Highlighting the continued growth of its endowment and the lasting impact of gifts to its universities, the Texas Tech University System released its annual endowment figures for 2018.
The results comprise the system’s annual endowment report, which is shared with endowment donors each December after financial statements are reported to the state. The full report can be found on the newly updated site give2tech.com/endowmentreport.
Invested for long-term growth, the Texas Tech University System endowment provides a perpetual source of funding for the system’s four universities. Donors who make a gift to the endowment designate how those moneys will be used to further the institutions’ teaching, research and patient care missions.
Student and faculty support remain the two biggest categories funded by the endowment, with almost half of the endowment designated for undergraduate scholarships and graduate fellowships. Other areas include academic programs, research, museums, facilities and a wide range of other activities.