2018-05-09T07:28:04-05:00 2017-06-30 BKD LLP 2700 POST OAK BLVD ST 1500 HOUSTON TX 77056 990 2016-07-01 742245072 Texas A&M Foundation % JOHN HUSER TEXA 9798458161 401 George Bush Drive College Station TX 778402811 JOHN HUSER VP & CFO 9798458161 2018-05-15 true Jana Kirksey P01261744 7134994600 2016 2022-09-23 18:48:47Z TYSON VOELKEL 401 GEORGE BUSH DRIVE COLLEGE STATION TX 778402811 435759157 false X txamfoundation.com X 1953 TX FUNDRAISING AND ASSET MANAGEMENT FOR BENEFIT OF TEXAS A&M UNIVERSITY AT COLLEGE STATION. 7 7 144 101 -1262044 127120843 142719552 0 0 76065063 84787379 2657800 1431980 205843706 228938911 66884523 75473232 0 0 15731651 17340926 21900 11100 18029390 17678567 23588263 100316641 116413521 105527065 112525390 1783600130 2049026246 223836847 258006249 1559763283 1791019997 X TEXAS A&M FOUNDATION IS THE PRIMARY ACADEMIC FUNDRAISING INSTITUTION FOR TEXAS A&M UNIVERSITY. THE FOUNDATION INSPIRES PHILANTHROPY TO SUPPORT AND SHARE IN THE UNIVERSITY'S PROMISING FUTURE. FOUNDATION STAFF MEMBERS SOLICIT CONTRIBUTIONS AND MANAGE INVESTMENTS TO SUPPORT ACADEMICS AND LEADERSHIP PROGRAMS ESSENTIAL TO THE UNIVERSITY'S PURSUIT TO BE AMONG THE BEST UNIVERSITIES. false false 41309490 41309490 DEPARTMENTAL SUPPORT: PROVIDE NEEDED FUNDS TO SUPPORT VARIOUS COLLEGE AND DEPARTMENTAL NEEDS AND ACTIVITIES THROUGH BOTH NON-ENDOWED FUNDS AND FUNDS GENERATED FROM ENDOWMENTS. 24816051 24816051 SCHOLARSHIPS/FELLOWSHIPS: PROVIDE DIRECT FINANCIAL AID FOR BOTH UNDERGRADUATES AND GRADUATES WITH BOTH NON-ENDOWED SCHOLARSHIPS AND FUNDS GENERATED FROM SCHOLARSHIP ENDOWMENTS. 8347691 8347691 FACULTY SUPPORT: PROVIDE FUNDING FOR FACULTY TEACHING AND RESEARCH WITH BOTH NON-ENDOWED FUNDS AND FUNDS GENERATED FROM ENDOWMENTS. 1000000 1000000 INSTITUTIONAL SUPPORT 1000000 1000000 75473232 true true false true false false true true false true true true false false true false true false false false true true false true false false false true false true false false false false false false false false true false false false false true false false false true X 211 0 true 144 true true false true CA MX CJ UK LU DA IN JA KS false false false true true false false false false X 7 7 false false false false false true false true true false false true true true true true true true true false AZ AR CA DC IL KY ME MD MA MI MN MO NV NH NJ NY OH OR PA SC UT WA WV X JOHN HUSER 9798458161 401 GEORGE BUSH DRIVE COLLEGE STATION TX 77840 X OTWAY DENNY JR TRUSTEE 3.0 0.0 X 0 0 0 KATHLEEN GIBSON TRUSTEE 3.0 0.0 X 0 0 0 GEORGE K HICKOX JR TRUSTEE 3.0 0.0 X 0 0 0 VAN H TAYLOR TRUSTEE 3.0 0.0 X 0 0 0 P WILLIAM TOLER TRUSTEE 3.0 0.0 X 0 0 0 JORGE A BERMUDEZ TRUSTEE 3.0 0.0 X 0 0 0 T RANDALL CAIN TRUSTEE 3.0 0.0 X 0 0 0 TYSON T VOELKEL PRESIDENT 40.0 0.0 X 354542 0 68879 JAMES J PALINCSAR SENIOR VP & ASST. SECRETARY 40.0 0.0 X 319008 0 59677 DOYLE L THOMPSON SENIOR VP & CFO 40.0 0.0 X 309531 0 52754 LISKA F LUSK VP, GENERAL COUNSEL & SECR 40.0 0.0 X 242673 0 49600 JANET A HANDLEY VICE PRESIDENT, INVESTMENTS 40.0 0.0 X 379843 0 52529 CARL F JAEDICKE VP FOR PRINCIPAL GIFTS 40.0 0.0 X 216301 0 41997 BENJAMIN K WALL DIRECTOR, ALT. INVESTMENTS 40.0 0.0 X 250681 0 56178 GLENN R PITTSFORD VICE PRESIDENT, GIFT PLANNING 40.0 0.0 X 185469 0 43487 EDDIE J DAVIS PRINCIPAL GIFTS OFFICER 40.0 0.0 X 282714 0 36302 GEORGE V GRAINGER SR DIRECTOR, STRATEGIC PTNERSH 40.0 0.0 X 194344 0 46146 2735106 0 507549 43 false true false EDGEWOOD MGMT CO 350 PARK AVENUE 18TH FLOOR NEW YORK NY 10022 INVESTMENT MANAGERS 562383 GARDNER RUSSO GARDNER 223 EAST CHESTNUT STREET LANCASTER PA 17602 INVESTMENT MANAGERS 816650 GEER DESIGN INC 662 Westheimer No 115 HOUSTON TX 77098 Marketing Design 530182 NORTHERN TRUST 50 SOUTH LASALLE STREET CHICAGO IL 60603 Investment Custodian 588313 ARTISAN PARTNERS 875 E WISCONSIN AVE ST 800 MILWAUKEE WI 53202 Investment Managers 509685 25 142719552 18642876 142719552 0 20844328 20844328 0 631481 631481 56377 56377 0 56377 56377 260407496 10355801 196765107 10055139 63642389 300662 63943051 -1277687 65220738 0 0 0 0 0 0 0 0 0 Oil & Gas Interests 900099 15643 15643 Other Receipts 900099 728479 728479 744122 228938911 -1262044 87481403 74802042 74802042 0 671190 671190 0 1979149 1333885 645264 0 11627978 2167155 9460823 1703422 477697 1225725 1136607 141840 994767 893770 197100 696670 0 31115 21065 10050 129267 129267 0 11100 11100 17539246 17539246 577112 175561 401551 1757917 21593 1736324 653477 124670 528807 390721 63121 327600 0 437917 144513 293404 767295 99819 667476 0 140606 51724 88882 0 0 359833 118745 241088 110350 47748 62602 GENERAL FUNDRAISING 535702 3630 532072 HR SYSTEMS 59307 19571 39736 EMPLOYEE AWARDS 34563 11406 23157 MEMBERSHIP & DUES 22652 7891 14761 41183 13652 27531 116413521 75473232 22910899 18029390 0 0 73010734 58135351 118069808 137221368 1849289 2032816 0 0 0 0 4518 2000000 0 0 0 0 33318073 7391952 25525521 25926121 1196270428 1340022246 332291191 446669105 0 0 0 0 36578641 37019239 1783600130 2049026246 2094642 2026950 0 0 0 0 0 0 0 0 0 0 0 0 0 0 221742205 255979299 223836847 258006249 X 47704363 68776568 427156415 558958094 1084902505 1163285335 1559763283 1791019997 1783600130 2049026246 112525390 118731324 X false true X true false X 120874792 90786370 126584908 127120843 142719552 608086465 0 0 120874792 90786370 126584908 127120843 142719552 608086465 30146924 577939541 21294480 20628560 24364854 21133008 21644828 109065730 0 0 717152195 0.80588 0.78060 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 14354 14354 116399168 116413522 1000000 250000 1000000 1000000 1000000 1000000 4000000 6000000 19750 10226 14354 44330 250000 250000 250000 250000 1000000 1500000 X 1 1 1 false 3250.00 97510 19377374 X X X false 1269512085 82290980 180729207 21579882 26434173 25298808 1459219409 1276968798 72835980 -14543204 18199769 27434320 20115400 1269512085 1265936924 66116716 5021726 16776499 24792188 18537881 1276968798 1100457373 41610907 182006000 18904806 21203785 18028765 1265936924 981193619 68535280 106830824 15715315 24772721 15614314 1100457373 0.02600 0.79720 0.17680 true false 16536752 0 16536752 13660356 4974204 8686152 3120965 2417748 703217 25926121 NON-MARKETABLE SECURITIES 446669105 F 446669105 0 HELD FOR OTHER CHARITABLE ORGS 197129359 OTHER LIABILITIES 285000 ANNUITIES & TRUSTS PAYABLE 58564940 255979299 330130989 118731324 118731324 211399665 17539246 17539246 228938911 98874275 98874275 17539246 17539246 116413521 SCHEDULE D, PART III, LINE 4 DESCRIPTION OF ORGANIZATION'S COLLECTION DONATED PAINTING AND GLASS ON PUBLIC EXHIBITION AND FOR EDUCATIONAL PURPOSES SCHEDULE D, PART V, LINE 4 INTENDED USE OF ENDOWMENT FUNDS SUPPORT OF TEXAS A&M UNIVERSITY IN ACCORDANCE WITH THE ORGANIZATION'S MISSION STATEMENT. SCHEDULE D, PART II, LINE 9 TEXAS A&M FOUNDATION ORIGINALLY RECEIVED THE HISTORIC HOME AND COTTAGE REFERRED TO AS HIRSHFELD HOUSE OR HIRSHFELD MOORE HOUSE LOCATED IN AUSTIN TEXAS IN 1977 WITH THE DONORS INTENT THAT THE HOME AND COTTAGE BE EITHER USED OR SOLD AND PROCEEDS USED FOR THE BENEFIT OF TEXAS A&M UNIVERSITY IN COLLEGE STATION. IN DECEMBER 1986, TEXAS A&M UNIVERSITY/TEXAS A&M UNIVERSITY SYSTEM, REQUESTED FROM TEXAS A&M FOUNDATION TO HAVE USE OF THE HOUSE TO SUPPORT THE UNIVERSITYS BUSINESS IN AUSTIN AS A UNIVERSITY FACILITY WITH A CLAUSE THAT THE TITLE RETURN TO TEXAS A&M FOUNDATION IN THE EVENT OF ITS NON-USE. THE TEXAS A&M UNIVERSITY SYSTEM OFFICE OUTGREW THE HISTORIC HOME AND RELOCATED IN LATE 2016, AT WHICH TIME THE PROPERTY WAS DEEDED BACK TO TEXAS A&M FOUNDATION SO THAT FOLLOWING OUR NORMAL POLICY FOR GIFTS OF REAL ESTATE, WE COULD ACTIVELY MARKET THE PROPERTY FOR SALE. DURING OUR YEAR ENDED 6/30/17 WE HAD THE PROPERTY APPRAISED AND CARRIED THE REAL ESTATE ASSET AT THAT APPRAISED VALUE AGGREGATED WITH ALL OTHER AVAILABLE FOR SALE REAL ESTATE PROPERTIES WE HELD AT YEAR END. WE ARE ACTIVELY WORKING WITH WILLING BUYERS TOWARD THE SALE OF THE HOME AND COTTAGE. ALL DEED RESTRICTIONS RELATED TO HISTORIC DESIGNATION ARE CLEARLY ARTICULATED AND DISCLOSED THROUGHOUT OUR MARKETING AND SELLING EFFORTS. AS WE HOLD AND CARE FOR THIS HISTORIC PROPERTY, WE ARE EMPLOYING CONTRACTORS FOR SECURITY AND MAINTENANCE. true Central America and the Caribbean Investments 114547000 North America Investments 11355000 Europe (Including Iceland and Greenland) Investments 14352000 South Asia Investments 1196000 East Asia and the Pacific Investments 6287000 South Asia Program Services business meetings 16240 Central America and the Caribbean Program Services business meetings 800 Central America and the Caribbean Program Services study abroad 108530 East Asia and the Pacific Program Services study abroad 113330 Europe (Including Iceland and Greenland) Program Services study abroad 264670 Middle East and North Africa Program Services study abroad 53330 North America Program Services study abroad 53330 South America Program Services study abroad 33000 Sub-Saharan Africa Program Services faculty travel 45000 Central America and the Caribbean Program Services contributions East Asia and the Pacific Program Services contributions Europe (Including Iceland and Greenland) Program Services contributions Middle East and North Africa Program Services contributions North America Program Services contributions 148425230 148425230 East Asia and the Pacific STUDY ABROAD 113330 Europe (Including Iceland and Greenland) STUDY ABROAD/ FACULTY 264670 Sub-Saharan Africa FACULTY TRAVEL 45000 Middle East and North Africa STUDY ABROAD 53330 Central America and the Caribbean STUDY ABROAD 108530 North America STUDY ABROAD 53330 South America STUDY ABROAD 33000 1 true false true false true false SCHEDULE F, PART II MONITORING OF FUNDS AND ASSISTANCE OUTSIDE OF THE U.S. THE FOUNDATION HAS POLICIES AND PROCEDURES AND REQUIRES ITEMIZED RECEIPTS TO MONITOR FOUNDATION DIRECT PAYMENTS TO TAMU STAFF FOR REIMBURSEMENT OF TRAVEL ACTIVITY OUTSIDE OF THE UNITED STATES. QUALIFYING EXPENSES ARE APPROVED AT A HIGHER LEVEL OF AUTHORITY THAN THE TRAVELER. THE FOUNDATION ALSO TRANSFERS FUNDS DIRECTLY TO TEXAS A&M UNIVERSITY FOR SUPPORT WHICH MAY OR MAY NOT INCLUDE FOREIGN ACTIVITIES--THESE ARE NOT INCLUDED IN THIS SCHEDULE AND AMOUNTS ARE UNKNOWN. SCHEDULE F, PARTS I & II THE ORGANIZATION PROVIDES GRANTS AND OTHER ASSISTANCE TO TEXAS A&M UNIVERSITY. BASED ON THE IRS INSTRUCTIONS FOR SCHEDULE F BECAUSE THESE GRANTS WERE MADE "TO A PARTICULAR U.S. ORGANIZATION OR ENTITY FOR THE UNDERSTOOD PURPOSE OF ENGAGING DIRECTLY OR INDIRECTLY IN FOREIGN ACTIVITY" THEY ARE REPORTED ON SCHEDULE F PART I AND PART II. THE FUNDS WERE ULTIMATELY USED IN MORE THAN ONE REGION. ALL REGIONS WHOSE SUPPORT EXCEEDED THE $5,000 MINIMUM REPORTING THRESHOLD FOR PART II ARE LISTED IN SCHEDULE F, PART II, LINE 1. REGIONS REPORTED ON SCHEDULE F, PART I BELOW THE $5,000 THRESHOLD ARE NOT REPORTED IN PART II. X X X X true Marts Lundy Inc Consulting false 11100 11100 AL AK AZ AR CA CO DC GA HI IL KY ME MD MA MI MN MS MO NV NH NJ NY OH OK OR PA SC TN UT VA WA WV true TEXAS A&M UNIVERSITY C/O TEXAS AM FOUNDATION 401 GEORGE BUSH DRIVE COLLEGE STATION TX 778402811 746000531 24232749 SCHOLARSHIPS/FELLOWSHIPS TEXAS A&M UNIVERSITY C/O TEXAS AM FOUNDATION 401 GEORGE BUSH DRIVE COLLEGE STATION TX 778402811 746000531 8259803 FACULTY SUPPORT TEXAS A&M UNIVERSITY C/O TEXAS AM FOUNDATION 401 GEORGE BUSH DRIVE COLLEGE STATION TX 778402811 746000531 1000000 INSTITUTIONAL SUPPORT TEXAS A&M UNIVERSITY C/O TEXAS AM FOUNDATION 401 GEORGE BUSH DRIVE COLLEGE STATION TX 778402811 746000531 41309490 DEPARTMENTAL SUPPORT 1 0 SCHEDULE I, PART I, QUESTION 2 MONITORING USE OF GRANT FUNDS IN THE UNITED STATES TEXAS A&M FOUNDATION REQUIRES A FULL-TIME SENIOR STAFF OR FACULTY MEMBER OF TEXAS A&M UNIVERSITY TO SUBMIT DOCUMENTATION SHOWING THE INTENDED USE FUNDS, AND TO PROVIDE RECEIPTS AND INVOICES WHEN APPLICABLE. X false true X X X false false false false false false false false false TYSON T VOELKEL PRESIDENT 300013 0 27142 0 27387 0 52400 0 16479 0 423421 0 0 0 JAMES J PALINCSAR SENIOR VP & ASST. SECRETARY 264989 0 49828 0 4191 0 45728 0 13949 0 378685 0 0 0 DOYLE L THOMPSON SENIOR VP & CFO 260433 0 47910 0 1188 0 44090 0 8664 0 362285 0 0 0 LISKA F LUSK VP, GENERAL COUNSEL & SECR 200790 0 38319 0 3564 0 35264 0 14336 0 292273 0 0 0 JANET A HANDLEY VICE PRESIDENT, INVESTMENTS 301185 0 57436 0 21222 0 44222 0 8307 0 432372 0 0 0 CARL F JAEDICKE VP FOR PRINCIPAL GIFTS 196674 0 13213 0 6414 0 33325 0 8672 0 258298 0 0 0 BENJAMIN K WALL DIRECTOR, ALT. INVESTMENTS 209957 0 40238 0 486 0 37394 0 18784 0 306859 0 0 0 GLENN R PITTSFORD VICE PRESIDENT, GIFT PLANNING 169508 0 11745 0 4216 0 29623 0 13864 0 228956 0 0 0 EDDIE J DAVIS PRINCIPAL GIFTS OFFICER 225587 0 51453 0 5674 0 27995 0 8307 0 319016 0 0 0 GEORGE V GRAINGER SR DIRECTOR, STRATEGIC PTNERSH 179370 0 12652 0 2322 0 31793 0 14353 0 240490 0 0 0 PART I, LINE 1B COMPENSATION INFORMATION GROSS UP PAYMENTS ARE INCLUDED IN COMPENSATION. SOCIAL CLUB DUES PAID BY TEXAS A&M FOUNDATION FOR STAFF ARE INCLUDED AS TAXABLE FRINGE BENEFITS ON THEIR W2. X 197 13731466 AVG HI/LO ON GIFT DT X 5 895862 TRUSTS NPV X 2 707500 APPRAISAL X 2 2770000 APPRAISAL X 4 538047 APPRAISAL X LIFE INSURANCE 1 1 NET CASH VALUE 5 false true true PART I, LINE 32B THIRD PARTY USE FOR REAL ESTATE PARCELS, THE FOUNDATION USUALLY LISTS THE PROPERTY WITH A LOCAL, PROFESSIONAL REAL ESTATE BROKER FOR SALES FORM 990, PART VI, SECTION B, LINE 11 FORM 990 REVIEW PROCESS DISCUSSION OF THE FORM 990 WAS AN AGENDA ITEM AT THE APRIL 2018, BOARD OF TRUSTEES MEETING. THE VICE PRESIDENT AND CHIEF FINANCIAL OFFICER REVIEWED THE COMPLETED FORM 990, AND IT WAS DISCUSSED AND QUESTIONS ANSWERED. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY MONITORING AND ENFORCEMENT THE OFFICERS, TRUSTEES, AND KEY EMPLOYEES ARE PROVIDED A COPY OF THE ORGANIZATION'S CONFLICT OF INTEREST POLICY AND A DISCLOSURE FORM EACH YEAR. THE DISCLOSURE FORMS ARE RETURNED AND REVIEWED BY THE ORGANIZATION'S IN-HOUSE COUNSEL AND REPORTED TO THE CHAIRMAN OF THE AUDIT COMMITTEE. WITH A BOARD OF ONLY SEVEN TRUSTEES, IT IS NOT DIFFICULT TO DISCERN WHO AMONG THE MEMBERS OF THE BOARD, OFFICERS, AND KEY EMPLOYEES MAY HAVE A RELATIONSHIP, WHICH REQUIRES DISCLOSURE. IF REVIEW OF THE DISCLOSURE FORM DOES NOT REVEAL WHAT IS EXPECTED TO BE DISCLOSED, THE INDIVIDUAL IS CONTACTED BY AN OFFICER OF THE ORGANIZATION FAMILIAR WITH THE REPORTING REQUIREMENTS TO PROVIDE ADDITIONAL EXPLANATION AND A REVISED DISCLOSURE FORM IS RETURNED. THE FORM STATES THAT IT IS THE RESPONSIBILITY OF THE OFFICER, TRUSTEE, OR KEY EMPLOYEE TO UPDATE THE DISCLOSURE IF CIRCUMSTANCES OCCUR THROUGHOUT THE YEAR WHICH NECESSITATE A CHANGE IN THE INFORMATION SUPPLIED. FORM 990, PART IV, SECTION B, LINE 15 THE COMPENSATION COMMITTEE OF THE ORGANIZATION REVIEWS AND APPROVES TOTAL COMPENSATION OF ALL OFFICERS, THE CHIEF INVESTMENT OFFICER, AND INVESTMENT DIRECTORS. THE OFFICERS INCLUDED IN THIS REVIEW ARE THE PRESIDENT, SENIOR VICE PRESIDENT FOR DEVELOPMENT, SENIOR VICE PRESIDENT AND CHIEF FINANCIAL OFFICER, AND VICE PRESIDENT AND GENERAL COUNSEL. COMPARABILITY DATA FOR ALL POSITIONS UNDER REVIEW IS PRESENTED TO THE COMMITTEE. THE COMPENSATION COMMITTEE IS COMPOSED OF THREE MEMBERS OF THE BOARD OF TRUSTEES WHO ARE UNCOMPENSATED VOLUNTEERS. THE PRESIDENT (CHIEF EXECUTIVE) OF THE ORGANIZATION IS PRESENT FOR A PORTION OF THE COMMITTEE MEETING TO PRESENT THE PERFORMANCE AND ACCOMPLISHMENTS OF THE EXECUTIVE STAFF. NONE OF THE REMAINING OFFICERS, CHIEF INVESTMETS OFFICER, NOR INVESTMENT DIRECTORS ARE PRESENT FOR ANY PORTION OF THIS DISCUSSION. THE PRESIDENT IS EXCUSED FROM THEIR COMMITTEE FOR DISCUSSION OF HIS PERFORMANCE AND THE DECISION REGARDING HIS SALARY. NONE OF THE OFFICERS, CHIEF INVESTMETS OFFICER, NOR INVESTMENT DIRECTORS ARE VOTING MEMBERS OF THE COMPENSATION COMMITTEE OR THE BOARD OF TRUSTEES. THE DISCUSSION, DELIBERATION, AND DECISION FOR ALL POSITIONS UNDER REVIEW BY THE COMPENSATION COMMITTEE IS RECORDED IN THE MINUTES OF THE COMMITTEE PREPARED BY THE PRESIDENT AND SIGNED BY THE CHAIR OF THE COMMITTEE FOR PRESENTATION AND APPROVAL AT THE NEXT MEETING OF THE COMMITTEE. THE FULL BOARD OF TRUSTEES RECEIVES AN ORAL REPORT OF THE COMMITTEE MEETING FROM THE COMMITTEE CHAIRMAN, GENERALLY WITHIN 24 HOURS OF THE COMPENSATION COMMITTEE MEETING. EVERY 4-5 YEARS AN OUTSIDE INDEPENDENT CONSULTANT IS HIRED TO REVIEW COMPENSATION TO ENSURE SALARIES ARE COMPARABLE TO SIMILAR ORGANIZATIONS AND MARKET CONDITIONS. THE ORGANIZATION'S LAST REVIEW WAS ACCEPTED AT THE FEBRUARY 2017 MEETING. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS MADE AVAILABLE TO THE PUBLIC THE ARTICLES OF INCORPORATION FOR THE ORGANIZATION ARE AVAILABLE TO THE PUBLIC ON REQUEST FROM THE OFFICE OF THE SECRETARY OF STATE AND ARE FREQUENTLY REQUESTED AND SUPPLIED IN THE COURSE OF GRANT APPLICATIONS TO PRIVATE FOUNDATIONS AND CORPORATE FOUNDATIONS. THE BYLAWS ARE AVAILABLE ON REQUEST TO THE ORGANIZATION BY MEMBERS OF THE PUBLIC. THE CONFLICT OF INTEREST POLICY IS MAINTAINED WITHIN THE ORGANIZATION'S GENERAL POLICIES AND PROCEDURES AND HAS NOT BEEN PRESENTED TO THE PUBLIC IN ANY MANNER. HOWEVER, IF REQUESTED, THE ORGANIZATION'S CONFLICT OF INTEREST POLICY WOULD BE MADE AVAILABLE TO ANY MEMBER OF THE PUBLIC REQUESTING THIS INFORMATION. THE FOUNDATION PRODUCES AN ANNUAL REPORT WHICH INCLUDES THE STATEMENT OF FINANCIAL POSITION AND STATEMENT OF ACTIVITIES AND CHANGES IN NET ASSETS. THIS REPORT IS MAILED TO MANY DONORS AND IS AVAILABLE UPON REQUEST. THE COMPLETE AUDITED FINANCIALS ARE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C CHANGES IN OVERSIGHT PROCESS OR SELECTION PROCESS THERE HAVE BEEN NO CHANGES TO THE ORGANIZATION'S AUDIT COMMITTEE'S RESPONSIBILITIES. FORM 990, PART VI, LINE 7A MEMBERS, STOCKHOLDERS, OR OTHER PERSONS WHO HAD POWER TO ELECT OR APPOINT EACH YEAR AS ONE OF THE TRUSTEE'S TERM ENDS, A NEW TRUSTEE IS SELECTED BY THE ASSOCIATION OF FORMER STUDENTS, A SEPARATE ORGANIZATION THAT ALSO SUPPORTS TEXAS A&M UNIVERSITY. FORM 990, PART V LINE 3B FORM 990T IS IN PROCESS AND WILL BE FILED WITH THE IRS ON OR BEFORE THE EXTENDED DUE DATE. CHARITABLE REMAINDER TRUSTS (43) TRUST TX NA TRUST false false false false false false false false false false false false false false false false false false false false