University of Arkansas Fundraising Campaign Brings in $108-million
By: KNWA-TV, Fayetteville
Updated: August 13, 2012
The University of Arkansas is celebrating a very successful fundraising campaign.
During the 2012 fiscal year ending June 30th, the University recorded more than $108 million in private gift support, surpassing its goal of $103 million.
This is the first time the university exceeded $100 million in fundraising totals for two consecutive years. During fiscal year 2011, $121.3 million in private gifts were secured.
"In 2011, charitable giving rose by less than 1 percent nationally, reminding us that our country continues to face economic challenges," said Brad Choate, vice chancellor for university advancement. "We are deeply appreciative of the many alumni, friends, organizations, faculty and staff members who continue to include the university in their philanthropic decisions. This is the second-largest fundraising year for the University of Arkansas outside of a comprehensive campaign, and that speaks volumes. The Arkansas family truly understands the need for private gift support and the impact it has on our students and the campus overall."
The $108.1 million total includes outright gifts of cash, gifts-in-kind, planned gifts and new pledges received from July 1, 2011, through June 30, 2012. Of this total, $26.2 million was designated to support athletics and the Razorback Foundation.
Of the $108.1 million raised for academic and athletic programs in 2011-12:
The non-endowed total was $95.8 million, and these funds were made available for current use. The remaining $12.2 million, or 11.3-percent, went toward the university's endowment.
During the 2012 fiscal year ending June 30th, the University recorded more than $108 million in private gift support, surpassing its goal of $103 million.
This is the first time the university exceeded $100 million in fundraising totals for two consecutive years. During fiscal year 2011, $121.3 million in private gifts were secured.
"In 2011, charitable giving rose by less than 1 percent nationally, reminding us that our country continues to face economic challenges," said Brad Choate, vice chancellor for university advancement. "We are deeply appreciative of the many alumni, friends, organizations, faculty and staff members who continue to include the university in their philanthropic decisions. This is the second-largest fundraising year for the University of Arkansas outside of a comprehensive campaign, and that speaks volumes. The Arkansas family truly understands the need for private gift support and the impact it has on our students and the campus overall."
The $108.1 million total includes outright gifts of cash, gifts-in-kind, planned gifts and new pledges received from July 1, 2011, through June 30, 2012. Of this total, $26.2 million was designated to support athletics and the Razorback Foundation.
Of the $108.1 million raised for academic and athletic programs in 2011-12:
- 31-percent came from individual alumni, friends, faculty and staff;
- 35-percent came from corporations
- 26-percent came from foundations
- 8-percent came from other organizations.
The non-endowed total was $95.8 million, and these funds were made available for current use. The remaining $12.2 million, or 11.3-percent, went toward the university's endowment.
