Texas A&m Foundation
- Assets
- $3.1b
- Revenue
- $201.3m
- Investments
- $986.4m
- Employees
- 192
- Location
- College Station, TX
- Founding
- 01/1983
- Data as of
- 06/2021
- EIN
- 74-2245072
Organization Overview
Texas A&m Foundation is located in College Station, TX. The organization was established in 1983. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2022, Texas A&m Foundation employed 192 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Texas A&m 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 06/2021, Texas A&m Foundation generated $201.3m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $149.4m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Texas A&m Foundation has awarded 37 individual grants totaling $781,819,107. 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
FUNDRAISING AND ASSET MANAGEMENT FOR THE BENEFIT OF TEXAS A&M UNIVERSITY AT COLLEGE STATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEPARTMENTAL SUPPORT: PROVIDE NEEDED FUNDS TO SUPPORT THE UNIVERSITY'S COLLEGE, SCHOOL, INSTITUTE, CENTER AND PROGRAMMATIC DEPARTMENTAL NEEDS AND ACTIVITIES THROUGH BOTH NON-ENDOWED FUNDS AND FUNDS GENERATED FROM ENDOWMENTS.
INSTITUTIONAL SUPPORT
SCHOLARSHIPS/FELLOWSHIPS: PROVIDE FINANCIAL AID FOR BOTH UNDERGRADUATES AND GRADUATES WITH BOTH NON-ENDOWED SCHOLARSHIPS AND FUNDS GENERATED FROM SCHOLARSHIP ENDOWMENTS.
FACULTY SUPPORT: PROVIDE FUNDING FOR FACULTY TEACHING, RESEARCH, RECRUITMENT AND RETENTION WITH BOTH NON-ENDOWED FUNDS AND FUNDS GENERATED FROM ENDOWMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tyson T Voelkel President & CEO | Officer | 40 | $661,480 |
Michael D Pia Cio | Officer | 40 | $518,035 |
James J Palincsar Sr VP For Development | Officer | 40 | $422,720 |
John A Huser VP & CFO | Officer | 40 | $403,466 |
Roy Harvey II Investment Director | 40 | $310,592 | |
William L Fusselman VP & General Counsel | Officer | 40 | $275,113 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dudley Construction Ltd Construction Service | 6/29/22 | $2,180,010 |
Gardner Russo Gardner Llc Investment Manager | 6/29/22 | $1,146,861 |
Artisan Partners Investment Manager | 6/29/22 | $954,573 |
Acadian Asset Management Llc Investment Manager | 6/29/22 | $783,739 |
Edgewood Management Llc Investment Manager | 6/29/22 | $984,389 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $81,505,709 |
| Investment income | $29,011,200 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $2,538,828 |
| Net Rental Income | $9,238 |
| Net Gain/Loss on Asset Sales | $87,772,014 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $201,291,060 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $337,131 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,478,803 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $15,741,505 |
| Pension plan accruals and contributions | $2,263,177 |
| Other employee benefits | $1,644,326 |
| Payroll taxes | $1,213,309 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $38,181 |
| Fees for services: Accounting | $225,918 |
| Fees for services: Lobbying | $370 |
| Fees for services: Fundraising | $55,897 |
| Fees for services: Investment Management | $27,776,050 |
| Fees for services: Other | $251,846 |
| Advertising and promotion | $1,420,948 |
| Office expenses | $648,676 |
| Information technology | $695,050 |
| Royalties | $0 |
| Occupancy | $456,732 |
| Travel | $236,916 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $64,367 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $389,525 |
| Insurance | $168,253 |
| All other expenses | $0 |
| Total functional expenses | $149,373,413 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $68,337,180 |
| Pledges and grants receivable | $147,668,994 |
| Accounts receivable, net | $1,808,495 |
| 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 |
| Investments—publicly traded securities | $1,822,100,991 |
| Investments—other securities | $986,372,179 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $51,936,186 |
| Total assets | $3,099,611,909 |
| Accounts payable and accrued expenses | $4,171,044 |
| Grants payable | $0 |
| 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 | $400,909,665 |
| Total liabilities | $405,080,709 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $2,694,531,200 |
Grants Awarded
Over the last fiscal year, Texas A&m Foundation has awarded $104,231,807 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
TEXAS A&M UNIVERSITY PURPOSE: DEPARTMENTAL SUPPORT | $54,170,268 |
TEXAS A&M UNIVERSITY PURPOSE: INSTITUTIONAL SUPPORT | $393,520 |
TEXAS A&M UNIVERSITY PURPOSE: FACULTY SUPPORT | $12,529,339 |
TEXAS A&M UNIVERSITY PURPOSE: SCHOLARSHIPS & FELLOWSHIPS | $37,138,680 |