The mission of Waco Foundation is to promote solutions to community challenges, strengthen local nonprofits, engage philanthropists and manage charitable assets in order to improve quality of life in McLennan County.

As the community foundation for McLennan County, we focus on the four areas of our mission:

  • Promote solutions to community challenges
    We lead, follow and collaborate as needed to provide solutions to community challenges, often partnering with other foundations, nonprofits, individual donors, government, educational and healthcare institutions and the private sector.
  • Strengthen our local nonprofits
    We support nonprofits through grants, guidance and fund management, strengthening their ability to make an impact on critical issues in our community both today and in the future.
  • Engage philanthropists
    We provide personalized philanthropic advice and services to those interested in making a long-term impact with their giving, with an emphasis on safeguarding charitable intentions.
  • Manage charitable assets
    We accept, prudently manage and preserve the value of long-term charitable resources entrusted to our care.

Waco Foundation was established in 1958 with a $30,000 gift from R.B. and Edith Heinze Parrot to ensure the vitality and longevity of the Waco community.  Today the Foundation manages nearly $90 million in charitable assets in the form of agency endowments, scholarships and community and donor advised funds, all for the benefit of the community. 

To learn more about Waco Foundation's history and legacy donors, please explore our timeline.