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Texas · Nonprofit

BAYLOR UNIVERSITY

BAYLOR UNIVERSITY (Texas) receives grants from 568 organizations whose IRS filings report $214,674,307 to it, the largest being LILLY ENDOWMENT INC ($24,068,680). 303 of them have funded it in more than one year.

Revenue FY2025
$1.6B
Funders on record
568
Grants received
$215M
Net assets
$3.2B
303/568 repeat funderspeak grant-dependency 2%
01What it does

What Baylor University does

Mission

The mission of Baylor University is to educate men and women for worldwide leadership and service by integrating academic excellence and christian commitment within a caring community.

As stated on its FY2025 Form 990.

Programs

  1. Instruction:Baylor University stands as one of the premier institutions of higher education in the world.chartered in 1845 by the republic of texas and affiliated with the baptist general convention oftexas, the university is the oldest continuously operating institution of higher learning in the state of texas. As part of fulfilling baylor's mission of instructing and educating men and women for worldwide leadership and service, baylor pursues initiatives such as lower student-faculty ratio (15:1), smaller class size (average class size is 27), research opportunities for students, and great facilities for learning and living. (continued on schedule o)baylor's approximately 20,000 students typically come from all 50 states, the district of columbia, and 90 countries around the world. The university offers 133 baccalaureate, 82 master's, 50 doctoral, numerous online graduate professional programs, the education specialist and the juris doctor degree programs through 12 academic units. The university also equips students with both knowledge and experience to pursue god's call to ministry by offering 7 master degrees and 2 doctorate degrees through truett seminary. Additionally, the…

    $676,669,881 spentof which $408,509,204 as grants$1,069,609,996 earned by the program
    55% of program spending
  2. Student services:Baylor University's student services and activities contribute to students' spiritual, social and physical well-being. Student services and activities include areas such as career guidance, job placement upon graduation, enrollment management, student financial aid, student activities, student organizations, intramurals, health center, beauchamp addiction recovery center, and intercollegiate athletics.

    $247,676,131 spentof which $25,104,942 as grants$125,609,695 earned by the program
    20% of program spending
  3. Academic support:Baylor University provides academic support services for the primary missions of instruction, as well as research and public service activities. Academic support services include areas such as libraries, technology support, museums and services that directly assist instructional activities.

    $90,271,925 spent$37,216,525 earned by the program
    7% of program spending
  4. Research, public service and auxiliaries:other program service areas include research activities, public service activities and auxiliary enterprises operated by the university. Research activity includes grants and contracts to conduct sponsored research, primarily in five key initiatives: health; data sciences; materials science; human flourishing, leadership, and ethics; and latin america. Public service includes activities which primarily benefit individuals and organizations external to the university. Auxiliary enterprises are comprised generally of the following items: residence halls, dining services, bookstore, rental properties and vending services.

    $216,758,544 spentof which $8,921,063 as grants$63,725,122 earned by the program
    18% of program spending

The 4 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $1,231,376,481.

02The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20172017 Revenue 100 ($993M) Expenses 100 ($958M) Net assets 100 ($1.8B)2018 Revenue 103 ($1.0B) Expenses 103 ($986M) Net assets 105 ($1.9B)2019 Revenue 110 ($1.1B) Expenses 110 ($1.1B) Net assets 106 ($2.0B)2020 Revenue 126 ($1.3B) Expenses 117 ($1.1B) Net assets 114 ($2.1B)2021 Revenue 136 ($1.4B) Expenses 129 ($1.2B) Net assets 142 ($2.6B)2022 Revenue 141 ($1.4B) Expenses 129 ($1.2B) Net assets 158 ($2.9B)2023 Revenue 146 ($1.5B) Expenses 134 ($1.3B) Net assets 162 ($3.0B)2024 Revenue 147 ($1.5B) Expenses 147 ($1.4B) Net assets 172 ($3.2B)2025 Revenue 157 ($1.6B) Expenses 157 ($1.5B) Net assets 175 ($3.2B)
'17'18'19'20'21'22'23'24'25
Revenue (157)Expenses (157)Net assets (175)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2020 to 2021, from $3.0B to $3.5B (+18%).

$2.7B
$2.8B
$2.8B
$3.0B
$3.5B
$3.9B
$4.0B
$4.2B
$4.4B
'17'18'19'20'21'22'23'24'25
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2017
2018
2019
2020
2021
2022
2023
2024
2025
ContributionsProgram revenueInvestmentOther

Government-grant reliance: 2017 1% · 2018 1% · 2019 1% · 2020 1% · 2021 2% · 2022 3% · 2023 1% · 2024 1% · 2025 1%. Grants only. Government contracts and fees sit inside program revenue.

8% of BAYLOR UNIVERSITY’s revenue is contributions — about as donation-reliant as the typical peer (14% for the typical peer).

This organization
Typical peer · 732 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 0 of the last 9 reported years ran a deficit.

$35M
’17
$32M
’18
$39M
’19
$128M
’20
$116M
’21
$165M
’22
$167M
’23
$52M
’24
$55M
’25
1.8
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

20242025
Listed6658
Joined·+6
No longer listed·14
03Who funds it

Who funds it, year by year

2017 → 2023: the base broadened from 132 funders to 201 funders, grant income rose $12M → $33M.

71 of 568 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 25% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

Left out of every figure on this page: $348M from one payer (an institutional transfer, not a grant programme, largest The Big 12 Conference Inc); $50k from one payer (the same organization on both sides, largest Baylor University). These are real filings, and they are not money BAYLOR UNIVERSITY raised.

From the IRS filings of BAYLOR UNIVERSITY’s funders (the co-funder graph). Top 30 of 568 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

BAYLOR UNIVERSITY has a broad base — no single funder exceeds 11% of grant income, and it takes 12 funders to reach half.

the vertical line marks half of all grant income — 12 funders to its left

44% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund BAYLOR UNIVERSITY.

11%
largest funder
24%
top three
~30
effective funders

Largest funder’s share by year: 2017 15% · 2018 12% · 2019 10% · 2020 12% · 2021 27% · 2022 11% · 2023 13% — broadly stable.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How long its funders stay

40% of BAYLOR UNIVERSITY's funders are still giving 3 years after their first grant; 53% give in more than one year at all.

first grant+1y+2y+3y+4y+5y+6y

Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.

Where its funders are

BAYLOR UNIVERSITY draws 66% of its grant income from funders outside Texas, across 43 states in all.

VT
NH
WA
MT
ND
MN
IL
WI
MI
NY
MA
OR
WY
IA
IN
OH
PA
NJ
CT
RI
CA
CO
MO
KY
VA
MD
DE
AZ
NM
KS
AR
TN
NC
SC
DC
HI
OK
LA
MS
AL
GA
TX
FL

In-state vs out-of-state, by year

’17
’18
’19
’20
’21
’22
’23
Texas out of state home

Funder states come from each funder’s own filing. $54M arriving through sponsors registered in 29 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

BAYLOR UNIVERSITY is better cushioned than half of the 684 education nonprofits its size.

Operating margin4% · below the median
Months of reserve1.8mo · above the median
Revenue growth (annualized)6% · above the median

this organization peer median middle 50% of peers· 684 education nonprofits over $100M, FY2025

Government funding BAYLOR UNIVERSITY receives

Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $468.8M on record — $468.8M federal, $42k state.

Federal$468.8M
grants $458.0Mcontracts $10.8M
17
18
19
20
21
22
23
24
25
26
Top agencies
  • Department of Agriculture$245.8M
  • Department of Education$67.4M
  • Department of Health and Human Services$60.1M
  • National Science Foundation$48.9M
  • Department of Defense$21.2M
  • Department of Energy$10.3M
State$42k
08
09
11
20
21
22
23
24
By state
  • OR$37k
  • OK$5k
  • FL$322

Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.

Organizations like BAYLOR UNIVERSITY

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Texas

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

82% of spending goes to programs.

Program 82%Management 17%Fundraising 1%

Governance

32
board members
81%
independent
✓Conflict-of-interest policy✓Whistleblower policy✓Document retention✓Board reviewed the 990✓Audited financials

Public support

54%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Footprint & structure

Files a return copy in 11 states

AK
NH
MI
OR
OH
CO
KY
MD
SC
OK
GA

Part of a family of 18 related entities

  • Independence Entertainment LLC · disregarded
  • I Always Hated My Brother LLC · disregarded
  • Brazos Valley Public Broadcasting Foundation Dba Kwbu-Fm · exempt
  • Fb Kirchner Scholarship Fund #6886 · exempt
  • Bryan Nichols Scholarship Trust 332 · exempt

Screen this organization

A dated, signed PDF of the compliance screen for BAYLOR UNIVERSITY: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

A paid feature, included from the $75 plan up. Sign in to download.

Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds BAYLOR UNIVERSITY?
BAYLOR UNIVERSITY (Texas) receives grants from 568 organizations whose IRS filings report $214,674,307 to it, the largest being LILLY ENDOWMENT INC ($24,068,680). 303 of them have funded it in more than one year.
How many funders does BAYLOR UNIVERSITY have?
IRS filings report 568 organizations giving $214,674,307 in grants to BAYLOR UNIVERSITY, 303 of which have funded it in more than one year.
Who is the largest funder of BAYLOR UNIVERSITY?
LILLY ENDOWMENT INC is the largest funder on record, with $24,068,680 in grants. The full list of funders is on this page.
How can an organization like BAYLOR UNIVERSITY find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Texas. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 568 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 22, 2026. What this page cannot tell you · view filing