Texas A&M Foundation 2017 ANNUAL REPORT · stewardship of your gifts is our greatest...

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Texas A&M Foundation 2017 ANNUAL REPORT

Transcript of Texas A&M Foundation 2017 ANNUAL REPORT · stewardship of your gifts is our greatest...

Page 1: Texas A&M Foundation 2017 ANNUAL REPORT · stewardship of your gifts is our greatest responsibility, and we applaud your generosity. As we continue the Lead by Example campaign—the

Texas A&M Foundation

2017 ANNUAL REPORT

Page 2: Texas A&M Foundation 2017 ANNUAL REPORT · stewardship of your gifts is our greatest responsibility, and we applaud your generosity. As we continue the Lead by Example campaign—the

1 | Lead by Example | Annual Report

A YEAR TO CELEBRATEAt Texas A&M University, we are lucky to have dedicated former students and friends who are committed to ensuring the success of our institution through philanthropy. Our Texas A&M Foundation team is so proud of our mission and works tirelessly to meet the demands of the university.

Despite market volatility and a difficult few years in the oil and gas sectors, the Foundation provided $90.8 million to the university in fiscal year 2017. The stewardship of your gifts is our greatest responsibility, and we applaud your generosity.

As we continue the Lead by Example campaign—the most ambitious fundraising campaign our university has ever undertaken and the largest ever in the state of Texas—we are thankful for your personal commitment to Texas A&M’s success. With the help of our friends and investors, we have surpassed the $2.79 billion mark in this momentous effort to raise $4 billion by 2020.

Several principal gifts from devoted supporters advanced our progress: A $20 million commitment from Jon Hagler ’58 named the Hagler Institute for Advanced Study, further elevating the university’s academic prestige, while key gifts totaling more than $35 million from the Mays Family Foundation, the McFerrin family and the Charles Koch Foundation will bolster entrepreneurial programming at Mays Business School.

Our Office of Gift Planning also experienced a tremendous year, raising 146 planned gifts for a total of $120.3 million. Planned gifts are crucial to Texas A&M’s future because they represent a promise of continued support for years to come. Over the past 18 years, the Foundation has been notified of more than $1.134 billion in expected planned gifts that have been created to benefit Texas A&M.

Finally, we are proud to celebrate our endowment performance. Thanks to our investment policies, best-in-class staff, exceptional governance and our dedicated Board of Trustees, the Foundation’s portfolio has achieved an average 7.7 percent annual rate of return over a 15-year period. We pride ourselves on our stewardship of the hard-earned money you entrust us with so that your gifts will have the most profound impact possible in perpetuity through the endowment.

As we look to 2018, we’d like to thank you again for your extraordinary support. We remind you that all gifts are significant, regardless of size, and we challenge you to find a better return on your philanthropic dollar than Texas A&M. With your support, we are leading by example and ensuring that Texas A&M continues to be a leader among institutions of higher education.

T. Randall Cain ’82Chairman of the Board

Tyson Voelkel ’96President

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Texas A&M Foundation | 2

INVESTMENT PHILOSOPHY

By investing assets, the Foundation aims to preserve the purchasing power of gifts in perpetuity while providing steady earnings for Texas A&M. Each of the more than 7,400 individual endowment accounts are managed in the Foundation’s long-term investment pool, which has a total value of $1.6 billion as of June 30, 2017.

Endowed gifts are powerful given their long-term financial impact. Due to their perpetual nature, funds must be invested in a manner in which we can expect to earn a long-term rate of return to support current and future educational programs and meet the funding requirements of the Foundation and the university.

It is our view that diversification is the single most important component to help us achieve our return goals. The Foundation’s portfolio is biased toward equity investments and bond markets to better benefit from long-term growth expectations. In general, we seek to partner with talented investment managers that possess a competitive advantage, a differentiated strategy and interests that align with ours. Our portfolio is well-diversified by asset class, industry and geography.

Over the last fifteen years, the Foundation has achieved an average annual return of 7.7 percent on its long-term investment pool.

ABOUT THE TEXAS A&M FOUNDATION

The Texas A&M Foundation is a nonprofit organization that unites generosity and vision to support the future of Texas A&M University. Foundation staff members work with former students, corporations and other Texas A&M supporters to match their charitable interests with the university’s priorities. Gifts to the Foundation create scholarships, advance faculty endeavors, enhance student programs and fund new facilities.

BOARD OF TRUSTEES

The Foundation’s 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.

T. Randall Cain ’82, Chairman

Jorge Bermúdez ’73, Chairman-elect

Otway Denny Jr. ’71

Kathleen Gibson ’81

George K. Hickox Jr. ’80

Louis Paletta ’78

P. William Toler ’76

ONLINE ANNUAL REPORT

The Foundation’s animated online annual report includes additional fiscal year financials, donor gift statistics, year-end highlights, inspiring stories of donor impact and information on fundraising initiatives for the coming year.

View the report at annualreport.txamfoundation.com.

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3 | Lead by Example | Annual Report

The Lead By Example Campaign

Lead by Example is Texas A&M’s $4 billion comprehensive campaign, one of the boldest initiatives in the history of public higher education and the largest fundraising endeavor ever undertaken in Texas. This campaign encompasses all private gifts benefiting Texas A&M, including gifts from individuals, foundations and corporations through the Texas A&M Foundation, The Association of Former Students, the 12th Man Foundation and the George H.W. Bush Presidential Library Foundation.

Support raised through the campaign will empower Texas A&M to continue to be recognized as a world-class, top-tier public research institution and provide students with access to an affordable education with the best faculty.

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Texas A&M Foundation | 4

Campaign Gifts and Commitments

70% of our $4 billion goal$2.79 BILLION

More than

20,000

New endowmentsScholarships &

Graduate FellowshipsFaculty Chairs, Professorships & Fellowships

Other Endowments

corporate and foundation donors have contributed

More than

580,000gifts have been

contributed

Approximately

160,000individuals have donated

LBE Campaign Gift Allocation

25% Colleges

21% Faculty & Research

18% Campus Construction

16% Students

11% Unrestricted

9% Athletics

LBE Campaign Gift Allocation

25% Colleges

21% Faculty & Research

18% Campus Construction

16% Students

11% Unrestricted

9% Athletics

LBE Who is Giving to the Campaign

66% Former Students

23% Friends

5% Corporations

5% Organizations

1% Private, Family &

Other Foundations

LBE Who is Giving to the Campaign

66% Former Students

23% Friends

5% Corporations

5% Organizations

1% Private, Family &

Other Foundations

Who is Giving to the Campaign?

* Includes those supporting student organizations, college-based programs and excellence funds, study abroad initiatives and the university libraries, among others.

Campaign Gift Allocation

2008 1606 90 312*

(Jan. 1, 2012 to Oct. 31, 2017)

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Gifts to Texas A&M

Donors gave $183.1 million to the Texas A&M Foundation and Texas A&M University during the fiscal year ending June 30, 2017. Following generally accepted accounting principles, the totals include pledges and irrevocable planned gifts. For every dollar raised during the past five years, the Foundation has spent an average of 12.4 cents.

$0

$500,000,000

$1,000,000,000

$1,500,000,000

$2,000,000,000

$250,000,000

$750,000,000

$1,250,000,000

$1,750,000,000

2008 2009 2010 20122011 2013 2014 2015 2016 2017

Foundation’s Change in Net Assets

The Foundation’s net assets increased 14.8 percent during the 2017 fiscal year.

Annual totals for fiscal years 2008 through 2017

Texas A&M is cited as one of the nation’s top colleges for women in a ranking compiled by College Choice.

Letty ’88 and John Spicer ’83 express their belief in education through a planned gift to create multiple Foundation Excellence Awards and Endowed Opportunity Awards for future Aggies in Mays Business School and the College of Engineering.

Texas A&M University at Galveston celebrates 45 years at Pelican Island. The university opened on Aug. 31, 1971.

With six former students serving in executive positions at some of the largest companies in America, Money magazine ranks Texas A&M a top 10 producer of Fortune 500 CEOs.

Annual totals for fiscal years 2008 through 2017

2008 2009 2010 20122011 2013 2014 2015 2016 2017$0

$50,000,000

$100,000,000

$150,000,000

$200,000,000

$25,000,000

$75,000,000

$125,000,000

$175,000,000

2016 2016

JULY

AUGU

STFISCAL YEAR HIGHLIGHTS

July 2016–June 2017

$1.79 BillionTotal net assets in fiscal year 2017

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Contributions from students, friends, and private and family foundations

Contributions from corporations and other organizations

Where the $183.1 Million Came From

Contributions from former students, friends, and private and family foundations (many formed by former students) make up 67 percent of gifts to the Foundation, while gifts from corporations and other organizations make up 33 percent of the total.

How the $183.1 Million Was Directed

Each Foundation gift is linked to an “impact area.” Student impact represents scholarships and fellowships to undergraduate and graduate students. Faculty-impact gifts fund chairs, professorships and fellowships. College impact gifts help a college or department through discretionary or building funds, which in turn support faculty and students through improved teaching and learning environments. Spirit-impact gifts cultivate student organizations, traditions and other outside-the-classroom programs.

A $20 million gift from Jon L. Hagler ’58 to name the Hagler Institute for Advanced Study ensures that Texas A&M will attract some of the world’s best and brightest scholars.

Wilda ’80 and Dan Wahrenbrock, together with Wilda’s mother Grace, establish a significant planned gift to support undergraduate scholarships and graduate fellowships for animal science students. Their gift will also help cover student study abroad costs and support activities of the Department of Animal Sciences’ judging teams.

Nine female engineering students compete in the International RoboSub Competition, in which contestants are tasked with designing and programming a robotic submarine. The team advances to the semifinals and is the only all- female team in the competition’s 19-year history.

A gift from William M. Peña ’42, a World War II hero and renowned architect, creates an endowed scholarship program that will help aspiring graduate, undergraduate and prospective Aggie architects receive world-class educations.

The university surpasses its previous record and brings 28 Aggie competitors to the summer Olympics in Rio de Janeiro, Brazil.

34% Former Students

25% Corporations

20% Private, Family & Other Foundations

13% Friends

8% Organizations

34% Former Students

25% Corporations

20% Private, Family & Other Foundations

13% Friends

8% Organizations

Sources of gifts received in fiscal year 2017 Where fiscal year 2017 gifts were directed

*Includes gifts that pass to non-university accounts, such as The Texas A&M UniversitySystem and The Association of Former Students’ matching funds, as well as Foundation gifts in holding and class gift funds, for which donors have not yet identified the gift impact area.

42% College Impact

40% Student Impact

8% Other Impact*

6% Faculty Impact

4% Spirit Impact

42% College Impact

40% Student Impact

8% Other Impact*

6% Faculty Impact

4% Spirit Impact

67%

33%

2016

SEPT

EMBE

R

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Foundation Funds Made Available to Texas A&M

The Foundation annually makes millions of dollars available to Texas A&M for students, faculty, facilities and programs according to donors’ wishes. In fiscal year 2017, these funds totaled $90.8 million. These funds consist of non-endowed gifts—funds made available to disburse immediately rather than invested by the Foundation—and income from endowments.

Long-Term Investment Pool Asset Allocation

By investing assets, the Foundation preserves the purchasing power of gifts while providing steady earnings for Texas A&M. The Foundation’s long-term investment pool, which has a total value of $1.6 billion, is composed mostly of endowments, but also includes other non-endowed funds invested for the long term.

5. Foundation Funds Made Available to Texas A&M

$0

$20,000,000

$40,000,000

$60,000,000

$80,000,000

$100,000,000

$120,000,000

2008 2009 2010 20122011 2013 2014 2015 2016 2017

Annual totals for fiscal years 2008 through 2017

$90.8 MillionAnnual total for fiscal year 2017

$1.6 BillionTotal long-term investment pool asset value as of June 30, 2017

54% Public Equity

11% Fixed Income

9% Opportunistic & Diversified

8% Private Equity & Venture Capital

8% Energy

7% Real Estate & Timber

3% Cash & Cash Equivalents

54% Public Equity

11% Fixed Income

9% Opportunistic & Diversified

8% Private Equity & Venture Capital

8% Energy

7% Real Estate & Timber

3% Cash & Cash Equivalents

U.S. News & World Report ranks Texas A&M No. 21 of 50 in its “Great Schools, Great Prices” category. It is the only public university in Texas featured in the list.

A $2 million gift from Reynolds and Reynolds bolsters the Entrepreneurship Bootcamp for Veterans with Disabilities in Mays Business School. The program is renamed to recognize the gift.

A new $120 million Veterinary & Biomedical Education Complex opens. The facility is home to modern laboratory spaces, technologically-enhanced classrooms and study spaces that foster collaboration.

The Family Law and Benefits Clinic at the Texas A&M University School of Law receives a $1 million grant in memory of Joe K. McGill ’53 from The M. S. Doss Foundation, Inc. The gift will help the clinic support low-income clients in Tarrant County with divorces, adoptions, child custody proceedings, wills and other family law issues.

Kyle Field stadium fans shatter all collegiate and Super Bowl records for the most data usage during a football game with an eye-popping 8.2 terabytes in just four hours. The renovated stadium features an enhanced Wi-Fi system and wireless phone network.

2016 2016

OCTO

BER

NOVE

MBER

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New Scholarship and Faculty Endowments

The Foundation prides itself on enhancing the academic experience at Texas A&M University for both students and faculty. Donors who create endowments for scholarships, chairs, professorships and fellowships leave a legacy that enhances Texas A&M’s core mission of providing the highest-quality undergraduate and graduate programs.

Investment Performance

The Texas A&M Foundation has a solid record of investing. Over the years, we have consistently met internal performance goals and outperformed many peer organizations, ranking in the top or high second investment quartile.

Total endowments created during fiscal year 2017

Scholarships & Graduate Fellowships

Other Endowments*

TOTAL

Faculty Chairs, Professorships & Fellowships

335

406

59

12

*The 59 other endowments include those supporting student organizations, college-based programs and excellence funds, study abroad initiatives and the university libraries, among others.

0%

5%

10%

15%

1 Year 5 Year 10 Year 15 Year

LTIP

75/25 Benchmark

Policy Benchmark

Prior to 2015, the long-term investment pool (LTIP) was benchmarked against a passive index comprised of a global equity index and a domestic bond index (75% MSCI ACWI/25% Barclays U.S. Bond Aggregate Index). In 2015, the Foundation’s Board of Trustees implemented a new policy benchmark that better reflects the target asset allocation of the LTIP. Our custodian bank was able to backtest the new policy benchmark for returns prior to 2015, but only back to 2012. As such, we are not able to produce a 10 and 15-year return for the new policy benchmark. We are still able to report the old 75/25 benchmark for all periods shown here.

Former astronaut and Texas A&M graduate Col. Michael E. Fossum ’80 is named chief operating officer of Texas A&M University at Galveston.

Former President George H.W. Bush and former Sen. Robert J. Dole are joined by 25 fellow World War II veterans to commemorate the anniversary of the Japanese attack on Pearl Harbor.

A $1 million gift from Linda and Dennis H. Clark ’68 establishes an endowed chair in veterinary clinical research and an endowed chair in equine studies in the College of Veterinary Medicine & Biomedical Sciences.

College Station ranks 10th nationally in WalletHub’s “Best College Towns” list based on variables such as cost of living, quality of higher education and crime rate.

Charles “Chip” Amrock II ’75 establishes a bequest to support scholarships for future high-achieving petroleum engineering majors, general engineering students, members of the Corps of Cadets and first-generation students.

2016 2017

DECE

MBER

JANU

ARY

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Endowment Performance Over Time

The Texas A&M Foundation invests endowments using asset allocation to maximize growth while safeguarding capital during tough economic times. The chart below illustrates the market value of a $100,000 endowed scholarship created in 1980 and its cumulative value of student stipends. This single endowment would have paid out $357,722 by 2017.

Planned Gift Expectancies Over Time

The Foundation’s Office of Gift Planning helps donors establish after-lifetime and dual-benefit gifts that will aid Texas A&M University and its students in the future. For fiscal year 2017, the Foundation documented planned gifts valued at $120.3 million, ranging from $10,000 to $8 million in size. The chart below, which illustrates gift expectancies documented by the Foundation in the last 10 years, represents a total of $851.8 million. However, the Foundation has documented more than $1 billion* in planned gift expectancies since 1999.

10. Planned Gift Expectancies Over Time ($millions)

2008 2009 2010 20122011 2013 2014 2015 2016 2017$0

$50,000,000

$100,000,000

$150,000,000

$200,000,000

$250,000,000$85.2 MillionGift expectancy annual average for a 10-year period

*These totals include planned gifts that will be received by the Texas A&M Foundation, The Association of Former Students, the 12th Man Foundation and the George H.W. Bush Presidential Library Foundation.

Documented gift expectancies for fiscal years 2008 through 2017

Texas A&M hosts interactive programs featuring the collision of art and technology and the influence of big data on research and discovery at the South by Southwest Conference in Austin.

Texas A&M University Transportation Services and Zagster Inc. launch a new bike-sharing program. With 75 cruiser bikes stationed at 10 campus locations, the Texas A&M community can enjoy a convenient, affordable and healthy way to navigate campus.

The College of Architecture receives $500,000 from Triseum, an educational video game company based in Bryan. Its gift is matched by the university to establish a $1 million chair for the department head of visualization.

Jana ’84 and Jay Still ’84 commit a $150,000 scholarship to support mechanical engineering students. Preference will be given to members of the Corps of Cadets.

Students from the Bush School of Government and Public Service participate in the 85th Texas Legislature by working in the offices of members of the Texas House of Representatives and Senate.

$0

$50,000

$100,000

$150,000

$200,000

$250,000

$300,000

$350,000

$400,000

1980 1981 1984 19901987 1993 1996 1999 2002 2005 2008 2011 2014 2017

Market Value

Cumulative Stipend

Annual Stipend

Stipends and Market Value for a $100,000 Scholarship

2017

FEBR

UARY

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Planned Giving by the Numbers

GIVE NOW FOR LATER

*Excludes contingent gifts

What are the types and benefits of planned gifts?

After-lifetime gifts—such as bequests and gifts from retirement or life insurance accounts—can be given without reducing your assets during your lifetime.

On the other hand, gifts such as charitable trusts and charitable gift annuities include an immediate charitable income tax deduction. Donors may also avoid capital gains taxes and receive regular payments.

Other supporters use a method we call the “Give It Twice Trust,” in which the donor holds, invests and uses their assets during their lifetime. After their lifetime, their will or revocable living trust details

the formation and funding of a charitable remainder unitrust, which pays out to the designated beneficiaries for a term of years. At the termination of the trust, the remaining assets move to an endowment that pays out annually to Texas A&M.

Why should Texas A&M former students and friends consider making a planned gift?

Giving can be a wonderful experience for the donor; it is just a matter of deciding how much to give, who to give to and what type of gift. Every individual’s gift is uniquely customized and reflects their values and hopes for Texas A&M. Some give to preserve certain traditions, while

others give to support research, facilities, students, faculty or programs.

How have planned gifts impacted Texas A&M?

In the past 12 years, more than $195 million in planned gifts have matured. These gifts have been received by the Texas A&M Foundation and are currently benefiting Texas A&M.

But that is only the tip of the iceberg. Over the past 18 years, the Foundation has been notified of more than $1.134 billion in expected planned gifts that have been created to support Texas A&M’s future.

11. Planned Giving by the Numbers

Number of planned gifts created in 2017

Number of newHeritage members in 2017

Average planned gift size in 2017*

146

117

$823,764

Value of realized gifts during fiscal year 2017 as a result of estate intentions

Value of realized gifts in the past 10 years

$15,828,889

$168,652,770

A report published by the Association of American Medical Colleges names graduates of the Texas A&M College of Medicine among the top in the nation when it comes to staying in the state to practice, entering primary care, and working in underserved and rural areas.

The Terry Foundation, the largest private scholarship provider in Texas, continues its commitment to support Texas A&M students with a multimillion-dollar contribution.

More than 21,000 Aggie students give back to the Bryan/College Station community by volunteering at approximately 2,000 local job sites during The Big Event.

Blackstone LaunchPad, a new entrepreneurship resource on campus, kicks off. The program assists students with business ideas through individual mentorship, online courses, and software and networking tools.

Mays Business School receives its largest single commitment in school history: $25 million from the Mays Family Foundation to support several areas of innovation in Mays Business School and the proposed expansion of the school’s headquarters, the Wehner Building.

A $1 million planned gift from Debra ’79 and Michael Dishberger ’79 will establish scholarships for science majors and graduate fellowships for students in the Department of Geology and Geophysics.

2017 2017

MARC

H

APRI

L

A Q&A about planned giving with Glenn Pittsford ’72, the Foundation’s vice president for gift planning.

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RegisteredNursing.org ranks the College of Nursing the No. 1 nursing program in Texas.

To support the next generation of teachers, Pamela ’88 and Richard Wolf ’88 create a scholarship endowment for students pursuing their undergraduate degrees in special education from the College of Education and Human Development.

Operation Hat Trick, a nonprofit dedicated to supporting wounded U.S. combat veterans, recognizes Texas A&M’s outstanding efforts in assisting wounded U.S. combat service members and veterans by naming the university winner of its 2017 Excellence in Service Award.

Cynthia D. ’87 and David O. Craig ’86 establish a bequest of 25 percent of their estate to support scholarships for students in the colleges of education and engineering.

Texas A&M awards more than 10,000 degrees in its largest graduation to date.

June 30, 2016

2,094,642

46,561,885

174,696,504

483,815

223,836,846

47,704,363

427,156,415

1,084,902,505

1,559,763,283

1,783,600,129

June 30, 2016

73,010,734

1,849,289

118,069,808

1,546,257,050

5,295,279

7,521,532

2,706,568

693,454

8,772,071

19,377,370

46,974

1,783,600,129

Liabilities and Net Assets

Accrued liabilities

Annuities and trusts payable

Amounts held for other charitable organizations

Other liabilities

Total Liabilities

Net Assets

Unrestricted

Temporarily restricted

Permanently restricted

Total Net Assets

Total Liabilities and Net Assets

Assets

Cash and cash equivalents

Accrued revenue and other receivables

Contributions receivable

Investments

Remainder interests

Assets held in trust by others

Interests in life insurance policies

Furniture and equipment, net of accumulated depreciation and amortization: (2017) $2,417,749, (2016) $2,353,241

Headquarters building, net of accumulated depreciation and amortization: (2017) $4,974,204, (2016) $4,739,813

Art collection and collectibles

Other assets

Total Assets

Statement of Financial Position

June 30, 2017

2,026,950

58,564,940

197,129,359

285,000

258,006,249

68,776,568

558,958,094

1,163,285,335

1,791,019,997

2,049,026,246

June 30, 2017

58,135,351

2,032,816

137,221,368

1,806,537,255

5,403,006

8,057,577

2,826,159

703,217

8,686,152

19,377,374

45,971

2,049,026,246

$

$

$

$

$

$

$

$

$

$

$

$

$

$

2017 2017

MAY

JUNE

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Texas A&M Foundation | 12

Revenues, Gains and Other Support

Contributions

Other support

Interest and dividend income

Rental income

Net realized and unrealized gains on investments and other assets

Revenue from oil and gas interests

Other revenue

Net assets released from restrictions

Total Revenues, Gains and Other Support

Expenses

Payments and transfers to Texas A&M University—scholarships, fellowships, grants and other payments

Management and general

Fundraising

Total Expenses

Change in Net Assets

Net Assets, Beginning

Net Assets, Ending

Statement of Activities and Changes in Net Assets

Unrestricted

293,832

187,000

919,114

2,500

20,553,690

75,507

728,480

97,186,357

119,946,480

75,473,232

5,371,654

18,029,389

98,874,275

21,072,205

47,704,363

68,776,568

Permanently Restricted

79,004,555

2,955,591

260,109

-

(4,099,369)

261,944

-

78,382,830

-

-

-

-

78,382,830

1,084,902,505

1,163,285,335

Temporarily Restricted

54,863,322

5,415,252

19,665,104

53,877

148,680,808

309,673

-

(97,186,357)

131,801,679

-

-

-

-

131,801,679

427,156,415

558,958,094

2017 Total

134,161,709

8,557,843

20,844,328

56,377

165,135,129

647,124

728,480

(0)

330,130,989

75,473,232

5,371,654

18,029,389

98,874,275

231,256,714

1,559,763,283

1,791,019,997

2016 Total

120,150,659

6,970,184

20,564,444

19,744

(47,457,842)

2,002,771

635,285

-

102,885,245

66,874,523

4,923,178

16,149,992

87,947,693

14,937,552

1,544,825,731

1,559,763,283

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

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13 | Lead by Example | Annual Report

5,476 2,472Total number of Legacy members Total number of Heritage members

373 117New Legacy members

in fiscal year 2017New Heritage members

in fiscal year 2017

The A&M Legacy Society recognizes individuals, corporations and organizations whose cumulative and current giving to Texas A&M totals $100,000 or more.

Heritage membership within the A&M Legacy Society honors individuals and families who have made planned

gifts—such as gifts in wills, charitable trusts, or beneficiary gifts of retirement accounts or life insurance—to the Texas A&M Foundation to benefit Texas A&M University.

We are proud to display the names of Legacy members in Legacy Hall of the Jon L. Hagler Center.

$3.2 BILLION

TOTAL AMOUNT CONTRIBUTED TO TEXAS A&M BY A&M LEGACY SOCIETY MEMBERS TO DATE

A&M LEGACY SOCIETY

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Texas A&M Foundation | 14

No annual report would be complete without an Aggie-sized thank you to our donors. Whether a former student, friend, corporation or foundation, we appreciate your enduring spirit and commitment to Texas A&M University.

Your support is essential to advancing Texas A&M and ensuring that we maintain academic excellence while respecting our great history and traditions. Thank you for your generosity.

THANK YOU

Page 16: Texas A&M Foundation 2017 ANNUAL REPORT · stewardship of your gifts is our greatest responsibility, and we applaud your generosity. As we continue the Lead by Example campaign—the

Texas A&M Foundation 401 George Bush DriveCollege Station, Texas 77840

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txamfoundation.com | leadbyexample.tamu.eduView the annual report online at annualreport.txamfoundation.com.