Gross Receipts: $7,953,730
Total assets: $16,213,291
Total liabilities: $1,089,474
Net assets: $15,123,817
Year founded: 1978
Number of people on board: 9
Led by Susie Brown, associate dean for business affairs, the McCombs School of Business Foundation gives millions of dollars annually to the business school and provides more than $600,000 for scholarships through the Ex-Students Association.
Joe Holt, chairman of the foundation’s board of trustees, said the foundation’s main source of revenue is the Texas Executive Education program, a management-training program for individuals and corporations.
The foundation provides supplemental salary to various McCombs professors and lecturers for working the executive education seminars.
Business school dean Tom Gilligan also receives a $100,000 supplement to his salary through the foundation.
MBA students benefit from the foundation through the MBA Investment Fund, the first private investment company managed by students, which was created by former dean George W. Gau. About 20 students work as portfolio managers and investment counselors for the investment every year.