Texas Tech Foundation Inc
Texas Tech Foundation Inc at a glance
In short: Texas Tech Foundation Inc gave $105.0M across 2 grants in 2025 (avg $52.5M), mostly in Texas. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $104,970,496
- -12.8% vs 2024
- Grants made (2025)
- 2
- +0.0% vs 2024
- Average grant
- $52,485,248
- -12.8% vs 2024
- Median grant
- $52,485,248
- Total assets
- $1,127,859,899
- +20.2% vs 2024
- Primary geography
- Texas (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
Who Texas Tech Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was UMC Foundation ($200K).
Organizations only. It also paid 1 individual scholarship ($104,770,496), which are not listed by name.
Grant Size Distribution
9 grants across all recorded years
The most common grant size was $5M or more: 5 grants of 9 (56%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 2 itemized grants.
States
Cities
How Texas Tech Foundation Inc gives
- Giving held roughly steady from 2022 to 2025 (+10%). Method
From the foundation's IRS Form 990 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 $63.8M (2019) to $120.4M (2024). In 2025 it made 2 grants totaling $105.0M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 1 individual scholarship Recipients not named | — | $104,770,496 |
| UMC Foundation Lubbock, TX | To support the construction of the university medical center's new cancer center in which Texas tech university health sciences center faculty and staff shall conduct research, clinical, and teaching activities, as part of its mission | $200,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $1,127,859,899 | $226,572,047 | $108,030,866 | $104,970,496 | 2 | $19,735,940 |
| 2024 | $938,095,082 | $92,698,840 | $122,755,625 | $120,353,636 | 2 | $10,281,022 |
| 2023 | $890,446,404 | $110,148,278 | $97,007,634 | $94,571,903 | 2 | $10,402,526 |
| 2022 | $849,587,948 | $125,336,972 | $96,813,130 | $95,036,759 | 2 | $8,914,426 |
| 2021 | $840,921,024 | $55,341,496 | $106,100,356 | $104,736,445 | 1 | $-9,973,140 |
| 2020 | $716,384,087 | $81,055,486 | $70,211,724 | $68,602,866 | 1 | $19,266,511 |
| 2019 | $712,971,429 | $77,596,427 | $65,094,006 | $63,757,254 | 1 | $-21,296,933 |
About Texas Tech Foundation Inc
Based on IRS filings
Texas Tech Foundation Inc is a public charity focused on Education, based in Lubbock, TX. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $1.1B in total assets. In 2025, it awarded 2 grants totaling $105.0M. Net investment income was $19.7M.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Texas Tech Foundation Inc is led by Patrick Kramer, Chief Executive Officer since 2020 (on filings since 2019); none of the 34 officers listed in 2025 report compensation.
Officers on the 2025 filing
Patrick Kramer
Chief Executive Officer
Chief Operating Officer → Chief Executive Officer, 2020
On filings since 2019
1 hr/week
No compensation reported
Kimberly C. Ford
Chairman
Director → Secretary, 2022
Secretary → Chairman, 2024
On filings since 2019
3 hrs/week
No compensation reported
Jim Skinner
Director
On filings since 2019
2 hrs/week
No compensation reported
Leslie Ward
Director
On filings since 2019
1 hr/week
No compensation reported
Steve Gray
Director
On filings since 2019
2 hrs/week
No compensation reported
Randy Morris
Director
On filings since 2020
2 hrs/week
No compensation reported
Ben Strickling
Director
On filings since 2021
1 hr/week
No compensation reported
Bradley Bouma
Director
On filings since 2021
2 hrs/week
No compensation reported
Cherry Wright
Director
On filings since 2021
4 hrs/week
No compensation reported
Kyle McGraw
Director
On filings since 2021
1 hr/week
No compensation reported
Scott Wisniewski
Director
On filings since 2021
1 hr/week
No compensation reported
Barry Street
Director
On filings since 2022
1 hr/week
No compensation reported
David Alderson
Director
On filings since 2022
1 hr/week
No compensation reported
Tim Winn
Director
On filings since 2022
1 hr/week
No compensation reported
Walt Cathey
Director
On filings since 2022
1 hr/week
No compensation reported
Barney Adams
Director
On filings since 2023
1 hr/week
No compensation reported
Gerald G. Dixon
Director
On filings since 2023
10 hrs/week
No compensation reported
Gordon Davis
Director
On filings since 2023
1 hr/week
No compensation reported
Joe J. Parker Jr.
Director
On filings since 2023
3 hrs/week
No compensation reported
David Copeland
Director
On filings since 2024
1 hr/week
No compensation reported
David King
Director
On filings since 2024
1 hr/week
No compensation reported
Lanny Layman
Director
On filings since 2024
0.5 hrs/week
No compensation reported
Ashley Cash
Director
New on the 2025 filing
1 hr/week
No compensation reported
Brian Heinrich
Director
New on the 2025 filing
1 hr/week
No compensation reported
Gerald Nobles
Director
New on the 2025 filing
1 hr/week
No compensation reported
Jan Elliott
Director
New on the 2025 filing
1 hr/week
No compensation reported
Jim Keffer
Director
New on the 2025 filing
1 hr/week
No compensation reported
John Browlee
Director
New on the 2025 filing
1 hr/week
No compensation reported
Paul Tarwater
Director
New on the 2025 filing
1 hr/week
No compensation reported
Steve Goree
Director
New on the 2025 filing
1 hr/week
No compensation reported
Terry Crofoot
Director
New on the 2025 filing
1 hr/week
No compensation reported
Tim Lancaster
Vice Chairman
Director → Secretary, 2021
Secretary → Vice Chairman, 2022
On filings since 2020
5 hrs/week
No compensation reported
Juan Nevarez
Secretary
Director → Secretary, 2024
On filings since 2022
2 hrs/week
No compensation reported
James Mauldin
Treasurer
On filings since 2024
1 hr/week
No compensation reported
Former officers (46)
- Former: Ben Stribling (2019–2024) — Director
- Former: J. Pat Hickman (2019–2024) — Director
- Former: Jack Rentz (2019–2024) — Director
- Former: Michael F. Owen MD (2019–2024) — Director
- Former: Robert Taylor Jr. (2019–2024) — Director
- Former: Christi Quinn (2020–2024) — Director
- Former: Dennis Kruse (2020–2024) — Director
- Former: Holland O'Neal (2021–2024) — Director
- Former: Robert L. Duncan (2022–2024) — Director
- Former: Kevin Nelson (2024) — Director
- Former: James Keffer (2019–2023) — Director
- Former: Tim G. Culp (2019–2023) — Chairman
- Former: Clay Cash (2020–2023) — Director
- Former: Lea Wright (2020–2023) — Director
- Former: Thomas Nelson (2022–2023) — Director
- Former: Katherine Gilbreath (2023) — Director
- Former: Penny Harkey (2023) — Treasurer
- Former: David Segrest (2019–2022) — Director
- Former: Dory A. Wiley (2019–2022) — Director
- Former: Gary Barnes (2019–2022) — Treasurer
- Former: George McMahan (2019–2022) — Director
- Former: Tom Mathiasmeier (2019–2022) — Director
- Former: Tom Stacy (2019–2022) — Director
- Former: Curtis W. Clerkley Jr. (2019–2021) — Director
- Former: Dale Swinburn (2019–2021) — Director
- Former: Donald R. Sinclair (2019–2021) — Chairman
- Former: J. Kelly Joy (2019–2021) — Director
- Former: Kelly Crofoot (2019–2021) — Director
- Former: Susan Rose (2019–2021) — Director
- Former: Tom Fogarty (2019–2021) — Director
- Former: Tracy K. Elms (2019–2021) — Director
- Former: Mike Gayler (2020–2021) — Director
- Former: Chris Aulds (2021) — Director
- Former: David Turner (2021) — Director
- Former: A. Chris Aulds (2019–2020) — Director
- Former: Alvin New (2019–2020) — Director
- Former: Debra Scioli (2019–2020) — Director
- Former: Allen D. Howard (2019) — Director
- Former: Calvin C. Trammell II (2019) — Director
- Former: David H. Arrington (2019) — Director
- Former: Don Cash (2019) — Director
- Former: Don Maddox (2019) — Chairman
- Former: Dustin R. Womble (2019) — Director
- Former: J. Dale Redman (2019) — Secretary
- Former: Josh Hunt (2019) — Director
- Former: Terry E. Fuller (2019) — 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.
Frequently asked questions about Texas Tech Foundation Inc
How much does Texas Tech Foundation Inc give each year?
Texas Tech Foundation Inc gave $105.0M across 2 grants in 2025, according to its 2025 IRS Form 990. In 2024 it gave $120.4M across 2 grants.
How large is Texas Tech Foundation Inc?
Texas Tech Foundation Inc reported $1.1B in total assets on its 2025 IRS Form 990. Its revenue that year was $226.6M.
What is Texas Tech Foundation Inc?
Texas Tech Foundation Inc is a public charity focused on Education, based in Lubbock, TX. It holds $1.1B in total assets as of 2025.
Where does Texas Tech Foundation Inc operate?
Texas Tech Foundation Inc has awarded grants in Georgia, Texas, Washington.
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 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(8)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS July 8, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS July 14, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS July 17, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS July 8, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS July 8, 2025)
- Added Form 990 for fiscal year 2019 (received by the IRS July 13, 2020)
- Added Form 990 for fiscal year 2025 (received by the IRS July 13, 2026)
- IRS filings on file for fiscal years 2020–2024
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