Texas A&m Foundation FY2020 filing

Tax-deductible

College Sta, TX501(c)(3)Since 1953Colleges & UniversitiesEIN 74-2245072Revenue $282.5M in FY2020

On file with the IRStxamfoundation.com401 George Bush Dr, 77840-2811 · College Sta, TXTax-exempt since Jan 1983College/university support org — 170(b)(1)(A)(iv)

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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.
60¢ of each $1 spent went to programs.
$3.1M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · 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
60%
of spending
Worth a look: 60% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$3.1M
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
Cash reserves
3 mo
of spending, in cash
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
$325.1M
13% of total assets
Looks good: liabilities are 13% 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
$282.5M
Spent
$149.8M
To programs
60%
Net assets
$2.1B
By yearFY2020–FY2025
Revenue
$282.5M
FY2020
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
$149.8M
FY2020
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
$2.1B
FY2020
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 FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

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

60 cents of each dollar spent went to programs.

Program services 60% · $90.0M Management & general 25% · $37.2M Fundraising 15% · $22.6M

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

17 people listed on the 990; $3.1M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
President & CEO
$658,952Pt VII · Sec A
SR VP for Development
$362,706Pt VII · Sec A
VP & CFO
$344,676Pt VII · Sec A
Chief Investment Officer
$299,159Pt VII · Sec A
Investment Director
$274,993Pt VII · Sec A
Investment Director
$272,599Pt VII · Sec A
VP & General Counsel
$230,141Pt VII · Sec A
Asst. VP, Strategic Planning
$223,977Pt 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.

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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.

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Provided by the organization

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3 programs · $89.6M · in their own filed words · FY2019
01

Departmental Support

Provide needed funds to support various college and departmental needs and activities through both non-endowed funds and funds generated from endowments.

$50.3Mprogram expense
02

Scholarships/Fellowships

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

$30.0Mprogram expense
03

Faculty Support

Provide funding for faculty teaching and research with both non-endowed funds and funds generated from endowments.

$9.2Mprogram 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 FY2020 990, line by line.

1The main four
Money inPt VIII
$282.5M
Ln 12
Investment incomeLn 3$144.6M
Gifts and grantsLn 1h$136.1M
Other incomeLn 4–11$1.7M
Money outPt IX
$149.8M
Ln 25
Programscol B$90.0M
Managementcol C$37.2M
Fundraisingcol D$22.6M
Owns and owesPt X
$2.1B
net assets · Ln 32
Cash and savingsLn 1–2$42.4M
Total assetsLn 16$2.5B
LiabilitiesLn 26$325.1M
PeoplePt VI, VII
17
listed · VII A
PaidVII A10
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$136.1M
Noncash giftsLn 1g$17.1M
Investment incomeLn 3$144.6M
Other incomeLn 4–11$1.7M
Gains on assetsLn 7$84.2M
Total revenueLn 12$282.5M
Assets in detailPt X, end of year
CashLn 1$0
SavingsLn 2$42.4M
Cash and savings togetherLn 1–2$42.4M
InvestmentsLn 11–13$2.14B
Land, buildings, equipmentLn 10c$17.5M
Other assetsLn 15$48.2M
Total assetsLn 16$2.5B
LiabilitiesLn 26$325.1M
Net assetsLn 32$2.1B
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 FY20End FY20
Cash and savingsLn 1–2$52.2M$42.4M
InvestmentsLn 11–13$2.06B$2.14B
Land, buildings, equipmentLn 10c$19.0M$17.5M
Total assetsLn 16$2.37B$2.47B
LiabilitiesLn 26$278.9M$325.1M
Net assetsLn 32$2.09B$2.14B
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$89.5M$89.5M
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$507K$507K
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$2.1M$1.2M$896K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$15.4M$3.3M$12.0M
Pension plan contributionsLn 8$2.3M$638K$1.7M
Other employee benefitsLn 9$1.6M$269K$1.3M
Payroll taxesLn 10$1.2M$265K$889K
Management feesLn 11a$0
Legal feesLn 11b$35K$10K$25K
Accounting feesLn 11c$221K$217K$4K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$11K$11K
Investment management feesLn 11f$27.7M$27.7M
Other fees for servicesLn 11g$1.4M$527K$860K
Advertising and promotionLn 12$1.9M$18K$1.9M
Office expensesLn 13$651K$92K$560K
Information technologyLn 14$494K$146K$349K
RoyaltiesLn 15$0
OccupancyLn 16$620K$205K$416K
TravelLn 17$532K$80K$452K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$129K$31K$98K
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$405K$140K$264K
InsuranceLn 23$160K$71K$88K
Other expenses (24a–d)Ln 24$2.7M$2.1M$564K
All other expensesLn 24e$398K$129K$269K
Total functional expensesLn 25$149.8M$90.0M$37.2M$22.6M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $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 Viewing $282.5M$149.8M$132.7M$2.1B 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $282,467,067 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $129,386,108$136,068,968
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $116,713,529$144,649,938
I-11 Other revenuePrior year $3,238,594$1,748,161
I-12 Total revenuePrior year $249,338,231$282,467,067
I-13 Grants and similar amounts paidPrior year $106,012,519$89,964,246
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $21,264,110$22,502,521
I-16a Professional fundraising feesPrior year $56,057$11,003
I-17 Other expensesPrior year $33,221,027$37,308,966
I-18 Total expensesPrior year $160,553,713$149,786,736
I-19 Revenue less expensesPrior year $88,784,518$132,680,331
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 $282,467,067 across 10 lines filed
VIII-1f All other contributions, gifts and grants$136,068,968
VIII-1g Noncash contributions (included above)$17,091,182
VIII-1h Total contributions, gifts and grants$136,068,968
VIII-3 Investment incomeUnrelated business −$13,200,748 · Excluded from tax $73,652,918$60,452,170
VIII-5 RoyaltiesExcluded from tax $1,409,291$1,409,291
VIII-6 Net rental income or lossExcluded from tax $10,412$10,412
VIII-7 Net gain or loss on sales of assetsUnrelated business $4,090,999 · Excluded from tax $80,106,769$84,197,768
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $328,458$328,458
VIII-12 Total revenueUnrelated business −$9,109,749 · Excluded from tax $155,507,848$282,467,067
Part IX · Statement of functional expenses $149,786,736 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $89,456,917$89,456,917
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipientsPrograms $507,329$507,329
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffManagement $1,187,624 · Fundraising $896,167$2,083,791
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesManagement $3,329,146 · Fundraising $12,042,200$15,371,346
IX-8 Pension plan contributionsManagement $638,040 · Fundraising $1,681,158$2,319,198
IX-9 Other employee benefitsManagement $268,794 · Fundraising $1,305,295$1,574,089
IX-10 Payroll taxesManagement $265,224 · Fundraising $888,873$1,154,097
IX-11a Management fees$0
IX-11b Legal feesManagement $10,021 · Fundraising $25,153$35,174
IX-11c Accounting feesManagement $216,664 · Fundraising $4,382$221,046
IX-11d Lobbying fees$0
IX-11e Professional fundraising feesFundraising $11,003$11,003
IX-11f Investment management feesManagement $27,721,286$27,721,286
IX-11g Other fees for servicesManagement $527,311 · Fundraising $859,569$1,386,880
IX-12 Advertising and promotionManagement $18,084 · Fundraising $1,859,288$1,877,372
IX-13 Office expensesManagement $91,684 · Fundraising $559,567$651,251
IX-14 Information technologyManagement $145,704 · Fundraising $348,676$494,380
IX-15 Royalties$0
IX-16 OccupancyManagement $204,684 · Fundraising $415,615$620,299
IX-17 TravelManagement $80,041 · Fundraising $452,243$532,284
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsManagement $31,174 · Fundraising $97,643$128,817
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationManagement $140,204 · Fundraising $264,354$404,558
IX-23 InsuranceManagement $71,436 · Fundraising $88,411$159,847
IX-24 Other expenses (24a–d)Management $2,113,880 · Fundraising $563,700$2,677,580
IX-24e All other expensesManagement $129,252 · Fundraising $268,940$398,192
IX-25 Total functional expensesPrograms $89,964,246 · Management $37,190,253 · Fundraising $22,632,237$149,786,736
Part X · Balance sheet $2,465,090,742 assets, 24 lines filed
X-1 Cash, non-interest-bearingStart of year $0$0
X-2 Savings and temporary cash investmentsStart of year $52,225,540$42,430,117
X-3 Pledges and grants receivableStart of year $190,435,352$213,331,112
X-4 Accounts receivableStart of year $2,009,894$2,372,363
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $0$0
X-10c Land, buildings and equipment, netStart of year $18,997,305$17,456,761
X-11 Publicly traded securitiesStart of year $1,500,949,028$1,531,885,681
X-12 Other securitiesStart of year $554,661,567$609,406,971
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $47,730,136$48,207,737
X-16 Total assetsStart of year $2,367,008,822$2,465,090,742
X-17 Accounts payable and accrued expensesStart of year $3,633,552$3,270,387
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $275,276,338$321,799,561
X-26 Total liabilitiesStart of year $278,909,890$325,069,948
X-27 Net assets without donor restrictionsStart of year $79,235,392$78,662,145
X-28 Net assets with donor restrictionsStart of year $2,008,863,540$2,061,358,649
X-32 Total net assets or fund balancesStart of year $2,088,098,932$2,140,020,794
X-33 Total liabilities and net assetsStart of year $2,367,008,822$2,465,090,742
Part XI · Reconciliation of net assets $2,140,020,794 net assets at year end
XI-1 Total revenue$282,467,067
XI-2 Total expenses$149,786,736
XI-3 Revenue less expenses$132,680,331
XI-4 Net assets at start of year$2,088,098,932
XI-5 Net unrealized gains (losses) on investments−$80,758,469
XI-10 Net assets at end of year$2,140,020,794

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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