President’s Report.
FISCAL YEAR 2024 (JULY 1, 2023 – JUNE 30, 2024)
Office of Development
The Master’s University trains every student with the highest view of God and His Word. We do not flinch on the inspiration, inerrancy, authority, sufficiency, and preservation of Scripture. We believe every word of it is inspired, every word real, every word profound, and every word must be obeyed.
WE ARE GRATEFUL FOR THE SHARED CONVICTION, FAITHFUL PRAYERS, AND GENEROUS INVESTMENT BY OUR ALUMNI AND FRIENDS OF THE MASTER’S UNIVERSITY.
Your support has advanced the institution in being faithful for the glory of God. In recent years, the following areas have received the greatest concentration of investment: programs, faculty, scholarships, housing, and capital improvements. The Lord has used your sacrificial generosity to enable TMU to reach the next generation of the church and to stand boldly for Christ and Scripture
In the following pages, you’ll find a brief summary of some of the exciting developments the Lord has driven in recent years. We praise Him for His kindness and provision toward our beloved institution.
PRESIDENT, THE MASTER’S UNIVERSITY
01 Programs.
In recent years, The Master's University has prayerfully expanded its academic offerings to align with market demand. This enables TMU to offer a truly biblical education to more students while simultaneously enhancing the institution's sustainability. Donor funding is crucial to successfully launch these new programs, particularly during the first two years to cover startup costs.
In
2021, TMU launched mechanical, electrical, and computer engineering programs under
this model.
The Department of Engineering & Computer Science is now at 120 STUDENTS , which represents 10% of TMU’s total undergraduate enrollment and nearly five times as many students as the program had in 2021-22.
“
When it comes to serving our students, we want to add degrees not for the sake of academic prestige or chasing the latest trend, but for the sake of serving our students and preparing them for a lifetime of faithfulness to Christ.”
DR. MITCH HOPEWELL PROVOST
Engineering & Computer Science
RETURN ON INVESTMENT*
The Department of Engineering & Computer Science has delivered an impressive return on investment, generating 100% return in the first three years since launching engineering and projecting to produce approximately $16 million in revenue after seven years.
PROGRAM RETURN ON INVESTMENT
*ROI is calculated on the average revenue from net tuition, room, and board per student who has enrolled in the program (minus annual program expenses). It is assumed that these students would not otherwise attend TMU because of the lack of their desired program.
Faculty.
The classroom at The Master's University is where faculty disciple students in submitting every thought and discipline to the lordship of Christ. Each faculty candidate at TMU is evaluated not only for expertise in his or her field, but for knowledge of Scripture, agreement with the University’s doctrinal statement, and passion for ministering to students.
TMU has welcomed several new faculty members in the last five years. Donor generosity has made it possible for TMU to hire world-class faculty who love Christ and His Word. Some of the new faculty the Lord has provided are included below.
NEW FACULTY:
DR. HALEY SMITH
Biology
PROF. PHILIP HAMORY
Electrical Engineering
DR. KEITH PALMER
Biblical Counseling
DR. MARIUS BAHNEAN
Music
DR. STEVE PEKOVICH
Biology
The faculty’s impact on my life and the lives of many students is a witness of the Christ-centered focus at The Master’s University. Studying under doctrinally rich professors is a blessing that shapes you both academically and spiritually. The professors encourage and challenge us in our studies to bring glory to Christ in all that we do. Their wisdom and guidance do not only occur in the classroom, but extend to the TMU community. It is a beautiful environment where students are cared for both in their academic pursuits, and as brothers and sisters in Christ. I am so thankful for the spiritual and scholastic edification I have received during my time here.”
ALEXANDRA GOMEZ
BIBLICAL STUDIES MAJOR, CLASS OF 2025
The Lydia Endowment.
The Lydia Endowment is used to support, retain, and recruit faculty at The Master’s University. As we seek to honor the Lord by offering an education that equips students for a lifetime of service to Christ, it is critical that we provide resources to support and enhance the faculty at TMU.
LYDIA FUND GIVING SUMMARY
$180,000
$160,000
More than 500 gifts, totaling over $925,000, have been received in generous support of our faculty through the Lydia Endowed Fund.
$140,000
$120,000
$100,000
$80,000
$60,000
$40,000
$20,000
$0
ENDOWMENT GROWTH
$1,400,000
$1,200,000
$1,000,000
$800,000
$600,000
$400,000
$200,000
$0
Scholarships.
Scholarship aid is key in attracting top-tier students from different backgrounds who desire a biblically sound education at TMU.
The Master’s University welcomed 425 new students to campus in the fall of 2024. This new batch of students increases the University’s total traditional undergraduate student body to a record 1,227. The majority of these students receive aid from scholarship funds supported by donors who generously give to make TMU’s education affordable.
$19.5M
In 2023-24, students received $19.5 million in financial aid from TMU. 97% In 2023-24, 97% of students received some form of financial assistance. 1% Top 1% of “Value for Money” in the far western U.S. Region.
Top Performing Scholarship Funds
THE MASTER’S GLOBAL SCHOLARSHIP
The Master’s Global Scholarship was established to attract and support exceptional students from backgrounds closely aligned with TMU and its doctrinal commitments. It provides financial assistance to three categories of TMU students: international and domestic students with a proven affiliation to TMU, GMI, TMAI, GTY, TMS, or TMU; students from churches with long-standing relationships with TMUS; and students who are children of TMUS alumni.
$2,179,793 Amount awarded 2024-25
284 Students impacted 2024-25 GIVING
FOUNDERS’ FUND
The Founders’ Fund provides scholarship assistance for new, transfer, and continuing TMU students. Scholarships from this fund are specially designated for students who have been admitted into the University but who are unable to enroll due to a funding “gap” between the student’s financial package and what their family can afford.
55 Students impacted 2024-25
$313,844
Total scholarship aid awarded 2024-25
MACARTHUR ENDOWMENT
The MacArthur Endowment represents Dr. John MacArthur’s heart to make TMU’s biblical education affordable to those who would otherwise not be able to obtain it due to financial constraints. This endowment funds several of TMU’s most prestigious scholarships given to students annually.
30 Students impacted 2024-25
$365,350
Total scholarship aid awarded 2024-25
$2,000,000
$1,800,000
$1,600,000
$1,400,000
$1,200,000
$1,000,000
$800,000
$600,000
$400,000
$200,000
$12,000,000
$10,000,000
$8,000,000
$6,000,000
$4,000,000
$2,000,000
ENDOWMENT GROWTH
Student Housing.
At The Master’s University, we are committed to discipling the young men and women entrusted to our care. We aim to guide them in applying what they learn in the classroom to their lives as they seek to live for Christ.
OUR DEDICATION TO BIBLICAL DISCIPLESHIP NECESSITATES A COMMITMENT TO ON-CAMPUS HOUSING.
To meet the growing demand for on-campus education with intentional discipleship, the institution has acquired properties in Placerita Canyon. These strategic and financially savvy acquisitions support our growth and demonstrate our desire to mentor students on campus.
Student Impact by Property Acquisitions
• 200+ STUDENTS ARE ABLE TO EXPERIENCE ON-CAMPUS EDUCATION BECAUSE OF THE PR OXIMITY OF THESE HOMES TO TMU
• 70% OF THE TOTAL COST OF THE ACQUISITIONS IS DONOR FUNDED
Property Acqu isitions Return on Investment | 14%
05 Capital Improvements.
Capital improvements have played a vital role in legitimizing new academic programs and attracting students to TMU. Below are a few projects that started, were in progress, or were completed during fiscal year 2024:
MECHANICAL ENGINEERING LAB
ENGLISH AND HISTORY CENTER PATIO
BASEBALL STADIUM IMPROVEMENTS
FITNESS CENTER EXPANSION
AGRICULTURAL-BUSINESS FARM ESTABLISHED
OTHER CAPITAL IMPROVEMENTS
Communication Building Improvements
Sport Management Building
Slight Dorm Remodel
