Texas A&M Foundation 2020 ANNUAL REPORT WITH ENDLESS THANKS
When we reflect on the history of Texas A&M gift from Sugar and Mike Barnes ’64 to name the University from its humble beginnings as a Department of Industrial and Systems Engineering, land-grant college to the tremendous institution and a monumental 2,500-acre real estate planned of higher education it is today, we do not see a story gift from Deborah and Bill Keyes. Even though the of uncomplicated growth and prosperity. Rather, Lead by Example campaign’s goal is well defined, we see a history rife with challenges; one in which the collective impact that its gifts will have on Texas Aggies routinely faced difficult and unprecedented A&M’s future is beyond measure. circumstances. Most importantly, we see how their resilient response to each challenge not only made We are just as proud to announce another milestone the university stronger but also shaped what it worthy of celebration. We have worked with the means to be an Aggie over time. Division of Student Affairs to measure and count the number of student service hours given to various Make no mistake: This year challenged Texas A&M volunteer causes throughout the campaign. Although and the Texas A&M Foundation as much as it did a new initiative, we have confidently documented every other great institution across the world. almost 12 million hours given in service by the However, we present this annual report with great student body and are counting those as another way pride, gratitude and hope because so many Aggies Texas A&M leads by example! and friends of the university offered their support in the face of adversity. Even amidst a dire financial Through thick and thin, our donors have remained crisis in the second half of fiscal year 2020, our faithful in their commitment to building a brighter donors continued to give generously toward the future for this university. While your selfless advancement of our university and its students, contributions may not make the headlines as easily faculty and staff. as stories of setbacks and strife, your legacy will live on in the generations of students who learn to Despite the events of this year, our chief focus be leaders right here in Aggieland. remained the same: to conclude the historic Lead by Example capital campaign and raise $4 billion Thanks for all you do and for leading by example. for Texas A&M by the end of the year. Thanks to gifts from thousands of individuals, corporations and foundations who invested in Aggieland, we will surpass the goal by an impressive margin. That may seem surprising to some, but not to us. The instinct to go above and beyond is as much a part of Texas Kathleen Gibson ‘81 A&M’s identity as its unique and timeless values. Board Chair So, while we remain unsurprised by your boundless generosity during this campaign, we also remain deeply grateful for it.
This report includes just a few of the notable major gifts we received this fiscal year, including a $5 million commitment from Ellie and Don Knauss to name the Tyson Voelkel ’96 Veteran Resource & Support Center, a $10 million President & CEO ABOUT THE TEXAS A&M FOUNDATION YEAR IN REVIEW
The Texas A&M Foundation is a nonprofit organization It was a volatile year in the financial markets as the COVID-19 pandemic that builds a brighter future for Texas A&M University, had a dramatic economic impact on a global scale. The Texas A&M one relationship at a time. Foundation team members Foundation’s endowment was not immune to this economic shock solicit and manage investments in academics and as the market value dropped by 10.9% in the first quarter of 2020. As federal governments and central banks around the globe combated the leadership programs essential to the university’s pursuit economic shock by swiftly and aggressively injecting liquidity into the to be among the best universities. The Foundation works economy, the stock market indices rallied and have since returned to with former students, corporations and other Texas A&M all-time highs. With this rally, the endowment recovered nearly all of its supporters to match their charitable interests with the losses on the year as it gained 8.1% in the second quarter. As of June 30, university’s priorities. Gifts create scholarships, advance 2020, the endowment was down 3.7% calendar year-to-date. faculty endeavors, enhance student programs and fund new facilities. Despite all the volatility in the first half of the year, fiscal year 2020 ended on a positive note as the Foundation welcomed Mike Pia as its new chief investment officer on May 1, 2020. Mike joins the Foundation from the Teacher Retirement System of Texas, where he worked for ONLINE ANNUAL REPORT nearly 13 years and most recently served as the managing director of strategic partnerships. We look forward to utilizing Mike’s leadership, skills and expertise to manage the endowment. The Foundation’s animated online annual report includes additional fiscal year financials, donor gift While fear in the markets seems to have subsided for the time being, statistics, year-end highlights and inspiring stories of we still face many risks. Our investment team remains disciplined and donor impact. committed to pursuing its mission of advancing Texas A&M University by maintaining the spending power of the Foundation’s long-term asset View the report at annualreport.txamfoundation.com. base through a balanced strategy.
BOARD OF TRUSTEES
The Foundation’s Board of Trustees consists Kathleen Gibson ’81 Jorge A. Bermúdez ‘73 William R. Lemmons Jr. ‘83 Board Chair of seven former students, each with extensive Otway Denny Jr. ‘71 Gina Luna ’95 business experience. These individuals determine Louis Paletta II ’78 Dan Allen Hughes Jr. ‘80 our investment and fundraising policies and Chair-elect approve our annual budget.
Texas A&M Foundation | 2 AGGIES RESPOND DISASTER RELIEF FUND PROVIDES EMERGENCY AID
TO COVID-19 When closures and stay-at-home orders immediate assistance within two to four began taking effect across the nation, the days after qualifying students submitted Texas A&M Foundation repurposed the their applications. Texas A&M University Disaster Relief Fund, originally created to provide aid following Tanika Marais ’20, a graduate student the destruction of hurricanes Harvey, pursuing a degree in international policy Irma and Maria, to assist Aggies facing at the Bush School of Government and unexpected moving costs, food insecurity, Public Service, received $900 from the fund. lost jobs and other financial hardships in A South African native, Marais applied for the wake of the COVID-19 pandemic. the funds when the value of her savings in Rands, the South African currency, dropped Aggies quickly stepped up to provide more and cancellations placed her husband, a than $58,000 for Texas A&M employees, professional golf caddy for the PGA tour, while more than $728,000 was awarded temporarily out of work. The aid helped to 568 undergraduate, graduate and Ph.D. Marais provide for expenses and continue students from the College Station and her education until her husband could work Galveston campuses. These one-time again. “There are no words to describe how student funds, which resulted from the appreciative and thankful I am,” Marais said. generosity of 286 donors, averaged “The funds I received lifted an immense $1,300 per person and provided weight off my shoulders.” FOOD DRIVE ASSISTS AGGIES IN NEED
As the COVID-19 pandemic began to temporarily close businesses, many Texas A&M students, faculty and staff experienced increased food insecurity. To combat this, the Texas A&M Foundation partnered with the 12th Can, an on-campus, student-run food pantry affiliated with the Brazos Valley Food Bank, to hold a “We’re really grateful to the Texas A&M Foundation, food drive in April. the Aggies and the community members who During the 15-day drive, a total of 3,524 pounds of food and $25,000 in online donations were raised for helped make the food drive a success.” the pantry, which opened twice in April and provided prepackaged food bags to 320 clients during this time, – Kelly Villarreal ’21 a 30% increase from the same time last year. Of these 12TH CAN DIRECTOR visitors, 20-25% said they utilized the service because of COVID-19.
3 | Lead by Example | 2020 Annual Report RESEARCHERS COMBAT VIRUS
• As health professionals faced a shortage of medical devices and • Dr. Jeffrey Cirillo, a Regents’ Professor of Microbial Pathogenesis personal protective equipment, Texas A&M University devoted its and Immunology at the Texas A&M Health Science Center, is resources to help create and distribute these supplies. Through leading a clinical trial to repurpose a widely used tuberculosis 3D printing and other methods, the colleges of architecture and vaccine to help mitigate the effects of COVID-19. The vaccine, engineering manufactured face shields for medical workers called BCG, is already used to strengthen the body’s immune and hospitals, including Baylor College of Medicine, Houston response to help fight tuberculosis and bladder cancer, and Methodist Hospital and MD Anderson Cancer Center. The College Cirillo hopes it can reduce the severity of COVID-19 in patients. of Engineering also created approximately 400 spacers for metered Because the drug is already approved by the U.S. Food and Drug dose inhalers to help Houston Methodist Hospital treat COVID-19 Administration, it can be immediately tested with frontline patients. In addition, responders from the Disaster Assessment medical workers. and Recovery Team of the Texas A&M AgriLife Extension Service helped distribute personal protective equipment throughout the • A team from the College of Engineering is researching the state at regional distribution staging areas. viability of a smart ventilation control system to help minimize the spread of COVID-19 within public buildings. Led by associate • Texas A&M researchers are developing a device to rapidly identify professor Zheng O’Neill in the J. Mike Walker ’66 Department of antibodies that can neutralize the COVID-19 virus. Jose Wippold ’19, Mechanical Engineering, the project is investigating whether a a doctoral student in the Department of Biomedical Engineering, transformative and smart ventilation control can help existing is repurposing a project he began four years ago that rapidly HVAC systems reduce the risk of infection in buildings by diluting analyzes human B cells to detect neutralizing antibodies. The the air with cleaner air from outdoors. device, called PRESCIENT, has completed a feasibility test using the hepatitis virus, and a team of researchers from the colleges of engineering, medicine and veterinary medicine & biomedical sciences are adapting it for use in the fight against COVID-19.
DR. JEFFREY CIRILLO
Regents’ Professor of Microbial Pathogenesis and Immunology at the Texas A&M Health Science Center
Texas A&M Foundation | 4 FY20 IMPACTS
Every gift makes an impact. Here’s a look at how a few significant gifts from the past fiscal year are benefiting Texas A&M University students, faculty, colleges and programs.
2019 JULY 2019 DECEMBER UP AND AWAY AN ANNIVERSARY GIFT PHOTO BY BRAD CLAWSON Through a bequest, Dr. Walter Haisler ’67 In celebration of the 80th anniversary of and his wife, Delores, established an the Department of Industrial and Systems endowed chair to support the department Engineering at Texas A&M University, head of aerospace engineering. After Sugar and Mike Barnes ’64 established a earning his bachelor’s, master’s and Ph.D. major endowment in excess of $10 million in aerospace engineering, Walter worked to support the department’s general for the department for 41 years and spent operations. To recognize their generous more than 12 of them as department investment, the department was renamed head. The couple hopes their gift allows the Wm Michael Barnes ’64 Department of future department heads to foster growth 2019 OCTOBER Industrial and Systems Engineering. and development of the aerospace undergraduate and graduate programs. CARING FOR THE CARETAKERS
Practicing veterinarian Dr. Donna Baer ’83 ’86 ’88 and her husband, Richard, committed $1 million through a living trust 2020 to fund gifts for two programs in the College JANUARY of Veterinary Medicine & Biomedical Sciences: the Stevenson Companion A HUMBLE SALUTE Animal Life-Care Center and the Veterinary Emergency Team. After Donna was involved Ellie and Don Knauss of Sugar Land, Texas, in a car accident just before her graduation committed a $5 million gift to the Texas A&M in 1988, Aggie faculty and administrators Foundation to support and name Texas A&M helped her get back on track during her University’s Veteran Resource & Support rehabilitation and pass her state licensing Center. As part of the Division of Student test for veterinary medicine. She and her Affairs, the center provides resources for husband gave out of gratitude for those nearly 1,300 Texas A&M student veterans who helped in her time of need. and their family members.
5 | Lead by Example | 2020 Annual Report 2020 FEBRUARY 2020 APRIL INVESTING IN LEADERSHIP AGGIES TAKE WASHINGTON Lynn ’84 and Bill Crane ’83, who both Texas A&M University announced plans to graduated from Texas A&M with open a new teaching site in Washington, D.C., computer science degrees, committed featuring the Bush School of Government $2 million to establish the Lynn ’84 and and Public Service. Made possible through Bill Crane ’83 Department Head Chair financial support from the Diana Davis in Computer Science and Engineering. Spencer Foundation, the new site is located Their gift will support the department within several blocks of the White House head’s priorities in teaching, research, and other key government buildings. While professional development and other the location opened in fall 2020, classes departmental activities. toward a new Master of International Policy degree will commence in early 2021. 2020 MARCH 2020 MAY ADVANCING CANCER FOR THE LOVE OF A HORSE PREVENTION RESEARCH Through a gift of real estate, Deborah and When Rick Steco met an enthusiastic Aggie Bill Keyes of Dripping Springs, Texas, have at a corporate retreat in 1997, it kickstarted committed one of the largest planned a lifelong love for Aggieland that he shares gifts during the Lead by Example campaign. with his wife, Jill. Recently, the couple They included a gift in their estate plans of decided to support Rick’s adopted university their 2,500-acre ranch to the Texas A&M through a gift that will advance an issue Foundation to be held for educational important to them: cancer prevention. purposes at Texas A&M University after Their bequest will fund cancer prevention their lifetimes. The gift honors Casey, their research in the College of Medicine and Rocky Mountain gelding, and the Texas A&M memorializes Rick’s late wife of 26 years, veterinarians who have cared for him Linda, who died of throat cancer at age 57. through the years.
Texas A&M Foundation | 6 FOSTER INCLUSION ON CAMPUS
Housed in the College of Education and Certificate in Interdisciplinary Studies from Human Development and launched in 2019, Texas A&M University. Aggie ACHIEVE (Academic Courses in As the first program of its kind in Texas, Higher Inclusive Education and Vocational Aggie ACHIEVE is creating a new level Experiences) is an inclusive four-year of inclusion among the Texas A&M transition program for young adults with campus community and opening doors intellectual and developmental disabilities. to more social, learning and employment ACHIEVE students successfully navigate opportunities for adults with disabilities. campus life with the help of ACHIEVEMates, Numerous opportunities exist to support a group of undergraduates who provide Aggie ACHIEVE, ranging from operational academic, well-being and social support. UPCOMING INITIATIVES funding and scholarships for participants Participants live on campus, join student to support for the faculty and graduate organizations and enroll in various Texas students who ensure the program’s The Texas A&M Foundation’s dedicated team of development staff works with you A&M courses. Students also complete success. Contact Jody Ford ’99 at to match your interests to the university’s funding priorities, no matter where your on-campus internships and will complete [email protected] or (979) 847-8655 passions lie. Discover a few of our major fundraising initiatives for the coming year. off-campus internships in more specialized to discover the perfect fit for your gift, or areas during their junior and senior years. give online at give.am/AggieACHIEVE. Upon completion, students receive a REVITALIZE THE ALLEN BUILDING
Since its founding in 1997, the Bush School growing number of Bush School students, of Government and Public Service has faculty, staff, institutes, centers and programs. called the Robert H. and Judy Ley Allen Building home. Located adjacent to the Renovations will include two new student George H.W. Bush Presidential Library and learning and collaboration centers, a Museum, the Allen Building has housed redesigned atrium and lobby, additional every cohort of Bush School leaders from graduate student workspaces complete its inaugural class of 17 students to its with technological updates, Bush 41 legacy current class of more than 790. recognition throughout and more. Every enhancement is focused on the Bush During that time, the Allen Building has School’s ultimate goal of producing the remained structurally and aesthetically world’s best public servants. untouched and, until recently, the school If you are interested in supporting only had access to portions of the first the Allen Building renovation, and second floors. In 2020, when the contact Alexandra Rainey ’15 at school acquired the entire second floor of [email protected] the building, a renovation campaign was or (979) 458-8035. launched to update the space for the
7 | Lead by Example | 2020 Annual Report SUPPORT AGRICULTURAL PIONEERS
As the 1970 Nobel Prize laureate and one NBERS program will attract the most of the most highly-esteemed members of talented students to agriculture, food and Texas A&M’s faculty, Dr. Norman Borlaug nutrition research by awarding generous was acclaimed for his trailblazing work with scholarships to deserving applicants. high-yielding, disease-resistant varieties of grain, ushering in the Green Revolution and By bringing in top researchers and significantly reducing world hunger. He is empowering them with the tools to create often credited with saving more lives than global change, NBERS will place Texas A&M anyone in history. at the forefront of preparing budding scientists to make crucial agricultural Now, through the creation of the Norman research breakthroughs. Borlaug Endowed Research Scholars Program (NBERS), Texas A&M’s College of To carry on Norman Borlaug’s legacy through Agriculture and Life Sciences is developing an NBERS undergraduate scholarship (endowed the next generation of agricultural at $50,000) or graduate fellowship (endowed research leaders. Established in 2019 at $125,000), contact Allyson Tjoelker ’02 through a $1 million matching fund from at [email protected] or Cactus Feeders, a beef and pork producer (979) 458-7929. Matching funds are available. located in the South and Midwest, the EXPAND THE HOME OF BUSINESS LEADERS
As business education institutions The Business Education Complex is around the world compete to attract top currently scheduled to be completed by students, faculty and corporate partners, 2024. Mays Business School is seeking innovative facilities make all the difference $37 million in private gifts to aid in the in establishing a world-class educational complex’s construction and further experience. Mays Business School knows establish Texas A&M as a world leader this well and has its sights set on in business education. expanding its current footprint to create the Business Education Complex. Located To support the construction of the Business at the epicenter of the rapidly westward Education Complex, contact Stephen Cisneros ’05 expansion of campus, the complex will at [email protected] or be designed to deliver lifelong learning (979) 862-3615. You can also give online to the diverse Mays community. at give.am/BusinessEducationComplex.
Plans include a striking grand atrium, a full café to encourage engagement, and ample work and study space that will promote connectivity, creativity and collaboration.
Texas A&M Foundation | 8 The Lead by Example Campaign
In 2015, Texas A&M University’s fundraising partners publicly announced the Lead by Example campaign, an ambitious and historic initiative to raise $4 billion for Texas A&M by the end of 2020. As the largest higher education fundraising endeavor ever undertaken in Texas and one of the largest nationally, the campaign encompasses all private gifts benefiting Texas A&M since Jan. 1, 2012, including gifts from individuals, foundations and corporations through the Texas A&M Foundation, The Association of Former Students, the 12th Man Foundation, the George & Barbara Bush Foundation, and the Texas Aggie Corps of Cadets Association.
A truly collective effort, gifts ranging in size from a few dollars to the multimillions have been given by first-time donors and longtime friends. These individuals include not only former students, but also those drawn to Aggieland for its values, culture and academic strengths.
As the campaign nears its conclusion, we ask you to think about its success in terms of people—in the names and faces of those impacted. As you study the following information, reflect on the lives that have been changed through Aggies’ exceptional generosity. You have indeed led by example and set a precedence for future generations to do the same. Through the end of 2020, all gifts to Texas A&M will still count toward the campaign’s total. Learn more about the campaign’s impact at leadbyexample.tamu.edu.
9 | Lead by Example | 2020 Annual Report 3,032 What are Campaign Gifts Supporting? Total New Endowments 851,000+ 441 2,425 Gifts made by Gifts above $1 million Scholarships & individual, corporate and Graduate Fellowships foundation donors
115 Faculty Chairs, Professorships & Fellowships * 392 Who is Giving to the Campaign? $1.1B $60.7M Other Endowments Committed through Contributed by current * Includes those supporting student organizations, college-based programs and individuals’ estate plans and former Texas A&M excellence funds, study abroad initiatives faculty and staff and the university libraries, among others.
During the Lead by Example campaign, Texas A&M students have recorded nearly 12 million service hours equating to a monetary value of nearly $280 million. While this total is not reflected in the campaign’s $4 billion goal, it does demonstrate the difference Aggies make every day and the enormousvalue that students bring to their
communities through compassion and service. 12M HOURS Data collected from entire Texas A&M student body; Independent Sector values volunteer time at $25.43/hour. All financial data from Jan. 1, 2012 to June 30, 2020
Texas A&M Foundation | 10 Capital Construction and New Academic Programs During the Lead by Example Campaign (2012-2020)
Construction Academic Programs
• Davis Diamond • 44 Farms International Beef Cattle Academy • McFerrin Center for Entrepreneurship • Dentistry Clinic and Education Building • Aggie ACHIEVE Program Naming (Dallas) • Albritton Center for Grand Strategy • Norman Borlaug Endowed Research Scholars Program • E.B. Cushing Stadium • Brockman Scholars Program • Petroleum Ventures Program • The Gardens at Texas A&M University • Don and Ellie Knauss Veteran Resource & • John D. White ’70 – Robert L. Walker ’58 Support Center Naming • Reynolds and Reynolds Entrepreneurship Music Activities Center Bootcamp for Veterans & Reynolds and • EnMed (Engineering Medicine) Program Reynolds Sales Leadership Institute • Kyle Field renovation • Hagler Institute for Advanced Study • Science Leadership Scholars Program • Quad renovation, complete with four Naming new Leadership Learning Centers • Washington D.C. Teaching Site for the Bush • Halliburton Engineering Global Program School of Government and Public Service • Thomas G. Hildebrand, DVM ’56 • Haynes Scholars Program Equine Complex • Wm Michael Barnes ’64 Department of • J. Mike Walker ’66 Department of Industrial and Systems Engineering Naming • Zachry Engineering Education Complex Mechanical Engineering Naming • Zachry Leadership Program • James Benjamin Department of Accounting Naming
11 | Lead by Example | 2020 Annual Report ZACHRY ENGINEERING EDUCATION COMPLEX THE GARDENS AT TEXAS A&M UNIVERSITY
CORPS OF CADETS QUAD RENOVATION
JOHN D. WHITE ’70 – ROBERT L. WALKER ’58 MUSIC ACTIVITIES CENTER HILDEBRAND EQUINE COMPLEX DENTISTRY CLINIC ANDTexas EDUCATION A&M Foundation BUILDING | 12 Foundation’s Change in Net Assets Gifts to Texas A&M
The Foundation’s net assets increased 2.5% during the 2020 fiscal year. Donors gave $180.3 million to the Texas A&M Foundation and Texas A&M University during the fiscal year ending June 30, 2020. 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 13.5 cents.
in in millions billions $2.1 Billion Total net assets in fiscal year 2020
Annual totals for fiscal years 2011 through 2020 Annual totals for fiscal years 2011 through 2020
Three Aggies in the College of Engineering watch from FISCAL YEAR the Johnson Space Center as The Texas A&M University System their undergraduate capstone Board of Regents establishes the project is activated aboard Center of Excellence in Forensic the International Space Station. Nursing, which expands the HIGHLIGHTS The project, known as the College of Nursing’s existing Hermes facility, will assist Master of Science degree and scientists with microgravity graduate certificate in forensic research. Working with nursing programs. The center NASA and Texas Space will also provide training to July 2019–June 2020 Research Applications and health care professionals, law AUGUST JULY Technologies, the students enforcement agencies, social created the command and workers and others involved in 2019 control system for Hermes. 2019 treating victims of violence. Where the $180.3 Million Came From How the $180.3 Million Was Directed
Contributions from former students, friends, and private and family foundations (many Each Foundation gift is linked to an “impact area.” Student impact represents formed by former students) make up 65% of gifts to the Foundation, while gifts from scholarships and fellowships to undergraduate and graduate students. Faculty impact corporations and other organizations make up 35% of the total. 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.
Sources of gifts received in fiscal year 2020 Where fiscal year 2020 gifts were directed
Contributions from *Includes gifts that pass to students, friends, and non-university accounts, such private and family as The Texas A&M University 65% foundations System and The Association of Former Students’ matching funds, as well as Foundation gifts in holding and class gift funds, Contributions from for which donors have not yet corporations and other identified the gift impact area. 35% organizations
Texas A&M celebrates the opening of the new Texas A&M Transportation Services and the Texas The Supreme Court of Texas convenes at John D. White ’70 – Robert L. Walker ’58 Music A&M Transportation Institute demonstrate the Navya the Texas A&M University School of Law in Activities Center. Featuring four spacious soundproof Autonom Shuttle, an autonomous 11-passenger electric Fort Worth. The visit allowed law students rehearsal halls, 32 individual practice rooms and vehicle developed for public transportation service that to observe legal proceedings firsthand the 100-yard, artificial turf Dunlap Drill Field, the uses a variety of guidance and detection systems to and learn from professionals as the court facility provides members of the university’s bands, drive itself. The demonstration and surveys of shuttle heard two cases. Justices also participated orchestras and choral groups a central home on riders will inform planning for future transit options on in a Q&A session, met with students for campus for the first time. campus and in the Bryan-College Station community. lunch and attended classes.
Texas A&M ranks No. 18 among public universities and No. 78 overall in the 2020 Wall Street Journal/Times Higher Education College Rankings. The rankings, which surveyed more than 950 colleges, are based on resources, engagement, outcomes and environment. The university earned similar recognition in MONEY Magazine, which named it the best value in Texas and SEPTEMBER No. 18 in value nationally, and Washington Monthly, where it OCTOBER ranked No. 10 among universities contributing to the public 2019 good through social mobility and research. 2019 Foundation Funds Made Available to Texas A&M Long-Term Investment Pool Asset Allocation
The Foundation annually makes millions of dollars available to Texas A&M for students, By investing assets, the Foundation seeks to preserve the purchasing power of gifts faculty, facilities and programs according to donors’ wishes. In fiscal year 2020, these while providing steady earnings for Texas A&M. The Foundation’s long-term investment funds totaled $114.1 million. These funds consist of non-endowed gifts—funds made pool, which has a total value of $1.9 billion, is composed mostly of endowments, but also available to disburse immediately rather than invested by the Foundation—and income includes other non-endowed funds invested for the long term. from endowments.
in millions $114.1 Million $1.9 Billion Total long-term investment pool Annual total for fiscal year 2020 asset value as of June 30, 2020
7% Opportunistic & Diversified
Annual totals for fiscal years 2011 through 2020
Union Pacific 4141, the funeral train that carried George H.W. Bush to his final resting place in College Station in December 2018, The Texas A&M Veterinary is donated to Texas A&M. The train, which Emergency Team celebrates is painted blue, gray and white to mirror Air its 10th 7%anniversary. Opportunistic As & Diversified Force One, will be permanently displayed the country’s largest and near the George H.W. Bush Presidential most sophisticated disaster Library and Museum. response team, it has been deployed 18 times and its members have In remembrance of the 20th anniversary treated more than 6,000 The Texas A&M University System breaks ground on the new of the Bonfire collapse, thousands gather animals during numerous Bush Combat Development Complex at the RELLIS Campus. at the Bonfire Memorial to honor the disaster situations, such The $130 million complex will contain multiple facilities to 12 Aggies who were lost. Current and as hurricanes, flooding modernize the U.S. Army through research and technology former students, Texas A&M first responders and wildfires. The team NOVEMBER development, including hypersonic and laser systems and and staff members, and family members DECEMBER also provides veterinary computer systems for autonomous vehicles. The complex’s first of the victims answered “Here” as the students with valuable facilities are scheduled for completion in June 2021. 2019 names of the 12 were read aloud. 2019 real-life experience. New Endowments Breakdown Investment Performance
The Foundation prides itself on enhancing the academic experience at Texas A&M University The Texas A&M Foundation has a solid record of investing. Over the years, investment for both students and faculty. Donors who create endowments for scholarships, chairs, performance has consistently met internal performance goals and outperformed most professorships, fellowships and various other needs leave a legacy that enhances Texas A&M’s peer organizations, ranking in the top or high second investment quartile. The long-term core mission of providing the highest-quality undergraduate and graduate programs. investment pool’s 15-year return of 6.4% has accomplished the mission of preserving the spending power of the endowment while enduring two historic market moving events in the 2008 Global Financial Crisis and the 2020 Great Coronavirus Recession.
*The 64 other endowments include those supporting student organizations, college-based programs 306 and excellence funds, study abroad initiatives and the university libraries, among others. 64
8
TOTAL 378 New endowments created during fiscal year 2020
Construction science major Jordan Maywald ’22 becomes the youngest Texas A&M’s College of Dentistry winner on the ABC-TV show “The dedicates its new 160,000-square- Great Christmas Light Fight” for foot Clinic and Education Building, his 120,000-light display at his the first stand-alone building family’s Austin home. Drawing constructed for the college since on his construction science skills, 1950. Featuring 300 dental chair Maywald created many of the stations, specialized clinics and large-scale decorations, including a Michelle Vargas ’19 and Valeria Quintanilla ’21 clinical support areas, the nine-story giant snowman made from tractor become the first graduates of the Texas A&M Higher building will allow the college to shift tires and a life-size gingerbread Education Center at McAllen. Opened in 2018, the to a whole-health educational model house. Maywald uses the display center allows students in the Rio Grande Valley to and increase underserved patients’
to collect donations for the earn their Aggie education closer to home and strives JANUARY access to care while maintaining its Make-A-Wish Foundation and has to enhance the region’s economic development. position as one of the nation’s most funded wishes for six children. 2020 diverse dental schools. Endowment Performance Over Time Planned Gift Expectancies Over Time
The Texas A&M Foundation invests endowments using asset allocation to maximize growth The Foundation’s Office of Gift Planning helps donors establish after-lifetime and dual-benefit while safeguarding capital during tough economic times. The chart below illustrates the gifts that will aid Texas A&M University and its students in the future. For fiscal year 2020, market value of a $100,000 endowed scholarship created in 2000 and its cumulative value the Foundation documented planned gifts valued at $151.9 million, ranging from $2,000 of student stipends. This single endowment would have paid out approximately $5,000 to $45 million in size. The chart below, which illustrates gift expectancies documented by the annually for a total of $105,931 by 2020. Its market value after 20 years would be $126,904. Foundation in the last 10 years, represents a total of $1.1 billion. However, the Foundation has documented more than $1.5 billion* in planned gift expectancies since 1999.
Texas A&M Foundation in Stipends and market value for a $100,000 scholarship in thousands millions *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 & Barbara Bush Foundation.
Documented gift expectancies for fiscal years 2011 through 2020
The Texas A&M Health Science Center holds its 12th annual Disaster Day, the nation’s largest student- led interprofessional disaster response simulation. Each year, health professions students engage in a different scenario to learn how to work collaboratively in real-world disaster situations. This year, more than 700 students participated in an earthquake simulation, practicing triage at the disaster site and patient care at a mock field hospital.
The Texas A&M Foundation hosts more than 600 of its Texas A&M University at Galveston’s Gulf Center for Sea top donors during its second annual Exploration Day. Turtle Research receives a state wildlife grant to monitor Held in Texas A&M’s Hall of Champions, the immersive Galveston Bay’s sea turtles. Awarded by the Texas Parks event showcased high-impact research and academic and Wildlife Department, the grant will help researchers initiatives from the Bush School of Government and MARCH FEBRUARY tag green, Kemp’s ridley and loggerhead sea turtles to Public Service, the College of Architecture, the Health better understand population demographics, sea turtle Science Center, and the Texas A&M Maritime Academy 2020 movement and habitat needs. 2020 at Texas A&M-Galveston. Planned Giving by the Numbers Planned Gifts by Type
Aggies from all walks of life shape the future of Texas A&M and support generations of The popularity of planned giving continues to increase, as these flexible commitments students through planned gifts. This method of giving offers a perfect solution for those who allow donors to customize their method of giving, receive potential financial benefits and wish to make a commitment today to change lives tomorrow. provide for loved ones, all while supporting Aggieland. The chart below illustrates the types of planned gifts received by the Foundation in fiscal year 2020.
Number of planned gifts created in fiscal year 2020 144
Number of new Heritage members in fiscal year 2020 126 Average planned gift size in fiscal 10% IRA/IRD Beneficiary Gifts year 2020* $1 million Value of realized planned gifts during fiscal year 2020 as a $12.7 million result of estate intentions
Value of realized planned gifts in the past 10 years $173.2 million
*Excludes contingent gifts 10% IRA/IRD Beneficiary Gifts The Texas A&M University System announces plans for Texas A&M Innovation Plaza, its landmark 5-acre campus Guillermo “Memo” in Houston, Texas. Located in the Texas Medical Center, Salinas ’22 becomes the the campus will set a new standard for collaboration in first Hispanic Yell Leader engineering, medicine, research and education. It will when he is elected as consist of an 18-story building for students participating in a Junior Yell Leader for the university’s Engineering Medicine program, as well as a 2020-21. An agribusiness student housing center and an integrated medical building. major from Laredo, Texas, Salinas comes from a family of Aggies and grew up dreaming of one day being a Yell Leader. He hopes his For the first time in history, Aggies gather virtually for Muster due to the COVID-19 position will inspire MAY APRIL pandemic. Nearly 50,000 people from 50 different countries logged on to connect with others in his community Aggies, watch the Worldwide Roll Call for the Absent, participate in local and campus while also allowing him 2020 Muster ceremonies, and honor those who have passed by answering “Here.” to serve the university. 2020 Statement of Financial Position
une , une , 19 une , une , 19
Assets iabilities and et Assets Cash and cash equivalents $ 42,43 , $ 52,225,54 iabilities Accrued revenue and other receivables 2,3 2,363 2, , 4 Accrued liabilities $ 3,2 ,3 $ 3,633,552 Contributions receivable, net of allowance 2 3,33 , 2 ,435,352 Annuities and trusts payable 56, 3 ,5 4 5 , , 4 Investments 2, 55,32 ,25 2, 3,536,5 6 Amounts held for other charitable organizations 264, 5 , 6 2 6, 5,2 emainder interests ,4 2, , ,443 Other liabilities 2 2, 4, Assets held in trust by others ,25 , 3 ,423, 4 Total liabilities 5, 69,948 78,9 9,89 Interests in life insurance policies 3,3 2,46 3,22 , 6 et Assets Furniture and equipment, net of accumulated depreciation 6 4,3 5 , 62 and amortization; (2 2 ) $2,5 2, 43, (2 ) $2,6 6,2 3 Without donor restrictions $ ,662, 45 $ ,235,3 2 Headquarters building, net of accumulated depreciation ,456, 5 ,323, 2 With donor restrictions 2, 6 ,35 ,64 2, , 63,54 and amortization; (2 2 ) $5,54 ,532, (2 ) $5,4 2,6 3 Total net assets ,14 , ,794 , 88, 98,9 Art collection and collectibles ,3 ,3 2 ,3 ,3 2
Other assets 4 ,4 6 4 ,524 Total liabilities and net assets ,465, 9 ,74 , 67, 8,8 Total assets ,465, 9 ,74 , 67, 8,8
Texas A&M alumnus Dr. Caleb McDaniel ’00 ’01 receives the 2020 Pulitzer Prize in History for his book, “Sweet Texas A&M alumnus and former Taste of Liberty: A True Story AgriLife professor Dr. Chris of Slavery and Restitution Boleman ’96 ’00 ’03 becomes in America.” The book tells president and CEO of the the story of Henrietta Wood, Houston Livestock Show and who was kidnapped and sold Rodeo. Established in 1932, The First Lady of Aggieland stars on the small screen in an episode back into slavery after being the rodeo is the largest event of the Disney+ show “It’s a Dog’s Life.” During the episode’s filming in freed. When she regained of its kind, welcoming more September 2019, show host Bill Farmer, best known for voicing the her freedom, she sued her than 2.5 million visitors in characters Goofy and Pluto, traveled to Texas A&M’s campus to meet abductor in 1870 and received 2019. In addition to providing
Reveille and her handler, Colton Ray ’22. The episode follows Reveille JUNE the largest restitution ever family-friendly entertainment, it as she performs many of her mascot duties, including her appearance awarded by an American promotes agriculture and youth at the 2019 home football game against Auburn. 2020 court for slavery. education across Texas. Statement of Activities and Changes in Assets
ithout Donor estrictions ith Donor estrictions Total 19 Total
evenues, ains and Other Support Contributions $ 364, 66 $ 3 , 3,2 4 $ 32, 4 , $ 24,555, 2 Other support , 2 3, 2,65 3, 2 , 4, 3 , 6 Investments return, net , 64,54 33, 4 , 54 34, 5,6 4 4, 43, 2 ental income - ,4 2 ,4 2 5,53 evenue from oil and gas interests 45, ,263,5 4 ,4 ,2 2,53 ,26 Other revenue 32 ,45 - 32 ,45 6 , 5 Net assets released from restrictions ,5 5, 34 ( ,5 5, 34) - - Total revenues, gains and other support 1 , 7,714 5 ,495,1 9 17 ,7 ,8 7,568,694
Expenses Payments and transfers to Texas A&M University Departmental support $ 5 ,3 ,54 - $ 5 ,3 ,54 $ 6 ,66 , Scholarships/fellowships 3 , , 24 - 3 , , 24 2 ,63 , 3 Faculty support ,233,663 - ,233,663 , 55,22 Institutional support 4 , - 4 , 65 ,52 Management and general ,2 4,4 - ,2 4,4 , , 5 Fundraising 22,632,236 - 22,632,236 2 , 35, 2 Total expenses 1 ,8 ,961 - $ 1 ,8 ,961 $ 1 5,1 6, 54
Change in et Assets (57 , 47) 5 ,495,1 9 51,9 1,86 9 ,4 , 4 et Assets, une , 19 79, 5, 9 , 8,86 ,54 , 88, 98,9 1,995,666,59 et Assets, une , 78,66 ,145 , 61, 58,649 ,14 , ,794 , 88, 98,9
Texas A&M Foundation | 20 TOTAL AMOUNT A&M LEGACY AND CONTRIBUTED TO TEXAS A&M BY A&M HERITAGE SOCIETIES LEGACY SOCIETY MEMBERS TO DATE* The A&M Legacy Society recognizes gifts—such as gifts in wills, charitable $3.9 individuals, corporations and trusts, or beneficiary gifts of retirement organizations whose cumulative accounts or life insurance—to the and current giving to Texas A&M Texas A&M Foundation to benefit totals $100,000 or more. Texas A&M University.
Heritage Membership within the A&M We are proud to display the names of Legacy Society honors individuals Legacy Members in Legacy Hall of the and families who have made planned Jon L. Hagler Center. BILLION*This total includes all gifts made by Legacy Society Members since 1978. 451 126 7,135 2,477 New Legacy Members New Heritage Members Total number of Legacy Members Total number of Heritage Members in fiscal year 2020 in fiscal year 2020
21 | Lead by Example | 2020 Annual Report During a year that challenged every member of every community, Aggies and friends of Texas A&M University were resolute in their commitment to supporting our students, faculty and staff. Your contributions will empower generations of Aggies to dare greatly in serving others across the state, nation and world. Thanks to your generosity, Aggieland will continue to uphold its values and stand as a THANK proud beacon of leadership and camaraderie for all to see. YOU
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