Total assets of the Texas Ex-Students Association and the Texas Exes Scholarship Foundation, 2011: $104,381, 295
Total liabilities of the Texas Ex-Students Association and the Texas Exes Scholarship Foundation: $3,315,769
Net assets of the Texas Ex-Students Association and the Texas Exes Scholarship Foundation: $101,065,526
The University of Texas Ex-Student’s Association, also known as the Texas Exes, are the oldest of all external non-profits affiliated with the University. The association, which had 97,633 members last year, raises funds which are primarily allocated to student scholarships.
The organization, which started out as affiliated with the University, granted its first scholarship in 1885. It legally separated itself from the University in 1919 after a fall out with the University’s Board of Regents. The Ex-Student’s Association held $53,603,087 in net assets at the end of its 2011 fiscal year, according to IRS documents.
In 2009 the organization established the Texas Exes Scholarship Foundation as a vessel for funds raised for the group’s Forty Acres Scholars program, which offers full-ride scholarships to top students at the University. The scholarship foundation’s net assets in 2011 were $47,462,439, according to IRS documents.