TCU announced that it has surpassed the goal for its most ambitious philanthropic campaign in its 150-year history. More than $1 billion has been committed for Lead On: A Campaign for TCU. The success of this effort is fueling the university’s strategic plan and positioning TCU for the next 150 years of fulfilling its mission to educate leaders and responsible citizens for the global community.
The announcement was made last night during a celebration in the Ed and Rae Schollmaier Arena with many of TCU’s donors, volunteers, alumni and friends. The campaign sets a record for the university and places TCU among the leading institutions in the U.S. in terms of comprehensive fundraising efforts.
“Thanks to many generous and loyal supporters, Texas Christian University has achieved and surpassed our bold goal for Lead On: A Campaign for TCU,” said Chancellor Victor J. Boschini, Jr. “For all of us at TCU, this is an incredible moment to reflect upon the impact of this effort for the future of our university. It is difficult to overstate the importance of this investment by so many who care so deeply about TCU’s students, faculty and staff.”
Campaign commitments bolster TCU’s ability to accomplish the four high-level priorities of the university’s strategic plan, Vision in Action: Lead On:
- Strengthen academic profile and reputation
- Strengthen the university’s endowment
- Strengthen the TCU experience and campus culture
- Strengthen the workforce for both employees and graduates
During the Oct. 12 celebration on campus, TCU also acknowledged the tremendous level of support the campaign has garnered to date. More than 57,000 TCU supporters participated in the campaign, which was co-chaired by Ronald C. Parker and Dee J. Kelly Jr., members of the TCU Board of Trustees.
The university’s mission is supported by fundraising, which benefits the TCU experience and enhances TCU’s impact. The endowment grew 118% through the campaign, enabling additional support for key initiatives that increase access to a TCU education and allow for expansion and improvements to the campus experience. Need-based financial aid grew by 185%, from $43 million in 2012 to $123 million in 2022. Forty percent of the total came from TCU alumni, 27% from foundations and 14% from parents.
The achievement of this bold goal follows TCU’s most successful fundraising year ever in the fiscal year ending May 31, 2023. Read about the investment team who has focused on strengthening TCU’s endowment portfolio and the strategy employed by Jason Safran, chief investment officer.