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ACU's endowment passes $1 billion

The fund has grown from $56 million in 1991. University leaders say it could pay for new programs.

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CIVILIAN News Desk
Oct 26, 2026
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Abilene Christian University. A free-license photo of a place, not of this event or anyone in it. Photo credits

Abilene Christian University's endowment is now worth more than $1 billion. It was $56 million in 1991.

Since 2022 the fund has been managed by Abilene Christian Investment Management Company, led by president and chief investment officer Joe Lee. Lee told the station the endowment helps pay for financial aid, faculty and staff, and upkeep of the campus.

President Phil Schubert said the milestone gives ACU room to consider fields of study it does not offer yet, including preparing students for careers that do not exist today.

Sources KTXS

Written by the CIVILIAN News Desk in our own words from public records and local coverage. We don't copy text, quotes or photos. 2026-11-03.

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