Effective stewardship of assets is essential to Waco Foundation’s ability to fulfill its mission of building philanthropic funds in service to the community.
The Investment Committee of the Board of Trustees oversees Waco Foundation’s investments. This Committee consists of professionals trained in financial analysis and investment practices. It is the responsibility of the Committee to help the Board of Trustees ensure that Waco Foundation’s investments secure its future prosperity. The Committee’s goal is to ensure a steady stream of income to allow our discretionary funds to distribute 5% of the total fund balance each year without decreasing the purchasing power over time. This is achieved with a carefully designed, diverse asset allocation strategy which includes both active and passive investment management and a balanced approach to managing risk and return.
Waco Foundation’s investments are managed with the advice of Colonial Consulting, LLC; a firm hired in December of 2007 after an extensive national search. Colonial was ultimately chosen due to their extensive experience in managing other community foundations' assets. Colonial provides guidance in the selection and monitoring of Waco Foundation’s investments. Colonial is paid strictly on a fee basis, and does not receive any compensation from the managers with which the foundation invests its assets. Read Colonial Consulting's note to Waco Foundation donors about their organization's vision, mission and values.
Phone: 254-754-3404 Fax: 254-753-2887
1227 N. Valley Mills DriveSuite 235 Waco, TX 76710 Directions
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