Building your Nonprofit Fund

More than 25 local nonprofits partner with the 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). The 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 the Waco Foundation’s Investment and Finance Committee, inclusion in the Foundation’s audit, and management from a national investment consultant and highly professional community foundation staff.
• Inclusion in the Foundation’s website, reports and publications.
• Advice from the Foundation’s legal counsel about the handling and dispersion of non-cash assets.
• Listing in the Foundation’s annual holiday gift solicitation as an option for giving.
 

By working with the 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.