2018 Terry Foundation Annual Report

3104 Edloe , suite 2 05 • Ho u ston , T e xas 77027

t er ry f oun dation . org Terry Scholars® and the Terry Foundation® logo are Registered Trademarks of the Terry Foundation. © 2018, The Terry Foundation. All rights reserved.

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2018 ANNUAL REPORT

Dear Scholars, Alumni, and Friends: It is always a pleasure to write the annual letter to our friends, scholars, alumni, and university partners. It is an exciting time to be at the Terry Foundation and to be engaged, as always, in helping educate the young people of Texas. We began fall 2018 with 1,406 Scholars enrolled across our 13 partner universities, down modestly from fall 2017’s enrollment of 1,624. This reduction is intentional as we focus on getting our educational “spend” in line with our “income.” Our retention rate remains strong at 91.6%, and the academic record of our Scholars is absolutely amazing: cumulative GPA of 3.57 for Traditional Scholars and 3.46 for Transfer Scholars. These statistics speak volumes about the high quality of our Scholars when one considers that many have faced hardships, work to support themselves or their families, and maintain various responsibilities and commitments on and off campus. Mr. Terry always said “No test can measure how hard someone is willing to work.” Our program is a testament to that truth.

We have invested over $273 million in educating young Texans from inception to date, with a budget for 2018-19 of $34.76 million, down slightly from last year.

In last year’s letter, I mentioned the generosity of many of our alumni in giving back financially to the Foundation with their dollars, despite having never been asked. This contribution is over and above the very substantial commitment in time that we receive every year from our Board, our Advisory Board, Alumni Association officers, and our many interview panelists, none of whom are compensated. We sincerely thank each of you for your continuing service. As of December 31, 2018, we have received over $64,000 from our Alumni, again without formally asking. We commit to you that we will be careful stewards of your contributions.

On top of last year’s 30th Anniversary film, this year we followed up with a documentary titled “A Generous Life: The Story of Howard Terry.” It is, if anything, better than the last! We were eager to create this film while those who knew this remarkable man were still vigorous in both mind and body. We again thank those many Alumni and Scholars who participated in making these wonderful films, which are available to view on our website and YouTube channel.

In 2018 we were pleased to debut Terry Connect, the social media site available exclusively to Terry Scholars and Alumni, for the purpose of allowing them to share their disciplines, career paths, CVs, professional experiences, job openings, and provide a mechanism for current scholars to find mentors in their chosen field.

Terry Connect has been a tremendous success and we urge every Terry Scholar to join if you have not.

We again thank all those who have contributed to our continuing success. Each of us at the Foundation recognizes that we have the best job in the world: we are helping change lives for the better every day!

Very truly yours,

Rhett G. Campbell

Chief Executive Officer and Chairman of the Board of Directors of the Terry Foundation

January 25, 2019

Most importantly, being a Terry Scholar means that I get to be a part of something that is much bigger than myself.”

-Daisy Montano (UNT 2014)

Howard and Nancy Terry

Our Founders It all started with a single gift from Howard and Nancy Terry in 1987, when the Houston couple founded what is now the largest private source for scholarships in Texas.

The Terry’s believed that the students to whom they extended a helping hand would, in turn, give back – to the Foundation, the community and beyond, long after they themselves were no longer with us. Today, the success of thousands of Terry Scholars stands as testimony to the wisdom of that belief. Indeed, that legacy has only grown since the passing of both Founders in 2012.

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Our Mission To develop future leaders of Texas through access to education.

Our Vision To create a community of educated leaders who utilize their talents to strengthen the state of Texas and impact the world.

Our Pillars of Excellence Scholarship Leadership Service Community

Over the past six years, we have added 2,607 Terry Scholars to the Terry family. Compare that to the cumulative total of 2,812 Scholars that were welcomed during the entire first twenty-five years of the Foundation’s existence.

Cumulative Scholar Census Since 2012

4,290

4,744

5,108

5,419

3,745 3,247 2,812

2012

2013

2014

2015

2016

2017

2018

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Board of Directors

Board of Directors Rhett G. Campbell

John W. Storms

Gayle Stinson (UT 1987)

Board Chair & Chief Executive Officer

Board Member

Alumni Board Member

Edward T. Cotham Jr.

R. Carter Overton III

Jeffrey C. Stichler

Chief Investment Officer

Board Member

Alumni Board Member

J.D. Davis (UT 1989)

Brian G. Yarbrough

Alumni Board Member

Alumni Board Member

Yvonne Rode Moody

(TAMU 1987)

President & Executive Director

(TAMU 1990)

(UT 1988)

Elizabeth Riley Keeler

(TAMU 1992)

Alumni Board Member

Alumni Advisory Board Outgoing Blair Abernathy (UT 2001)

Amanda Ghagar (UT 2001)

Jody Rodenberg (TAMU 2003)

The Terry Foundation

Okta, Inc.

Palter Stokley Sims PLLC

Leigh Darilek (UT 1996)

Lesley Vaculin Gleason (TAMU 2005)

Garrett Sloan (TXST 2009)

CPS Energy

Texas A&M University, Poultry Science Dept.

LP Building Solutions

Alicia Dietrich (UT 2000)

Brandy Butler Horton (TAMU 2001)

Steven Strauss (UT 1998)

UT Austin, College of Fine Arts

Ozburn-Hessey Logistics LLC

Mend Services

Kristin Kellar Eschbach (TAMU 2004)

Justin Johnson (UT 2009)

Kasey Ruedas Yanna (UT 2005)

USD Group LLC

Facebook

USD Group LLC

Kaleb Fulgham (UH 2006)

Madhura Kulkarni (UT 2001)

FloSports

PepsiCo Frito Lay

Noel Fuller (TXST 2008)

Samantha McMillan (UTD 2008)

Texas State University - San Marcos

Uplift Education

Maria Garnett (TAMU 2006)

Harrison Pierce (UTSA 2008)

Joint Legislative Audit and Review Commission

Linbeck Construction

Jake Pringle (UT 1993) Milliman

Continuing Carson Curry (UTD 2006) Phillips 66

Adilene Mendino Estrada (UH 2009) Stantec

Ashley Evans (UT 2007) Arcadis

Kathryn Flowers (UT 2007) UT Austin, Dell Medical School

Patrick Frasier (UT 2004) Civitas Learning

Nicole White Griffith (UTSA 2006) Achieve Connection Counseling PLLC

Danielle Urban Hammett (UT 2005) Austin Board of Realtors

Sarah Henze (UT 1997) Lee Financial

Christian Hertzberg (UT 1992) Texas Department of Insurance

Theresa Huth (TAMU 1999) Indeed

“As a Terry, I have the privilege of being surrounded by equally driven scholars who are constantly inspiring me to be better.” -Daisy

The Alumni Advisory Board cumulatively gives over 1,000

Alumni Advisory Board continued...

hours of time

to the Foundation each year.

Silas Jones (TAMU 2001) Bury + Partners, Inc. Engineering Solutions

Theresa Hunter Jones (UNT 2010) ASPIRE

Milly Sordo Lackey (TAMU 2005) Full-Time Parent

Incoming

Sara Lloyd (TAMU 1994)

Sara Bhamani (UT 2011)

ExxonMobil

Hewlett Packard

Kathryn Ellis Luevano (TXST 2004)

Pranav Desai (UT 2008)

Veritas Academy

NXP (Freescale)

Aide Meza (UH 2010)

D’Ann Holubec (TTU 2013)

Central Houston, Inc.

Texas Tech University, Health Sciences Center

Mallory Miner (UNT 2010)

Kim Mai Le (UH 2010)

Plano ISD-Shepton HS

Air Liquide

Brian Mueller (TAMU 2004)

Charles Luu (UT 1996)

KPMG, LLP

Big Frog of Bellaire

Derek Rodriguez (TAMU 2006)

Glenda Molina (TXST 2005)

HMS

Silicon Hills Wealth Management, LLC

Rebekah Mallette Schneider (UTD 2009)

Leslie Gerik Nelson (UT 2001)

Griffin Partners

Gartner

Hannah Shoemaker (UT 2007)

Corey Nieman (UT 2007)

Peterson Regional Medical Center; Hill Country Memorial Hospital

Mansfield ISD-Mansfield HS

Christopher Turner (UNT 2010)

Our Lady of the Lake University

CGI Group

Blane Skiles (UNT 2012)

Cory Whitaker (TAMU 1997) Bowie Capital

KSLA News 12

Ahmed Zidan (UTD 2006)

Graduate Student, UNT

Joshua O’Mullan (UTSA 2011)

Michele Snider (TAMU 2013)

Self Employed

2018 Austin Alumni Luncheon and Advisory Board Meeting 5

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Interview Panelists TRADITIONAL Andrea Abeln (TAMU 2010)

Ashley Evans (UT 2007)

Sarah Henze

Sam Alders (TAMU 2014)

Kathryn Flowers (UT 2007)

Melissa Hernandez (UH 2008)

Garth Beinart (UT 1993)

Patrick Frasier (UT 2004)

Christian Hertzberg (UT 1992)

Sara Bhamani (UT 2011)

Kaleb Fulgham (UH 2006)

Zehra Hussain

Kim Brandl Pekar (TAMU 1998)

Noel Fuller (TXST 2008)

Theresa Huth (TAMU 1999)

Jonathan Brewer

(UT 1997)

(UNT 2014)

Javier Garza (UNT 2014)

Brittani Ingram Sallans (UH 2004)

David Brewerton (UT 2003)

Ayana Georges (TWU 2014)

Courtney Jaekel (UTA 2015)

Hayley Brownlow (TTU 2014)

Hannah Gerken (TAMU 2014)

Justin Johnson (UT 2009)

Brandy Butler Horton (TAMU 2001)

Amanda Ghagar (UT 2001)

Stephanie Johnson Cook (UT 2003)

Baltazar Camacho (UT 2004)

Chase Gibson (SHSU 2012)

Ray Kerlick (UT 1987)

Rhett Campbell*

Sammetria Goodson (UT 2000)

Pat Kinder (UT 1990)

Abbie Camero (UTD 2014)

Scott Grass

Kyle Knight (UH 2013)

Edwin Cantu (SHSU 2015)

Jason Guillemette (UT 2005)

Ciara Knight (TXST 2012)

Sara Carden (TTU 2012)

Hayle Hardy

Maddy Kulkarni (UT 2001)

Todd Christian (TAMU 2014)

Isaiah Harris (UTSA 2014)

Milly Lackey (TAMU 2005)

Kenzie Cocke (TTU 2012)

Baley Helton (TXST 2014)

Alba Lala (UT 2005)

(TAMU 2011)

(UH 2006)

(TWU 2014)

Bonnie Cole Southerland (TXST 2004) Ed Cotham* Kirsten Cottle (SHSU 2014) Remington Couts (TAMU 2012) Kristen Cummings (TAMU 2004) Leigh Darilek (UT 1996) JD Davis (UT 1989)* Aydan Delgado (UH 2014) Taylor Dillard (TAMU 2014) Amanda Donohoe (UT 1987) Tammira Early Philippe (TAMU 1991) K.K. Eschbach (TAMU 2004)

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TRANSFER Mandy Ambriz (TWU 2016)

Gerald Hallford (UH 2016)

Kelly McCune (TTU 2013)

Mohammed Azam (TAMU 2014)

Joseph Hartman (TAMU 2014)

Adilene Mendino-Estrada (UH 2009)

Rhett Campbell*

Ruth Hernandez

Aide Meza (UH 2010)

Daniel Clarke (UTD 2015)

Curtis Jeffries (UNT 2015)

Wesley Migura (TAMU 1988)

Carson Curry (UTD 2006)

Elizabeth Keeler (TAMU 1992)*

Mallory Miner (UNT 2010)

Alicia Dietrich (UT 2000)

Kathryn Laplant-Israel (TXST 2015)

Yvonne Moody (TAMU 1987)*

Reagan Froncek (TAMUG 2016)

Sara Lloyd (TAMU 1994)

Cecilia Moreria

Lesley Gleason (TAMU 2005)

Miriam Magdaleno (TAMU 2002)

Andrea Pinon (TXST 2014)

Rebekah Mallette (UTD 2009)

Connor Rivera (UT 2015)

Gracie Martinez (UH 2014)

Jody Rodenberg

Viviana Martinez (UTSA 2015)

Daniel Rodriguez (UT 2013)

(UNT 2014)

(TAMU 2015)

(TAMU 2003)

Garrett Sloan (TXST 2009) Jeff Stichler (TAMU 1990)* John Storms* Chris Turner

(UNT 2010)

Bruce Wilson (TTU 2015) *Board Member

Terry interview panelists collectively gave

over 5,300 hours to help select the 2018 class of Scholars.

TRADITIONAL, CONT. Quynh Le Chau (TAMU 2004) Daeija Lewis (TXST 2014) Benjamin Lopez (TAMU 2010) Kathryn Luevano (TXST 2004) Emily Luth (UTD 2013) Samantha McMillan (UTD 2008) Kristen McWatters

(TAMU 2004)

Daniel Mendoza (UT 2014) Nazifa Mim (UT 2014) Glenda Molina (TXST 2005) Yvonne Moody (TAMU 1987)* Brian Mueller

(TAMU 2004)

Melissa Murillo-Sanchez (UTEP 2015) Curtis Neason (TAMU 1992) Corey Nieman (UT 2007) Jake O’Kelley (TAMUG 2014) Omar Olivarez

(UT 2014)

Josh O’Mullan (UTSA 2011) Rebecca Ortiz (UTEP 2015) Kevin Ortiz (TAMU 2012) Carter Overton*

Hannah Shoemaker (UT 2007)

Nicole White Griffith (UTSA 2006)

Nimra Pasha

Shah Shripal (UT 2014)

Candace Wong (TAMU 2004)

Mishali Patel (UTD 2014)

Blane Skiles (UNT 2012)

Karen Yang (TTU 2014)

Erica Perez (UTSA 2014)

Steve Strauss (UT 1998)

Kasey Yanna (UT 2005)

Jake Pringle (UT 1993)

Steven Thai (TAMU 2003)

Brian Yarbrough (UT 1988)*

Bryn Ray (TAMUG 2014)

Logan Ward (TAMU 2014)

Ahmed Zidan (UTD 2006)

Leann Rego (UT 2014)

Lorenzo Washington (TAMU 2014)

Derek Rodriguez

Cory Whitaker (TAMU 1997)

(UH 2014)

(TAMU 2006)

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*Board Member

Donors Howard and Nancy Terry’s generosity has enabled the Foundation to make a tremendous impact on the lives of others. In its 31-year history, the Foundation has not solicited financial contributions. However, we recognize that this is a significant way to give back, and we greatly appreciate our Alumni and friends who remember us financially.

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We extend a sincere thanks to those who made these contributions: every dollar received from Alumni and friends means more scholarships across Texas. In acknowledgment that such gifts will only increase in importance as the Foundation pursues its mission, the Board of Directors aims to improve the visibility of financial support options for Alumni and friends. Although the Foundation does not actively solicit contributions, we welcome them and promise to be good stewards of all financial gifts, treating them on par with the endowment.

Single Gifts

Recurring Gifts

Amarillo Area Foundation

Kendra Emerson Balod (TAMU 2013)

in honor of Shannon Laissle Herrick (TAMU 1993)

Brian Carroll (UT 1994)

Demetrice Dent

Bianca Covington

D’Ann Faught (UT 1997)

In honor of Patricia Strong (UT 2003)

Amy Fuqua

Monica Culver (UT 2002)

Parent of Melinda Fuqua Martin (UTSA 2010)

Kassie Stewart Davidson (UTSA 2009)

Alba Moon Lala (UT 2005)

Jacob DeVries (UT 1996)

William Leven

Joshua George (TWU 2014)

Lauren Mize (UT 2009)

Jaclynn Mohrfeld Halterman (TAMU 1996)

Michael Nordfelt (TAMU 1995)

Angie Jacobs

Stephen Way (TAMU 2007)

Parent of Madison Jacobs (TAMU 2015)

Matthew Wilson (TAMU 1992)

Darwin Jr. & Suzanne Miller

Jennifer Bissey Yeldezian (UT 2005)

Parents of Darwin Miller, III (UT 2000)

Darwin Miller, III (UT 2000) Yvonne Moody (TAMU 1987) Trey Patterson (TAMU 2006) Christopher Powell (UH 2009) Lauren Moeller Schwartz (UT 2005) Jacob Setterbo (UT 2005) Matthew Soderberg (UT 1993) Ty and Terri Sparks

Total giving for 2018:

Parents of Chet Sparks (TAMU 2011)

$64,808

Justin Thompson (UT 1997)

33 donors

Benjamin Zieman (UT 2010)

Justin Westbrook (TAMU 2003) Katie Fite Wischkaemper (TAMU 2008)

! s r o n o d , u T hank yo Honor Roll of Giving (totaling $25K and above)

Gifts (totaling $1K and above – single gifts or recurring gift annual total)

William Leven

Brian Carroll (UT 1994)

Michael Nordfelt

Jaclynn Mohrfeld Halterman (TAMU 1996)

Major Gifts

Lauren Moeller Schwartz (UT 2005) Jacob Setterbo (UT 2005) Matthew Soderberg (UT 1993) Justin Westbrook (TAMU 2003) Jennifer Bissey Yeldezian (UT 2005) Benjamin Zieman (UT 2010)

To make a gift, visit terryfoundation.org/donate 9

Distinguished Donors Those who have made a donation at least five years in a row

Brian Carroll (UT 1994) monthly donor since 2004 Lauren Moeller Schwartz (UT 2005) monthly donor since 2014 Jacob Setterbo (UT 2005) annual donor since 2011 Matthew Soderberg (UT 1993) donor since 2013 Justin Thompson (UT 1997) monthly donor since 2011

Terry Scholar Alumni

2018 George Ranch Picnic

“Being a Terry Scholar means that I am set up for success

Dr. Holly

due to the endless resources and networking opportunities available.

I had the opportunity to shadow a dentist, Alumna Hollie Shirey (TAMU 1998), whom I now consider my mentor.” –Daisy Daisy, pictured left with Hollie at the 2017 Southfork Picnic; and below with her dental school classmates

s! t is t n e d e r u t Fu

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Terry Scholar Alumni remain involved with the Terry Community after graduation by attending banquets, picnics, and Alumni Luncheons. They also give back to their communities through service with the Terry Scholar Alumni Association.

Austin Chapter Fall 2018 Service Project 2018 Dallas Alumni Luncheon

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2018 Enrolled Terry Scholars

DEMOGRAPHICS (All data reflect Fall 2018 statistics)

Traditional Scholar Hometowns

North

West

32%

6%

East

8%

Upper Rio Grande

5%

# Scholars

North

326

(32%)

Gulf Coast

219

(21%)

Central

190

(18%)

East

85

(8%)

West

68

(6%)

South

57

(5%)

Valley

63

(5%)

Upper Rio Grande

72

(5%)

1,080 ( 100%)

Central

18%

South

5%

Gulf Coast

21%

Valley

5%

Scholar Ethnicity Other 4%

Region

Gender Breakdown (All current Scholars)

No response 1%

African American

8%

Male

37%

Asian

10%

Female

63%*

White

48% Hispanic

29%

*Fall 2017 higher education enrollment for Texas was 56.8% female, according to the Texas Higher Education Coordinating Board (THECB)

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“As a first-generation American and college student, this scholarship has completely shaped my future and the opportunity of having a successful career.” –Daisy

My dreams of becoming a dentist are now a reality and the feeling is

indescribable!

Daisy, pictured below with her family at UT Health Science Center Houston for her white coat ceremony

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2018 Enrolled Terry Scholars

ACADEMICS (All data reflect Fall 2018 statistics)

Scholar Majors Across Program

9%

3%

3%

Other Agriculture

Fine Arts

12%

25%

Liberal Arts

Science

Engineering

16%

Health/Medicine

11% Education

7%

Business

15%

2018 Enrolled Terry Scholars

ACADEMICS (All data reflect Fall 2018 statistics)

2018 Incoming Class Statistics Total Scholars

312 Average SAT Score*

Transfer

84

Traditional

228

1262 (University Mean: 1158)

Valedictorians*

29 (13%) *Traditional Scholars

Overall Program Retention Rate

Average GPA Across Program

3.57

Traditional

3.46

91.6%

Transfer

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5,419 scholarships granted since 1986

2018 Enrolled Terry Scholars

AWARDS (All data reflect Fall 2018 statistics)

Total Awards for 2018:

Traditional:

1,080 (77%)

1,406

Transfer:

326 (23%)

Awards by School

UT

TAMU

UH

TXST

UTSA

UTD

UNT

TTU

SHSU

UTA

UTEP

Traditional

197

185

65

61

69

74

68

93

59

50

50

57

52

Transfer

28

32

42

28

31

25

23

29

31

2

22

23

10

225

217

107

89

100

99

91

122

90

52

72

80

62

Total # Scholars

Traditional

Transfer

16

TWU TAMUG

2018 Enrolled Terry Scholars

FUNDING (All data reflect Fall 2018 statistics)

2018 Expenditures 88.5% 88.5%

11 11.5% .5%

Program Scholarships: Program Expenses:

88.5% $29.8MM $941K

Administration Operations Support:

11.5% $4MM

Total

$34.7MM (100%)

Total Academic Year Commitment for 2018:

Traditional:

Transfer:

$23.4MM

$5.2MM

$29.8MM Additional Support:

$1.22MM*

$ *Includes Study Abroad and Summer School

“As a Terry Scholar, I was given a once in a lifetime opportunity to study abroad in Spain for a summer, which was such a rewarding experience.”

–Daisy

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$273MM total funding since 1986

Enrolled Terry Scholars

NEED (All data reflect Fall 2018 statistics)

Average Cost of Attendance Across Our 13 Universities:

Average Enrolled Scholar Family Adjusted Gross Income (AGI):

$26K $50K

$50K

$26K

59.9% of Texas students who graduate with a Bachelor’s degree report an average of $30.5K in debt.*

This year, 69% of Terry Scholars were eligible for Pell Grants.

69.0%

Terry Scholars:

33.5%*

All Texas College Students: *According to the Texas Higher Education Coordinating Board (THECB)

The value of this scholarship is much greater than any amount written on a check.

“It has allowed me to invest in myself and have an incredible undergraduate experience. Not only did I get to pursue my passion, I got to create unforgettable memories while doing so.” -Daisy 18

Enrolled Terry Scholars

STIPENDS (All data reflect Fall 2018 statistics)

Traditional Scholar Stipend Awarded to graduating high school seniors for up to the full cost of attendance for up to eight semesters

Average Cost of Attendance Across Our 13 Universities:

Average Annual Traditional Scholar Stipend:

$26K

$22K

Transfer Scholar Stipend Awarded to transfer students for up to 65% of the cost of attendance for up to six semesters

Average Cost of Attendance Across Our 13 Universities:

Average Annual Transfer Scholar Stipend:

$26K

$17K

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e world th g gin an ch e ar rs la ho Sc ry Ter at th ve lie I be a little at a time.

-Daisy

3104 Edloe , suite 2 05 • Ho u ston , T e xas 77027

t er ry f oun dation . org Terry Scholars® and the Terry Foundation® logo are Registered Trademarks of the Terry Foundation. © 2018, The Terry Foundation. All rights reserved.

19

2018 ANNUAL REPORT