2012-07-10T09:09:19-05:00 2011-08-31 BOLINGER SEGARS GILBERT AND MOSS LLP 8215 NASHVILLE AVENUE LUBBOCK TX 79423 990 2010-09-01 756043842 TEXAS TECH FOUNDATION INC TEXA 8067429000 PO BOX 41102 LUBBOCK TX 79409 JIM BRUNJES 8067429000 2012-07-09 1 WILLIAM M MILLER 8067473806 2012-07-09 2010 2016-02-24 21:20:13Z JIM BRUNJES PO BOX 41102 LUBBOCK TX 79409 58385156 0 X WWW.GIVE2TECH.COM/FOUNDATION X 1939 TX ACCEPTANCE, INVESTMENT AND DISTRIBUTION OF GIFTS FOR THE BENEFIT OF THE TTU SYSTEM. 37 37 0 49 0 0 45106740 39228362 0 0 19591465 15005850 617142 1485930 65315347 55720142 48928851 49225300 0 0 0 0 0 0 922776 4494075 4422671 53422926 53647971 11892421 2072171 448650727 467512578 3049045 2004170 445601682 465508408 X THE FOUNDATION IS AN ADVOCATE FOR SUCCESSFUL PERFORMANCE BY: POSITIONING TEXAS TECH AS AN INSTITUTION OF DISTINCTION; RAISING FUNDS ON BEHALF OF TEXAS TECH UNIVERSITY, THE TEXAS TECH UNIVERSITY HEALTH SCIENCES CENTER, AND ANGELO STATE UNIVERSITY; STEWARDSHIP OF FUNDS, CARING FOR DONORS AND REPORTING ON GIFTS AND ENDOWMENTS; A PARTNERSHIP APPROACH WITH THE BOARD OF REGENTS TO INVEST AND OVERSIGHT; AND SUPPORTING AND PROMOTING ALL COLLEGES, SCHOOLS PROGRAMS AND CAMPUSES OF TEXAS TECH UNIVERSITY, TEXAS TECH UNIVERSITY HEALTH SCIENCES CENTER AND ANGELO STATE UNIVERSITY.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. 0 0 52725195 49225300 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. 52725195 1 1 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 X 37 37 1 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X TEXAS TECH UNIVERSITY 8067429000 15TH AKRON LUBBOCK TX 79409 X ALAN HENRY 2.50 X X 0 0 0 JAMES BURKHART 1.50 X X 0 0 0 TERRY FULLER 2.00 X X 0 0 0 DON CASH 1.00 X 0 0 0 BRAD BARRON 0.50 X 0 0 0 ER BROOKS 2.50 X 0 0 0 EBTESAM ATTAYA ISLAM 1.00 X 0 0 0 KENNETH BURGESS 2.50 X 0 0 0 GARY COLLINS 1.00 X 0 0 0 SCOTT DUESER 2.00 X 0 0 0 H CRAIG EVANS 0.60 X 0 0 0 FERN FINCK 1.00 X 0 0 0 ROBERT HORSMAN 1.00 X 0 0 0 STEVE HURT 0.50 X 0 0 0 J MICHAEL LEWIS 0.80 X 0 0 0 RICHARD LIGON 1.30 X 0 0 0 KEH-SHEW LU 0.50 X 0 0 0 MATT MALOUF 0.40 X 0 0 0 ROBERT MATEJEK 1.30 X 0 0 0 R RANDALL ONSTEAD 2.00 X 0 0 0 A LEE PFLUGER 1.50 X 0 0 0 JOHN RACZ 0.50 X 0 0 0 WILLIAM G RITTER 1.30 X 0 0 0 STEVE SHERWOOD 2.00 X 0 0 0 T BRYAN SMITHERMAN 0.50 X 0 0 0 BILLIE RUTH STONE 2.00 X 0 0 0 WARD WILLIFORD 1.00 X 0 0 0 JOHN CARPENTER III 0.90 X 0 0 0 MICHAEL MCVEAN 0.50 X 0 0 0 DAVID THOMAS 1.00 X 0 0 0 TOM WHEAT 1.00 X 0 0 0 LAWRENCE WILLIAMS 2.00 X 0 0 0 ORAN BERRY 0.10 X 0 0 0 PAULA W KEY 0.30 X 0 0 0 H CHRISTOPHER MOTT 0.10 X 0 0 0 J ROBERT BROWN 0.30 X 0 0 0 TONY AUSTIN 1.00 X 0 0 0 JIM BRUNJES 4.00 X 0 0 0 0 0 0 0 0 0 0 0 39228362 3483047 39228362 17431239 17431239 725450 725450 601275 601275 601275 601275 2425389 -2425389 -2425389 -2425389 398830 239625 159205 159205 55720142 0 0 16491780 49225300 49225300 18436 18436 35500 35500 227985 227985 157207 157207 1411222 1411222 143076 143076 545306 538215 7091 111485 111485 285 285 FUNDRAISING EVENTS 795636 795636 SUPPLIES 550429 541865 8564 RENTS 368480 368480 REPAIRS AND MAINTENANCE 57624 57624 53647971 52725195 0 922776 38428679 38591756 39204332 41614048 8285 12458 51609 39905 3113935 3267438 1125026 1125026 1125026 358333773 370174182 3745571 7938111 4639517 4749654 448650727 467512578 155233 124628 2666728 1758271 227084 121271 3049045 2004170 X 13671838 15727340 100604586 93758094 331325258 356022974 445601682 465508408 448650727 467512578 X 2072171 17834555 X X 0 1 1 X 0 X 91757722 84534975 51381176 45173789 39228362 312076024 91757722 84534975 51381176 45173789 39228362 312076024 76285876 235790148 12041543 15999454 17195555 17477401 18757964 81471917 393547941 0.59910 0.61220 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 351105968 10604875 26913060 10130428 378493475 327058769 24746866 16300265 16999932 351105968 336117315 42776384 -42929926 8905004 327058769 0.02800 0.94100 0.03100 0 0 1125026 1125026 1125026 55720142 53647971 2072171 17834555 17834555 19906726 73554697 17834555 17834555 55720142 0 55720142 53647971 0 53647971 0 53647971 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: 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. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE FOUNDATION HAS ADOPTED THE "UNCERTAIN TAX POSITIONS" PROVISIONS OF U.S. 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 THEIR TAX POSITIONS WILL BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE (IRS), OR OTHER TAXING AUTHORITIES. THERE WERE NO PENALTIES OR INTEREST RECOGNIZED DURING THE YEARS ENDED AUGUST 31, 2011 AND 2010. THE FOUNDATION IS NO LONGER SUBJECT TO EXAMINATIONS BY FEDERAL TAXING AUTHORITIES FOR YEARS BEFORE 2006. PART VII - THE AMOUNT OF INVESTMENTS - OTHER SECURITIES ON FORM 990, PAGE 11, PART X, LINE 12 DOES NOT EQUAL OR EXCEED 5% OF THE TOTAL ASSETS ON FORM 990, PAGE 11, PART X, LINE 16 COLUMN B. CONSEQUENTLY IN ACCORDANCE WITH IRS INSTRUCTIONS SCHEDULE D, PART VII HAS BEEN LEFT BLANK. PART IX - THE AMOUNT OF OTHER ASSETS ON FORM 990, PAGE 11, PART X, LINE 15 DOES NOT EQUAL OR EXCEED 5% OF THE TOTAL ASSETS ON FORM 990, PAGE 11, PART X, LINE 16 COLUMN B. CONSEQUENTLY IN ACCORDANCE WITH IRS INSTRUCTIONS SCHEDULE D, PART IX HAS BEEN LEFT BLANK. TAVISTOCK TRIP/GOLF TOURNAMENT 83000 83000 300 15098 11291 KICKOFF LUNCHEON 50235 50235 1616 27051 22 265595 265595 21743 130769 31757 398830 398830 22043 147483 27051 43048 239625 159205 0 TEXAS TECH UNIVERSITY SYSTEM PO BOX 41092 LUBBOCK TX 794091092 756002622 STATE OF TEXAS 49173460 TO PROMOTE HIGHER EDUCATION BY PROVIDING FUNDS FOR SCHOLARSHIPS AND GENERAL FUNDS FOR OPERATION EXPENSES OF THE TEXAS TECH UNIVERSITY SYSTEM.SCHOLARSHIPS: $5,390,223GENERAL OPERATIONS $43,783,237 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: THE ORGANIZATION'S PURPOSE IS TO PROVIDE FUNDS TO THE TEXAS TECH UNIVERSITY SYSTEM FOR SCHOLARSHIPS AND ADMINISTRATION OF THE UNIVERSITY. THE UNIVERISTY AWARDS THE SCHOLARSHIPS TO THE STUDENTS AND THEN MONITORS THE SCHOLARSHIP. X 86 3401495 MARKET QUOTES X OTHER 9 81552 APPRAISAL 0 1 0 FORM 990, PART VI, SECTION A, LINE 2 DIRECTORS JOHN CARPENTER, III AND J. MICHAEL LEWIS BOTH HAVE A 50% INTEREST IN A PROPERTY DEVELOPMENT COMPANY. FORM 990, PART VI, SECTION A, LINE 3 TEXAS TECH UNIVERSITY PROVIDES THE FOUNDATION WITH ACCOUNTING AND FUNDRAISING SERVICES, PERSONNEL AND FACILITIES TO CONDUCT THE FOUNDATION'S BUSINESS. ALL ARE PROVIDED AT NO COST TO THE FOUNDATION. FORM 990, PART VI, SECTION B, LINE 11 A COPY OF THE FORM 990 WAS PROVIDED TO THE BOARD PRIOR TO FILING, AND WILL BE APPROVED AT THE NEXT SCHEDULED QUARTERLY BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 12C 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 APPREARANCE OF A CONFLICT OF INTEREST EXISTS. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION WILL PROVIDE A COPY OF THEIR 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 17,834,555. AUDIT COMMITTEE FORM 990, PAGE 12, PART XII, LINE 2C THE FOUNDATION'S BOARD ASSIGNS MEMBERS OF THE BOARD TO AN AUDIT COMMITTEE. THE AUDIT COMMITTEE IS RESPONSIBLE FOR OVERSEEING THE FINANCIAL STATEMENT AUDIT AND FOR SELECTION OF THE INDEPENDENT CPA WHO WILL PERFORM THE AUDIT. THIS PROCESS HAS NOT CHANGED FROM PRIOR YEARS.