Texas Instruments Foundation
- Assets
- $58.0m
- Revenue
- $21.8m
- Investments
- $41.0m
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 12/1964
- Data as of
- 12/2020
- EIN
- 75-6038519
Organization Overview
Texas Instruments Foundation is located in Dallas, TX. The organization was established in 1964. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Texas Instruments 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 12/2020, Texas Instruments Foundation generated $21.8m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 12.8% each year . All expenses for the organization totaled $23.6m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Texas Instruments Foundation has awarded 71 individual grants totaling $35,923,801. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
ONGOING ACTIVITIES INVOLVING CREATION AND SUPPORT OF EDUCATION PROGRAMS, THE ARTS AND COMMUNITY ORGANIZATIONS THAT IMPROVE THE QUALITY OF LIFE IN THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terry West Chairman | 22 | $21,250 | |
Julie M Vanharen Vice-Chair & Director | 0.3 | $0 | |
Rafael R Lizardi Treasurer & Director | 0.31 | $0 | |
Shannon Thompson Secretary (outgoing) | 1 | $0 | |
Edgar Morales Secretary (sept To Dec) | 1 | $0 | |
Hagop H Kozanian Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $20,000,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $501,898 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,322,047 |
| Capital Gain Net Income | $1,322,047 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $21,823,945 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $21,250 |
| Other employee salaries and wages | $38,000 |
| Pension plans, employee benefits | $4,546 |
| Interest | $0 |
| Taxes | $15,000 |
| Depreciation | $0 |
| Occupancy | -$1,282 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | -$4,600 |
| Total operating and administrative expenses | $195,036 |
| Contributions, gifts, grants paid | $23,393,541 |
| Total expenses and disbursements | $23,588,577 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,047,771 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $40,957,603 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $44,260 |
| Total assets | $58,049,634 |
| Accounts payable and accrued expenses | $23,673 |
| Grants payable | $5,945,912 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $5,969,585 |
Grants Awarded
Over the last fiscal year, Texas Instruments Foundation has awarded $35,923,801 in support to 71 organizations.
| Grant Recipient | Amount |
|---|---|
MATCHING GIFTS PURPOSE: MISCELLANEOUS CHARITABLE, EDUCATIONAL-RELATED, SCIENTIFIC, CULTURAL AND ARTS ORGANIZATIONS. | $10,183,395 |
Dallas, TX PURPOSE: OPERATING FUNDS FOR CHARITABLE AND EDUCATIONAL COMMUNITY SERVICE ORGANIZATIONS. | $5,022,500 |
MATCHING GIFTS PURPOSE: DONATIONS TO COLLEGES, UNIVERSITIES AND OTHER ORGANIZATIONS UNDER "MATCHING GIFTS PROGRAM." | $3,958,447 |
COMMUNITIES FOUNDATION OF TEXAS (CEDAR HILL AND DE PURPOSE: EDUCATIONAL INSTITUTIONS-OPERATION FUNDS, BUILDING FUNDS, AND SCHOLARSHIPS. | $3,020,000 |
COMMUNITIES FOUNDATION OF TEXAS (RICHARDSON ISD) PURPOSE: EDUCATIONAL INSTITUTIONS-OPERATION FUNDS, BUILDING FUNDS, AND SCHOLARSHIPS. | $1,568,000 |
Plano, TX PURPOSE: OPERATING FUNDS FOR CHARITABLE AND EDUCATIONAL COMMUNITY SERVICE ORGANIZATIONS. | $1,525,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rees-Jones Foundation Dallas, TX | $0 | $116,553,438 |
Meadows Foundation Incorporated Dallas, TX | $777,502,701 | $134,484,682 |
Rob And Melani Walton Foundation Bentonviille, AR | $541,056,642 | $120,568,910 |
Amon G Carter Foundation Fort Worth, TX | $464,730,205 | $54,557,293 |
Wend Ii Inc Bentonville, AR | $174,655,774 | $207,303,582 |
Anne And Henry Zarrow Foundation Tulsa, OK | $347,173,230 | $36,385,260 |
Ila-West Gulf Maritime Association Inc Royalty Trust Fund No 1 Houston, TX | $56,716,364 | $36,179,083 |
David Weekley Family Foundation Houston, TX | $132,693,267 | $39,507,010 |
T L L Temple Foundation Lufkin, TX | $464,501,486 | $44,070,137 |
Town Branch Foundation Bentonville, AR | $511,930,269 | $39,195,874 |
Perot Foundation Dallas, TX | $46,575,873 | $1,622,633 |
The Charles Butt Foundation San Antonio, TX | $7,229,103 | $6,060,986 |