Financials
In addition to seeking gifts, the Foundation manages gifts. We manage gifts of all types and sizes, but our financial focus is on managing major gift endowments. The Foundation invests them and disburses part of the investment earnings for the purposes donors designate. In this way, endowments remain forever, benefiting generation after generation of students and faculty.
Financial Statistics for Fiscal Year 2006-2007
| Total Assets | $1.4 billion as of Dec. 31, 2007 |
| Long-term Investment Fund | $971.2 million as of Dec. 31, 2007 |
| Benefits to A&M | $42.1 million made available |
| Gifts Processed | 12,700 in 2006-2007 |
| Operating Costs | 11 cents per dollar in 2006-2007 |
Our Accountability
Numerous checks and balances exist to ensure the integrity of Foundation and Trust Company financial procedures:
- Board of Trustees:
Our board of trustees consists of seven former students, each with extensive business experience. These individuals determine our investment and fund-raising policies and approve our annual budget.
- External Audits:
An external auditor annually audits the Foundation and Trust Company. We publish our financial statements in our annual report and provide complete copies to the public on request. In addition, the Texas Department of Banking audits the Trust Company.
- Gift Administration:
We regulate the use of gifts through numerous internal and external controls. Foundation and University administrators must sign off on every disbursement. In addition, each dean receives a quarterly statement documenting activity for gift accounts in his college.
- Partnership with the University:
Several factors ensure that the Foundation focuses on the University’s funding priorities. We maintain an open line of communication with Texas A&M President Elsa Murano, Vice President for Development and Strategic Outreach Chad Wootton, and Senior Executive for Development Robert J. Walker.
