Texas A&m Foundation
- Assets
- $2.5b
- Revenue
- $282.5m
- Investments
- $609.4m
- Employees
- 184
- Location
- College Station, TX
- Founding
- 01/1983
- Data as of
- 06/2020
- 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 06/2021, Texas A&m Foundation employed 184 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 06/2020, Texas A&m Foundation generated $282.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $149.8m during the year ending 06/2020. While expenses have increased by 6.9% per year over the past 6 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, Texas A&m Foundation has awarded 33 individual grants totaling $692,242,172. 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
2020
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 VARIOUS COLLEGE AND DEPARTMENTAL NEEDS AND ACTIVITIES THROUGH BOTH NON-ENDOWED FUNDS AND FUNDS GENERATED FROM ENDOWMENTS.
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 AND RESEARCH WITH BOTH NON-ENDOWED FUNDS AND FUNDS GENERATED FROM ENDOWMENTS.
INSTITUTIONAL SUPPORT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tyson T Voelkel President & CEO | Officer | 40 | $602,504 |
James J Palincsar Sr VP For Development | Officer | 40 | $360,083 |
John A Huser VP & CFO | Officer | 40 | $341,812 |
Roy Harvey II Investment Director | 40 | $266,085 | |
Michael D Pia Cio | Officer | 40 | $250,114 |
William L Fusselman VP & General Counsel | Officer | 40 | $240,951 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dudley Construction Ltd Construction Service | 6/29/21 | $1,180,528 |
Gardner Russo Investment Manager | 6/29/21 | $1,126,187 |
Mcchrystal Group Mgmt Consulting | 6/29/21 | $1,031,349 |
Artisan Partners Investment Manager | 6/29/21 | $796,615 |
Acadian Small Cap Em Investment Manager | 6/29/21 | $533,781 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $136,068,968 |
| Investment income | $60,452,170 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $1,409,291 |
| Net Rental Income | $10,412 |
| Net Gain/Loss on Asset Sales | $84,197,768 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $282,467,067 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $507,329 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,083,791 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $15,371,346 |
| Pension plan accruals and contributions | $2,319,198 |
| Other employee benefits | $1,574,089 |
| Payroll taxes | $1,154,097 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $35,174 |
| Fees for services: Accounting | $221,046 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $11,003 |
| Fees for services: Investment Management | $27,721,286 |
| Fees for services: Other | $1,386,880 |
| Advertising and promotion | $1,877,372 |
| Office expenses | $651,251 |
| Information technology | $494,380 |
| Royalties | $0 |
| Occupancy | $620,299 |
| Travel | $532,284 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $128,817 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $404,558 |
| Insurance | $159,847 |
| All other expenses | $0 |
| Total functional expenses | $149,786,736 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $42,430,117 |
| Pledges and grants receivable | $213,331,112 |
| Accounts receivable, net | $2,372,363 |
| 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 | $1,531,885,681 |
| Investments—other securities | $609,406,971 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $48,207,737 |
| Total assets | $2,465,090,742 |
| Accounts payable and accrued expenses | $3,270,387 |
| 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 | $321,799,561 |
| Total liabilities | $325,069,948 |
| 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 | $2,140,020,794 |
Grants Awarded
Over the last fiscal year, Texas A&m Foundation has awarded $92,377,610 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
TEXAS A&M UNIVERSITY PURPOSE: DEPARTMENTAL SUPPORT | $48,834,317 |
TEXAS A&M UNIVERSITY PURPOSE: SCHOLARSHIPS & FELLOWSHIPS | $34,259,122 |
TEXAS A&M UNIVERSITY PURPOSE: FACULTY SUPPORT | $8,626,784 |
TEXAS A&M UNIVERSITY PURPOSE: INSTITUTIONAL SUPPORT | $657,387 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Texas A&m Foundation has recieved totaling $378,091.
| Awarding Organization | Amount |
|---|---|
Judge Raymond Fuller Charitable Test Tr San Angelo, TX PURPOSE: SCHOLARSHIPS | $194,091 |
Organization Name not Listed PURPOSE: PROGRAMS | | $120,000 |
High-Tech High Heels Dallas, TX PURPOSE: STEM CAMP SCHOLARSHIPS | $31,000 |
Willard And Anne Levin Foundation Hallettsville, TX PURPOSE: PHYSICS DEPT ENDOW SCHOLARSHIP | $26,000 |
Willard And Anne Levin Foundation Hallettsville, TX PURPOSE: UNRESTRICTED OPERATING FUNDS | $5,000 |
Willard And Anne Levin Foundation Hallettsville, TX PURPOSE: SULL ROSS SCHOLARSHIP | $2,000 |
Endowment Analysis
| Beg. Balance | $1,619,665,719 |
| Earnings | $598,742,303 |
| Admin Expense | $39,301,705 |
| Net Contributions | $49,351,748 |
| Other Expense | $35,952,103 |
| Grants | $26,377,304 |
| Ending Balance | $2,166,128,658 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Texas Christian University Fort Worth, TX | $4,250,111,470 | $1,168,273,968 |
Southern Methodist University Dallas, TX | $4,000,720,929 | $1,151,429,320 |
University Of The Incarnate Word San Antonio, TX | $487,005,002 | $259,002,070 |
Trinity University San Antonio, TX | $2,152,998,026 | $314,487,625 |
Abilene Christian University Abilene, TX | $773,960,218 | $252,996,672 |
Loyola University New Orleans, LA | $507,723,751 | $180,729,254 |
St Edwards University Austin, TX | $407,674,009 | $177,051,726 |
St Marys University Of San Antonio San Antonio, TX | $377,035,263 | $162,157,507 |
Texas A&m Foundation College Station, TX | $2,465,090,742 | $282,467,067 |
Dallas Baptist University Dallas, TX | $231,209,561 | $142,120,388 |
Oral Roberts University Tulsa, OK | $267,470,829 | $191,939,533 |
Xavier University Of Louisiana New Orleans, LA | $472,117,353 | $172,171,417 |