University of Arkansas Raises $113.3M, Surpasses Goal

by Lee Hogan  on Monday, Aug. 4, 2014 9:51 am  

The University of Arkansas eclipsed its fundraising goal, and for the fourth consecutive year, raised more than $100 million dollars in private gifts, in fiscal year 2014.

The university raised $113.3 million in the fiscal year that ended June 30 to beat its goal of $108 million. The total was up from $108.4 million raised last year, and $108.1 million raised in 2012, but below the $121.3 million the university raised in 2011.

According to numbers provided by the university, the largest amount of funds, $36.2 million, came from corporations. That was followed by $33.9 million from individuals like alumni, friends, parents, faculty and staff, $30.5 million from foundations and $12.4 million from other organizations including trusts and estates.

Students and programs benefited the most from fundraising, receiving $54.3 million. Another $35.1 million went toward capital improvements while $28.7 million went to endowed funds. There was a 36 percent increase in endowed funding from 2013. Faculty and staff were the beneficiaries of $18.1 million, and another $5.6 million went toward other initiatives.

"This was a remarkable year for us," Chris Wyrick, vice chancellor for university advancement, said in a news release. "Our donors stepped forward and made significant investments in the University of Arkansas because they believe in our overall vision and our desire to make a positive impact on the state."

Of the donations, the university received a record 90,543 outright gifts and new pledges from 48,383 benefactors. In addition, the university received donations from 11,476 new donors this year. 

"We are deeply grateful to our generous benefactors who help make all this possible," Chancellor G. David Gearhart said in the release. "It's encouraging to see them stand behind our vision and our goal of becoming a top 50 public research university, which will ultimately benefit the state as a whole."

 

 

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