New UA philanthropic giving was $92.3 million in recent fiscal year

The University of Arkansas said Friday (Aug. 23) that philanthropic giving in the fiscal year ended June 30 totaled $211.1 million. Of that, $92.3 million was from new giving and $118.8 million was payments on previous commitments.

The $92.3 million includes cash, in-kind giving, planned gifts and new pledges. According to the UA, the giving will support scholarships for students, campus and study-abroad programs, faculty and staff, research and economic development, entrepreneurship and capital projects. Of the giving, $14.8 million was directed to the university’s endowment.

“The university is fortunate to have the commitment of alumni and friends who understand how their gifts directly impact the student experience through scholarships and quality teaching, research and service,” said Sandy Edwards, senior advisor for advancement. “We are building on this commitment as we launch into an even more robust new school year.”

Donor support in the recent fiscal year established 55 new student scholarships, awards and fellowships. According to the UA, 63% of the giving is directed to student scholarships and academic programs, 22% for faculty and staff support, 8% for capital improvements, and 7% for other “key initiatives.”

During fiscal year 2024, private gift support provided funding for the establishment of 66 new endowed funds, creating permanent funding for a variety of purposes, including research support and endowed faculty positions, according to the university.

“Our alumni and friends have played a crucial role in the U of A’s continued growth and success,” UA Chancellor Charles Robinson noted in a statement. “The generosity of our donors enriches every aspect of the university, from ensuring that our students have the resources they need to succeed, to supporting endowed chairs that help us attract and retain outstanding faculty, to advancing innovative research that improves lives and strengthens our state and national economy.”