UA Endowment Holdings Increase 10 Percent in FY05
FAYETTEVILLE, Ark. — The University of Arkansas endowment holdings rose to $691,523,660 at the close of both the Campaign for the Twenty-First Century and the 2004-2005 fiscal year on June 30, 2005. The total is approximately 10 percent higher than the $626 million reported one year earlier.
Vice Chancellor for University Advancement G. David Gearhart said: “The Campaign for the Twenty-First Century was a major force in building the university endowment. Now, even though the Campaign has ended, we are seeing the effects that endowed gifts have on the endowment’s bottom line. The final year of the Campaign was full of activity and generous philanthropy, particularly in the final weeks as we edged closer to the finish line. We must maintain this forward trajectory and continue to boost our endowment even more if we are to achieve Chancellor White’s long term goal of an endowment of $1 billon by 2010.
“Additionally, we are most grateful to the chancellor, the vice chancellors, the deans, faculty, the directors of development and our incredible volunteers who have been tirelessly seeking support from our benefactors during the Campaign for the Twenty-First Century. Their marvelous giving has augmented our endowment, pushing it to new heights. We should also acknowledge the University of Arkansas Foundation, which under the leadership of executive director Jerry Moore and the foundation board, has worked diligently on behalf of the entire University of Arkansas System to steward our endowment funds in the most diligent and fiscally responsible manner. We are also appreciative of the work of Chuck Dicus, president of the Razorback Foundation.”
Jerry Moore, executive director of the U of A Foundation said, “The performance of the Fayetteville campus in fundraising gives our stewardship of the system’s funds a momentum we might not otherwise experience. It’s good for the University of Arkansas and the entire U of A system.”
University of Arkansas endowment holdings FY 1997-2005:
Campaign for the Twenty-First Century report:
Since July 1, 1998, the Campaign for the Twenty-First Century has been raising gifts and pledges to help the University achieve its vision for the 21st century. Campaign funds have been designated to six critical areas of need: endowed faculty positions and scholarship funds, academic programs, University Libraries, new and enhanced academic facilities and equipment and annual giving.
On June 30, 2005, the Campaign for the Twenty-First Century recorded $1.046 billion in gifts and pledges against its $1 billion goal. The Campaign created 132 new endowed faculty positions and 1,478 new endowed scholarships and fellowships.
Contacts
G. David Gearhart, vice chancellor for University Advancement (479) 575-6800, gdgearh@uark.edu
Laura H. Jacobs, director of University Relations (479) 575-7422, laura@uark.edu
Headlines
PetSmart CEO J.K. Symancyk to Speak at Walton College Commencement
J.K. Symancyk is an alumnus of the Sam M. Walton College of Business and serves on the Dean’s Executive Advisory Board.
Faulkner Center, Arkansas PBS Partner to Screen Documentary 'Gospel'
The Faulkner Performing Arts Center will host a screening of Gospel, a documentary exploring the origin of Black spirituality through sermon and song, in partnership with Arkansas PBS at 7:30 p.m. Thursday, May 2.
UAPD Officers Mills and Edwards Honored With New Roles
Veterans of the U of A Police Department, Matt Mills has been promoted to assistant chief, and Crandall Edwards has been promoted to administrative captain.
Community Design Center's Greenway Urbanism Project Wins LIV Hospitality Design Award
"Greenway Urbanism" is one of six urban strategies proposed under the Framework Plan for Cherokee Village, a project that received funding through an Our Town grant from the National Endowment for the Arts.
Spring Bike Drive Refurbishes Old Bikes for New Students
All donated bikes will be given to Pedal It Forward, a local nonprofit that will refurbish your bike and return it to the U of A campus to be gifted to a student in need. Hundreds of students have already benefited.