The University of Arkansas reported that it received $138.6 million in private donations for the fiscal year ending June 30, topping the $100 million mark for the 12th straight year.
The university said the money, which came from more than 49,000 donors, amounted to the "most generous level of support" in school history, outside a multi-year capital campaign.
Contributions went toward a wide range of initiatives for students and programs, faculty and staff, research and economic development, entrepreneurship, and capital projects, the university said in a news release. More than 14% of donations, or $20 million, went to the university's endowment.
The U of A said gifts are designated and allocated for specific purposes set forth by each donor and used solely for those purposes.
"The philanthropic impact from our generous benefactors is felt campuswide,” Mark Power, vice chancellor for advancement, said in the release. “There are so many amazing things happening at the University of Arkansas, and you feel it as soon as you walk on to campus.
"I am so thankful for the spirit of generosity, the collaboration of our deans and academic leaders, and the division of advancement for their dedication to this great institution. The talented work of many is an exceptional investment that will significantly benefit future generations."
