2017 Endowment Annual Report
Texas State University 2017 Endowment Annual Report
A Message from President Denise M. Trauth
Because of the generous support of our community, we added an unprecedented $37,130,896 in philanthropic funds in fiscal year 2017. This total marks a 40 percent increase from last year’s giving total and continues a three-year trend of fundraising growth. We thank you for supporting Texas State University.
Of particular note are the great strides we made in endowment giving. We established 47 new endowments and received endowment gifts totaling more than $8.4 million. Endowment funds help us attract and retain the best and brightest students and faculty, expand our academic programs, and pursue research activities. They provide a margin of excellence to support our mission and are a stable source of funds that can be counted on in difficult times.
As we continue to grow and excel, we are grateful for your investment in the future of Texas State and, more importantly, in the future of our students. Thank you again.
An Unprecedented Year of Fundraising Success
Thanks to our donors, 2017 was our most successful fundraising year ever!
Texas State had another year of record-breaking fundraising, with more than $37 million donated to mission-critical scholarships, facilities, research efforts, and faculty and program support. Our donors make a lasting difference to our students, our university, and our world. We thank them for their generosity.
University Endowments Hit New Heights
With a record-breaking $8.4 million in endowment giving, this year marked a 141% increase in total endowment giving from the previous year.
There were 47 new endowments created in 2017:
- 37 Scholarship Endowments
- 2 Endowed Fellowships
- 2 Endowed Professorships
- 6 Program Support Endowments
These new endowments bring Texas State to a total of 723 endowments with a combined fair market value of more than $186 million.
Bradshaw Makes Largest Estate Gift in Texas State History
Jason S. Bradshaw has made a multi-million-dollar estate gift to support eight endowments at Texas State and to help the university reach its goal of becoming a research university. The endowments will benefit student scholarships (primarily at the graduate level), faculty positions, and research programs across the university. In recognition of his gift, Bradshaw has been named a Texas State Hero.
A 1983 alumnus, Bradshaw is the third generation of his family to attend the university. “Texas State has meant a lot to our family,” he said. “I want to honor the people that have benefitted from their education at Texas State as well as what Texas State brought to me.”
International Outreach Gains Momentum
With visits by university leaders to Mexico and Spain, the summer of 2017 was a defining time for Texas State’s international presence.
In June, a delegation of Texas State leaders traveled to Mexico City to meet with government and academic officials, U.S. Embassy representatives, and leaders of industry and major cultural institutions. The goal was to reaffirm existing partnerships in Mexico and establish new strategic relationships. It was also an opportunity to establish the first international chapter of the Texas State University Alumni Association.
In early July, President Trauth traveled to Spain to sign an agreement with the Universidad de Castilla–La Mancha (UCLM). This agreement will facilitate student and faculty exchanges and student internships. It also paves the way for collaborative research projects, notably with the Department of Finance and Economics in the McCoy College of Business Administration, the College of Fine Arts and Communication’s School of Art and Design, and the Departments of History and Modern Languages in the College of Liberal Arts.
The Power of Endowment Giving
As we pursue the goal of becoming a national research university, we have set our sights on institutional priorities to ensure continued excellence and define the Texas State of the future. In line with the university’s strategic plan, we’ve set an ambitious goal to achieve a total endowment value of $400 million by 2026. To that end, we have determined we need to raise $25 million in endowment funds by 2020. That $25 million will result in a larger overall market value for our endowments and puts us more than halfway toward our $400 million goal.
Endowments are a powerful form of giving with lasting impact that grows every year. By providing reliable sources of support, endowments offset changing – and often shrinking – federal and state funding sources for higher education. Endowed scholarships help bring the best and brightest students to our university and enhance our academic reputation.
Our students, our faculty, and our research all have the potential to change the world for the better. With healthy endowment funding, Texas State can fulfill its mission for years to come.
Scholarships are critically important to our students’ ability to achieve their dreams. Thanks to our generous donors, in the 2016-17 academic year we distributed about $23 million in scholarships to 1,094 students.
“Endowments support students in need of financial assistance, world-class professors, and critically important research projects. They are the powerful link between the community and a great and rising Texas State University. In my case, endowment funds have allowed me to interact with leading scholars in geography education in China and Europe, and with the National Geographic Society. We need your support and are thankful for it.”
DR. RICHARD G. BOEHM
Professor, Dept. of Geography, College of Liberal Arts
Jesse H. Jones Distinguished Chair in Geographic Education
Director, Gilbert M. Grosvenor Center for Geographic Education
Co-Director, National Center for Research in Geography Education
“The Formosa Professorship has been a critical resource in supporting environmentally relevant research in my laboratory. It has facilitated the first research experience for many undergraduate students and support for travel of these students to present at professional meetings. Endowed faculty positions like the Formosa Professorship raise the level of research at Texas State and help make it a world-class university.”
DR. GARY BEALL
Formosa Plastics Professor, Department of Chemistry and Biochemistry
Texas State University System Regents’ Professor
Associate Dean of Research and Commercialization, College of Science and Engineering
Step Up for State Breaks Giving Records
Step Up for State – our inaugural online giving event – was a huge success. On Sept. 21 and 22, 2016, Bobcats had 1,899 minutes to support 26 projects from all areas of the university. Alumni, friends, students, faculty, and staff broke daily giving records and raised $221,824, including more than $102,000 in scholarship funds. Step Up for State in 2017 was even more successful, bringing in $260,622 in support for student achievement, research, and programs.
Development Foundation Suports Texas State's Future
Texas State University’s Development Foundation supports and furthers the mission of Texas State University through the acceptance and investment of gifts established as endowments. As part of its strategic plan, created in 2017 by the Foundation’s Board of Trustees, a new Institutional Investment Fund (IIF) has been created. This fund will be used to strengthen the fundraising and public relations capacity of the university through additional staff and other investments.
Along with the IIF, the Board of Trustees is taking a leadership role in helping Texas State University build its outreach capabilities. The board has also expanded its membership, created additional opportunities for engagement through the Leadership and Emeritus Councils, and will spur more fundraising activities through volunteer engagement and support.
“There are so many young students that don't have the resources. I think we need to give, because when we give it becomes a virtuous circle. When we give, people do better. When people do better, a society does better. And so, it's good for everyone.”
James Taylor, Chair, Development Foundation
Research Funds Continue Growth
Texas State has a community-wide commitment to promote research and scholarship. Our vision is that Texas State excels as a hub of intellectual capital, developing talented minds ready and willing to lead our state and country in the 21st century. More than 60 percent of the university’s research grants are awarded by high-profile federal sponsors such as the National Institutes of Health, National Science Foundation and NASA. These research activities are enriching our region, state and the global community, and spurring economic development.
The university continued its steady and significant growth in externally funded research, reaching $33.2 million – a 10.4 percent increase from a year ago. Our overall research and development expenditures for fiscal year 2017 totaled $59.3 million, a 9.1 percent increase from the previous year. Overall, Texas State has averaged a remarkable 23 percent increase per year in externally funded research over the past 10 years.
Special Thanks to the Members of Texas State's Giving Societies
The philanthropic leadership of our donors is essential to Texas State’s continued growth and excellence. The university is proud to recognize their generosity through select giving societies. In 2017, we introduced the Visionary Society and the 1899 Society to highlight our appreciation of our endowment donors and enhance student success.
TEXAS STATE HEROES
Texas State Heroes have contributed $1 million or more in lifetime giving. Through their extraordinary generosity, our Heroes have stepped forward to help us meet the needs of the state, the nation, and the world while also encouraging the dreams and aspirations of our Texas State community.
Pillar Society members represent a profound source of support for Texas State. Their contributions are essential to raising the academic and research profile of the university. The Pillar Society recognizes lifetime giving of $100,000 to $999,999.
The Visionary Society recognizes the philanthropic leadership of donors with lifetime endowment giving of $25,000 to $99,999. The support of Visionary Society members will benefit our students and our university for generations to come.
Donors who have named Texas State in their estate plans are eligible for membership in the Guardian Society. Their support represents an investment in the future of Texas State and ensures the availability of funds to sustain the university in years to come.
The 1899 Society funds a special endowment that provides renewable scholarship support to a deserving group of students. The 1899 Scholars are selected based on academic excellence and leadership in the campus community.
The Texas State University System Board of Regents
Rossanna Salazar, Chairman
William F. Scott
Veronica Muzquiz Edwards
Dr. Jaime R. Garza
Vernon Reaser III
Alan L. Tinsley
Donna N. Williams
Brian McCall, Ph.D.