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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations The University of Texas Foundation Inc.

The University of Texas Foundation Inc.

Fiscal year ending 2024. Filed on July 4, 2025.

9011 Mountain Ridge Drive 150
Austin, Texas 78759

The University of Texas Foundation Inc. (EIN: 74-1587488) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, The University of Texas Foundation Inc., a 501(c)(3) charitable organization, reported compensation for 1 out of 7 total employees. Among the employees shown here, the average compensation is $234,198. The highest compensated employee at The University of Texas Foundation Inc. is Sheri Despain with fiscal year 2024 compensation of $234,198.

Revenue, expenses, and employee compensation

Revenue

$68,530,313

Expenses

$64,804,284

Employee compensation

$642,124
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Sheri Despain
Executive Director and CFO
$234,198
$205,541 No related comp$28,657

Benchmark Employee Compensation

Non-Employee Board Members

Alfred M Meyerson
President-Elect
Brian T McLaughlin
Vice President and Treasurer
Bruce Rideaux
Director
Carol A Huebner
Director
Charles W Matthews Jr
Director
Cynthia Adkins
Director
David Oliveira
Director
Douglas Glass
Director
Hector Deleon
Director
Lisa Saenz
Director
Michael L Cook
Director
Michelle Brock
Director

Mission Statement

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.

Revisions to this organization profile

July 4, 2025:
2024 The University of Texas Foundation Inc. 990 filed
July 30, 2024:
2023 The University of Texas Foundation Inc. 990 filed
October 12, 2023:
2022 The University of Texas Foundation Inc. 990 filed

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