Texas Tech Foundation
Texas Tech Foundation is a 501(c)(3) nonprofit that raises, manages, and invests private gifts supporting five universities in the Texas Tech University System, operating a $1.78 billion endowment under a disciplined 4.5% payout policy.
- Company typePrivate
- Founded1949
- HeadquartersLubbock, United States
- Headcount1–10
- GTM typeB2C
- OfferingServices
What Texas Tech Foundation does
Texas Tech Foundation, Inc. is a 501(c)(3) nonprofit charitable organization founded in 1949 and headquartered in Lubbock, Texas, operating as the primary fundraising, gift-management, and endowment-investment arm of the Texas Tech University System. It raises, manages, and invests private gifts benefiting all five component institutions: Texas Tech University, Texas Tech University Health Sciences Center, Angelo State University, Texas Tech University Health Sciences Center El Paso, and Midwestern State University. The foundation's offering portfolio spans an online giving platform (Give2Tech/iModules), annual Chancellor's Council partnership memberships, permanent endowments, planned giving instruments (bequests, beneficiary designations, retirement assets, real estate, life insurance), corporate and foundation grants, and employer matching gift programs.
The foundation operates a $1.78 billion endowment (as of 2025) under a Long-Term Investment Fund created in 1996, distributing 4.5% of the 12-quarter rolling average to university spendable accounts every year since inception, with cumulative distributions exceeding $875 million. Its go-to-market combines direct-to-consumer digital fundraising via give2tech.com, event-driven campaigns (Texas Tech Day of Giving, ON&ON Campaign, Leading the Charge Campaign), and community-led alumni and planned giving engagement across its five universities. The foundation is led by CEO Patrick Kramer (also Vice Chancellor for Institutional Advancement) and governed by a volunteer board of directors chaired by Tim Lancaster. Revenue is generated entirely through philanthropic donations, endowment spending distributions, recurring Chancellor's Council memberships, and corporate/foundation grants, with a 1.2% management fee on endowment assets supporting operations.
In FY2025, the foundation concluded with a record $325.9 million in philanthropic and public support, anchored by transformational gifts from Patrick Mahomes ($5M), the Hunt Family Foundation ($5M), John and Paige Bick ($5M), Paso del Norte Health Foundation ($5M), and the James N. McCoy Foundation ($5M). It maintains state-level charitable solicitation registrations across Colorado, Florida, Maryland, Michigan, Mississippi, Washington, and West Virginia, and runs multi-channel donor communications through web, social media, email, and events.
Texas Tech Foundation firmographics
Firmographics- Name
- Texas Tech Foundation
- Legal name
- Texas Tech Foundation, Inc.
- Website
- https://give2tech.com
- Company type
- Private
- Founded year
- 1949
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Texas Tech Foundation is a 501(c)(3) nonprofit that raises, manages, and invests private gifts supporting five universities in the Texas Tech University System, operating a $1.78 billion endowment under a disciplined 4.5% payout policy.
- Ownership category
- akta.pro rank
Texas Tech Foundation industry classification
Industry- Product category
- Higher Education Philanthropy and Endowment Management
- NAICS
- Grantmaking Foundations (813211), Grantmaking and Giving Services (8132)
- SIC
- Services-Educational Services (8200)
- akta.pro primary industry
- Private Foundations (BPAGAKAA)
- akta.pro secondary industry
- Education Grantmaking Foundations (BPAGAKAK)
Keywords
Where Texas Tech Foundation is headquartered
LocationHeadquarters
- HQ city
- Lubbock
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Texas Tech Foundation business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Others
Revenue model
- Philanthropic Donations: The foundation receives charitable contributions from individual donors, alumni, corporations, and other foundations. Donations support scholarships, faculty positions, academic programs, and institutional operations across the five TTU System universities.
- Endowment Distributions: The endowment generates distributions through a 4.5% spending rate on the 12-quarter rolling average. In fiscal year 2023, $71.7 million was distributed to universities. Since 1996, more than $875 million has been distributed.
- Chancellor's Council Memberships: Annual partnership gifts from Chancellor's Council members support top priorities of Chancellor Brandon Creighton, impacting student scholarships and faculty recognition across five universities.
- Corporate and Foundation Grants: Corporate and foundation partners provide grants for scholarships, program support, equipment, research, and capital projects.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| One time/ perpetual license | Pay-as-you-go | Minimum donation of $5.00 for general gifts |
| Subscription | Annual | Chancellor's Council annual partnership gifts |
Go-to-market motion3 records
Distribution channels3 records
Marketing channels6 records
Texas Tech Foundation product offering
Product offeringCore offering
The Texas Tech Foundation is the nonprofit 501(c)(3) fundraising and endowment management arm of the Texas Tech University System. It raises, manages, and invests private charitable gifts on behalf of five universities, providing giving programs including an online donation portal (Give2Tech), the Chancellor's Council annual membership program, endowments, planned giving services, corporate and foundation grants, and employer matching gifts.
Product overview
Texas Tech Foundation operates as the philanthropic arm of the Texas Tech University System, offering a suite of giving programs and services. The core offering is the Give2Tech online giving platform which enables donors to make secure donations. The product portfolio includes the Chancellor's Council (annual partnership membership program), Endowments (permanent funding vehicles invested for long-term growth), Gift Planning (planned giving instruments like bequests and beneficiary designations), Corporate and Foundation Giving (corporate philanthropy coordination), and Matching Gifts (employer donation matching). These services work together as an integrated fundraising ecosystem supporting five TTU System universities: Texas Tech University, Texas Tech University Health Sciences Center, Angelo State University, Texas Tech University Health Sciences Center El Paso, and Midwestern State University.
Differentiator
Problem solved
Functional benefit
Brands
- Give2Tech: The official giving platform for the Texas Tech University System and Texas Tech Foundation, used for online donations to all five universities in the system.
Products and services
- Give2Tech Online Giving Platform Online donation portal enabling donors to make gifts to the Texas Tech University System, supporting various funds including the Chancellor's Council, endowments, and university-specific programs. Built on the iModules software platform.
- Chancellor's Council Annual partnership giving program supporting the top priorities of the Texas Tech University System Chancellor, providing scholarships, faculty recognition, and system-wide initiatives across the five TTU System universities.
- Endowments Permanent funding sources invested for long-term growth through the Long-Term Investment Fund (LTIF) to benefit students, faculty, and academic programs across the TTU System universities. Endowment market value exceeds $1.78 billion.
- Gift Planning Planned giving options including bequests, beneficiary designations, retirement assets, real estate, and life insurance for legacy giving by donors to the Texas Tech University System.
- Corporate and Foundation Giving Program connecting corporations and foundations with giving opportunities across the TTU System universities for scholarships, equipment, research, faculty positions, and program support.
- Matching Gifts Program allowing donors to double or triple their charitable contributions by submitting matching gift forms through their employers, amplifying the impact of individual giving to the TTU System.
Quantifiable outcome
- Distributed $71.7 million to universities in FY2023
- +3 more outcomes
Companies that use Texas Tech Foundation
Customer profileNamed customers6 records
Segments5 records
Ideal customer profiles3 records
Texas Tech Foundation technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Texas Tech Foundation partnerships and signals
Strategic signalPartnerships
Nine partnerships are on record, tiered major.
- BASFmajorLongstanding research partnership between Texas Tech and BASF and its legacy companies, recognized as one of the most impactful research collaborations in university history.
- John and Paige Bickmajor$5 million gift from John and Paige Bick to relaunch the Construction Engineering Technology program at Texas Tech University, part of the ON&ON Campaign exceeding $1 billion.
- Hunt Family Foundationmajor$5 million gift from the Hunt Family Foundation to Texas Tech Health El Paso for the Fox Cancer Center, supporting expansion of world-class cancer care in the Borderplex region.
- James N. McCoy Foundationmajor$5 million gift to Midwestern State University for the renovated and expanded Bolin Science Hall.
- Paso del Norte Health Foundationmajor$5 million grant to Texas Tech Health El Paso to transform cancer care for the Borderplex community.
- Richard MayermajorLong-time ASU supporter who helped fund the $10.2 million ASU Aviation Training Facility.
- Stephens Familymajor$2 million gift to Angelo State University Athletics Endowment as part of the Leading the Charge campaign.
- Patrick Mahomesmajor$5 million gift from the three-time Super Bowl champion to Texas Tech Athletics, pushing South End Zone project funding to $115 million.
- Dr. Fazlur Rahman and Jahanara (Ara) Rahmanmajor$250,000 gift to Angelo State University for the Distinguished Lectureship in Science Honoring Dr. Roy E. Moon.
Scale indicators6 records
Recent moves6 records
Expansion highlights6 records
Texas Tech Foundation competitors and assessment
Company assessmentDirect peers
- University of Colorado Foundation: Multi-billion-dollar public university endowment foundation where Texas Tech Foundation's CEO Patrick Kramer previously served and led a $1.5B campaign, making it a closely comparable fundraising, investment, and stewardship model.
- LSU Foundation: Southeastern Conference university foundation with comparable scale, endowment spending model, and multi-program fundraising operation, frequently benchmarked against Big 12 peer foundations.
- Kansas State University Foundation: Public Big 12 university foundation operating an integrated advancement operation with endowed scholarships, planned giving, and corporate/foundation relations comparable to Texas Tech Foundation's structure.
- Oklahoma State University Foundation: Big 12 peer foundation raising private gifts for a multi-campus Oklahoma public university system — comparable scope of programs (Chancellor's/President's societies, endowments, planned giving) and donor stewardship approach.
- Washington State University Foundation: Public university foundation where Patrick Kramer previously served in development leadership for 15+ years — directly comparable fundraising organization in mission and operating approach.
- Baylor University Foundation: Private Texas university foundation running an integrated advancement operation across Baylor's schools, with similar programs (planned giving, endowed scholarships, corporate relations) and overlapping Texas donor pool.
- Texas A&M Foundation: Foundation that raises, manages, and invests private gifts on behalf of the Texas A&M University System — the most direct large-scale Texas public-university foundation peer, with similar fundraising mandate across multiple component institutions.
Regional players
- University of Houston Foundation: Texas public university development operation competing for many of the same Houston-anchored corporate and energy donor relationships, with similar endowed fund management and Chancellor/President-level giving societies.
Broad incumbents
- University of Texas System Office of Development: University of Texas System development operations and affiliated foundations support a much larger Texas public-university ecosystem, sharing the same Texas donor base and 501(c)(3) fundraising model.
Emerging players
- Midwestern State University Development Office: Internal advancement operation for Midwestern State University — a beneficiary institution of the Texas Tech Foundation — illustrating the smaller-scale development functions the foundation coordinates alongside system-wide programs.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
Texas Tech Foundation social profiles
Digital presenceTexas Tech Foundation compliance and trust
Trust signalCompliance2 records
Texas Tech Foundation financial estimates
Financial estimateRevenue estimate
Valuation estimate
Texas Tech Foundation leadership team
Management profileNumber of profiles
Profiles12 records
Texas Tech Foundation funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Texas Tech Foundation M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Texas Tech Foundation
What does Texas Tech Foundation do?
The Texas Tech Foundation is the nonprofit 501(c)(3) fundraising and endowment management arm of the Texas Tech University System. It raises, manages, and invests private charitable gifts on behalf of five universities, providing giving programs including an online donation portal (Give2Tech), the Chancellor's Council annual membership program, endowments, planned giving services, corporate and foundation grants, and employer matching gifts.
Is Texas Tech Foundation a public or private company?
Texas Tech Foundation is a private company. It is classified as nonprofit foundation owned and is currently operating.
When was Texas Tech Foundation founded?
Texas Tech Foundation was founded in 1949. It employs 1 to 10 people.
Where is Texas Tech Foundation based?
Texas Tech Foundation is headquartered in Lubbock, United States, in the North America region.
How does Texas Tech Foundation make money?
Four revenue lines are on record. Philanthropic Donations are the primary driver. The others are endowment Distributions, chancellor's Council Memberships and corporate and Foundation Grants.
Who are Texas Tech Foundation's main competitors?
Direct peers on record are University of Colorado Foundation, LSU Foundation, Kansas State University Foundation, Oklahoma State University Foundation, Washington State University Foundation, Baylor University Foundation and Texas A&M Foundation. University of Houston Foundation is listed as a regional player. University of Texas System Office of Development is listed as a broad incumbent. Midwestern State University Development Office is listed as an emerging player.
Does Texas Tech Foundation have an API?
No public API is recorded for Texas Tech Foundation.
What industry is Texas Tech Foundation in?
Texas Tech Foundation's product category is Higher Education Philanthropy and Endowment Management. Its primary akta.pro industry code is BPAGAKAA, Private Foundations, with a secondary code of BPAGAKAK, Education Grantmaking Foundations. Its NAICS code is 813211 and its SIC code is 8200.