Frequently Asked Questions- Does the Foundation make grants outside of Waco/McLennan County?
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Yes, but unsolicited grant applications are funded infrequently. Approximately one-third of Foundation grants are dedicated to scholarships for enrolled freshmen at the University of Texas as well as to two Jewish organizations; one-third remains in the Waco/McLennan County area; and the remaining third is spent outside of Waco.
- How much does your Foundation give each year?
Most private and corporate foundations are required to give away approximately 5% of the income earned each year. When the economy is good, and investments perform well, the Foundation is able to give away more than in "lean" years.
- I think I have a good idea for a grant but I'm not certain it exactly meets your priorities. May I call to discuss this with someone?
Certainly! The Foundation welcomes calls to help organizations decide if it makes sense to prepare an application.
- What is a typical grant size?
The Foundation has three major grants meetings per year in which the board makes determinations about grants that exceed $50,000. A smaller board, which meets two or three times per year, makes decisions on grants ranging from $500 to $50,000. Most Foundation grants do not exceed $75,000.
- Will I be notified about the disposition of my request?
Yes. You will receive an initial acknowledgment. If the request is eligible for consideration, you will be contacted to set up a site visit or to secure additional information. Grants that are eligible but are not funded are either declined or deferred to a future meeting. Your organization will receive notification within two to three weeks after the grants meeting.