Hendrix College receives $10 million endowment challenge from Windgate Foundation

Hendrix College received a $10 million endowment challenge grant from Little Rock’s Windgate Foundation, marking one of the largest single investments in the college’s history.

Hendrix is preparing to celebrate its sesquicentennial in 2026.

“This extraordinary commitment from the Windgate Foundation strengthens the long-term foundation of Hendrix College,” said Hendrix College President Karen Petersen. “The challenge will inspire donors to invest in the people and programs that define the Hendrix experience — supporting our faculty, expanding opportunities for students, and ensuring that Hendrix remains vibrant for the next 150 years. We are grateful for the Windgate Foundation’s continued support.”

The challenge funds will accelerate Hendrix’s efforts to build a stronger, more sustainable endowment — one that supports scholarships and financial aid, invests in faculty excellence, and expands distinctive programs.

By encouraging new and increased major gifts, the grant will help ensure Hendrix can continue providing an accessible, high-impact liberal arts experience for future generations.

The Windgate Foundation’s challenge will match new donations to Hendrix over $100,000 1:1 up to $10 million. Over nearly three decades, the foundation’s support for Hendrix has reached into the millions of dollars, transforming the college through its generosity.

“Windgate Foundation is committed to expanding educational opportunities, and Hendrix College plays a vital role in opening doors for students across Arkansas,” said Patricia Forgy, Windgate Foundation executive director. “We are proud to offer this challenge grant to help strengthen the programs, scholarships, and faculty support that directly impact student success.”

As Hendrix approaches its 150th anniversary, the college is laying the groundwork for its next century of service. Hendrix is developing new academic pathways and experiential learning programs that more intentionally connect the liberal arts to the needs of today’s workforce.

“This challenge grant is a powerful catalyst for our next chapter,” said Quincy Davidson, vice president for advancement at Hendrix College. “It gives our alumni and friends an extraordinary opportunity to amplify their support and directly strengthen the student and faculty experience. We are deeply grateful to the Windgate Foundation for their confidence in our mission and for helping us build the philanthropic momentum that will carry Hendrix into its sesquicentennial.”

Founded in 1876, Hendrix College is a Conway-based liberal arts school. The Windgate Foundation, based in Little Rock, is a private foundation established in 1993 whose purpose is to advance contemporary craft and strengthen visual arts education in the U.S.