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Texas Tech Alumni Association announces transition to become part of university
Texas Tech Alumni Association announces transition to become part of university

Yahoo

time24-06-2025

  • Business
  • Yahoo

Texas Tech Alumni Association announces transition to become part of university

The Texas Tech Alumni Association is joining the university, shifting away from its previous status as a separately operated non-profit organization, leaders from Tech and the Alumni Association announced in a joint statement late Wednesday. According to its website, the Alumni Association has been an independent non-profit organization established by the first graduating class of Texas Technological College, now Texas Tech University. Leaders from the Texas Tech System, TTU and the Alumni Association released a joint statement late Wednesday announcing that the Alumni Association would become part of the university: The full statement, sent from an Alumni Association email account, reads: "As we set our sights on an even brighter future for Texas Tech University, we are excited to share a new era in our relationship with the Texas Tech Alumni Association (TTAA). To strengthen the connection between Texas Tech and our alumni, the TTAA will now transition to become part of the university. This new alignment with TTAA will ensure stronger integration of our shared mission and Texas Tech's long-term goals. This change allows us to enhance stewardship, streamline operations and increase transparency while continuing to deliver the programs and traditions you value most. From scholarship support and alumni events to cherished milestones like the class ring, the experiences that define Red Raider pride will continue under this new structure. For nearly a century, the TTAA has operated as a separate nonprofit, closely partnered with Texas Tech but governed independently. Recent discussions between university leadership, the Texas Tech University System Board of Regents and the TTAA focused on bolstering and greater alignment of alumni engagement with the university's strategic priorities. The result is a more unified approach that will preserve tradition and recognize the organization's history while building new opportunities for deeper involvement. Your support is vital to this momentum and our continued success. Whether you're mentoring students, supporting student scholarships or gathering with fellow Red Raiders before kickoff, you are helping shape the future of our university. We understand this decision introduces change and a period of transition, and we remain committed to communicating with transparency and care throughout the process. Above all, we are united by our shared passion for Texas Tech and a desire to enhance the bonds that connect us across generations. Thank you for your loyalty, spirit and unwavering commitment to Texas Tech. With gratitude, President Lawrence Schovanec, TTU Chancellor Tedd L. Mitchell, TTU System Chairman Cody Campbell, TTU System Board of Regents Vice Chairman Dustin R. Womble, TTU System Board of Regents Curt Langford, TTAA President and CEO Chair Missi Currier, TTAA National Board of Directors According to its current website, the Alumni Association has been governed by a National Board of Directors that sets policies for the organization, oversees operations and finances, and directs and supervises the programs and strategic plan of the association. More: Curt Langford: Texas Tech on the hinge of history The Association had more than 28,000 members and more than 100 chapters across the world, according to its most recently released 2023 Annual Report. The Association reported just over $7 million in total revenue in 2023, nearly $5 million in expenses and net assets of about $17.6 million. Its revenue came largely from membership contributions - about $3 million - along with rental income, sponsorships and other income. Its expenses included about $2.7 million listed as program expenses, $1.4 million in fundraising expenses and about $800,000 for management and general expenses, according to the report. Other information about the circumstances leading to the Alumni Association's transition to the university, as well as potential impacts to employees and members, was not immediately available. A spokesperson for the Alumni Association referred A-J requests for comment and additional information to the university. Officials with the university were not immediately available to comment. This article originally appeared on Lubbock Avalanche-Journal: Texas Tech Alumni Association transitions to become part of university

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