Nonprofit · EIN 74-1587488
UNIVERSITY OF TEXAS FOUNDATION
Tax-exempt · AUSTIN, TX 78759
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $69,548,475 | $67,901,401 | $1,647,074 | $104,805,068 | $48,179,724 | $56,625,344 |
| December 31, 2024 | 990 | $68,530,313 | $64,804,284 | $3,726,029 | $97,993,520 | $44,986,306 | $53,007,214 |
| December 31, 2023 | 990 | $53,709,870 | $51,129,188 | $2,580,682 | $90,164,241 | $42,865,666 | $47,298,575 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $66,082,058
- of which government grants
- $1,974,590
- Program service revenue
- $0
- Investment income
- $2,935,739
- Net gain from sales of assets
- $1,509,356
- Other revenue
- $530,678
Expenses
- Grants and similar amounts paid
- $64,479,715
- Compensation of officers, directors and key employees
- $435,942
- Other salaries and wages
- $207,918
- Salaries, compensation and benefits (total)
- $704,375
- Professional fundraising fees
- $0
- Legal fees
- $13,883
- Accounting fees
- $55,750
- Occupancy
- $6,991
- Travel
- $2,825
- Depreciation
- $33,669
- Program services (functional)
- $66,974,481
- Management and general (functional)
- $926,920
Balance sheet and other
- Total assets, start of year
- $97,993,520
- Total assets, end of year
- $104,805,068
- Total liabilities, end of year
- $48,179,724
- Net assets, end of year
- $56,625,344
- Land, buildings and equipment
- $500,614
- Publicly traded securities
- $63,613,611
- Net assets without donor restrictions
- $19,589,753
- Net assets with donor restrictions
- $37,035,591
- Gross receipts
- $72,891,962
- Employees
- 7
- Volunteers
- 21
- Year formed
- 1967
- State of legal domicile
- TX
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SHERI DESPAIN | EXECUTIVE DIRECTOR Officer | 40 | $235,627 | $30,041 |
| BECKY THOMPSON | CFO Officer | 40 | $144,494 | $25,781 |
| ALFRED M MEYERSON | PRESIDENT ELECT Trustee or director, Officer | 1 | $0 | $0 |
| BRIAN T MCLAUGHLIN | VP AND TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| BRUCE RIDEAUX | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CAROL A HUEBNER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHARLES W MATTHEWS JR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CYNTHIA ADKINS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAVID OLIVEIRA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DOUGLAS GLASS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LISA SAENZ | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MICHAEL L COOK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MICHELLE BROCK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| QUAN COSBY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| R GORDON APPLEMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
8 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| REX G BAKER III | IMMEDIATE PAST PRESIDENT Trustee or director, Officer | 1 | $0 |
| SHANNON H RATLIFF | DIRECTOR Trustee or director | 1 | $0 |
| SONIA PEREZ | PRESIDENT Trustee or director, Officer | 3 | $0 |
| THOMAS J PERICH | DIRECTOR Trustee or director | 1 | $0 |
| TRACY LAQUEY PARKER | VP AND SECRETARY Trustee or director, Officer | 1 | $0 |
| WOFFORD DENIUS | DIRECTOR Trustee or director | 1 | $0 |
| KAREN GANTT | DIRECTOR Trustee or director | 1 | $0 |
| RICHARD LESHIN | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 22 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SHERI DESPAIN | EXECUTIVE DIRECTOR AND CFO Officer | 40 | $205,541 | $28,657 |
| ALFRED M MEYERSON | PRESIDENT ELECT Trustee or director, Officer | 1 | $0 | $0 |
| BRIAN T MCLAUGHLIN | VP AND TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| BRUCE RIDEAUX | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CAROL A HUEBNER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHARLES W MATTHEWS JR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CYNTHIA ADKINS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAVID OLIVEIRA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DOUGLAS GLASS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| HECTOR DELEON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LISA SAENZ | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MICHAEL L COOK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MICHELLE BROCK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| QUAN COSBY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| R GORDON APPLEMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| REX G BAKER III | IMMEDIATE PAST PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| SHANNON H RATLIFF | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SONIA PEREZ | PRESIDENT Trustee or director, Officer | 3 | $0 | $0 |
| THOMAS J PERICH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TIM TAYLOR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TRACY LAQUEY PARKER | VP AND SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| WOFFORD DENIUS | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 22 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SHERI DESPAIN | EXECUTIVE DIRECTOR AND CFO Officer | 40 | $190,800 | $25,282 |
| ALFRED M MEYERSON | VP AND SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| BRIAN T MCLAUGHLIN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHARLES W MATTHEWS JR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| HECTOR DELEON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MICHAEL L COOK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MICHELLE BROCK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| R GORDON APPLEMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| REX G BAKER III | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| SONIA PEREZ | PRESIDENT ELECT Trustee or director, Officer | 1 | $0 | $0 |
| THOMAS J PERICH | IMMEDIATE PAST PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| TIM TAYLOR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TRACY LAQUEY PARKER | VP AND TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| WOFFORD DENIUS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CYNTHIA ADKINS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| QUAN COSBY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DOUGLAS GLASS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CAROL A HUEBNER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAVID OLIVEIRA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BRUCE RIDEAUX | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LISA SAENZ | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SHANNON H RATLIFF | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 9011 MOUNTAIN RIDGE DR STE 150, AUSTIN, TX 78759-7396
- Principal officer (990 for 2025)
- ALFRED MEYERSON, 9011 MOUNTAIN RIDGE DRIVE 150, AUSTIN, TX 78759
- Signed the 990
- ALFRED MEYERSON, PRESIDENT
- Phone
- (512) 473-8985
- Website
- UTXF.ORG
- Return prepared by
- MAXWELL LOCKE & RITTER LLP
Mission
TO ADVANCE EDUCATION THROUGH FINANCIAL SUPPORT OF THE UNIVERSITY OF TEXAS SYSTEM, INCLUDING ALL OF ITS BRANCHES, DEPARTMENTS, SCHOOLS AND COLLEGES AT ITS FOURTEEN INSTITUTIONS, TO IMPROVE ITS RESEARCH, TEACHING, SCHOLARSHIP, FACULTIES AND FACILITIES.
Program accomplishments
- EDUCATIONAL PURPOSE - GIFTS TO VARIOUS DEPARTMENTS AT THE UNIVERSITY OF TEXAS SYSTEM INSTITUTIONS FOR VARIOUS EDUCATIONAL AND RESEARCH PROJECTSExpenses $64,528,687 · grants $64,479,715
- PAYMENTS MADE TO MEET CONDITIONS OF GIFTS TO THE UNIVERSITY OF TEXAS SYSTEM INSTITUTIONS.Expenses $2,445,794
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 74-1587488
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Organization supporting a government college or university
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1968
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $104,805,068
- Income (IRS master file)
- $72,891,962
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $69,548,475 | $67,901,401 | $104,805,068 | XML |
| 990 | December 2024 | $68,530,313 | $64,804,284 | $97,993,520 | XML |
| 990 | December 2023 | $53,709,870 | $51,129,188 | $90,164,241 | XML |
| 990 | December 2022 | $47,631,342 | $50,729,809 | $83,486,599 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 74-1587488).
Questions about UNIVERSITY OF TEXAS FOUNDATION
- What is the EIN of UNIVERSITY OF TEXAS FOUNDATION?
- The employer identification number (EIN) of UNIVERSITY OF TEXAS FOUNDATION is 74-1587488.
- Is UNIVERSITY OF TEXAS FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1968.
- Are donations to UNIVERSITY OF TEXAS FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does UNIVERSITY OF TEXAS FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of UNIVERSITY OF TEXAS FOUNDATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did UNIVERSITY OF TEXAS FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of UNIVERSITY OF TEXAS FOUNDATION?
- The 990 for the year ended December 31, 2025 names ALFRED MEYERSON.
- Who are the officers and directors of UNIVERSITY OF TEXAS FOUNDATION?
- The 990 for the year ended December 31, 2025 lists 23 people; 2 received compensation from the organization, the highest $235,627 (SHERI DESPAIN, EXECUTIVE DIRECTOR).
- How much revenue does UNIVERSITY OF TEXAS FOUNDATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $69,548,475, expenses of $67,901,401 and total assets of $104,805,068 at year end.
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