The University of Texas Foundation
The University of Texas Foundation
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About this organization
Mission
The mission of the University of Texas Foundation is to advance education by providing financial support to The University of Texas System, including its branches, departments, schools, and colleges across the fourteen institutions, to enhance research, teaching, scholarship, faculties, and facilities, ensuring excellence in education.
About
The University of Texas Foundation was established by the Board of Regents of The University of Texas System in 1967 to accept and manage gifts supporting the UT Texas System and the 14 institutions. While the UT System and the fourteen institutions are the beneficiaries of the UT Foundation, the foundation functions independently under its own board of directors and pursues its own investment policies to manage its portfolios.
Interesting data from their 2020 990 filing
The filing sets forth the mission of the non-profit as “To advance education through financial support of the university of texas system, including all of its branches, departments, schools and colleges at its fourteen institutions, to improve its research, teaching, scholarship, faculties and facilities.”.
When detailing its responsibilities, they were listed as: “To provide support to the university of texas system institutions.”.
- The state in which the non-profit is legally permitted to operate is TX.
- The address of the non-profit for 2020 according to the filing is 9011 MOUNTAIN RIDGE NO 150, AUSTIN, TX, 78759.
- The number of employees reported by the non-profit on their form as of 2020 is 4.
- Is not a private foundation.
- Expenses are greater than $1,000,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is $7,478,605.
- The organization has 19 independent voting members.
- The organization was formed in 1967.
- The organization pays $313,722 in salary, compensation, and benefits to its employees.
- The organization pays $0 in fundraising expenses.
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