A Record Year—and What Comes Next Dear Friends and Partners, At the San Antonio Area Foundation, we are guided by a simple belief: when generosity is aligned, our community is stronger. Our 2025 Impact Report reflects what that belief made possible this past year. Together with our donors and partners, we awarded a record $87 million into the community, supported nearly 1,500 students through scholarships, and expanded investments in nonprofits across our region. This work is always moving forward. As we release this report, we are also announcing our latest Responsive Grant awards for Cultural Vibrancy and Youth Success. These investments support organizations that are strengthening San Antonio in real time, responding to needs today while helping shape a more connected, resilient future. Inside the report, you’ll see both the scale of this work and the people behind it—donors who trust us to steward their generosity, nonprofit leaders building capacity, students pursuing new opportunities, and partners coming together through efforts like All Hearts on Deck to meet a changing moment for our sector. You’ll also find a reflection on the legacy of our founder, Richard Goldsmith, whose vision continues to guide how we show up for this community. This report is a look at what we’ve built together—and a reminder of what’s still ahead. I hope you’ll take a few moments to explore it. With gratitude, Nadege SouvenirChief Executive Officer San Antonio Area Foundation | 
