Texas A&M receives a $20 million gift from Adam C. Sinn ’00 to support students and programs in Mays Business School’s Department of Finance.
November 22, 2021
A $10 million gift—and a pledge for an additional $10 million—from Adam C. Sinn ’00, a commodities trader and owner of Aspire Commodities, will help Mays Business School’s Department of Finance enhance the quality of education it provides and offer financial support to undergraduate and graduate students.
“I applaud Mr. Sinn’s willingness to invest in our university,” said Dr. M. Katherine Banks, president of Texas A&M University. “Contributions such as these not only help elevate the department but provide a brighter future to our students for generations to come. We appreciate his support of our mission.”
In recognition of Sinn's $10 million gift through the Texas A&M Foundation, the department has been renamed the Adam C. Sinn ’00 Department of Finance. This is the second named department at Mays, following the naming of the James Benjamin Department of Accounting in 2017.
“On behalf of Mays Business School, I want to extend a heartfelt ‘thank you’ to Mr. Sinn for his extremely generous support,” said Dr. Duane Ireland, interim dean. “Through Mr. Sinn’s gift, we will have opportunities to continuously increase the value of our students’ educational experiences. The type of support we are receiving from Mr. Sinn reflects the unique relationship between Mays Business School and Texas A&M University with former students.”
Sinn’s gift includes $7.5 million for undergraduate and graduate scholarships to assist finance students whose financial challenges might prevent them from attending college. The gift will support students from Sinn’s hometown in Hoopeston, Illinois, and nearby Cissna Park, Illinois, as well as those from Dorado, Puerto Rico, where he maintains a residence today.
If there is an insufficient number of eligible finance students from those regions, a portion of Sinn’s gift will benefit Aggies enrolled in Mays’ Trading, Risk and Investments Program (TRIP), which prepares participants in the fields of energy trading, investments and risk management by combining exceptional class instruction with hands-on, internship-based experience. Sinn’s gift will cover part of participants’ graduate fees as well as a portion of their undergraduate tuition.
“Considering that the cost of education is increasing for most graduate programs, this gift will allow us to provide a significant level of financial support to TRIP students across the program annually,” said Mays Reliant Trading Center Director Detlef Hallermann ’89, who serves as the TRIP director. “This is a monumental achievement.”
In addition to the current gift, Sinn pledged an additional $10 million gift to be funded over the next five years in support of student and faculty success initiatives in the department.
Continuing Success
Sinn’s gift offers the department’s latest indicator of success. “In our world of higher education, philanthropy is more than a fundraising tool; it is actually a metric of performance,” said Mays Executive Associate Dean Sorin Sorescu. “Named departments can be seen as a seal of approval from influential, successful individuals like Mr. Sinn, who has had tremendous career success and is encouraged by what he sees in our programs at Mays. We are so honored to have his support.”
The department’s undergraduate program ranked 34th nationally in 2021 by U.S. News and World Report. In 2021, Eduniversal Best Masters rated the department’s Master’s in Real Estate Management 3rd globally and the graduate portion of TRIP 15th globally. Also in 2021, the department’s Master of Science in Finance Program was ranked 10th among U.S. public programs by TFE Times.
Prospective student interest in the department’s programs is also increasing. More than 1,000 Aggies are enrolled in finance programs for the 2021-22 academic year, a 30% increase over the past five years.
The department prides itself on cross-campus interdisciplinary partnerships and high-impact programs that provide students with cutting-edge academic knowledge and industry best practices. Additionally, innovative opportunities such as Aggies on Wall Street and the Reveille Fund, a student-run investment fund, require students to apply their learning.
The remaining portion of Sinn’s gift will support the department’s efforts to recruit top faculty and create and expand these types of innovative programs. Funds may also support the Master of Science in Finance, career development offerings, educational travel opportunities, etiquette dinners, and training in personal skills. These offerings are designed to create well-rounded graduates who can make an immediate impact when they start their careers.
“When we can do more as a finance department, it’s not only our department and the students in Mays who win. Texas A&M also wins,” said Interim Department Head Christa Bouwman. “These interdisciplinary programs and partnerships are very valuable.”
Luck and Hard Work
Sinn grew up in Hoopeston, Illinois, which like many Midwestern small towns, particularly those not proximate to an interstate, had its share of successes and struggles in the 1980s and 1990s. The area’s economy primarily revolved around agriculture and particularly growing and canning corn and other products; Hoopeston is the Sweetcorn Capital of the World.
Minimum-wage jobs like one Sinn held at a hog farm during high school and good-paying blue-collar jobs in the local industries remained to a degree but became less available over time. However, Hoopeston maintained a strong Midwestern work ethic that influenced Sinn. That work ethic was bolstered greatly by his parents and grandparents, who he described as being part of “hard-working Middle America,” and his role models for hard work. Sinn’s father started a small business as an electrician and his mother performed office functions for the business. His parents saved ardently so they could provide some assistance to their sons if they chose to pursue college degrees.
His penchant for hard work paid off. After initially being declined for an internship with Dell, Sinn offered to work for free. Impressed, the company representative invited him to reapply. He did when another opportunity arose—and was quickly offered a job when the interviewers realized that the Aggie knew more about the company than they did.
After graduating with his bachelor’s degree in finance in 2001, Sinn wanted to pursue a career in trading, following in the footsteps of his grandfather, who bought and sold livestock in the small livestock business founded by his great-grandfather and sons. However, it took him a while to find his niche. He briefly worked in accounting and finance jobs before he was in the right place at the right time—without a job when Lehman Brothers folded—to step into energy trading. “People sometimes end up in a spot due to sudden life circumstances,” said Sinn, who now operates one of the largest speculative trading firms in the commodity market. “It’s what you do with that situation that can determine the course of your future and whether you reach the next level.”
Sinn has embraced Texas A&M’s core values during his career. Now, his selfless service through creating this endowment will help middle-tier students avoid taking on student loan debt. “I want others to not have a financial burden so they can attend the best university on the planet,” he said, adding that these scholarships will also help position finance students to be successful in their lives after college. “I hope to lay the foundation so that at some point in time, these students can bet on themselves like I was able to do when they need to. The person who is financially burdened by rising educational costs may be unable to take that shot.”
Mays faculty, staff and students appreciate his commitment to selfless service as he opens doors for the next generation of Aggies. “He wants to give people an opportunity,” Hallermann said. “He’s got an unbelievable talent for trading power and electricity, but when he looks around, his focus is always, ‘How do I help people get to where they need to be?’”
About Mays Business School
At Mays Business School, our vision is to advance the world’s prosperity. Our mission is to be a vibrant learning organization that creates impactful knowledge and develops transformational leaders. Mays Business School educates more than 6,400 undergraduate, masters, and doctoral students in accounting, finance, management, management information systems, marketing, and supply chain management. Mays consistently ranks among the top public business schools for its programs and faculty research.
About the Texas A&M Foundation
The Texas A&M Foundation is a nonprofit organization that aspires to be among the most trusted philanthropies in higher education. It builds a brighter future for Texas A&M University, one relationship at a time.
Source: Texas A&M Foundation
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