Waco Citizens Foundation

WACO, TX EIN: 74-6044021

Waco Citizens Foundation is a private foundation, based in WACO, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $56K in total assets. In 2024, it awarded 4 grants totaling $5K. Net investment income was $3K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$56K

-4.3% YoY

Annual Giving

$5K

+0.0% YoY

Grant Count

4

+0.0% YoY

Avg Grant Size

$1K

+0.0% YoY

Under IRS private-foundation payout rules, Waco Citizens Foundation reported a distributable amount of $3K for 2024 — the minimum it must pay out in qualifying distributions.

About Waco Citizens Foundation

Based on IRS filings

Waco Citizens Foundation is a private foundation, based in WACO, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $56K in total assets. In 2024, it awarded 4 grants totaling $5K. Net investment income was $3K.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1states

States

Cities

Fort WorthWaco

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$2K$3K$5K$6K20202021202220232024
Metric202420232022
Total Assets$56,478$59,004$63,371
Revenue$3,229$633$683
Expenses$5,755$5,000$5,647
Qualifying Distributions$5,000$5,000$5,000
Net Investment Income$3,229$633$48
Distributable Amount$2,930$3,135$3,386

Giving Over Time

Total grant dollars and number of grants per year

$0$1K$3K$4K$5K5 grants20205 grants20214 grants20224 grants20234 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 4 recipients in 2024

CARITAS OF WACO$1KCENTRAL TEXAS SENIOR MIN…$1KCOOK CHILDREN'S MEDICAL …$1KTHE SALVATION ARMY$1K

Grant Size Distribution

22 grants across all recorded years

22<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Caritas of Waco ($1,250), Central Texas Senior Ministry ($1,250), Cook Children's Medical Center ($1,250).

RecipientPurposeAmount
CARITAS OF WACO WACO, TXOPERATIONAL$1,250
CENTRAL TEXAS SENIOR MINISTRY WACO, TXOPERATIONAL$1,250
COOK CHILDREN'S MEDICAL CENTER FORT WORTH, TXOPERATIONAL$1,250
THE SALVATION ARMY WACO, TXOPERATIONAL$1,250

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

NameTitleHoursCompensation
DONALD R HOWE SRDIRECTOR
WILLIAM D LACYDIRECTOR
THOMAS L LACY SRPRESIDENT/SECRETARY

Frequently Asked Questions

How large is Waco Citizens Foundation?

As of 2024, Waco Citizens Foundation holds $56K in total assets with $3K in annual revenue. It awarded 4 grants totaling $5K in 2024.

Where does Waco Citizens Foundation operate?

Waco Citizens Foundation has awarded grants in Texas.

What size grants does Waco Citizens Foundation award?

In 2024, Waco Citizens Foundation awarded 4 grants totaling $5K — an average of about $1K per grant, based on its IRS Form 990 filings.

How much is Waco Citizens Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Waco Citizens Foundation reported a distributable amount of $3K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Waco Citizens Foundation's EIN?

Waco Citizens Foundation's EIN (Employer Identification Number) is 74-6044021. IRS Form 990 filing data is available on this page for 2020–2024.

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Data last updated April 2026. Sourced from IRS Form 990-PF filings.

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