When it began in 1968, the Waxahachie Foundation had approximately $9,900 to its name. On Wednesday morning, Aug. 8, the organization donated over two times and a half time more than the real estate and corporate stock given by R.F. Chapman and Edwin L. Harding, respectively.
In total, $23,953 was distributed and a 50th "birthday" cake was cut in the lobby of Baylor Scott and White Medical Center — Waxahachie during.
Checks were presented to the Ellis County Museum ($3,000), Historic Waxahachie, Inc ($5,000), Little Pantry ($1,000), Meals on Wheels of Johnson and Ellis Counties ($5,000), Operation 1st Day of School, ($2,500), Sims Library, ($2,600), Baylor Foundation ($2,353) and the Rainbow Room ($2,500).
The foundation averages a distribution of 6-10 grants each quarter. The foundation — through trusts, investments, and donations — now has an account balance of approximately $2.5 million in its account which Ken P. Box, financial advisor at Edward Jones, manages at no costs to the foundation. Box and the rest of the board of directors, which meet four times a year, serve without monetary compensation.
The presentation of funds was the third for Waxahachie Foundation Board of Directors in 2018.
The foundation's officers for 2018 include Dianah Weable, president; Candace Ahlfinger, vice president; Ryan Pitts, secretary; and Jerry Chapman, treasurer.