Gift To Establish Chancellor's Scholarships At U Of A

FAYETTEVILLE, Ark. — The memory of Camden and Sue Greene will live on at the University of Arkansas, thanks to a gift commitment of $40,000 per year from Richard and Tamara Greene, of Fayetteville, to fund Chancellor’s Scholarships.

The Camden and Sue Greene Chancellor’s Scholarship Program at the University of Arkansas will provide exceptional scholarship opportunities designed to encourage and assist qualified students to pursue a college degree at the University of Arkansas. The gift will create 10 new scholarships.

Richard, a 1976 UA graduate in business, and Tamara Greene established the scholarships in memory of Richard’s parents, Camden and Sue Greene, who died last year. Richard and Tamara Greene have made a long-term commitment to fund the scholarships through an annual gift of $40,000. Over the next five years alone, the gift is valued at $200,000.

UA Chancellor John A. White said, "Expanding the Chancellor’s Scholarship Program has been a priority of the University’s for the past four years now. This scholarship represents one of the most significant ways in which we are able to compete for outstanding students. Time and again we’ve heard from our Chancellor’s Scholars the importance of this particular scholarship opportunity in how it helped them choose the University of Arkansas, and not another institution out of state.

"As we rise to meet the challenge for the Campaign for the Twenty-First Century, it’s more important than ever that we raise funds to help us increase the size and quality of our student body. We are grateful to Richard and Tamara Greene for establishing this scholarship in memory of Richard’s parents, and for their continued support of the Chancellor’s Scholarship Program. The impact of their gift will be felt for years to come and is critical to helping us achieve our vision of a nationally competitive student-centered research university serving Arkansas and the world"

Camden Greene was a retired naval officer who served in the South Pacific during World War II. He and his wife Sue were active with Baptist Health Systems, the University of Arkansas Medical Sciences Foundation and the Arkansas Children’s Hospital Foundation. He was a 32nd degree Mason and a retired farmer.

Richard Greene is a stockbroker for Stephens, Inc., in Fayetteville.

The Greenes’ gift is part of the Campaign for the Twenty-First Century. Started in 1998, the Campaign is a seven-year effort to raise $900 million in private gift support by June 30, 2005. Campaign funds are being used to help the University achieve its vision for the twenty-first century. Campaign funds are being raised for six critical areas of need: endowed faculty positions and scholarship funds, academic programs, University Libraries, academic facilities and equipment and annual giving.

As of April 30, 2002, the Campaign had raised $612.5 million in gifts and pledges. Of the $900 million Campaign goal, $300 million is being raised as part of what’s being called the $300 Million Challenge, in response to the Walton family’s condition that the University of Arkansas match their recent $300 million gift by the Campaign’s end on June 30, 2005. All gifts made to academics and academic support programs since Jan. 1, 2002, will be counted toward the Challenge.

Between Jan. 1, 2002 and April 30, 2002, the University of Arkansas had raised $17.9 million toward the $300 Million Challenge.

Chancellor’s Scholarships provide tuition, fees and room and board to qualifying entering freshmen and are endowed with a gift of $160,000.

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