2015-07-15T06:09:19-07:00 2014-08-31 Davis Kinard & Co PC 400 Pine St Ste 600 Abilene TX 79601 990 2013-09-01 756043842 Texas Tech Foundation Inc TEXA 8067429000 PO Box 41102 Lubbock TX 79409 JIM BRUNJES CFO 2015-07-15 true Joe Melson CPA P00158111 3256724000 2013 2016-03-07 17:11:31Z 411846681 false false X www.give2tech.com/foundation X 1939 TX Acceptance, investment, and distribution of gifts for the benefit of the TTU system. 37 37 0 37 0 40274560 41716310 0 17831586 46448022 344962 350408 58451108 88514740 35273480 24524333 0 0 0 663200 2774158 2865072 38047638 27389405 20403470 61125335 479985130 553800378 968499 553979 479016631 553246399 The Foundation is an advocate for successful performance by:- positioning Texas Tech University System as an institution of distinction;- raising funds on behalf of the universities and health sciences centers;- stewardship of funds, caring for donors, and reporting on gifts and endowments;- a partnership approach with the board of regents on investment and oversight;- and supporting and promoting all colleges, school programs, and campuses of the Texas Tech University System. The Foundation was formed to seek and obtain gifts for the institutions; to receive, hold, invest, and administer property of any type given to the institutions or for the benefit of the institutions; and to make expenditures to or for the benefit of the institutions. false false 26726205 24524333 The organization was founded to function as a conduit for the acceptance, investment, and distribution of private gifts given for the activities and programs related to the mission, role, and scope of the Texas Tech University system. 26726205 true true false false false false false false false true true true false false false true true false false false false false false false true false false true false false false false false false false false false false false false false true true false false false true false false false false true 0 0 false 0 false false false false false false false true true false 0 false false false false false false false false false false X 37 37 false true false false false false false true true false false true true true true true true false false false X X Texas Tech University 8067429000 15th Akron Lubbock TX 79409 X DAVID ARRINGTON DIRECTOR 1.00 0.00 X 0 0 0 TONY AUSTIN VICE CHAIRMAN 1.00 0.00 X X 0 0 0 BRADLEY BARRON DIRECTOR 1.00 0.00 X 0 0 0 ORAN BERRY III DIRECTOR 1.00 0.00 X 0 0 0 WILLIAM BROWN DIRECTOR 1.00 0.00 X 0 0 0 KENNETH BURGESS SR DIRECTOR 1.00 0.00 X 0 0 0 CURTIS CLERKLEY JR DIRECTOR 1.00 0.00 X 0 0 0 KELLY CROFOOT DIRECTOR 1.00 0.00 X 0 0 0 SCOTT DUESER DIRECTOR 1.00 0.00 X 0 0 0 TRACY ELMS DIRECTOR 1.00 0.00 X 0 0 0 H CRAIG EVANS DIRECTOR 1.00 0.00 X 0 0 0 FERN FINCK DIRECTOR 1.00 0.00 X 0 0 0 TERRY FULLER CHAIRMAN 1.00 0.00 X X 0 0 0 ALAN HENRY DIRECTOR 1.00 0.00 X 0 0 0 ROBERT HORSMAN DIRECTOR 1.00 0.00 X 0 0 0 ALLEN HOWARD DIRECTOR 1.00 0.00 X 0 0 0 STEVE HURT DIRECTOR 1.00 0.00 X 0 0 0 EBTESAM ATTAYA ISLAM MD DIRECTOR 1.00 0.00 X 0 0 0 KELLY JOY DIRECTOR 1.00 0.00 X 0 0 0 PAULA KEY DIRECTOR 1.00 0.00 X 0 0 0 J MICHAEL LEWIS DIRECTOR 1.00 0.00 X 0 0 0 KEH-SHEW LU PH D DIRECTOR 1.00 0.00 X 0 0 0 DON MADDOX DIRECTOR 1.00 0.00 X 0 0 0 ROBERT MATEJEK DIRECTOR 1.00 0.00 X 0 0 0 MICHAEL MCVEAN DIRECTOR 1.00 0.00 X 0 0 0 ALVIN NEW DIRECTOR 1.00 0.00 X 0 0 0 J DALE REDMAN SECRETARY 1.00 0.00 X X 0 0 0 SUSAN ROSE DIRECTOR 1.00 0.00 X 0 0 0 DEBRA SCIOLI DIRECTOR 1.00 0.00 X 0 0 0 STEVE SHERWOOD DIRECTOR 1.00 0.00 X 0 0 0 T BRYAN SMITHERMAN MD DIRECTOR 1.00 0.00 X 0 0 0 BILLIE RUTH STONE DIRECTOR 1.00 0.00 X 0 0 0 DALE SWINBURN DIRECTOR 1.00 0.00 X 0 0 0 DAVID THOMAS DIRECTOR 1.00 0.00 X 0 0 0 CALVIN TRAMMELL II DIRECTOR 1.00 0.00 X 0 0 0 LAWRENCE WILLIAMS DIRECTOR 1.00 0.00 X 0 0 0 WARD WILLIFORD DIRECTOR 1.00 0.00 X 0 0 0 0 false false false 0 38320 41677990 5035661 41716310 0 19632160 19632160 0 234075 234075 109653 109653 109653 109653 350014216 323198354 26815862 26815862 26815862 140267 38320 133587 6680 6680 0 0 0 88514740 46798430 24524333 24524333 0 0 0 0 0 0 0 0 0 0 3667 3667 36250 36250 0 0 0 104071 104071 1082299 589704 492595 460308 460308 27621 27621 0 0 413847 402162 11685 0 158920 158920 0 0 0 206569 206569 Supplies 132412 132412 RENT & LEASES 110684 110684 Printing and Publications 76189 76189 Repairs & Maintenance 32071 32071 20164 20164 27389405 26726205 0 663200 0 9493714 7443079 39220025 29294944 7882 21528 0 0 8714 0 0 13237 34367 423652 374932 423652 417186775 78071110 8343188 438503194 0 0 5336663 8504 479985130 553800378 54956 59337 913543 494642 968499 553979 X 18921164 21717653 21650184 21634700 438445283 509894046 479016631 553246399 479985130 553800378 61125335 13104433 X false true X true false X 45173789 39228362 33311035 40274560 31130749 189118495 0 0 45173789 39228362 33311035 40274560 31130749 189118495 32414868 156703627 17477401 18757964 17589017 17889639 19975293 91689314 0 0 280807809 0.55800 0.68840 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 448955875 31902942 54436661 14051398 521244080 376724646 56643571 15741944 154286 448955875 378493475 15165851 10894012 27828692 376724646 351105968 10604875 26913060 10130428 378493475 327058769 24746866 16300265 16999932 351105968 0.02160 0.97820 0.00020 false false false 423652 423652 423652 127603 F 438503194 X 101752760 13104433 133587 13238020 88514740 88514740 27522992 133587 133587 27389405 27389405 Part V, Line 4: Intended uses of the endowment fund. The endowment funds were established to provide funds for the administration of Texas Tech University, the Texas Tech University Health Sciences Center, and Angelo State University. The endowment funds also provide scholarships for the students who attend these schools. Part X : FIN48 Footnote The foundation has adopted the "uncertain tax positions" provisions of US GAAP. The primary tax position of the foundation is its filing status as a tax exempt entity. The foundation determined that it is more likely than not that its tax positions will be sustained upon examination by the Internal Revenue Service or other taxing authorities. There were no penalties or interest recognized during the years ended August 31, 2014 and 2013. The foundation is no longer subject to examinations by federal taxing authorities for years before 2010. Part XI, Line 2d: Other revenue amounts included in F/S but not included on form 990 FUNDRAISING EVENT EXPENSES $133587 Part XII, Line 2d: Other expenses and losses per audited F/S FUNDRAISING EVENT EXPENSES $133587 X X X X false MENTOR BANQUET 165587 38320 127267 1140 4700 24494 55000 7253 CHANCELLOR EVENT 13000 13000 618 15500 24882 178587 38320 140267 1140 5318 39994 55000 32135 133587 6680 true Texas Tech University System PO Box 41092 Lubbock TX 79409 756002622 STATE OF TEXAS 24524333 0 To promote higher education 1 0 Additional Supplemental Information Part II, Line 1, Column (H): Name of Organization: Texas Tech University System(H) Purpose of grant or assistance: To promote higher education by providing funds for scholarships and general funds for operation expenses of the Texas Tech University System. Grantmaker's Description of How Grants are Used The organization's purpose is to provide funds to the Texas Tech University system for scholarships and administration of the university. ALL FUNDS ARE TRANSFERRED DIRECTLY TO THE UNIVERSITY SYSTEM. X 4 22500 APPRAISAL X 78 1895529 QUOTED PRICES X 2 2418912 APPRAISAL X 1 48720 APPRAISAL X CHAR. ANNUITY 8 650000 FACE VALUE false true false Form 990, Part VI, Line 3: Description of Delegated Duties to Management Company Texas Tech University provides the foundation with accounting and fund raising services, personnel, and facilities to conduct the Foundation's business. All are provided at no cost to the Foundation. Form 990, Part VI, Line 11b: Form 990 Review Process An electronic copy of the Form 990 will be distributed to all board members prior to its submission. Each board member will have an opportunity to ask questions or recommend changes before the return is filed. Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts Annually all board members must review the conflict of interest policy and sign off that they will comply. Each board member is required to bring to the attention of the entire board any potential conflicts and excuse themselves from any votes where a conflict, or the appearance of a conflict, of interest exists. Form 990, Part VI, Line 18: Explanation of Other Means Forms Available For Public Inspection The Form 990 is available upon request and on the organization's web site www.give2tech.com/about/financials. Form 990, Part VI, Line 19: Other Organization Documents Publicly Available The Foundation will provide a copy of its governing documents, conflict of interest policy, and financial statements to anyone requesting a copy. These items are available to the public at the foundation's offices on the Texas Tech University campus in Lubbock, TX. Texas Tech University System Box 41092 Lubbock TX 79409 756002622 Institution of higher learning TX 501(c)(3) Line 6 N/A false false true false false false false false false false false false false false false false false false false false Texas Tech University System b 24524333 FMV