2024-2025 Endowment Report

Dear Trinity University supporters and friends,

We are pleased to present the 2024-2025 Trinity Endowment Report, a reflection of how your generosity shapes the University today and secures its future. The endowment is more than an investment; it is a promise to future generations, a steadfast source of strength that enables Trinity to navigate uncertainty, seize opportunities, and remain true to its educational mission of empowering students to lives of service, leadership, and accomplishment.

Your investment enabled Trinity to reach several important milestones in fiscal year 2025:

  • Trinity rose to No. 37 in the 2026 U.S. News & World Report’s rankings of National Liberal Arts Colleges, continuing a rapid ascent since entering this category at No. 55 just three years ago. Trinity also earned top rankings in innovation, value, teaching, research, and engineering, underscoring the excellence and momentum across our campus.
  • The endowment hit an all-time high, eclipsing the $2 billion threshold officially as of July 2025. This critical achievement reflects a powerful combination of strong investment performance and new, generous gifts to the endowment. Building on that momentum, President Vanessa Beasley announced in September a transformative $25 million gift from the Malú and Carlos Alvarez Family to name the Carlos Alvarez School of Arts and Humanities. This investment strengthens scholarships, faculty excellence, and student opportunities, reaffirming that the arts and humanities remain a vibrant cornerstone of a Trinity education.
  • In Spring 2025, Trinity publicly launched Our Time: The Campaign for Trinity University. This historic $300 million effort will shape the University for generations to come by expanding financial access to a Trinity education and advancing excellence. Guided by Ready. Set. Rise., our new strategic plan, the Campaign unites alumni and friends in supporting student success and institutional distinction. Together, these efforts strengthen Trinity’s student-centered mission, attract exceptional talent, enhance academic and residential life, and position the University as a nationally respected institution serving students in San Antonio and the region.

A significant and welcome development this year regards the endowment excise tax. With the passage of the One Big Beautiful Bill Act this July, Trinity will now be exempt from this tax. In our advocacy with Congress, we committed to investing those savings in even greater support of student financial aid and scholarships. We are developing some creative and exciting ideas to use those savings in supporting our students.

These achievements affirm Trinity’s enduring commitment to a transformative student experience grounded in academic excellence and innovation.

We are honored to steward your generosity and look forward with excitement to all that lies ahead.

With gratitude,

Craig Crow
Chief Investment Officer

Michael Bacon '89
Vice President for Alumni Relations and Development

Trinity University Endowment 2024-2025

At A Glance
 
$2.0B

value of endowment

Data as of June 30, 2025

  

40.9%

of Trinity’s operating budget is supported by the endowment

  

$73.2M

distributed from the endowment to Trinity’s operating budget

  

$14.7M

in new gifts made to the endowment

  

5.0%

endowment spending rate

  

12.0% 1-year annual return*

9.9% 10-year annualized return*


*Long-Term Investment Pool and directly held asset performance, net of fees.

Student Spotlight

Emilia Pardue ’26

Recipient of the Baker Duncan Theatre Scholarship

Pardue, a theatre major and studio art minor from Iwakuni, Japan, says the Baker Duncan Scholarship has allowed her to immerse herself fully in Trinity’s performing arts community. The scholarship requires semesterly involvement in mainstage productions, a commitment that has led Pardue to explore a variety of roles in theatre, from stage management to assistant lighting design.

“Being a Baker Duncan Scholar pushes me to keep exploring what I’m capable of. The involvement ingrained in the scholarship allows for so much growth and nurtures a beautiful community of passionate artists.” - Emilia Pardue '26

Through the scholarship, Pardue has taken on roles in productions such as The Thanksgiving Play, The Four Horsemen Present: The Apocalypse, and Cabaret!  Beyond the stage, she serves as production manager for the Trinity University Players and participates in First Time Offenders Improv, Acabellas, and other student groups.

Campus Impact

The Long-Term Investment Pool (LTIP) consists of 701 individual endowed funds. The endowment funds are broadly categorized and support many areas across campus.

 

General

196 funds  ||  $821M
The greatest dollar amount from endowed funds supports University expenses, such as recruiting and retaining exceptional faculty, and funding undergraduate research. 

 

Loans

8 funds  ||  $70M
The endowment supports a loan fund program for student financial aid and academic support.

 

Library

20 funds  ||  $14M
These endowment funds provide support for the Coates Library's collection and resources. 

 

Buildings and Grounds

33 funds  ||  $109M
Funds from endowments support buildings on campus as well as the care of Miller Fountain.

 
Faculty Support

68 funds  ||  $175M
Endowment funds support endowed professorships, lectureships, faculty development, and more. 

 

Scholarships

376 funds  ||  $328M
The largest number of endowment funds supports undergraduate and graduate scholarships.

Donor Spotlight

Greg Love '84
Love Family Scholarship

For Greg Love, co-CEO of Love’s Travel Stores, Trinity provided him with an excellent education. Out of gratitude to the University, Love and his family established the Love Family Scholarship in 2006. The scholarship provides financial support to students from Oklahoma who attend the University. In 2024, he and his family added funds to the endowed scholarship that were matched by the Trinity Commitment.

 

“Many students are smart and have a strong work ethic, but need an opportunity because they lack the resources to pursue a degree. I appreciate the education I received at the university, and I wanted to help make education more accessible and affordable for students in need,” Greg explains. 

The Love Family Scholarship reflects a deep family tradition of giving. His parents instilled a spirit of philanthropy in Greg from an early age, as they believed giving back was both a privilege and a responsibility. Today, the Love family continues that legacy, supporting communities across the country through initiatives in education, youth and family programs, and the professional trucking community. This commitment mirrors the guiding principle at Love’s: to be great people who care by uplifting families, empowering employees, and investing in community well-being.

Through this scholarship, Greg hopes to create life-changing opportunities for students who demonstrate talent and drive but may lack financial resources. His vision is not only to provide immediate support, but also to inspire recipients toward future achievements and a tradition of giving back.

If you have any questions about this report, please contact the Office of the Vice President for Finance and Administration at 210-999-7306 or the Office of the Vice President for Alumni Relations and Development at 210-999-7328.