Gift will serve as match to future athletic endowments established, Diepenhorst Family Earns Hero Designation With University
SAN MARCOS, Texas – A $1 million dollar gift from San Antonio philanthropists Dan and Cindee Diepenhorst will benefit student-athlete scholarships and endowments at Texas State University.
“Cindee and I are blessed and feel fortunate to have the opportunity to support Texas State University and our 396 deserving student-athletes in this way,” said Dan Diepenhorst.
The $1 million gift will be used to match other philanthropic support towards athletic scholarships in perpetuity. This program doubles a donor’s gift when a new endowment is established in athletics. Gifts ranging from $25,000 to $100,000 may qualify for this match which will include outright gifts and gifts made over a five-year period of time. The goal is to encourage involvement from other passionate Texas State alumni to increase the overall athletics endowment by $2 million.
In six years, athletics endowments have increased from $900,000 to $4.5 million.
“This is a critical time for our university, the athletics department and our football program. We believe this will help build momentum already established and get other donors and alums more involved and engaged in our pursuit of excellence,” said Diepenhorst.
“This is an unbelievable day for Texas State Athletics. Dan and Cindee’s gift is truly inspirational, and we cannot thank them enough for their continued support of our university. In every athletics department long term sustainability and finding creative financing is critical to the success. This gift makes a huge difference,” said Texas State Director of Athletics Dr. Larry Teis.
Dan, President of Legacy Mutual Mortgage, earned his Bachelor’s degree in business administration at Southwest Texas State University in 1989 and began his mortgage lending career in San Antonio in 1992. After 11 years as a leader in the mortgage industry, and at the urging of clients, realtors and builders, Dan followed his dream and started his own mortgage company – Legacy Mutual Mortgage – in 2003. Since that time he has established a respected reputation as a reliable local mortgage banker in San Antonio for the past 13 years.
“Attending Texas State/SWT at the time was a game changer for me. It was truly a transformative experience, and it has been a priority for me to give back. I have always believed, ‘to those whom much is given, much is expected’,” said Dan. “Cindee and I have been blessed, and although Cindee did not attend Texas State, she has been very supportive, and the university has always treated her like one of its own,” said Dan.
Dan and Cindee’s philanthropic support of the university dates back as far as 1990 when they first joined the Texas State Alumni Association. In 2010, Dan and Cindee became members of the Bobcat Club. Two years later, they established the Dan and Cindee Diepenhorst Family Endowed Scholarship with the McCoy College of Business to specifically benefit student-athletes studying in the college of business.
“For us, this endowment made us realize our gifts make a huge impact on the lives of these young people. Dan and I give to many charities because we believe in supporting noble causes, but Texas State is one of the special ones we give to,” said Cindee.
“Our number one fundraising priority here at Texas State University is scholarship support,” said University President Denise Trauth. “The Diepenhorsts’ commitment to our mission of supporting our student-athletes is truly remarkable, and this gift stands as another defining moment in the history of our university. We are very fortunate Dan and Cindee believe in our vision to see this university and our athletics department become great.”
With this gift, Dan and Cindee become the 38th members of the Texas State Heroes – a group of individuals, companies and foundations that have donated over $1 million or more to Texas State University.
In recognition of this gift, Texas State will rename the Champions Club level at Bobcat Stadium to the Dan and Cindee Diepenhorst Family Champions Club Level.