FINANCIAL REPORT
$2.0 billion Value of FY25 NET ASSETS maintained by the University
$1.3 billion Value of the University’s FY25 ENDOWMENT funds
64.6% 10-year total endowment GROWTH

Pepperdine’s Washington, DC, campus added a new vice chancellor and a new public policy program. A renowned faith and policy leader with a distinguished background in diplomacy and religious liberty, Johnnie Moore helms the University’s campus in Washington, DC, and serves as the managing director of Pepperdine’s new Master of Middle East Policy Studies program. Launched by the School of Public Policy in partnership with The Washington Institute for Near East Policy, the initial cohort of students in the program began its studies in the fall. The rigorous academic curriculum includes a multicountry Near-East study tour.

Pepperdine’s fifth annual Worship Summit continues to unite our campus in the worship of our Savior. With 5,000 Pepperdine and local church community members in attendance, the sold-out evening featured headliners and Grammy Award–nominees Kari Jobe and Cody Carnes, words of biblical admonition and intercessory prayer for our community from pastor Francis Chan, and uplifting music from the a cappella group United Voice Worship and Pepperdine’s own WAVES WORSHIP.

Chris Tomlin, a Grammy Award–winning Christian artist and worship leader, served as the University’s inaugural artist and worship ambassador. Known for his pioneering worship music, Tomlin brought his expertise and inspiring presence to Malibu in May, where he partnered with Pepperdine’s WAVES WORSHIP and led community members in praise during a sold-out evening at the Well, the University’s weekly worship gathering.

Pepperdine Graziadio Business School’s Cristina Gibson, University Professor and Dean’s Distinguished Professor of Management, was a significant contributor to the Global Flourishing Study. Gibson coauthored six publications for the study, the largest international research effort ever conducted on human flourishing. As a study co-investigator, Gibson’s work has focused, among other issues, on how individuals’ level of income relates to their sense of financial security and hope.
GRAZIADIO BUSINESS SCHOOL
U.S. News & World Report
#5 FULL-TIME MBA
(Southern California)
#4 PART-TIME MBA (Southern California)
#2 ONLINE MBA
(Southern California)

SAFEGUARDING RELIGIOUS LIBERTY AROUND THE WORLD
NOTABLE RESEARCH GRANTS
$7.5 million from the LILLY ENDOWMENT INC. for the “Empower and Equip” program to strengthen Churches of Christ in rural communities
$2.49 million from the LILLY ENDOWMENT INC. for the Passages project at the Weisman Museum
$393,000 from the LILLY ENDOWMENT INC. for the expansion of the Great Books program
$260,000 from the TEMPLETON FOUNDATION for research at the intersection of faith and business
$1.4 million from the DEPARTMENT OF EDUCATION for the Roots of American Order summer seminar series

Pepperdine received an R2 designation from the Carnegie Classification of Institutions of Higher Education, underscoring its commitment to scholarly excellence. Recipients of the designation spend more than $5 million in research and development each fiscal year and award a minimum of 20 research doctorates annually. The recognition demonstrated the resolve of Pepperdine faculty, students, and administrators to gain new knowledge in service to society.

Pepperdine will expand its global footprint with a new study abroad program in Kyoto, Japan, in the fall of 2026. Currently a site of Pepperdine’s four-week summer Japan Perspectives program for undergraduates, the semester-long program in Kyoto—a city known for its exceptional history and diverse customs—will provide students with a uniquely immersive academic and cultural experience.
SEAVER COLLEGE
#12
BEST STUDY
ABROAD PROGRAM
U.S. News & World Report

Pepperdine’s Château d’Hauteville, Switzerland, campus has been newly equipped with a laboratory space. State-of-the-art facilities, including advanced microscopes and professional-grade chemical storage systems will give students the opportunity to fully integrate research into their experience and allow faculty abroad to ensure experiential, inquiry-based learning remains a hallmark of Pepperdine’s natural science curriculum.
Lee Kats was appointed the new dean of Seaver College in May after a nationwide search for exceptional candidates. Kats, professor of biology and the Frank R. Seaver Chair in Natural Science, has served Pepperdine for more than 30 years. His exemplary commitment to the University’s Christian mission and his leadership as an educator and researcher are demonstrated throughout his tenure as associate dean of research, vice provost of the University, and most recently as interim dean of Seaver College. His contributions to the school include dramatically furthering the research capabilities of faculty and students. In his first three years as vice provost, the University saw a 90 percent increase in research publications.


PEPPERDINE LAUNCHES THE RISE INSTITUTE
The Pepperdine College of Health Science held its inaugural student dedication ceremony in September. At the event, each of the college’s first cohort of nursing and speech-language pathology students received a Bible and their white caps or coats. The college’s new 30,000-square-foot facility in the Calabasas campus is serving as both a state-of-the-art healthcare-education complex and a welcoming space for students to gather and study. In May the founding dean of the new School of Physician Assistant Studies, Amy Bronson, began her tenure with Pepperdine in preparation for the addition of a physician assistant program in the fall of 2026. Alongside a demonstrated heart for service, Bronson’s extensive experience includes practice as a physician assistant and the direction of three different academic physician assistant programs.

Thought leaders shared their experiences and insights at this year’s President’s Speaker Series. Distinguished guests included the former president of Poland, Andrzej Duda, who reflected on his transition from academia to government and examined Poland’s role in the international arena, particularly its relationships with Russia and the US; psychologist and author Dr. Jordan B. Peterson, who explored how biblical stories shape human conduct, impact the development of the social order, and illuminate the nature of human identity; and former secretary of the US Air Force Barbara Barrett, who described how her upbringing in rural Pennsylvania prepared her to serve as an advocate for women and to promote freedom as an attorney and a military leader.

Construction of the Mountain at Mullin Park, a state-of-the-art athletics, events, fitness, and wellness complex in the heart of our Malibu campus, is well underway. To the delight of the Malibu campus community, the new parking structure opened in January, followed by a topping-out ceremony in May celebrating the completion of the highest structural point of the new events center. The Mountain is on schedule to open in late 2026.


The Quattrone Wrongful Convictions Appellate Clinic at the Caruso School of Law was established to offer law students hands-on experience in appellate practice. With significant support from Frank Quattrone and Denise Foderaro, and under the auspices of the Ken Starr Institute for Faith, Law, and Public Service, the clinic will oversee students’ work with seasoned attorneys in seeking justice for those wrongfully convicted. The clinic’s first annual conference, “The Science of Justice: Evidence, Error, and Exonerations,” held in October, featured scholars, attorneys, and advocates steeped in the practice of seeking justice for the innocent.

The Graduate School of Education and Psychology held its ninth annual Research Symposium at the Château d’Hauteville this summer. The annual symposium served as a forum for GSEP alumni and faculty to share their research findings with one another and with members of the global education and psychology community. More than 40 representatives of the school presented their work in education, psychology, leadership, and social impact in the stunning setting of the château and its environs.
CARUSO SCHOOL OF LAW
90.6%
California Bar
FIRST-TIME PASS Rate
July 2025
99.5%
RECORD-HIGH
“Full-Credit” Employment Rate for Class of 2024
Top Law Schools
for HUMAN RIGHTS LAW
National Jurist preLaw magazine

CREATIVE AND CONSCIENTIOUS USE OF AI

Pepperdine men’s volleyball delivered a historic season highlighted by a return to the NCAA Final Four and a deep postseason run that placed the Waves among the nation’s elite. After capturing the MPSF championship, Pepperdine advanced through the NCAA tournament and earned a quarterfinal victory on the sport’s biggest stage. The season also featured exceptional individual excellence, with Ryan Barnett earning AVCA First Team All-America honors and Cole Hartke and Jacob Reilly named to the Second Team. Together, these achievements reflected the program’s competitive depth, discipline, and national stature. With much of the core returning, the Waves appear poised to build on that success, having been ranked in the national top 10 since the opening weeks of the current season.
ATHLETICS
Five Conference Championship Wins:
WOMEN’S SOCCER
WCC Champions
WOMEN’S
SWIMMING
AND DIVING
MPSF Champions
MEN’S GOLF
WCC Champions
MEN’S
VOLLEYBALL
MPSF Champions
WOMEN’S
TENNIS
WCC Champions

The successes of Pepperdine student-athletes were notable this year for their variety. In addition to the extraordinary postseason run by the men’s volleyball program, the excellent performance of the women’s teams garnered Pepperdine its seventh WCC Women’s All-Sports Award. Individually, women’s tennis standout Savannah Broadus earned All-American honors, underscoring the University’s strength at the highest levels of collegiate competition. These achievements were all the more impressive when noting that Pepperdine student-athletes earned a record 3.33 departmental GPA for the 2024–25 year—the highest in Pepperdine Athletics’ history.

Actor Dennis Quaid gave the keynote address at Pepperdine’s 17th annual 9/11 Remembrance Ceremony. Speaking before 400 attendees and nearly 3,000 flags that make up the University’s annual Waves of Flags display on Alumni Park, Quaid hailed the selflessness and bravery of those who responded to the disaster, recognizing their willingness to risk their own lives to save those of strangers. Following remarks from administrators and students, Quaid joined Eric Leshinsky, Pepperdine director of student veteran affairs and Jennifer Seetoo, a commander of the Los Angeles Sheriff’s Department, in a ceremonial planting of the final flag.

Pepperdine launched its Institute for Diplomacy, Security, and Innovation. Helmed by professor Kiron Skinner, the School of Public Policy’s Taube Family Chair of International Relations and Politics, the institute bridges the gap between intellectual and policy ideas and decision making in a rapidly evolving global order. The institute convenes scholars, policymakers, and diplomats to exchange ideas to further a secure and stable country in a time of great geopolitical flux, and publishes research-based and opinion essays in its Journal of Diplomacy, Security, and Innovation.

A Graziadio Business School alumnus was one of the 14 winners of the school’s eighth annual Most Fundable Companies showcase in the fall. Gene Eidelman (MBA ’19, PKE 142) and cofounder Ross Maguire’s Azure Printed Homes, Inc., a startup devoted to providing sustainable and scalable housing, was recognized by the judges along with three Los Angeles-based startups founded by women of color. More than 130 judges chose from 2,300 plus competitors across all 50 states, spanning the fintech, agtech, healthcare, aerospace, and consumer packaged goods industries. Since 2018 Pepperdine has featured 142 most fundable companies, and these entrepreneurs have collectively raised more than $480 million in financing.

LEADERSHIP IN THE DEFENSE OF ACADEMIC FREEDOM
ORGANIZATIONAL VALUES 
We see the image of God in every person we encounter.
Academic excellence requires development of both the mind and spirit.
Students are at the heart of everything we do.
We are united in our pursuit of truth, even when we disagree.
Freedom is both a right and a responsibility.
Service is our posture.

