The University of Arkansas on Tuesday announced a $1 million endowment gift from Carl and Marlys Fallen dedicated to the continued upkeep of the school's historic Old Main building.
The 149-year old brick structure is the oldest building on the Fayetteville campus. It's home to the Fulbright College of Arts and Sciences dean's office, faculty offices, and multiple academic departments of Fulbright College.
Carl Fallen, a U of A alumnus and former Tulsa Oil and Gas Company employee, said he views the five-story building as the "centerpiece of the university."
"It's just the iconic campus building for me, and I know for other people, too," he said in a news release.
Fulbright College Dean Todd Shields said the gift could have a centuries-long impact on the campus.
"Old Main has been 'the light on a hill' for higher education in Arkansas for nearly 150 years, and this gift will help ensure it will for another 150 years and many more after that," he said in the release.
Old Main was added to the National Register of Historic Places in 1970. Following a period of deterioration, a $10 million restoration brought the building back to full operation in 1991.
The Fallens have also funded the Carl and Marlys Fallen Access Arkansas Scholarship, which is available to Elkins High School students who attend the U of A.