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Texas Tech
University is in compliance with Comprehensive Standard 3.2.2
and its component parts.
3.2.2.4
The development mission of the university is a function of the
chancellor, and administered through the Office of the Vice
Chancellor for Institutional Advancement. The Office of
Institutional Advancement supports the Texas Tech Foundation,
Incorporated by receiving, receipting, acknowledging, and
reporting gifts received by the Foundation. Texas Tech
University has an agreement whereby the Office of Fiscal Affairs
of the university maintains the official books of TTFI accounts
held by TTU as agency funds. These arrangements are
spelled out in Texas Tech University O.P. 02.01 (http://www.depts.ttu.edu/opmanual/OP02.01.html).
Texas Tech
University Foundation, Incorporated
The purpose of the
foundation is to support and promote all colleges, schools,
programs, and campuses of Texas Tech University and Texas Tech
University Health Sciences Center. The foundation was formed to
seek and obtain gifts for the institutions, and to receive,
hold, invest, and administer property of any type given to the
institutions or for the benefit of the institutions, and to make
expenditures to or for the benefit of the institutions.
The Foundation is
governed by a 30-member Board of Directors which meets
quarterly. The members of the Board also serve on committees of
the Board, which include the Executive Committee, the Investment
Committee, the Budget and Audit Committee, the Nominating
Committee, Public Relations Committee and Development Committee.
Texas Tech
Foundation, Inc., is a Texas corporation established under
Section 501(c)(3) of the Internal Revenue Code for educational or charitable purposes.
The Red Raider Club
The Red Raider
Club is a wholly-owned adjunct of the Department of
Intercollegiate Athletics of Texas Tech University. It has a
12-member board of directors and an employee of the Athletic
Department serves as executive director and also serves as an
ex-oficio member of the board, along with the Director of
Athletics. This organization is the principal fund raiser and
booster organization for the university’s athletic programs
Double T
Association
Double T
Association is a registered Texas non-profit corporation. Its
membership is open to individuals who have earned a letter for
participation in Texas Tech intercollegiate athletics or for
such others as may be unanimously approved by the 12-member
board of directors. The by-laws of the association indicate that
its primary activity is to provide financial support for Texas
Tech University athletics and athletics associated charitable
organizations. The Double T Association has no formal agreement
with Texas Tech University.
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