Financial Overview

Jon L. Hagler’s endowment, coupled with the Academic Master Plan funds ($1.8 million in 2016 dollars per year) and Heep Foundation earnings ($400,000 per year) committed by Texas A&M University President Michael K. Young, ensure that the Hagler Institute will serve permanently as a beacon of excellence at Texas A&M.

REVENUES AND EXPENDITURES

The Institute’s current financing is enough to support an average of ten new Hagler Fellows per year. Looking forward, we see a new era of growth in Hagler Fellows to an average in the mid-teens each year. Two major contributors that enable the Institute’s growth are earnings from Jon L. Hagler’s cash endowment and earnings from endowed Hagler Institute College Chairs. Those earnings will be generated each year in the future.

Expenditures exceeded revenues in FY20. The largest expenditures were for stipends for incoming fellows of the Institute. Other expenditures were for operating expenses and staff salaries and fellowships for students to work directly on research with Hagler Fellows and their A&M faculty hosts. The Institute also used $500,000 in earnings on the Hagler endowment to match $500,000 in additional donor funds to establish new endowments. The primary purpose of the new endowments is to support student fellowships through perpetuity.

CASH ENDOWMENTS AND PLANNED ESTATE GIFTS

Former students such as Jon L. Hagler have provided impressive support for Texas A&M. Recent support came from Mary and Charles H. Gregory ’64, who established an endowment with the use of matching funds to support students to work with Hagler Fellows. For those alumni wanting to leave a legacy of ultimate academic excellence, the Hagler Institute is an ideal solution. For the life of the University, donors of a cash endowment or a planned estate gift will have their names associated with a series of the world’s most remarkable scholars. Endowed chairs for Hagler Fellows and endowed fellowships for graduate students to work with fellows are among the most prestigious on campus.

Three Hagler Institute College Chairs of $3 million each are fully endowed and are generating earnings for their respective colleges to support Hagler Fellows. Those chairs were funded by Trisha and L.C. “Chaz” Neely, ’62 (business), Eric Yong Xu, ’93 (biology/science), and Thomas W. Powell, ’62 (science).

The mission of the Hagler Institute has inspired Texas A&M faculty members who are not former students to contribute support for the Institute. Some have walked in unsolicited with a check in hand, and others have called to ask for help in making a planned gift to leave their estate to the Institute.

The first professor to establish an estate gift was Ozden Ochoa, professor emerita, mechanical engineering. Walter Buchanan, professor in the College of Engineering and a graduate of Purdue University and Indiana University, along with his wife, Charlotte, donated their estates to establish a chair for the College of Engineering. Professor Janet Bluemel and University Distinguished Professor John Gladysz, holder of the Dow Chair in Chemical Invention, both from the College of Science, have made provisions in their wills to contribute to the Hagler Institute.

Former Hagler Fellows are another source of support. Robert Skelton donated funds that the Hagler Institute matched, to endow a discretionary account emphasizing graduate student support. Katepalli Sreenivasan—from the first group of fellows—made an impressive cash gift. Another former fellow, Alan Needleman, did the same— not his first such contribution.

The Institute is moving steadily toward its goal of enhancing the recognition of academic excellence at Texas A&M. We invite you to join in supporting that prestigious mission.