SEE SCHEDULE O.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$938.1M
+5.4% YoY
Annual Giving
$120.4M
+27.3% YoY
Grant Count
2
+0.0% YoY
Avg Grant Size
$60.2M
+27.3% YoY
About Texas Tech Foundation Inc
Based on IRS filings
Texas Tech Foundation Inc is a nonprofit organization focused on Education, based in LUBBOCK, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $938.1M in total assets. In 2024, it awarded 2 grants totaling $120.4M. Net investment income was $10.3M.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $938,095,082 | $890,446,404 | $849,587,948 |
| Revenue | $92,698,840 | $110,148,278 | $125,336,972 |
| Expenses | $122,755,625 | $97,007,634 | $96,813,130 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $10,281,022 | $10,402,526 | $8,914,426 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
Grant Size Distribution
8 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Texas Tech University System ($120,303,636), Spelman College ($50,000).
| Recipient | Purpose | Amount |
|---|---|---|
| TEXAS TECH UNIVERSITY SYSTEM LUBBOCK, TX | TO PROMOTE HIGHER EDUCATION BY PROVIDING FUNDS FOR SCHOLARSHIPS AND GENERAL FUNDS FOR OPERATION EXPENSES OF THE TEXAS TECH UNIVERSITY SYSTEM. | $120,303,636 |
| SPELMAN COLLEGE ATLANTA, GA | ORIGINAL PURPOSE OF GRANT WAS TO START AN ENDOWMENT IN THE BLACK CULTURAL CENTER AT TTU, HOWEVER, DUE TO THE PASSING OF TEXAS SENATE BILL 17, THE FUNDS WERE REQUESTED TO BE TRANSFERED BY THE ORIGINAL DONOR TO SPELMAN COLLEGE. | $50,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| PATRICK KRAMER | CHIEF EXECUTIVE OFFICER | 1 | — |
| KIMBERLY C FORD | CHAIRMAN | 3 | — |
| TIM LANCASTER | VICE CHAIRMAN | 5 | — |
| JUAN NEVAREZ | SECRETARY | 3 | — |
| JAMES MAULDIN | TREASURER | 1 | — |
| STEVE GRAY | DIRECTOR | 2 | — |
| J PAT HICKMAN | DIRECTOR | 0.25 | — |
| MICHAEL F OWEN MD | DIRECTOR | 5 | — |
| JACK RENTZ | DIRECTOR | 1 | — |
| JIM SKINNER | DIRECTOR | 2 | — |
| BEN STRIBLING | DIRECTOR | 1 | — |
| ROBERT TAYLOR JR | DIRECTOR | 8 | — |
| LESLIE WARD | DIRECTOR | 1 | — |
| DENNIS KRUSE | DIRECTOR | 1 | — |
| RANDY MORRIS | DIRECTOR | 2 | — |
| CHRISTI QUINN | DIRECTOR | 1.5 | — |
| BRADLEY BOUMA | DIRECTOR | 2 | — |
| KYLE MCGRAW | DIRECTOR | 1 | — |
| HOLLAND O'NEAL | DIRECTOR | 0.25 | — |
| BEN STRICKLING | DIRECTOR | 1 | — |
| SCOTT WISNIEWSKI | DIRECTOR | 1 | — |
| CHERRY WRIGHT | DIRECTOR | 4 | — |
| DAVID ALDERSON | DIRECTOR | 1 | — |
| WALT CATHEY | DIRECTOR | 1 | — |
| ROBERT L DUNCAN | DIRECTOR | 1 | — |
| BARRY STREET | DIRECTOR | 1 | — |
| TIM WINN | DIRECTOR | 1 | — |
| BARNEY ADAMS | DIRECTOR | 1 | — |
| JOE J PARKER JR | DIRECTOR | 3 | — |
| GERALD G DIXON | DIRECTOR | 1 | — |
| GORDON DAVIS | DIRECTOR | 1 | — |
| DAVID COPELAND | DIRECTOR | 1 | — |
| DAVID KING | DIRECTOR | 1 | — |
| LANNY LAYMAN | DIRECTOR | 0.5 | — |
| KEVIN NELSON | DIRECTOR | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Texas Tech Foundation Inc?
Texas Tech Foundation Inc is a nonprofit organization focused on Education, based in LUBBOCK, TX. It holds $938.1M in total assets as of 2024.
How large is Texas Tech Foundation Inc?
As of 2024, Texas Tech Foundation Inc holds $938.1M in total assets with $92.7M in annual revenue. It awarded 2 grants totaling $120.4M in 2024.
Where does Texas Tech Foundation Inc operate?
Texas Tech Foundation Inc has awarded grants in Georgia, Texas, Washington.
What size grants does Texas Tech Foundation Inc award?
In 2024, Texas Tech Foundation Inc awarded 2 grants totaling $120.4M — an average of about $60.2M per grant, based on its IRS Form 990 filings.
What is Texas Tech Foundation Inc's EIN?
Texas Tech Foundation Inc's EIN (Employer Identification Number) is 75-6043842. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Texas Tech Foundation Inc's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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