Randolph Foundation for Higher
Randolph Foundation for Higher is a private foundation focused on Education, based in Lubbock, TX. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $40.7M in total assets. In 2025, it awarded 3 grants totaling $2.2M. Net investment income was $1.4M.
Randolph Foundation for Higher at a glance
In short: Randolph Foundation for Higher gave $2.2M across 3 grants in 2025 (avg $722K), top state Arizona. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $2,166,180
- +116.6% vs 2024
- Grants made (2025)
- 3
- +200.0% vs 2024
- Average grant
- $722,060
- -27.8% vs 2024
- Median grant
- $1,040,000
- Total assets
- $40,748,217
- -35.8% vs 2024
- Primary geography
- Arizona (49% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Randolph Foundation for Higher funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
The largest 2025 recipient was Arizona State University Foundation ($1.1M). Together the top 2 received $2.1M.
Organizations only. It also paid 1 grant to individuals ($56,780), which are not listed by name.
Grant Size Distribution
12 grants across all recorded years
The most common grant size was under $50K: 6 grants of 12 (50%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 3 itemized grants.
Cities
How Randolph Foundation for Higher gives
- Giving grew 43224% from 2022 to 2025. Method
- In 2025 it paid out 128% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $5K (2022) to $2.2M (2025). In 2025 it made 3 grants totaling $2.2M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Arizona State University Foundation Tempe, AZ | Support | $1,069,400 |
| Texas Am University College Station, TX | Support | $1,040,000 |
| 1 grant to individuals Recipients not named | — | $56,780 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $40,748,217 | $1,586,458 | $2,300,836 | $2,166,180 | 3 | $2,166,180 | $1,448,102 | $1,694,014 |
| 2024 | $63,428,559 | $612,566 | $1,112,942 | $1,000,000 | 1 | $1,000,000 | $518,314 | $296,544 |
| 2023 | $68,916,597 | $985,544 | $51,709 | $11,000 | 3 | $11,000 | $826,192 | $259,961 |
| 2022 | $46,691,561 | $232,829 | $29,064 | $5,000 | 1 | $5,000 | $197,565 | — |
| 2021 | $25,504,300 | $322,913 | $1,367,574 | $1,348,250 | 4 | — | $115,577 | $45,326 |
| 2020 | $4,528,926 | $64,854 | $356,471 | $343,570 | 4 | — | $50,453 | $211,504 |
| 2019 | $4,820,543 | $5,398,362 | $1,094,978 | $1,087,431 | 3 | — | $26,619 | $91,161 |
Under IRS private-foundation payout rules, Randolph Foundation for Higher reported a distributable amount of $1.7M for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Randolph Foundation for Higher's 2025 filing lists 5 officers; 3 of 5 officers listed in 2025 are compensated.
Officers on the 2025 filing
Dawna L. Randolph
Director
Governing Member → Director, 2021
On filings since 2019
2 hrs/week
$1K (2021) → $2K (2025)
Nick D. Randolph
Director
Governing Member → Director, 2021
On filings since 2019
2 hrs/week
$1K (2021) → $0 (2025)
Karen Leann Randolph
Director
On filings since 2020
2 hrs/week
$1K (2021) → $2K (2025)
Troy Dawn Randolph Jr.
Director
On filings since 2020
2 hrs/week
$1K (2021) → $2K (2025)
Doug E. Randolph
Director
Governing Member → Director, 2020
On filings since 2019
2 hrs/week
No compensation reported
Former officers (2)
- Former: Dawna L. Randolph-Gilbert (2020) — Director
- Former: Nicholas D. Randolph (2020) — Director
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $2K, to Dawna L Randolph (Director). 3 officers or directors reported compensation on that filing.
Frequently asked questions about Randolph Foundation for Higher
How much does Randolph Foundation for Higher give each year?
Randolph Foundation for Higher gave $2.2M across 3 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $1.0M across 1 grant.
What is Randolph Foundation for Higher's typical grant size?
Randolph Foundation for Higher's median grant in 2025 was $1,040,000, and its average grant was $722,060, across 3 grants on its 2025 IRS Form 990-PF.
Where does Randolph Foundation for Higher give grants?
Randolph Foundation for Higher's top state is Arizona, with 49% of the grant dollars itemized on its 2025 IRS Form 990-PF. The next largest state was Texas (48%).
Does Randolph Foundation for Higher give general operating support?
Not in 2025: none of the 3 grants with a stated purpose on Randolph Foundation for Higher's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Support" (3 grants).
How large is Randolph Foundation for Higher?
Randolph Foundation for Higher reported $40.7M in total assets on its 2025 IRS Form 990-PF. It paid out $2.2M in qualifying distributions that year, against a required minimum of $1.7M (roughly 5% of its investment assets).
What is Randolph Foundation for Higher?
Randolph Foundation for Higher is a private foundation focused on Education, based in Lubbock, TX. It holds $40.7M in total assets as of 2025.
What is Randolph Foundation for Higher's EIN?
Randolph Foundation for Higher's EIN (Employer Identification Number) is 46-4294206. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2019 (received by the IRS December 9, 2019)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 6, 2026)
- IRS filings on file for fiscal years 2020–2024
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