Waco Citizens Foundation
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.
Waco Citizens Foundation at a glance
In short: Waco Citizens Foundation gave $5K across 4 grants in 2024 (avg $1K), mostly in Texas. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $5,000
- +0.0% vs 2023
- Grants made (2024)
- 4
- +0.0% vs 2023
- Average grant
- $1,250
- +0.0% vs 2023
- Median grant
- $1,250
- Total assets
- $56,478
- -4.3% vs 2023
- Primary geography
- Texas (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Waco Citizens Foundation funds
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2024
The largest 2024 recipient was Caritas of Waco ($1K). Together the top 4 received $5K.
Grant Size Distribution
22 grants across all recorded years
The most common grant size was under $50K: 22 grants of 22 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 4 itemized grants.
States
Cities
How Waco Citizens Foundation gives
- Giving held roughly steady from 2021 to 2024 (+0%). Method
- In 2024 it paid out 171% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $5K (2020) to $5K (2024). In 2024 it made 4 grants totaling $5K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Caritas of Waco Waco, TX | Operational | $1,250 |
| Central Texas Senior Ministry Waco, TX | Operational | $1,250 |
| Cook Children's Medical Center Fort Worth, TX | Operational | $1,250 |
| The Salvation Army Waco, TX | Operational | $1,250 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $56,478 | $3,229 | $5,755 | $5,000 | 4 | $5,000 | $3,229 | $2,930 |
| 2023 | $59,004 | $633 | $5,000 | $5,000 | 4 | $5,000 | $633 | $3,135 |
| 2022 | $63,371 | $683 | $5,647 | $5,000 | 4 | $5,000 | $48 | $3,386 |
| 2021 | $68,335 | $1,447 | $5,575 | $5,000 | 5 | $5,000 | $872 | $3,588 |
| 2020 | $72,463 | $1,527 | $5,550 | $5,000 | 5 | — | $977 | $3,814 |
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.
Leadership & Key People
Officers and directors from IRS filings
Waco Citizens Foundation is led by Thomas L. Lacy Sr., President & Secretary on every filing since 2020; none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Thomas L. Lacy Sr.
President & Secretary
On filings since 2020
No compensation reported
Donald R. Howe Sr.
Director
On filings since 2020
No compensation reported
William D. Lacy
Director
On filings since 2020
No compensation reported
Former officers (1)
- Former: Walter G. Lacy (2020–2021) — Director
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Waco Citizens Foundation
How much does Waco Citizens Foundation give each year?
Waco Citizens Foundation gave $5K across 4 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $5K across 4 grants.
What is Waco Citizens Foundation's typical grant size?
Waco Citizens Foundation's median grant in 2024 was $1,250, and its average grant was $1,250, across 4 grants on its 2024 IRS Form 990-PF.
Where does Waco Citizens Foundation give grants?
Waco Citizens Foundation gives mostly in Texas: 100% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Waco, TX (3 grants).
Does Waco Citizens Foundation give general operating support?
Yes: 100% of Waco Citizens Foundation's 2024 grants with a stated purpose (4 of 4) were for general or operating support, per its 2024 IRS Form 990-PF.
How large is Waco Citizens Foundation?
Waco Citizens Foundation reported $56K in total assets on its 2024 IRS Form 990-PF. It paid out $5K in qualifying distributions that year, against a required minimum of $3K (roughly 5% of its investment assets).
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.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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