University of North Texas Foundation Inc logo

University of North Texas Foundation Inc

Public charity · Grantmaker Denton, TX EIN: 23-7232618 Website

The University of North Texas Foundation, inc. Serves as unt's strategic partner in managing and growing private assets for support of the university's mission. Untf's continuity, flexibility, and creative solutions contribute to fully realizing unt's potential.

Key facts about University of North Texas Foundation Inc

In short: University of North Texas Foundation Inc gave $12.4M across 1 grant in 2025 (avg $12.4M), mostly in Texas. Source: 2025 IRS Form 990.

EIN
23-7232618
Latest 990 filing
Form 990, 2025
Annual giving (2025)
$12,362,865
Grants made (2025)
1
Average grant
$12,362,865
Median grant
$12,362,865
Total assets
$415,501,653
Primary geography
Texas (100% of itemized 2025 grant dollars)

Data from IRS Form 990, 2025; updated September 2026.

Financial Overview

From 2025 IRS Form 990 · View filing

Total Assets

$415.5M

+12.3% YoY

Annual Giving

$12.4M

+16.2% YoY

Grant Count

1

+0.0% YoY

Avg Grant Size

$12.4M

+16.2% YoY

How University of North Texas Foundation Inc gives

  • Giving held roughly steady from 2022 to 2025 (+16%). Method

From the foundation's IRS Form 990 filings. Methodology.

About University of North Texas Foundation Inc

Based on IRS filings

University of North Texas Foundation Inc is a public charity, based in Denton, TX. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $415.5M in total assets. In 2025, it awarded 1 grant totaling $12.4M. Net investment income was $8.8M.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Share of the 2025 grant dollars on its one itemized grant.

States

Cities

Denton

Giving Over Time

Total grant dollars and number of grants per year

$0$5M$10M$15M1 grant2019 1 grant2020 1 grant2021 1 grant2022 1 grant2023 1 grant2024 1 grant2025

From 2019 to 2025, annual grant giving ranged from $6.9M (2019) to $13.5M (2021). In 2025 it made 1 grant totaling $12.4M.

Grant Insights

How this funder distributes its grants

Top Recipients

Top recipient in 2025

University of North Texas: $12.4MUniversity of North Texas$12.4M

The largest 2025 recipient was University of North Texas ($12.4M).

Grant Size Distribution

5 grants across all recorded years

<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M5$5M+

The most common grant size was $5M or more: 5 grants of 5 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
University of North Texas Denton, TXSupport of UNT Programs/Services$12,362,865

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Net Investment Income
$0$20M$40M$60M2019 2020 2021 2022 2023 2024 2025
Metric202520242023
Total Assets$415,501,653$370,133,706$324,598,736
Revenue$20,497,479$24,290,731$20,752,064
Expenses$14,148,870$12,355,070$12,775,921
Net Investment Income$8,786,347$8,913,673$9,003,162

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990 for fiscal year 2020 (received by the IRS March 19, 2021)
  2. Updated Form 990 for fiscal year 2021 (received by the IRS April 29, 2022)
  3. Updated Form 990 for fiscal year 2022 (received by the IRS March 2, 2023)
  4. Updated Form 990 for fiscal year 2023 (received by the IRS February 28, 2024)
  5. Updated Form 990 for fiscal year 2024 (received by the IRS April 3, 2025)
  6. Added Form 990 for fiscal year 2019 (received by the IRS March 20, 2020)
  7. Added Form 990 for fiscal year 2025 (received by the IRS May 6, 2026)
  8. IRS filings on file for fiscal years 2020–2024

Leadership & Key People

Officers and directors from IRS filings

University of North Texas Foundation Inc is led by Lynette Gillis, President & CEO on every filing since 2023; 5 of 28 officers listed in 2025 are compensated.

Officers on the 2025 filing

  • Lynette Gillis

    President & CEO

    On filings since 2023

    40 hrs/week

    $137K (2024) → $397K (2025)

  • Ben Joyner

    Director

    Director → Treasurer, 2022

    Treasurer → Director, 2024

    On filings since 2019

    2 hrs/week

    No compensation reported

  • Bob Sherman

    Director

    Chair → Director, 2020

    On filings since 2019

    2 hrs/week

    No compensation reported

  • C. Dan Smith

    Director

    Secretary → Director, 2024

    On filings since 2019

    2 hrs/week

    No compensation reported

  • Diann Huber

    Director

    On filings since 2019

    2 hrs/week

    No compensation reported

  • Drew Springer Sr.

    Director

    On filings since 2019

    2 hrs/week

    No compensation reported

  • Gayle W. Strange

    Director

    On filings since 2019

    2 hrs/week

    No compensation reported

  • Harry Joe

    Director

    Director → Secretary, 2022

    Secretary → Director, 2024

    On filings since 2019

    2 hrs/week

    No compensation reported

  • Jim McNatt

    Director

    On filings since 2019

    2 hrs/week

    No compensation reported

  • Jonathon Fite

    Director

    On filings since 2019

    2 hrs/week

    No compensation reported

  • Mary Matranga

    Director

    On filings since 2019

    2 hrs/week

    No compensation reported

  • Michael Burgess

    Director

    On filings since 2019

    2 hrs/week

    No compensation reported

  • Randy Robason

    Director

    On filings since 2019

    2 hrs/week

    No compensation reported

  • Sam Golden

    Director

    Vice Chair → Chair, 2020

    Chair → Director, 2022

    On filings since 2019

    2 hrs/week

    No compensation reported

  • Thomas E. Muir

    Director

    Treasurer → Vice Chair, 2022

    Vice Chair → Director, 2024

    On filings since 2019

    2 hrs/week

    No compensation reported

  • Trey Crawford

    Director

    On filings since 2019

    2 hrs/week

    No compensation reported

  • Charlie Smith

    Director

    On filings since 2021

    2 hrs/week

    No compensation reported

  • Sonja Rodgers

    Director

    On filings since 2021

    2 hrs/week

    No compensation reported

  • Brad Bourland

    Director

    On filings since 2023

    2 hrs/week

    No compensation reported

  • Chris Watts

    Director

    On filings since 2023

    2 hrs/week

    No compensation reported

  • Jaime Grassi

    Director

    On filings since 2023

    2 hrs/week

    No compensation reported

  • Ryan Farha

    Director

    On filings since 2023

    2 hrs/week

    No compensation reported

  • Gilbert Gerst

    Director

    On filings since 2024

    2 hrs/week

    No compensation reported

  • Deli Cole Leonce

    Director

    New on the 2025 filing

    2 hrs/week

    No compensation reported

  • Wesley A. Davis

    Controller

    On filings since 2019

    40 hrs/week

    $127K (2019) → $118K (2025)

  • Molly H. Morgan

    Vice President

    V. P.-Admin. → Vice President, 2024

    On filings since 2022

    40 hrs/week

    $77K (2022) → $132K (2025)

  • Zed E. Stephens

    Vice President

    On filings since 2024

    40 hrs/week

    $190K (2024) → $245K (2025)

  • Karen Raitz

    CFO

    New on the 2025 filing

    40 hrs/week

    $122K (2025)

Former officers (22)
  • Former: Aaron Junk (2019–2024) — Director
  • Former: Alfred J. Lockwood (2019–2024) — V P - Inv Administrator
  • Former: Mike Mlinac (2019–2024) — President & CEO
  • Former: Timothy L. Dwight (2019–2024) — Director
  • Former: Ken Wilson Past (2023–2024) — Controller
  • Former: Deli Cole (2024) — Director
  • Former: Sonja Rogers (2024) — Director
  • Former: Cathy Bryce (2019–2023) — Chair
  • Former: Alfred J. Lockwood Past - V. P. (2021–2023) — Investment Administrator
  • Former: Amber Bothwell (2022–2023) — Controller
  • Former: Mike Mlinac Past (2023) — President & CEO
  • Former: Zed E. Stephens - Vp (2023) — Investment Administrator
  • Former: David Glasscock (2019–2022) — Director
  • Former: Frank Dudowicz (2020–2021) — Director
  • Former: James Guillory (2020–2021) — Director
  • Former: Amber Bothwell-Controller (2021)
  • Former: Wesley A. Davis-Controller (2021)
  • Former: Aida Babalola (2019–2020) — Director
  • Former: Bradley Bourland (2019–2020) — Director
  • Former: Don Lovelace (2019–2020) — Director
  • Former: Jim Fincher (2019–2020) — Director
  • Former: Jack Wall (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.

Compensation Overview

From 2025 IRS filing

Lynette Gillis — President & CEO: $397KLynette GillisPresident & CEO$397KZed E Stephens — Vice President: $245KZed E StephensVice President$245KMolly H Morgan — Vice President: $132KMolly H MorganVice President$132KKaren Raitz — CFO: $122KKaren RaitzCFO$122KWesley Davis — Controller (Past): $118KWesley DavisController (Past)$118K

The highest reported compensation on the 2025 filing was $397K, to Lynette Gillis (President & CEO). 5 officers or directors reported compensation on that filing.

Frequently asked questions about University of North Texas Foundation Inc

How much does University of North Texas Foundation Inc give each year?

University of North Texas Foundation Inc gave $12.4M across 1 grant in 2025, according to its 2025 IRS Form 990. In 2024 it gave $10.6M across 1 grant.

How large is University of North Texas Foundation Inc?

University of North Texas Foundation Inc reported $415.5M in total assets on its 2025 IRS Form 990. Its revenue that year was $20.5M.

Where does University of North Texas Foundation Inc operate?

University of North Texas Foundation Inc has awarded grants in Texas.

What is University of North Texas Foundation Inc's EIN?

University of North Texas Foundation Inc's EIN (Employer Identification Number) is 23-7232618. IRS Form 990 filing data is available on this page for 2019–2025.

Data last updated September 2026. Sourced from IRS Form 990 filings.

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