San Marcos - Buda - Kyle Edition | October 2024

BY AMIRA VAN LEEUWEN

Total endowment Texas State’s endowment—which works similarly to a savings account—is valued at $392.97 million following its "Next is Now" capital campaign.

Annual giving Philanthropists and alumni raised over $275 million overall for Texas State’s “Next is Now” capital campaign.

Marking a milestone

Texas State’s “Next is Now” capital campaign, which concluded on Aug. 31, was designed to achieve R1 designation. The campaign launched publicly in October 2021 and raised over $275 million overall, according to a news release. Lawmakers also passed the Texas University Fund, or TUF, during the 88th Texas legislative session, which required a constitutional amend- ment—Proposition 5—to go before Texas voters in November 2023. The voter-approved proposition funds certain institutions of higher education to become major research universities. Texas State was one of four universities that received $1 billion in TUF funding, which will fund new Ph.D. programs, recruit personnel and provide faculty with the resources they need to win federal grants, Mandayam said.

$50M

$400M

138.16% increase

$44.36 million received in 2024

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2016 2018 2020 2022 2024

The impact

Looking ahead

Mandayam said he would like to quadruple the number of Ph.D. programs Texas State oers and increase research expenses by another 50% in the future. Texas State will also be looking to focus on the semiconductor industry, articial intelligence, environmental sustainability and water research, Mandayam said. “We have a huge focus on digital humanities, and we want to recruit scholars for the humanities from across the nation,” he said.

Mar Huertas Pau, an associate biology profes- sor, said receiving the R1 status as a designated Hispanic-serving institution would help the university double its eorts in working for the Hispanic community. Carlton Fong, an associate professor in the department of curriculum and instruction, said the R1 classication would unlock additional support, resources and opportunities. He said it would also allow the university to attract and retain the best talent to help them continue reaching their goals.

“We’re working to advance how to make education systems more equitable by maximizing the potential for all learners and educators,

especially those who have been historically excluded or institutionally marginalized.” CARLTON FONG, ASSOCIATE PROFESSOR IN THE DEPARTMENT OF CURRICULUM AND INSTRUCTION

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