UA donations
by August 9, 2011 9:00 am 63 views
Officials at the University of Arkansas reported Tuesday (Aug. 9) that private gift support in the fiscal year ended June 30 totaled $121.3 million, well above the $100 million goal.
“Defying the experiences of many U.S. universities and colleges, the University of Arkansas achieved a remarkable 40 percent increase in private giving during the recently completed fiscal year,” noted the UA statement. “What makes this even more impressive is that the university realized the increase even though it is not engaged in a multiyear capital campaign.”
The total is a 40% increase compared to the the $86.7 million private gift total received in the preceding fiscal year.
“It has been an outstanding year at the University of Arkansas,” Brad Choate, vice chancellor for university advancement, said in the statement “This is the largest fundraising total reported outside of a capital campaign and the third largest ever at this institution. The remarkable philanthropy of our alumni, friends, staff, faculty, parents and students represents our university’s commitment to student success.”
DONATION POINTS
• The campus recorded 77,406 outright gifts and new pledges from 42,430 benefactors during the 2011 fiscal year. Last year, 73,299 outright gifts and new pledges came from 41,650 benefactors, which were record numbers at the time.
• The $121.3 million total includes outright gifts of cash, gifts-in-kind, planned gifts and new pledges received from July 1, 2010, through June 30, 2011. Of this total, $38.5 million was designated to support athletics and the Razorback Foundation.
• Cash receipts, which include pledge payments, outright gifts and estate and planned gift distributions, totaled $109.1 million compared to $89.1 million last year.
• Of the $121.3 million raised for academic and athletic programs in 2010-11, 45% came from individual alumni, friends, faculty and staff, 34% came from corporations, 17% came from foundations and 4% came from other organizations. While 33% supported students and programs, 48% supported capital improvements, 15% supported faculty and staff and 4 percent supported other initiatives.
• The non-endowed total was $99.1 million, and these funds were made available for current use. The remaining $22.2 million, or 18.2%, went toward the university’s endowment.