Randolph Foundation for Higher

LUBBOCK, TX EIN: 46-4294206

Randolph Foundation for Higher is a private foundation focused on Education, based in LUBBOCK, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $63.4M in total assets. In 2024, it awarded 1 grants totaling $1.0M. Net investment income was $518K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$63.4M

-8.0% YoY

Annual Giving

$1.0M

+8990.9% YoY

Grant Count

-66.7% YoY

Avg Grant Size

$1.0M

+27172.7% YoY

Under IRS private-foundation payout rules, Randolph Foundation for Higher reported a distributable amount of $297K for 2024 — the minimum it must pay out in qualifying distributions.

About Randolph Foundation for Higher

Based on IRS filings

Focus Areas

Education

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Texas $1.7M (63%)

Missouri $1.0M (37%)

States

Missouri Texas

Cities

AustinLevellandLubbockSan AngeloSpringfield

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$63,428,559	$68,916,597	$46,691,561
Revenue	$612,566	$985,544	$232,829
Expenses	$1,112,942	$51,709	$29,064
Qualifying Distributions	$1,000,000	$11,000	$5,000
Net Investment Income	$518,314	$826,192	$197,565
Distributable Amount	$296,544	$259,961	—

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2024

Grant Size Distribution

13 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Missouri State University ($1,000,000).

Recipient	Purpose	Amount
MISSOURI STATE UNIVERSITY SPRINGFIELD, MO	SUPPORT HANDBALL PROGRAM	$1,000,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
NICK D RANDOLPH	Director	2	$600
DAWNA L RANDOLPH	Director	2	$1,200
DOUG E RANDOLPH	Director	2	—
TROY RANDOLPH	Director	2	$1,200
KAREN LEANN RANDOLPH	Director	2	$600

Subject Areas

Focus areas based on grantmaking activity

Education

Frequently Asked Questions

What is Randolph Foundation for Higher?

Randolph Foundation for Higher is a private foundation focused on Education, based in LUBBOCK, TX. It holds $63.4M in total assets as of 2024.

How large is Randolph Foundation for Higher?

As of 2024, Randolph Foundation for Higher holds $63.4M in total assets with $613K in annual revenue. It awarded 1 grants totaling $1.0M in 2024.

Where does Randolph Foundation for Higher operate?

Randolph Foundation for Higher has awarded grants in Missouri, Texas.

What size grants does Randolph Foundation for Higher award?

In 2024, Randolph Foundation for Higher awarded 1 grants totaling $1.0M — an average of about $1.0M per grant, based on its IRS Form 990 filings.

How much is Randolph Foundation for Higher required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Randolph Foundation for Higher reported a distributable amount of $297K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

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 2020–2024.