Texas Tech University

Texas Tech Foundation Names New Directors

December 5, 2019 | By: Hailey Waker 

Three Rawls College alumni were appointed members of the Texas Tech Foundation board of directors.

Clay C. Cash, Tim Lancaster and David Turner, all alumni of the Jerry S. Rawls College of Business, are three of seven newly appointed members of the Texas Tech Foundation board of directors, announced Dec. 4.

Approved by the foundation's board of directors, the new members will serve four-year terms ending Aug. 31, 2023. They join the 35-member board responsible for overseeing the foundation's business, maximizing private gifts to the system's universities and stewarding donor interests.

"The Texas Tech Foundation is a strategic resource for the universities we support, and our new directors bring a wealth of business, civic and nonprofit leadership experience," said Patrick Kramer, Texas Tech Foundation CEO and Texas Tech University System vice chancellor for Institutional Advancement. "These individuals join an organization committed to the success of students and faculty, and we are excited to welcome them to the foundation board."

Clay C. Cash
Clay C. Cash

Cash graduated from Rawls College in 1997 with a bachelor's degree in business management. Currently, he serves as president of Cash Family Investments, which are comprised of ranching operations, real estate holdings and oil and gas investments. Cash is also president of the Don-Kay-Clay Cash Foundation and serves on the board of directors of the Ranching Heritage Association.

"Like many other graduates, my experiences at Texas Tech University had great significance in my life," said Cash. "I am honored to continue my family's tradition of service to the Texas Tech Foundation as a member of the board."

Tim Lancaster
Tim Lancaster

Lancaster received his bachelor's degree in finance from Rawls College in 1976. After earning his master's degree from Texas Women's College, he began working in banking. He later pursued a 30-year career in health care, ultimately retiring as president and CEO of Hendrick Health System, the leading health care system serving Abilene and the Texas Midwest.

"This is a time of great momentum for the Texas Tech University System," said Lancaster. "It is a privilege to join my fellow Texas Tech Foundation board members in supporting the consequential work of the universities we serve."

Turner graduated from Rawls College in 1989 with a bachelor's degree in marketing. Elected in 2012, he currently serves as mayor of Odessa, TX. Turner leads the Mayor's Drug and Crime Commission and serves on committees for Grow Odessa, the city's economic development corporation. He also is a Subway sandwich shop franchise owner of seven locations.

"The Texas Tech University System is a tremendous resource for West Texas communities," said Turner. "As a graduate of Texas Tech University, I'm proud to join the Texas Tech Foundation in supporting universities that make a difference in this region and across the state."

For more than 75 years, the Texas Tech Foundation has partnered with the Texas Tech University System to inspire and support philanthropy across the system's four universities. The nonprofit organization is independently led by a volunteer board of directors who safeguard generations of charitable gifts. Through contributions to the Texas Tech Foundation, alumni and donors sustain the system's universities and empower students and faculty to pursue bold ideas that impact lives throughout Texas and the world.

For more information about the Texas Tech Foundation and to view a complete list of board members, visit their website.