustain the efforts
started by Virginia Dupuy, former Waco mayor who now serves as its volunteer
executive director;
• We provided staffing and support to Today’s Action Tomorrow’s Leaders, an effort
stemming from the Waco Community Visioning Project, for which a community
Steering Committee is developing plans to ensure that Waco has pipelines for mining
talent and coaching leaders for our future; and
• We gave capacity building mini-grants to over 30 individuals with nonprofit
organizations and hosted over 15 workshops to support training and help with strategic
planning, board training, fundraising, legal issues and financial management.
In simplest terms, Waco Foundation responds to need by aligning our funding, assets,
board knowledge, staff skills and overall effort to be of the highest use to those doing the
most to help Waco.
As our Board is interested in our work being highly relevant to the community, we welcome
your comments and suggestions about our work and community needs. Please feel free
to contact our staff at any time if you would like to know more, or if you are interested in
learning how Waco Foundation can serve you.
Sincerely,
Tom Salome
Chairman of the Board 2009-2011
Ashley Allison
Executive Director
3
+
Board
Waco Foundation Board of
Trustees and staff would like
to thank Tom Salome, Beth
Mayfield and Bill Pakis for the
past 10 years of hard work and
dedication they have given to
Waco Foundation.
We would also like to
welcome incoming board
members Steve Cates, Kyle
Deaver and Kris Olson.
2010-11Chairman
Tom Salome
President
M. Lipsitz and Company
Bill Pakis
Beth Mayfield
Attorney
Retired
Community Volunteer
Betty Bauer
Cara Chase
David Dickson
Jim Hawkins
2010-11 Secretary/
Treasurer
Jim Haller
2010-2011 Vice
chairman
Lisa Jaynes
Community
Volunteer
Chairman
J-Hawk
Funding
Corporation
Attorney
Naman, Howell,
Smith, and Lee,
L.L.P.
Executive Vice President
First National Bank
of Central Texas
Attorney
Beard, Kultgen,
Brophy, Bostwick
& Dickson, L.L.P.
CPA
Maggie Stinnett
Caseworker Supervisor
McLennan County
Juvenile Probation
Former Trustees Norman Adamson • Sharon Allison • Rick Bostwick • Nancy Callan • Jafus Cavil • Penny Chase •
Jim Clifton • Tom Collins • Jean Darden • Virginia DuPuy • Jean Eastman • Louis Englander • Woody Englander
• Artie Giotes • Priscilla Gutierrez • Harry Harelik • Gay Lynn Hooks • David Horner • Bill Kelly • Luanne Klaras
• David Lacy • Frank Levy • J.J. Mays • John McDonald • Ada Patton • Art Pertile •Al Pollard • Randy Preddy
4
+
Staff
Executive
Ashley Allison
Executive Director
Administrative
*
Erica Ancira
Director of Technology
& Administration
*
Jana Bland
Assistant to the
Executive Director
Leslie Mitchell, CPA
Director of Finance
Claire Moncla
Coordinator of Marketing
& Communications
Shared with the Education
Alliance
Program
*
Robbie Stabeno
Director of Scholarships
Ashley Weaver
Director of the
SmartBabies Initiative
Eric Wyatt
MAC & Scholarship
Coordinator
Nicole Wynter
Director of Special Projects
* Hired after 3.31.2011, but currently on staff
Nelwyn Reagan • Norma Rhodes • C.Cullen Smith • David Smith • Jim Stewart • Pat Taggert • Hal Whitaker
• Gerald Winchell • Esther Wolf Founding Trustees J. Sullivan Bond • E.B. Burleson • H.M. Fentress • Howard
Hambleton • Hilton E. Howell • Walter Lacy, Jr. • Lee Lockwood • Jean McReynolds • Mrs. James Mixson • H.
Hart Nance • Winthrop Seley • Joe L. Ward, Jr.
5
Spot
lights
Investment
Consultant Brian
Crawford
On February 23, 2011, Waco Foundation
Board of Trustees hosted a Philanthropy
Forum to honor and inspire our donors,
fundholders and supporters while
celebrating local philanthropy. Guest
speaker Dr. Claire Gaudiani delivered an
inspirational message to the crowd of almost
100 who gathered to celebrate Waco’s
great spirit of philanthropy. In her message,
she reminded us that philanthropy is not
merely a nice thing that is helpful to the
American economy, but that it is because
we believe in helping one another that
America is a great nation.
She challenged Waco to show the rest of
the country how local communities can solve
chronic poverty and praised the generosity
and ingenuity of our many innovative
philanthropic projects and philanthropists.
In 2007, Waco Foundation began implementing a
strategy to restructure its investments and finances due
to the growth of the portfolio, the changing tax laws
and investment classes and the need to ensure an
appropriate balance of risk and return in an age of
increased complexity.
On December 8, 2010, our investment consultant,
Brian Crawford of Colonial Consulting, joined Ashley
Allison, Executive Director, to present information about
the Foundation’s portfolio, investment philosophy and
recent and anticipated future performance during the
Investment Forum.
The Foundation’s long term goal continues to be to
earn a return of between 8.25% and 9.00%, with an
annual distribution of approximately 5% of income.
Performance over the past three years indicates that
Waco Foundation will be able to meet the overall
objective: to maintain the purchasing power of funds in
our care over time.
Waco Foundation offers donors the choice to donate
to endowed (permanent) funds or non-endowed (nonpermanent) funds.
The event provided an opportunity for Waco
Foundation to educate fundholders about increased
investment options and share the policies regularly
reviewed by the board to ensure proper stewardship.
Find out more on philanthropy on pg. 10
Find out more on our financials on pg. 24
Dr. Claire Gaudiani & Janet Nors, Meals on Wheels
6
Chuck Loring
Local board members at “Purposeful
Boards, Powerful Fundraising”
On January 25, 2011, the Foundation
partnered with Jaynes, Reitmeier, Boyd and
Therrell, P.C. to bring acclaimed speaker Chuck
Loring to Waco. Mr. Loring, senior partner at
Loring, Sternberg and Associates and Senior
Governance Associate for BoardSource,
presented a workshop entitled “Purposeful
Boards, Powerful Fundraising.”
Executive staff and board members of some
of Waco’s most prominent nonprofits attended.
Praised by some as the “best workshop I’ve ever
attended in Waco,” board members and staff
alike walked away from the experience with the
tools needed to assess board performance,
prioritize steps for improvement and identify
ways they can change their board’s culture
and activities to better achieve their individual
missions.
Find out more on capacity building on pg. 13
An engaged child at a local child development organization
In 2009, the Foundation commissioned a study to the Texas Early Childhood Education Coalition,
which developed a central baseline for understanding the current state of the youngest residents in
McLennan County. This study looked at various risk factors, resulting in the development of an Early
Childhood Quality of Life Index (QLI). Indicators calculated were related to health and behaviors
of at-risk mothers, such as teen births, prenatal care, fetal deaths, infant death rate, low birth rate
and preterm births. Overall, out of a 100-point scale, using the 12 risk factors most closely linked to a
child’s health and educational development, McLennan County has an average quality of life score of
41.67%. Based on this study, Waco Foundation will embark on a long-range, comprehensive plan that
seeks to take the next steps in implementing positive change in the most vulnerable and at-risk areas of
early childhood in McLennan County.
Waco Foundation is launching the SmartBabies Early Childhood Initiative for children in the Waco
community ages 0-3. This initiative will have 3 goals: to create and maintain an inventory of local early
childhood programs and resources; to promote general awareness within the community about the
issue of early childhood development and parent engagement; and to facilitate the development and
implementation of a strategic plan that will raise the Early Childhood QLI by 10% within five years in all
zip codes where the QLI is below the County’s overall score of 41.67%. Ashley Weaver, former Project
Coordinator for the Education Alliance, will now be the Director of this program.
Find out more on our passion for education on pg. 19
7
Some might
have seen
a transportation
problem
We saw
an opportunity
for strategic
philanthropy
8
YMCA of Central Texas
Children from the YMCA After School Program thanking
Waco Foundation for the grant for this YMCA minibus
Strategy
9
Grant
making
Organization
Project
Camp Fire USA Tejas Council
Organizational Development
$34,898.00
Christian Women’s Job Corp of
McLennan County
Job Training Internships
$15,000.00
Community Race Relations Coalition
Race Relations Project
$2,000.00
Community Training Center, Inc.
After School Tutoring and Summer
School Programs
$23,500.00
Dr. Pepper Museum and
Free Enterprise Institute
Phase III Expansion
$25,000.00
Kids & Company
Early Childhood Playground
$10,000.00
All-Steinway Piano Initiative
$100,000.00
Special Needs For Foster Children
$12,000.00
Meals on Wheels
Client Services Director - Partial
Salary
$25,000.00
Potter’s Vessel Ministries, Inc.
Two-Day Charitable Dental Clinic
$30,000.00
Southern Little League, Inc.
Renovation of Baseball Fields
$28,000.00
The Junior League of Waco
Clifton House Preservation
$25,000.00
The Salvation Army - Waco Corps
Men’s Shelter and Community
Kitchen
$20,000.00
Waco Humane Society
Spay and Neuter Program
$10,000.00
YMCA of Central Texas
Minibus
$51,867.00
McLennan Community
College Foundation
McLennan County Protective
Services Board
TOTAL AMOUNT AWARDED
Organization
10
Amount
$412,265.00
Project
Amount
Cameron Park Zoo
Special Events Pavilion
$75,000.00
Family Abuse Center
Evaporator Coil/Gas
Furnace Replacement
$27,990.00
Fuzzy Friends
New Kennels and Flooring
$34,457.60
Planned Parenthood of Central Texas
Exam Room Addition to Mary Ruth
Duncan Health Center
$51,765.87
Talitha Koum
Early Childhood Brain Development
Symposium
$40,221.00
Waco Community Development
East Waco Community
Development Plan
$94,600.00
Waco Habitat for Humanity
Neighborhood
Revitalization Initiative
$21,031.00
TOTAL AMOUNT AWARDED
Grants Awarded
Spring 2010
Grants Awarded
Fall 2010
$345,065.47
The plan is two-pronged, focusing on parental engagement
t and
FYE 3.31.2011 Grants Distribution by Classification
Aging
Animal Related
Child Abuse/Neglect
Civic Engagement
Community Development
Early Childhood
Education
Health
Housing
Pregnancy Prevention
Nonprofit
Spotlight
Michael Stone,
WCD Executive
Director, explains an
East Waco
housing map.
After the success of Waco Community
Development’s (WCD) North Waco
development plan, Waco Foundation has
now given WCD a grant to carry out its
East Waco plan.
The plan is two-pronged: focusing on
parental engagement and neighborhood
revitalization strategy. Walker Moore, Lead
Community Organizer, says “Neighborhood
beautification is more than bricks and mortar.”
WCD also provides services such as homebuyer
education and financial literacy classes.
11
Laveda Brown, President/CEO
Cen-Tex African American Chamber of Commerce
TATL Steering Committee Member
Some might
see just one
woman
12
Support
Capacity
Building Program
We see an Capacity
lopportunity to
extend the
reach of
a leader
Building
Capacity Building is a term used in the charitable sector which describes activities that are
designed to help improve a nonprofit’s ability to meet its mission. Capacity building services
are distinguishable from direct program services or capital expenses, in that they typically
seek to increase knowledge, skill level or efficiency. Capacity Building is an essential
component of the nonprofit sector, as it enables nonprofits to effectively carry out their
charitable missions and maximize the value of the donations given to them by the community.
Capacity Building Program Services
Mini-Grants
Waco Foundation funds initiatives that foster agency development, as well as the efficient
delivery of programs and services through a mini-grant program (typically $2,000 or
less). Award recipients for this fiscal year include:
•
•
•
•
•
•
•
•
Care Net Pregnancy Center
Central Texas Association of Fundraising Professionals
Freeman Center
Heart of Texas Council on Alcoholism and Drug Abuse (HOTCADA)
McLennan County Hunger Coalition
Talitha Koum Institute
Waco Community Development
Today’s Action
World Hunger Relief
McLennanNonprofits.com Website & Newsletter
We support a website to provide a central
resource of capacity building information
for the local nonprofit community: offering
information on nonprofit management,
regional
professional
development
and training opportunities, area job
listings and a community calendar. The
accompanying newsletter highlights the
local and regional training opportunities
of the month.
Tommorrow’s Leaders
As a product of the Community Visioning
Project launched in 2006, the Today’s Action
Tomorrow’s Leaders Steering Committee was
convened to ensure that the Waco area has
pipelines of leadership to provide the planning
and programming needed to ensure that Waco
has a diverse pool of individuals trained and
capable of providing community and civic
leadership in the future. Waco Foundation
Capacity Building Program is a partner,
providing staff support and funding for this
effort shared by the full community.
13
Professional Development
Regularly, we support the costs of bringing in
nationally-recognized speakers for Capacity
Building Continuing Education classes for
nonprofit boards and staffs. The 2010-2011
line-up included:
• MCC Nonprofit Management Certificate
• OneStar Foundation & Center for Nonprofit Management – Effective Governance
Series
• Logic Models for Program Evaluation
• Purposeful Boards, Powerful Fundraising
• Fundraising for Grassroots Organizations
& Communities of Color
Basic Trainings on the Nonprofit Sector
In collaboration with the Grants Resource
Center at the Waco-McLennan County
Library, we offer free monthly programs or
webinars on nonprofit management, such as:
•
•
•
•
•
•
•
•
•
•
•
Before You Seek a Grant: Checklist for
New Nonprofits
Grant Seeking Basics
Fundraising in a Challenging Economy
Fundraising When Money is Tight
Introduction to Fundraising Planning
Proposal Budgeting Basics
Introduction to Corporate Giving
Navigating Government Grants
Your Board and Fundraising
Navigating the Foundation Center
Database
Finding Funders
Grantwriting &
Facilitation
We continually look for opportunities to encourage both collaboration
among area nonprofits and the generation of funds from outside
agencies to help address area challenges. To assist the public and
private agencies serving homeless populations in Waco, the Foundation
engaged a grantwriter to help our community develop a Continuum of
Care application for Homeless Assistance to the Department of Housing
and Urban Development (HUD). The grants, which bring in an average of $300,000 annually in
operating support to local organizations, are allocated by HUD as a means of encouraging the
planning and coordination of activities that center around housing and homeless issues.
43
Nonprofits served by the Capacity Building Program
Advocacy Center
Animal Birth Control Clinic
AVANCE Waco
Called to Change
Cameron Park Zoo
Campfire Waco
Care Net Pregnancy Center
Caritas of Waco
Cen-Tex African American Chamber
of Commerce
City of Waco
Communities in Schools
Compassion Ministries
Dr Pepper Museum
East Waco Community Center
14
Empowerment Driven by Knowledge
FaithWorks
Family Abuse Center
Friends of the Waco-McLennan Co. Library
The Freeman Center
Habitat for Humanity
Historic Waco Foundation
HOTCADA
HOTMHMR
HOT Urban Gardening Coalition
Humane Society
Kids and Co.
Lutheran Social Services
McLennan County Hunger Coalition
Meals on Wheels
Mission Waco
Planned Parenthood
Restoration Gateway
Restoration Haven
Salvation Army
Shepherd’s Heart
Smart Start Child Care Assn
St. Luke’s AME
St. Paul’s AME
Talitha Koum Institute
Texas Sports Hall of Fame
Waco Cultural Arts Fest
Waco Community Development
World Hunger Relief
Some might
see an excellent
educational
institution
We see
how scholarships
can give our next
generation an
excellent
education
Scholarship
15
MAC Scholarship
Program
The MAC Scholarship Program was created to ensure that all McLennan
County high school graduates have access to financial assistance
to accomplish their dreams of pursuing higher education. Robbie
Stabeno, Director of Scholarships, spends most of her days directly
working with students and families, helping them file applications
for Pell Grants. MAC sees approximately 1,500 families a year.
This year, MAC helped 2,353 students who graduated from
McLennan County Schools, which resulted in approximately $4
million of federal aid. MAC also provides MAC Grants, donated by Malcolm and Mary Ruth
Duncan, to students enrolling at MCC or TSTC. MAC Grants are funding for tuition that is not
covered by other grants or scholarships.
MAC also provides $5,000 MAC Scholarships for the third and fourth year students in the
MAC Scholarship Program who have at least a 3.0 GPA. All but one of the 3rd and 4th year
scholarship recipients since 1997 have received an undergraduate degree, and many go on to
graduate school and careers here in Waco.
MAC Scholarships are possible
because of the generosity of :
• Baylor University
• Clifton and Betsy
Robinson
• Bernard and Audre
Rapoport Foundation
• Passport to Success
Foundation
(established by the
Meyer Family)
• Waco Foundation
MAC
Snap
Shot
McLennan high school seniors who received MAC Grants.
554
Federal and State Aid accessed.
$4,094,760
32 Program participants who were awarded MAC Scholarships.
Awarded since MAC Scholarship Program began.
$5,100,673.93
16
Student
Spotlight
In May 2011, Brandon J. Wilcoxson graduated with honors from Texas A&M
University with a Bachelor of Science degree in Biomedical Engineering
and a minor in mathematics. Following his graduation he will begin
his first year of medical school at the University of Texas Health Science
Center in Houston, Texas.
Over the past four years, Brandon has spent each summer and winter break
working diligently to attempt to earn the money needed to pay for each
semester at A&M. Despite his more than full-time summer work, he was
never able to earn enough money to pay for each semester. The MAC Grants and Scholarships
that he received from Waco Foundation always made up the difference that remained.
With the help of the MAC Scholarship Program, it was not necessary for Brandon to work
during the fall and spring semesters. This gave him the time that he needed to focus on his
school work, while also being able to get involved with student organizations and activities on
campus, more specifically, the Corps of Cadets and the Fightin’ Texas Aggie Marching Band.
“”
Waco Foundation did not just provide
me with a scholarship; they gave me the
opportunity to take advantage of the
learning experience that comes with being
a college student, which has helped me
realize my dream of becoming a medical
doctor.
~Brandon Wilcoxson
MAC Grant Donor Malcolm Duncan gives out an award
Donor Spotlight
In 2011, Baylor University
increased the full tuition
scholarships they donate to:
Brothers, Joshua and Jordan Finstad, both received
the full tuition Baylor scholarship through MAC Joshua in 2007 and Jordan in 2009.
33aa year!
year.
17
Some might
see a child
enjoying a
book
Child reading during Block Fest
2010 Education Summit
We see
how education
will vitally
impact that
child’s life
18
Service
Education
Alliance
Waco Foundation is the fiscal agent and a community partner in the Education Alliance.
Overview
The Greater Waco Community Education
Alliance emerged from the Community
Visioning Project and was formalized in 2009,
gaining former Major Virginia Dupuy as its
volunteer executive director. It is a collaboration
of community leaders in areas like higher
education and business who are strategically
aligning to engage the community, facilitate
systemic change and maximize resources.
Mission
To develop the understanding that the entire
community shares the responsibility for
educating every citizen.
Dr. Sharon M. Shields
La Vega Superintendent
“I attended college to be an educator.
However, a majority of the stakeholders of
the Education Alliance are not professional
educators. But, they actively support and
embrace the Alliance’s Assumptions. The Waco
area is blessed to have community members
from all walks of life who understand that it takes
us working together strategically to ensure that
ALL children receive a quality educational
experience and increase their opportunities to
become productive citizens.”
The Education Alliance Coordinating Board of
Underwriters was formed to strengthen the ability to
support community goals and sustain the work of the
Education Alliance.
The Best Practices Reading Program, started in 2009
by Ashley Weaver, expanded its services at J.H. Hines
and La Vega Intermediate School.
The Education Alliance Community Parent Leadership
Partners were formed to begin the work of reaching
out and engaging parents in the community.
2010-2011
Activities
<
Annual Education Summit
The third annual Greater Waco Community Education Summit, conducted November 17-19,
2010, brought together over 600 attendees—both workers in the community and national
experts in education and workforce development. With local activity attracting the attention
of the co-founders of the national organization, Birth2Work, both Rick Stephens and Elane V.
Scott addressed the Summit in general sessions and a breakout forum.
The Summit also featured 17 exceptionally well-attended breakout sessions delivered by a
multitude of community stakeholders, students and leaders.
19
Our
Assumptions
The expectation of the Education Alliance
is that our community will best equip students
for meaningful work as adults by ensuring
children fulfill the assumptions below.
Alliance Underwriters
Assumption 1, Ages 0–4:
Arrive at School Ready to Learn
20
Assumption 2, Ages 5–8:
Read on Grade Level
Assumption 3, Ages 7-14:
Master Math Skills
Assumption 4, Ages 12-16:
Develop Career Skills
Assumption 5, Ages 13-19:
Persist and Succeed
Assumption 6, Ages 13-19:
Develop a Financial Plan
Assumption 7, Ages 17-19:
Graduate Prepared
Assumption 8, Ages 19 +:
Continue Educational Success
Alliance Bank
Ambassador Lyndon Olson
American Bank
Baylor University
BBVA Compass
Center for Occupational Research
and Development
Central National Bank
Central Texas African American Chamber
of Commerce
City of Waco
Clifton Foundation
Community Bank and Trust
Cooper Foundation
DuPuy Oxygen & Supply
Education Service Center Region 12
Extraco Bank
Family Health Center
Fidelity Bank
First National Bank of Central Texas
Greater Waco Chamber of Commerce
Heart of Texas Workforce Development
Board, Inc.
HEB
Hillcrest Healthcare System
Independent Bank
La Vega ISD
Mayor Jim Bush
McLennan Community College
McLennan County
Midway ISD
National Banks of Central Texas
Providence Healthcare Network
Rapoport Foundation
Salome Investments
Synergy Bank
Texas First
Texas State Technical College Waco
Waco Foundation
Waco ISD
Wells Fargo
Funds
Donor Advised Funds
Alford Family Fund
Allison Family Fund
Joe E. Baxter, Sr. and Bessie Dunkle Baxter Fund
Brown Family Fund
Brownfield Family Fund
Frances Callan Fund
Nancy and Woody Callan Fund
W. Lacy Clifton Fund
Diane G. Cox Fund
Dickson Family Fund
Dossett Family Fund
Malcolm and Mary Ruth Duncan Fund
DuPuy Family Fund
Chase Family Fund - II
Rondy and Jackie Gray Fund
Judy and David Guyer Fund
Harelik Family Fund
Nell and Jim Hawkins Fund
Hersh Family Fund
David and Lorraine B. Hoppenstein Fund
Horner Family Fund
Insurors of Texas Fund
JSJH Fund
Jairus Fund
Lisa and Larry Jaynes Fund
Jim and Mary Lacy Chase Fund
Wilbern and Francis Kienitz Foundation Fund
Ann and Roane Lacy, Jr. Family Fund
Englander Family Fund
Lundeen Family Fund
Mayfield Family Fund
Diane and Bob McEachern Fund
Moss Family Fund
Bill and Margaret Pakis Fund
Pitts Family Fund
Ross and Nelwyn Reagan Fund
Robinson Family Fund
Louise Rockey Fund for Ovarian Cancer Research
Salome Family Fund
Adrian and Carol Schmidhauser Fund
Eric A. Schmidhauser Fund
Donal and Johnnie Sharp Fund
Heyward and Brooke Taylor Family Fund
Tom and Helen Chase Fund
Dorothy and Charles Turner Fund
Williams Family Fund
Bill and Shirley Williams Family Fund
Endowments for Designated
Agencies or Purposes
Annie Hattie Turner Fund
Bob and Alice McKinney Public Library Fund
Campfire USA, Tejas Council - Pat and Goodson McKee
Endowment Fund
Duncan Fund
Historic Waco Foundation Fund
McLennan County Library Endowment Fund
Rodney and Nan Brown Family Fund (Seventh & James Baptist
Church)
Waco-McLennan County Library Margin of Excellence Fund
Designated Agency Funds (Quasi-Endowed)
Advocacy Center for Crime Victims and Children Fund
Art Center Waco Fund
Dr. Brian Aynesworth Memorial Library Fund
Boys & Girls Clubs of Waco Fund
Cameron Park Zoological and Botanical Society Fund
Care Net Pregnancy Center of Central Texas Endowment Fund
Caritas - Esther and Eugene Jud Endowment Fund
Communities In Schools of the Heart of Texas Fund
Community Cancer Association Endowment Fund
Community Race Relations Coalition Endowment Fund
Compassion Ministries Endowment Fund
Dorothy Crippen Hurd Scholarship Fund
Dr Pepper Museum and Free Enterprise Institute Endowment Fund
Family Counseling and Children’s Services of Waco, Texas, Inc.
Endowment Fund
Family Health Center Fund
First Baptist Church of Waco Foundation Fund
First Baptist Mission Fund
First Baptist Church of Waco Horner Mission Fund
The Freeman Center Fund
Fuzzy Friends Rescue Endowment Fund
Girl Scouts - Bluebonnet Council, Inc. Endowment Fund
Heart of Texas Honor Flight Fund
Junior League of Waco Community Projects Fund
Junior League of Waco Clifton House Fund
Kathryn Ann “Kitty” Hawk Tunmire Family Abuse Center
Endowment Fund
McLennan Community College Foundation Fund
Meals on Wheels (Central Texas Senior Ministry) Endowment Fund
Melanie Popejoy Girls’ Choir Fund
Mission Waco Endowment Fund
NeighborWorks Waco Fund
Planned Parenthood of Central Texas Endowment Fund
Rodney and Nan Brown Family Fund
TSTC Regents Circle Inc. Scholarship Endowment Fund
United Way of Waco-McLennan County Unrestricted General Fund
Vanguard Foundation Endowment Fund
Vanguard Building Maintenance Endowment Fund
Waco City Council PTAs Endowment Fund
Waco Civic Theatre Fund
Waco Family Y Fund
Waco Family YMCA Building Fund
Waco Humane Society Animal Shelter Fund
Waco ISD Education Foundation Endowment Fund
Waco Symphony Association Fund
Waco Public Library Fund
Waco Symphony Council Conductor’s Chair Fund
Waco Symphony Martha G. Beard Concertmaster Chair Fund
Waco Symphony Youth Orchestra Scholarship Fund
Woodway Foundation Endowment Fund
YMCA Dr. Mae Jackson Memorial Scholarship Fund
21
Other Designated Purpose Funds
Big Brothers Big Sisters of Waco Fund
Branding the Brazos - Doris Miller Statue Fund
Cameron Park Centennial Celebration Fund
Campfire USA, Tejas Council Fund
Caritas of Waco, Inc. Capital Campaign Fund
Early Childhood Fund
Greater Waco Community Education Alliance Fund
Greater Waco Community Education Summit Fund
Mark and Esther Wolf Charitable Fund
McLennan County Peace Officers Memorial Fund
Nonprofit Institute Fund
Solide, Inc. Fund
Waco Cultural Arts Fest - Branding the Brazos Fund
Waco Foundation Capacity Building Program Fund
New Funds
FYE 3.31.2011
Care Net Pregnancy Center of
Central Texas Endowment Fund
Caritas of Waco, Inc. Capital
Campaign Fund
Eleanor Lou Collins Fund for
Historic Preservation
Jairus Fund
JSJH Fund
Field of Interest Funds
Beautification Fund
Jerry and Barbara Burks Fund for Children
Children and Youth Fund
Lou and Tom Collins Fund For Early Childhood Development
Eleanor Lou Collins Fund for Historic Preservation
Fund for Women
McLennan County Medical Society Fund
Scholarship Funds
MAC Scholarship Fund
A.J. Moore High School Alumni Association Scholarship Fund
Bradley Billington Scholarship Fund
Caroline E. and Emanuel M. Corwin Tennis Scholarship Fund
First Baptist Church Foundation Jason Douglas Ranton Scholarship Fund
Greater Zion Missionary Baptist Church Clarence and Velma Simmons Academic
Scholarship Fund
The McLennan County Cardio-Pulmonary Foundation - Crosthwait Education Fund
Moody Scholarship Fund
Proyecto Adelante - Dr. George Villa, Sonny Juarez and Gerald Villarrial Scholarship Fund
Passport to Success Funds:
Passport to Success Scholarship Fund
Emma Ballard Nursing Scholarship Fund
Dr. Delton Chesser Accounting Scholarship Fund
Passport to Success General Fund
Gladys Hudson Scholarship Fund
Isabelle Rutherford Meyer Nursing Fund
Waco Jaycees Scholarship Fund
J. Clifton Williams Ministry Fund
Mickey Youngblood Scholarship Fund
Randy Leasley Scholarship Fund
Roderick “Chip” Brownlow Memorial Scholarship Fund
Discretionary Funds
Waco Foundation Unrestricted Fund
Louis and Rosa Conti Fund
John F. Horsfull, Jr. Fund
Lyle Seley Masterson and Lyle Kay Masterson Fund
J. Carroll and Doris W. Wood Fund
Supporting Organization and Other Accounting Funds
WF Assets, Inc.
Waco Foundation Special Fund
22
New Funds
Established after
FYE 3.31.2011
Academic All Stars Award Fund
Alzheimer’s Association - North
Central Texas Chapter Fund
Animal Birth Control Clinic Building
Endowment Fund
Animal Birth Control Clinic SNIP
Endowment Fund
E.A. and Martha H. Bernhausen
Fund
Malcolm and Mary Ruth Duncan
Dental Care Fund
Project 254 Fund
If you are interested in
learning more about
establishing a fund with
Waco Foundation, please
contact Leslie Mitchell,
Director of Finance, at
254.754.3404 or
lmitchell@wacofoundation.org
Community
Funds
Community Funds, or Other Designated Purpose Funds, are temporary funds held for a specific
purpose or project that benefits the community, such as building projects or historical/cultural
events, festivals or memorials.
Branding the Brazos - Doris Miller Statue Fund
Cameron Park Centennial Celebration Fund
Early Childhood Fund
Greater Waco Community Education Alliance Fund
Greater Waco Community Education Summit Fund
McLennan County Peace Officers Memorial Fund
Nonprofit Institute Fund
Waco Cultural Arts Fest - Branding the Brazos Fund
Waco Foundation Capacity Building Program Fund
All funds are managed as component funds of Waco Foundation. Funds are held as the
property of Waco Foundation, designated for the benefit of the agencies named by donors.
Distributions of income or corpus are made to designated agencies according to the fund
agreement between the agency or donor and Waco Foundation. The Foundation prides itself
on its dedication to providing proper stewardship, prudent investment, consistent purchasing
power and regular distributions that meet the donor’s charitable intention and support the
local nonprofit community.
Branding the Brazos - Doris Miller Statue Fund
Doris Miller,
World War II hero
The Doris Miller Memorial Committee, in connection with the Waco Cultural Arts Fest
“Branding the Brazos,” have dedicated a memorial to Doris Miller, a prominent African
American serviceman and Wacoan, and the sacrifice of his life at sea during active duty.
The sculpture project seeks to establish an appropriate and important local and national
memorial for Miller. Stan Carroll AIA, RA, RID and Eddie Dixon have been chosen to design
the historical memorial.
The project budget supports the sculptural design, the installation of the memorial and
the landscape revitalization of the Bledsoe-Miller Park on the banks of the Brazos River.
Donations are needed to raise the amount in the projected budget ($1 million), and
can be made to Waco Foundation—Branding the Brazos—Doris Miller Statue Fund. The
generosity of The Bernard and Audre Rapoport Foundation made the lead donation of
$25,000 to this fund.
Waco Cultural Arts Fest - Branding the Brazos Fund
Cowboy Sculpture
by Robert Summers
In an effort to promote cultural awareness and economic expansion, Waco businessman
Clifton Robinson, in collaboration with the Waco Cultural Arts Fest, launched the formation
of The Waco Chisholm Trail Heritage project. This monumental sculpture project is a public
art project designed to establish the Brazos River Corridor as a gateway for Waco’s
cultural district. Mr. Robinson provided the initial donation and has encouraged public
participation with the establishment of the “Branding the Brazos” fundraising campaign.
Donations to the fund are used to allow Robert Summers (sculptor) to create a
representational piece of the historical impact of several cattle trails coming together in
Waco for the crossing of the Brazos River.
23
Audited
Financials
As of and for the fiscal year ended March 31, 2011
Assets
Cash and Cash Equivalents
3,489,719
Contribution Receivable
576,324
Investments
59,327,337
Equipment, Less Accumulated Depreciation
15,558
Total
Assets
63,408,938
Auditors
Finance
Committee
Liabilities
Grants and Other Accounts Payable
427,214
Funds Held as Agency Endowments
Total Liabilities
9,107,071
9,534,285
53,874,653
Revenue
Total Contributions 3,381,051
Total Investment Income6,768,614
Total Revenue
Colonial Consulting,
L.L.C.
Jaynes, Reitmeier, Boyd,
& Therrel, P.C.
Liabilities & Net Assets
Total Net Assets
Investment
Consultants
Bill Pakis - Chair
David Dickson
Jim Haller
Jim Hawkins
Lisa Jaynes
Audit
Committee
Bill Pakis - Chair
Jim Haller
Lisa Jaynes
10,149,665
Expenses
Grants and Program Services
3,756,757
Management, General and Fundraising
379,361
Total Expenses4,136,118
Increase in Net Assets6,013,547
Net Assets Beginning of Year
47,861,106
Net Assets End of Year
53,874,653
24
l
As of and for the fiscal year ended March 31, 2011
Composition of Assets at March 31, 2011
Donor Advised Funds8,502,274
Designated Funds2,387,608
Discretionary Funds8,049,123
Field of Interest Funds
821,344
Unrestricted Funds 30,219,616
Nonprofit Agency Funds
10,647,992
Scholarship Funds1,673,595
Supporting Organizations1,107,386
Total
63,408,938
Assets Value Timeline [in millions]
$59 $58
$40
$40
$43 $45
$55
$63
$48
$43
$36
$100,000 $3
1958 1990 2001
02
03
04
05
06
07
08
09
10 11
Investment Managers
Aberdeen Emerging Markets
Advisory Research
Artio International Equity II
Artisan Growth Fund
Artisan international Value
Colchester Global Bond
Flag Energy & Resource Partners II
Flag Real Estate Partners II
Forester Offshore
Luther King Capital Mgmt
PIMCO Commodity Real Return
PIMCO Stock Plus
PIMCO Total Return
Post High Yield
TCM Small Cap Growth
TIFF ARP II
Vanguard Inflation Protected
Securities
Vanguard Index Fund
25
Donors -
Organizations
AGRI-Wood Products, Ltd.
Alcoa, Inc.
Alliance Bank, Central Texas
American Bank
American Income Life Insurance Company
Association of the Class of 1951, USNA
Atmos Energy Corporation
Bank of America Foundation
Bank of America, N.A.
Baylor University - Accounts Payable
Baylor University - School of Education
Baylor University - Law School
Baylor University - Hankamer School of Business
The Bernard & Audre Rapoport Foundation
Brazos Higher Education Service Corporation
BRD Management, Inc.
Beard Kultgen Brophy Bostwick Dickson & Squires, LLP
Cameron and Jane Baird Foundation
Cameron Park Zoological and Botanical Society
Care Net Pregnancy Center of Central Texas, Inc.
Cargill, Inc.
Caritas of Waco
CCNAO
Cen-Tex African American Chamber of Commerce
Central National Bank
Central Texas Jazz Society
Clifton Foundation
Coldwell Banker, Jim Stewart Realtors
Community Bank & Trust
Cooper Foundation
DuPuy Oxygen
Educators Credit Union
Englander Container & Display
Estate of Lila Lucille Saunders
Estate of Marjorie C. Lacy
Family Abuse Center
First Baptist Church of Waco Foundation
First National Bank of Central Texas
First National Bank of Moody
Friends of the Waco-McLennan County Library
Frost National Bank
Fuzzy Friends Rescue
Greater Zion Missionary Baptist Church
H & B Packing Co., Inc.
H-E-B of Austin
Harston Study Club
Hillcrest Baptist Medical Center
Hillsboro Lions Club
Insurors Opportunity Ltd.
Interfund Activity
Jaynes, Reitmeier, Boyd & Therrell, P.C.
Junior League of Waco
26
Kelly Realtors
Lindsey Landscaping & Floral
McLennan Community College
Merrill Lynch and Co. Foundation, Inc. Matching Gift
Program
Midway Independent School District
Moody Independent School District
National Banks of Central Texas - Waco
National Banks of Central Texas - Hewitt
NeighborWorks Waco
Pakis, Giotes, Page & Burleson, P.C.
Providence Healthcare Network
Randy Leasley Scholarship Fundraising Organization
Sartain Consulting
Schreiber Company
Schultz Industries, Inc.
Schwartz Design Center
Southern Financial Group, LLC
Space Exploration Technologies Corp
Swartz Family Trust
Tejas Logistics System
Texas State Technical College
Texas Tech University
Torrance Memorial Trust
Waco Chamber of Commerce Community Development
Foundation
Waco Cultural Arts Fest
Waco Independent School District
Waco ISD Education Foundation
Wal-Mart Foundation
Wells Fargo Bank, N. A.
WFB Ohio - Foundation
William Cameron Park Centennial Celebration
William Taylor & Co.
Donors Mr. and Mrs. Sam E. Allison
Mr. and Mrs. M. Brian Aynesworth III
Ms. Bridget B. Baird
Mr. and Mrs. Benjy Bauer
Mr. and Mrs. Brian P. Bivona
Mr. and Mrs. Fred D. Bostwick
Mr. and Mrs. Mark A. Boyd
Mr. and Mrs. S. Terry Bracken
Mr. and Mrs. B. E. Bradsby
Mr. and Mrs. Leo H. Bradshaw, Jr.
Mr. James L. Branton
Mr. and Mrs. Robert S. Braswell III
Mr. and Mrs. Joe A. Brownfield
Mr. and Mrs. Bill A. Brunk
Mr. and Mrs. James E. Bush
Mrs. Nancy H. Callan
Mr. and Mrs. Henry L. Campbell, Jr.
Mr. and Mrs. Arnold Carter
Mrs. Virginia Cashion
Mrs. Patricia R. Clifton
Mr. and Mrs. William L. Clifton, Jr.
Dr. Robert C. Cloud
Mr. Tom H. Collins, Jr.
Mr. and Mrs. Jay A. Copeland
Dr. and Mrs. Stephen H. Corwin
Mr. and Mrs. John E. Dagley
Mrs. Jean H. Darden
Mr. and Mrs. J.P. Davis
Mr. Mark Davis
Mr. and Mrs. David Dickson
Mr. and Mrs. John W. Dietz
Mr. Casey L. Dobson
Mr. Howard R. Dudgeon III
Mr. and Mrs. Louis Englander
Mrs. Rosalis Estes
Mr. and Mrs. Michael D. Ferguson
Mr. and Mrs. Jon C. Gerard
Dr. and Mrs. Roland A. Goertz
Ms. Lee Anna Good
Ms. Mabel M. Gray
Mr. and Mrs. Rondy Gray
Mr. and Mrs. Jim Haller
Mr. and Mrs. Ken Hampton
Mr. Harry I. Harelik
Mr. and Mrs. James R. Hawkins
Mr. and Mrs. Norman L. Hay, Jr.
Mr. and Mrs. Stephen M. Hedrick
Ms. Judith I. Hersh
Mr. and Mrs. Calvin M. Hill
Mr. and Mrs. Richard C. Hinckley
Individuals
Mr. and Mrs. James R. Holley
Mr. and Mrs. David G. Horner
Ms. Odessa Hughes
Mr. Monte Hulse
Ms. Leah Jackson
Mr. and Mrs. Al Jackson
Mr. and Mrs. Larry D. Jaynes
Mr. and Mrs. Floyd Jensen, Jr.
Mr. and Mrs. Ed Keeling
Mr. and Mrs. Robert G. Keys
Mr. David B. Kultgen
Mr. and Mrs. David Lacy
Mr. James H. Lane
Ms. Frances M. Lanier
Mr. and Mrs. Michael Lasky
Mr. and Mrs. Henry J. Lee
Mr. and Mrs. Frank L. Levy
Mr. and Mrs. John S. Mann
Ms. Janey L. Marks
Ms. Vivian M. Marschik
Mr. and Mrs. Jim Mathis
Mr. and Mrs. John D. Mayfield III
Mr. and Mrs. Lloyd S. McCaskill
Mr. Rufus McClain, Jr.
Mr. Paul F. McClinton
Mr. and Mrs. Greg R. Meyer
Ms. Amy M. Mitchell
Mr. and Mrs. Charles W. Moore, Jr.
Mr. and Mrs. Frederick A. Moseley
Mr. and Mrs. Tom Nesbitt
Ms. Beverly Nichols
Dr. and Mrs. Steven L. Nichols
Mr. and Mrs. Paul E. Noe
Mr. and Mrs. Ronald O’Beirne
Mr. and Mrs. Lyndon L. Olson, Jr.
Mr. and Mrs. Harry A. Ostrom
Mr. and Mrs. Joseph Owens II
Mr. William R. Pakis
Mrs. Wendy L. Papaioannou
Mr. and Mrs. Derral W. Parks
Drs. Bill and Ruth Pitts
Mr. James E. Polk
Mr. and Mrs. Raymond R. Preddy
Mr. and Mrs. Clarence Richmond
Mr. and Mrs. Lewis H. Ritcherson
Mr. and Mrs. Randall C. Roberts
Mr. and Mrs. Clifton Robinson
Mr. and Mrs. Carl E. Rogers, Jr.
Ms. Suzanne R. Roper
Mr. and Mrs. Chris Sadler
Mr. and Mrs. Tom Salome
Mr. and Mrs. Wallace H. Sample
Ms. Jane M. Saxton
Mr. and Mrs. Adrian Schmidhauser
Mr. and Mrs. Rick K. Sheldon
Dr. and Mrs. Charles A. Shoultz
Mr. David C. Smith
Mr. and Mrs. David F. Smith, Jr.
Ms. Ester Smith
Mr. and Mrs. Stuart Smith
Mr. Stephen R. Spears
Mr. and Mrs. George H. Spencer, Jr.
Mr. and Mrs. Michael C. Sterling
Ms. Madeline Sullivan
Ms. Rosemary Sullivan
Mr. and Mrs. Thomas D. Swann
Mr. Patrick H. Swearingen, Jr.
Ms. Sue Ann Swenke
Mr. and Mrs. Ford Taylor
Mr. and Mrs. J. Heyward Taylor
Mr. and Mrs. Glen Thurman
Mr. and Mrs. John B. Tuggle
Mr. and Mrs. Robert E. Tunmire
Mr. Robert Turner
Ms. Barbara Van Slyke
Mr. and Mrs. James G. Vaughan, Jr.
Dr. Patricia D. Wallace
Mr. and Mrs. Ronald W. Walts
Ms. Kathy K. Wardlaw
Mr. and Mrs. Murray Watson, Jr.
Dr. Charles W. Weathers
Ms. Helen Nash Weathers
Mr. and Mrs. Laurence A. Wheatley
Ms. Demetria Whitfield
Ms. Ginger D. Whitfield
Ms. June Whitfield
Mr. and Mrs. Robert Williams
Dr. and Mrs. Bill G. Williams
Mr. and Mrs. Mike Woodson
Mr. and Mrs. F.M. Young
Ms. Joanne S. Zuch
27
1105 Wooded Acres, Ste 701
Waco, TX 76710
254.754.3404
Non-Profit Org.
U.S. Postage
PAID
Permit #119
Waco, Texas
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doing during 2011 - 2012?
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@ wacofoundation.org
Photo courtesy City of Waco – Mark Randolph