Building an endowment fund is extremely helpful for nonprofits when considering sustainability.

Building your Nonprofit Fund

More than 25 local nonprofits partner with Waco Foundation to manage their assets and reserves. When a nonprofit establishes an agency endowment, quasi-endowment or reserve fund with us (all forms of Designated Funds) the agency benefits from the expertise of a large financial management office for a very small fee, .75% annually. Waco Foundation subsidizes a large portion of these investment fees to provide the highest yield possible for nonprofit funds we manage.

Partnership benefits include:

  • Access to a mix of assets otherwise unavailable to funds smaller than $50 million and the choice of four investment strategies.
  • Oversight of all funds and transactions by Waco Foundation’s Finance and Investment Committee, inclusion in the Foundation’s audit and management from a national investment consultant and highly professional community foundation staff.
  • Inclusion in Waco Foundation’s website, reports and publications.
  • Advice from Waco Foundation’s legal counsel about the handling and dispersion of non-cash assets.
  • Listing in Waco Foundation’s annual holiday gift solicitation as an option for giving.  

By working with Waco Foundation, nonprofits can take advantage of professional investment management and planned-giving services. Waco Foundation’s permanency reassures many prospective donors who value the stewardship and consistency that the Foundation provides.