Heritage & Horizons
2025 Annual and Endowment Report
Fuel Wonder Fundraising Progress
$2.67 billion
of $3 billion funded
89%
of goal
Dear friends,
A generational shift in American higher education is underway, but the University of Arizona’s heritage as a land-grant institution is shaping new horizons for students, for future-changing research and for the state of Arizona.
Heritage and Horizons is about both the university’s rich legacy of academic excellence and its ambitions to explore and act on new insights to solve urgent global challenges. It’s about not letting the noise of the daily news cycle distract from our belief in the core mission of the university: to be a force for good.
Managing the endowment requires similar focus and discipline. Over the last year, the Foundation Investment Committee revisited the investment beliefs that guide our decision-making. You can read more about the process and the investment beliefs on Page 18.
I am moved by the generosity of our donor community and the support so many have shown over the past year as President Suresh Garimella has convened his leadership team around advancing the most significant and comprehensive research institution in the Southwest. The U of A’s reputation is on the rise. Its financial footing is solid, with a balanced budget for the current fiscal year — without raising tuition for in-state students. New directions in research, including AI and fusion energy, have already earned the support of our donor community, as have perpetually relevant legacy programs, such as mining
Bear Down and Go, ’Cats!
Thank you for being part of the University of Arizona’s heritage. I hope you enjoy learning about the horizons philanthropy is opening up on campus in these pages.
— John-Paul Roczniak
