UA fundraising on track for $108 million this year

by The City Wire staff ( 3 views 

As of Dec. 31, 2013, the midpoint of the 2014 fiscal year, the University of Arkansas raised $62.633 million and is now 58% of the way to its goal of $108 million.

“We are encouraged, proud and – most of all – thankful for the success we have seen so far this year,” said Chancellor G. David Gearhart. “Our benefactors are investing in the future of our great university and are clearly excited about the direction we are heading. Their confidence in us speaks volumes and reminds us why we are here: to advance higher education in the state of Arkansas and enhance the academic opportunities available for our students and faculty. I look forward to finishing out the fiscal year with additional positive results.”

The amount reported includes outright gifts of cash, gifts-in-kind, new planned gifts and new pledges. Funds have been designated for academic and athletic purposes such as scholarships, diversity initiatives, new construction and renovation projects, the Razorback Foundation and University Libraries.

This year marks the fifth consecutive year that the university has raised over half of its goal by Dec. 31. The 2014 fiscal year will conclude on June 30.