The Texas a&m Foundation builds a brighter future for Texas a&m university, one relationship at a time, by uniting generosity and vision to raise support and manage endowed gifts.

501(c)(3) charity; gifts are tax-deductible.
68¢ of each $1 spent went to programs.
Run by 57 volunteers and 201 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $118.1M a year · 38% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
68%
of spending
Fine: 68% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$5.9M
to officers and key staff · 2% of spending
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
3 mo
of spending, in cash
Plus $3.36B in investments, Pt X · Ln 11–13
Looks good: 3.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
12
named funders · $566K
Looks good: 12 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$425.3M
11% of total assets
Looks good: liabilities are 11% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$433.9M
+28% vs prior year
Spent
$241.6M
To programs
68%
Net assets
$3.3B
By yearFY2020–FY2025
Revenue
$433.9M
FY2025▲ +28%
Tap a bar for its year
Revenue by fiscal year
FY2020$282.5M
FY2021$201.3M
FY2022$302.9M
FY2023$293.3M
FY2024$338.7M
FY2025$433.9M
Expenses
$241.6M
FY2025▲ +15%
Tap a bar for its year
Expenses by fiscal year
FY2020$149.8M
FY2021$149.4M
FY2022$169.1M
FY2023$223.6M
FY2024$210.4M
FY2025$241.6M
Net assets
$3.3B
FY2025▲ +11%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.1B
FY2021$2.7B
FY2022$2.7B
FY2023$2.8B
FY2024$3.0B
FY2025$3.3B

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 1983.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

68 cents of each dollar spent went to programs.

Program services 68% · $163.9M Management & general 20% · $48.6M Fundraising 12% · $29.1M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

18 people listed on the 990; $5.9M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
President & CEO
$1,308,356Pt VII · Sec A
Chief Investment Officer
$1,240,963Pt VII · Sec A
SR VP Development
$609,260Pt VII · Sec A
VP & CFO
$505,941Pt VII · Sec A
Investment Director
$456,400Pt VII · Sec A
VP & General Counsel
$337,201Pt VII · Sec A
VP for Development
$314,478Pt VII · Sec A
Asst Director Investments
$295,416Pt VII · Sec A

Tyson T Voelkel’s $1.3M as President & CEO is at the 83rd percentile of top reported officer pay among 674 $100M+ education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Tyson T Voelkel$1,308,356$1,009,689$962,250$661,480$602,504$658,952
Michael D Pia$1,240,963$1,179,960$904,219$518,035$250,114—
John Morris$609,260$178,674————
John a Huser$505,941$465,989$453,115$403,466$341,812$344,676
James J Palincsar——$475,388$422,720$360,083$362,706
Ross Willmann$456,400$428,384$386,264$266,521——
William L Fusselman$337,201$290,113$311,760$275,113$240,951$230,141
Chastity Carrigan$314,478$252,330$236,621———

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Texas A&m Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Raises and manages philanthropic funds to support faculty teaching, research, and student programs at Texas A&M University.

Questions for Texas A&m Foundation

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Provided by the organization

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3 programs · $163.5M · in their own filed words · FY2024
01

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.

$103.4Mprogram expense
02

Scholarships/Fellowships

Provide financial aid for both undergraduates and graduates with both non-endowed scholarships and fellowships and funds generated from endowments.

$43.7Mprogram expense
03

Faculty Support

Provide funding for faculty teaching, research, recruitments and retention with both non-endowed funds and funds generated from endowment.

$16.5Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
See all 12 funders →
Grants paid · 24 grants · $718.1M · 2019–2024
Texas A&m UniversityFY2024$103,359,632
Texas A&m UniversityFY2024$42,943,045
Texas A&m UniversityFY2024$16,372,296
Texas A&m UniversityFY2024$372,540
Texas A&m UniversityFY2023$79,084,020
Texas A&m UniversityFY2023$37,601,945
Texas A&m UniversityFY2023$11,108,530
Texas A&m UniversityFY2023$448,519
Texas A&m UniversityFY2022$82,739,198
Texas A&m UniversityFY2022$44,467,031
Texas A&m UniversityFY2022$12,626,964
Texas A&m UniversityFY2022$926,643
Texas A&m UniversityFY2021$54,170,268
Texas A&m UniversityFY2021$37,138,680
Texas A&m UniversityFY2021$12,529,339
Texas A&m UniversityFY2021$393,520
Texas A&m UniversityFY2020$48,834,317
Texas A&m UniversityFY2020$34,259,122
See all 24 grants →

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$433.9M
Ln 12
Gifts and grantsLn 1h$260.7M
Investment incomeLn 3$170.2M
Other incomeLn 4–11$3.1M
Money outPt IX
$241.6M
Ln 25
Programscol B$163.9M
Managementcol C$48.6M
Fundraisingcol D$29.1M
Owns and owesPt X
$3.3B
net assets · Ln 32
Cash and savingsLn 1–2$68.3M
Total assetsLn 16$3.7B
LiabilitiesLn 26$425.3M
PeoplePt VI, VII
18
listed · VII A
PaidVII A11
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$260.7M
Noncash giftsLn 1g$23.3M
Investment incomeLn 3$170.2M
Other incomeLn 4–11$3.1M
Gains on assetsLn 7$102.1M
Total revenueLn 12$433.9M
Assets in detailPt X, end of year
SavingsLn 2$68.3M
Cash and savings togetherLn 1–2$68.3M
InvestmentsLn 11–13$3.36B
Land, buildings, equipmentLn 10c$24.7M
Other assetsLn 15$71.1M
Total assetsLn 16$3.7B
LiabilitiesLn 26$425.3M
Net assetsLn 32$3.3B
OperationsPt I, VI
EmployeesI 5201
VolunteersI 657
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$73.4M$68.3M
InvestmentsLn 11–13$3.10B$3.36B
Land, buildings, equipmentLn 10c$23.9M$24.7M
Total assetsLn 16$3.40B$3.74B
LiabilitiesLn 26$406.3M$425.3M
Net assetsLn 32$2.99B$3.31B
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$163.0M$163.0M
Grants and assistance to foreign recipientsLn 3$872K$872K
Pay of current officers, directors and key staffLn 5$5.1M$0$3.2M$1.8M
Other salaries and wagesLn 7$21.2M$5.5M$15.8M
Pension plan contributionsLn 8$2.3M$577K$1.7M
Other employee benefitsLn 9$2.2M$582K$1.7M
Payroll taxesLn 10$1.6M$453K$1.2M
Legal feesLn 11b$61K$38K$23K
Accounting feesLn 11c$309K$309K
Lobbying feesLn 11d$1K$1K
Professional fundraising feesLn 11e$255K$255K
Investment management feesLn 11f$35.7M$35.7M
Other fees for servicesLn 11g$186K$0$67K$118K
Advertising and promotionLn 12$1.8M$155K$1.6M
Office expensesLn 13$823K$116K$707K
Information technologyLn 14$1.1M$327K$757K
OccupancyLn 16$619K$198K$420K
TravelLn 17$869K$229K$640K
Conferences, conventions and meetingsLn 19$324K$146K$178K
Depreciation, depletion and amortizationLn 22$987K$326K$661K
InsuranceLn 23$224K$98K$126K
Other expenses (24a–d)Ln 24$1.6M$440K$1.1M
All other expensesLn 24e$373K$0$124K$249K
Total functional expensesLn 25$241.6M$163.9M$48.6M$29.1M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $433.9M$241.6M$192.4M$3.3B 990 PDF
FY2024 $338.7M$210.4M$128.3M$3.0B 990 PDF
FY2023 $293.3M$223.6M$69.7M$2.8B 990 PDF
FY2022 $302.9M$169.1M$133.8M$2.7B 990 PDF
FY2021 $201.3M$149.4M$51.9M$2.7B 990 PDF
FY2020 $282.5M$149.8M$132.7M$2.1B 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support F · Foreign M · Noncash J · Pay O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $433,941,574 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $173,561,219$260,704,826
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $161,910,055$170,177,060
I-11 Other revenuePrior year $3,190,381$3,059,688
I-12 Total revenuePrior year $338,661,655$433,941,574
I-13 Grants and similar amounts paidPrior year $135,777,777$163,919,569
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $30,486,500$32,483,839
I-16a Professional fundraising feesPrior year $133,882$255,310
I-17 Other expensesPrior year $43,952,738$44,922,347
I-18 Total expensesPrior year $210,350,897$241,581,065
I-19 Revenue less expensesPrior year $128,310,758$192,360,509
Part VI · Governance 7 of 7 board members independent, no flags
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $433,941,574 across 9 lines filed
VIII-1f All other contributions, gifts and grants$260,704,826
VIII-1g Noncash contributions (included above)$23,334,682
VIII-1h Total contributions, gifts and grants$260,704,826
VIII-3 Investment incomeUnrelated business $33,173,938 · Excluded from tax $34,938,579$68,112,517
VIII-5 RoyaltiesExcluded from tax $2,609,796$2,609,796
VIII-6 Net rental income or lossExcluded from tax $9,548$9,548
VIII-7 Net gain or loss on sales of assetsUnrelated business $10,307,714 · Excluded from tax $91,756,829$102,064,543
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $440,344$440,344
VIII-12 Total revenueRelated to mission $0 · Unrelated business $43,481,652 · Excluded from tax $129,755,096$433,941,574
Part IX · Statement of functional expenses $241,581,065 across 23 lines filed
IX-1 Grants to domestic organizationsPrograms $163,047,513$163,047,513
IX-3 Grants and assistance to foreign recipientsPrograms $872,056$872,056
IX-5 Pay of current officers, directors and key staffPrograms $0 · Management $3,210,601 · Fundraising $1,845,726$5,056,327
IX-7 Other salaries and wagesManagement $5,453,502 · Fundraising $15,786,934$21,240,436
IX-8 Pension plan contributionsManagement $576,776 · Fundraising $1,719,495$2,296,271
IX-9 Other employee benefitsManagement $581,718 · Fundraising $1,666,661$2,248,379
IX-10 Payroll taxesManagement $453,035 · Fundraising $1,189,391$1,642,426
IX-11b Legal feesManagement $38,108 · Fundraising $23,296$61,404
IX-11c Accounting feesManagement $309,283$309,283
IX-11d Lobbying feesPrograms $1,244$1,244
IX-11e Professional fundraising feesFundraising $255,310$255,310
IX-11f Investment management feesManagement $35,727,311$35,727,311
IX-11g Other fees for servicesPrograms $0 · Management $67,474 · Fundraising $118,265$185,739
IX-12 Advertising and promotionManagement $154,883 · Fundraising $1,611,247$1,766,130
IX-13 Office expensesManagement $115,691 · Fundraising $706,928$822,619
IX-14 Information technologyManagement $326,566 · Fundraising $757,245$1,083,811
IX-16 OccupancyManagement $198,086 · Fundraising $420,424$618,510
IX-17 TravelManagement $228,781 · Fundraising $639,961$868,742
IX-19 Conferences, conventions and meetingsManagement $145,509 · Fundraising $178,131$323,640
IX-22 Depreciation, depletion and amortizationManagement $325,597 · Fundraising $661,061$986,658
IX-23 InsuranceManagement $97,930 · Fundraising $126,066$223,996
IX-24 Other expenses (24a–d)Management $439,606 · Fundraising $1,131,082$1,570,688
IX-24e All other expensesPrograms $0 · Management $123,629 · Fundraising $248,943$372,572
IX-25 Total functional expensesPrograms $163,920,813 · Management $48,574,086 · Fundraising $29,086,166$241,581,065
Part X · Balance sheet $3,738,939,807 assets, 15 lines filed
X-2 Savings and temporary cash investmentsStart of year $73,407,138$68,312,684
X-3 Pledges and grants receivableStart of year $136,760,915$208,768,838
X-4 Accounts receivableStart of year $4,566,263$5,248,773
X-10c Land, buildings and equipment, netStart of year $23,894,372$24,723,560
X-11 Publicly traded securitiesStart of year $1,289,091,560$1,350,479,717
X-12 Other securitiesStart of year $1,808,402,877$2,010,301,847
X-15 Other assetsStart of year $64,427,485$71,104,388
X-16 Total assetsStart of year $3,400,550,610$3,738,939,807
X-17 Accounts payable and accrued expensesStart of year $7,259,795$6,685,156
X-25 Other liabilitiesStart of year $399,066,106$418,619,616
X-26 Total liabilitiesStart of year $406,325,901$425,304,772
X-27 Net assets without donor restrictionsStart of year $112,538,234$125,485,126
X-28 Net assets with donor restrictionsStart of year $2,881,686,475$3,188,149,909
X-32 Total net assets or fund balancesStart of year $2,994,224,709$3,313,635,035
X-33 Total liabilities and net assetsStart of year $3,400,550,610$3,738,939,807
Part XI · Reconciliation of net assets $3,313,635,035 net assets at year end
XI-1 Total revenue$433,941,574
XI-2 Total expenses$241,581,065
XI-3 Revenue less expenses$192,360,509
XI-4 Net assets at start of year$2,994,224,709
XI-5 Net unrealized gains (losses) on investments$129,724,709
XI-6 Donated services and use of facilities$0
XI-9 Other changes in net assets−$2,674,892
XI-10 Net assets at end of year$3,313,635,035

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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