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Texas A&M Foundation Financial Update
The Foundation manages gifts of all types and sizes, with a financial focus 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 2007-2008| Total Assets | $1.379 billion |
| Long-term Investment Fund | $958 million |
| Benefits to A&M | $69.8 million |
| Gifts Processed | 13,657 |
| Operating Costs | 14.9 cents per dollar |
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 fundraising 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's president as well as Senior Executive for Development Robert J. Walker.
