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Also known as: EDUCATION INC
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Randolph Foundation For Higher Education Inc. is a private corporation based in LUBBOCK, TX. The foundation received its IRS ruling in 2014. It holds total assets of $63.4M. Annual income is reported at $613K. Total assets have grown from $22K in 2013 to $68.9M in 2022. The foundation is governed by 1 officer or trustee. The foundation operates in the area of education. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2016 to 2023. According to available records, Randolph Foundation For Higher Education Inc. has made 14 grants totaling $1.7M, with a median grant of $7K. Annual giving has decreased from $344K in 2020 to $11K in 2023. Grantmaking activity was highest in 2021 with $1.3M distributed across 4 grants. Individual grants have ranged from $500 to $1M, with an average award of $123K. The foundation has supported 6 unique organizations. Grant recipients are concentrated in Texas. Contributions to this foundation are tax-deductible.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Randolph Foundation For Higher Education Inc. primarily funds organizations in the area of education. Based on available records, the foundation has funded 14 grants. Its grantmaking reaches organizations primarily in TX.
Randolph Foundation For Higher Education Inc. has distributed a total of $1.7M across 14 grants. The median grant size is $7K, with an average of $123K. Individual grants have ranged from $500 to $1M.
Randolph Foundation For Higher Education Inc. typically selects its grantees rather than accepting unsolicited proposals.
Randolph Foundation For Higher Education Inc. is headquartered in LUBBOCK, TX.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Doug E Randolph | Director | $0 | $0 | N/A |
Total Giving
$52K
Total Assets
$68.9M
Fair Market Value
$69.2M
Net Worth
$4.6M
Grants Paid
$11K
Contributions
$119K
Net Investment Income
$826K
Distribution Amount
$260K
Total: $66M
Total Grants
14
Total Giving
$1.7M
Average Grant
$123K
Median Grant
$7K
Unique Recipients
6
Most Common Grant
$5K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Southcrest Christian SchoolFOR STUDENT SCHOLARSHIPS | Lubbock, TX | $10K | 2023 |
| Southplains CollegeSCHOLARSHIPS | Levelland, TX | $500 | 2023 |
| Texas Tech UniversitySCHOLARSHIP | Lubbock, TX | $500 | 2023 |
| Angelo State UniversityHANDBALL FACILITIES IN HONOR OF TROY RANDOLPH, SR. | San Angelo, TX | $1M | 2021 |
| Lubbock Christian UniversityHANDBALL FACILITIES IN HONOR OF TROY RANDOLPH, SR. | Lubbock, TX | $314K | 2021 |
| The University Of Texas SystemLUBBOCK ENDOWMENT EXCELLENCE FUND FOR HANDBALL IN HONOR OF PETE TYSON | Austin, TX | $26K | 2021 |