University Of Texas Foundation
- Assets
- $88.9m
- Revenue
- $47.7m
- Investments
- $0.0
- Employees
- 5
- Location
- Austin, TX
- Founding
- 01/1968
- Data as of
- 12/2021
- EIN
- 74-1587488
Organization Overview
University Of Texas Foundation is located in Austin, TX. The organization was established in 1968. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 12/2021, University Of Texas Foundation employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Of Texas Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, University Of Texas Foundation generated $47.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.8% each year . All expenses for the organization totaled $45.9m during the year ending 12/2021. While expenses have increased by 10.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, University Of Texas Foundation has awarded 96 individual grants totaling $196,507,893. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SUPPORT TO THE UNIVERSITY OF TEXAS SYSTEM INSTITUTIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL PURPOSE - GIFTS TO VARIOUS DEPARTMENTS AT THE UNIVERSITY OF TEXAS SYSTEM INSTITUTIONS FOR VARIOUS EDUCATIONAL AND RESEARCH PROJECTS
PAYMENTS MADE TO MEET CONDITIONS OF GIFTS TO THE UNIVERSITY OF TEXAS SYSTEM INSTITUTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sheri Despain Executive Director And CFO | Officer | 40 | $154,500 |
James A Prentice Immediate Past President | OfficerTrustee | 1 | $0 |
Rex G Baker III President Elect | OfficerTrustee | 1 | $0 |
Sonia Perez VP And Secretary | OfficerTrustee | 1 | $0 |
Thomas J Perich President | OfficerTrustee | 1 | $0 |
Alfred M Meyerson VP And Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $42,756,427 |
| Noncash contributions included in lines 1a–1f | $2,092,211 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $42,756,427 |
| Total Program Service Revenue | $0 |
| Investment income | $693,109 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,050,039 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $47,692,096 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $42,684,186 |
| Grants and other assistance to domestic individuals. | $52,648 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $177,456 |
| Compensation of current officers, directors, key employees. | $177,456 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $164,619 |
| Pension plan accruals and contributions | $13,752 |
| Other employee benefits | $0 |
| Payroll taxes | $25,646 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $26,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $10,781 |
| Fees for services: Other | $27,291 |
| Advertising and promotion | $0 |
| Office expenses | $96,036 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $28,189 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $45,946,940 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,858,212 |
| Pledges and grants receivable | $10,797,077 |
| Accounts receivable, net | $1,104,900 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $585,413 |
| Investments—publicly traded securities | $64,747,702 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,786,180 |
| Total assets | $88,879,484 |
| Accounts payable and accrued expenses | $5,587,074 |
| Grants payable | $10,797,077 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $29,149,045 |
| Total liabilities | $45,533,196 |
| Net assets without donor restrictions | $16,904,757 |
| Net assets with donor restrictions | $26,441,531 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $88,879,484 |
Grants Awarded
Over the last fiscal year, University Of Texas Foundation has awarded $42,669,899 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
UTMD ANDERSON PURPOSE: EDUCATIONAL/RESEARCH | $17,745,537 |
UNIVERSITY OF TEXAS AUSTIN PURPOSE: EDUCATIONAL/RESEARCH | $17,237,263 |
UNIVERSITY OF TEXAS HEALTH SCIENCE CENTER HOUSTON PURPOSE: EDUCATIONAL/RESEARCH | $2,290,307 |
UNIVERSITY OF TEXAS HEALTH SCIENCE CENTER SAN ANTONIO PURPOSE: EDUCATIONAL/RESEARCH | $1,733,867 |
UNIVERSITY OF TEXAS SAN ANTONIO PURPOSE: EDUCATIONAL/RESEARCH | $1,263,790 |
UNIVERSITY OF TEXAS DALLAS PURPOSE: EDUCATIONAL/RESEARCH | $1,162,001 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that University Of Texas Foundation has recieved totaling $45,000.
| Awarding Organization | Amount |
|---|---|
Around The Table Foundation Wilmington, DE PURPOSE: SCHOLARSHIP FUND FOR MOODY STUDENTS | $25,000 |
Patrick G Bromley Foundation Wilmington, DE PURPOSE: DIRECTOR'S FUND | $20,000 |
Endowment Analysis
| Beg. Balance | $11,231,141 |
| Earnings | $1,746,458 |
| Net Contributions | $169,803 |
| Other Expense | $511,963 |
| Ending Balance | $12,635,439 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Oklahoma State University Foundation Stillwater, OK | $1,286,594,622 | $191,009,042 |
Texas Tech Foundation Inc Lubbock, TX | $840,921,024 | $55,341,496 |
University Of Arkansas Foundation Inc Fayetteville, AR | $2,089,992,333 | $297,590,096 |
Texas A & M Research Foundation College Station, TX | $17,651,760 | $64,742,890 |
Tiger Athletic Foundation Baton Rouge, LA | $492,455,521 | $67,955,012 |
Vanguard Academy Pharr, TX | $58,411,993 | $65,696,988 |
Southwestern Medical Foundation Dallas, TX | $1,318,497,986 | $133,001,887 |
Unm Rainforest Innovations Albuquerque, NM | $22,586,721 | $58,002,418 |
University Of New Mexico Foundation Incorporated Albuquerque, NM | $270,142,035 | $53,815,950 |
University Of Texas Foundation Austin, TX | $88,879,484 | $47,692,096 |
L S U Foundation Baton Rouge, LA | $804,249,383 | $72,730,367 |
Southeastern Louisiana Area Health Education Center Natalbany, LA | $8,364,528 | $32,019,241 |