About Texas Tech Foundation
For more than 75 years, the Texas Tech Foundation has partnered with the Texas Tech University System to raise, manage and invest private gifts that benefit all of our universities.
Focus Areas
higher educationhealth careresearchoutreachscholarshipsfaculty support
Who They Fund
college/university students (Texas Tech scholarship recipients)university athletic programs/student-athletesneonates/newborns and their families (NICU patients)higher education institutions (Texas Tech University System, Spelman College)Black/African American student community
Funding Style
About Texas Tech Foundation
Texas Tech Foundation Inc. is defined by large, recurring support for Texas Tech University System operations and student aid. Three of its six recent grants went to the same recipient in consecutive years, including $120,303,636 in 2025, $93,821,903 in 2024, and $94,786,759 in 2023, all for scholarships and general operating expenses tied to the system. That pattern places higher education at the center of its giving, with funds used both for student support and institutional operations. The foundation also extends beyond the main university system through targeted grants in health sciences and campus-related institutional support. It gave $750,000 to Providence Inland Northwest Foundation to support a neonatal intensive care unit expansion, and $250,000 to Red Raider Facilities Foundation Inc. for athletics-related property and expenditures at Texas Tech University. A smaller 2025 grant of $50,000 went to Spelman College in connection with an endowment intended for the Black Cultural Center at TTU and later transfer under Texas Senate Bill 17. Across these awards, the foundation’s role is centered on university advancement, scholarships, health sciences, and related campus priorities.
What Texas Tech Foundation Funds
Higher education is the clearest theme in the foundation’s recent grants. It gave $120,303,636 in 2025 to Texas Tech University System for scholarships and general operating expenses, following similar awards of $93,821,903 in 2024 and $94,786,759 in 2023 for the same purpose. Health sciences appear in a separate line of giving. In 2024, Providence Inland Northwest Foundation received $750,000 to support the expansion of Providence Hospital’s neonatal intensive care unit. The foundation also funds campus infrastructure and student-life related initiatives. Red Raider Facilities Foundation Inc. received $250,000 in 2023 to support and promote athletics at Texas Tech University through property holding, investment, administration, and expenditures. A 2025 grant of $50,000 to Spelman College was tied to an endowment for the Black Cultural Center at TTU and a requested transfer under Texas Senate Bill 17.
How Texas Tech Foundation Gives
Grant size is highly skewed. The distribution shows a p25 of $375,000, a median of $47,285,952, and a p75 of $94,545,545, reflecting a portfolio anchored by very large institutional awards. Recent recipients also repeat: Texas Tech University System appears in 2023, 2024, and 2025 with consecutive grants for the same broad purpose. The foundation is classified as a regular funder, does not fund individuals, and does not make program-related investments. No application process is provided in the data.
Financial Snapshot
Annual Giving
$120.4M
Total Assets
$938.1M
Total Revenue
$92.7M
Total Expenses
$122.8M
Typical Grant Size
Most grants fall between $375K and $94.5M, with a median of $47.3M.
25th Percentile
$375K
Median
$47.3M
75th Percentile
$94.5M
Geographic Reach
Regional3 states funded
Funding intensity
LowHigh
Headquarters
Leadership
PATRICK KRAMER
Accepts unsolicited proposals
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