FAYETTEVILLE, Ark. – A $175,000 gift from alumnus Carter Tolleson and his wife, Kacy, of Dallas and the Tolleson Family Foundation will be used to support scholarships at the University of Arkansas.

Tolleson’s gift will establish the Tolleson Family Endowed Scholarship in the Sam M. Walton College of Business. It will be used to support one exceptional undergraduate business student and leader throughout his or her academic career and will be renewable for up to five years.

“It is my privilege to give back to the university that did so much for me personally,” Tolleson said. “My hope is that this scholarship goes to a truly exceptional student who not only excels academically but also demonstrates extraordinary leadership qualities.”

Recipients will be expected to remain involved in a range of activities throughout their academic careers. Graduates of a Dallas County, Texas, high school will be given first preference for receiving the scholarship.

“This kind of generosity from successful alumni is an inspiration to our students and helps us at the Walton College attract the best, highest-achieving students,” said Matt Waller, dean of the Walton College. “We thank Carter and the Tolleson Family Foundation for establishing this scholarship and know that many students will benefit from his support.”

Tolleson is president of Tolleson Wealth Management, the parent company for Tolleson Private Wealth Management and Tolleson Private Bank. He earned a Bachelor of Science in Business Administration from Walton College in 2001 and is a member of the college’s Dean’s Alumni Advisory Council. In 2012, he was named to the Dallas Business Journal’s “40 Under Forty” class.

“This scholarship is an opportunity to provide access to an environment that will deliver the body of knowledge and uphold the values necessary for future success,” Tolleson said. “It is an absolute honor to be able to help someone in such a meaningful way.”

About the Sam M. Walton College of Business: The Sam M. Walton College of Business is a nationally and internationally recognized leader in business education and research. Since its founding at the University of Arkansas in 1926, the Walton College has grown to become the state's premier college of business – as well as a nationally competitive business school. The Walton College is ranked 27th among public business colleges by U.S. News & World Report, which ranks the supply chain management/logistics specialty 13th among public business colleges.

About the University of Arkansas: The University of Arkansas provides an internationally competitive education for undergraduate and graduate students in more than 200 academic programs. The university contributes new knowledge, economic development, basic and applied research, and creative activity while also providing service to academic and professional disciplines. The Carnegie Foundation classifies the University of Arkansas among only 2 percent of universities in America that have the highest level of research activity. U.S. News & World Report ranks the University of Arkansas among its top American public research universities. Founded in 1871, the University of Arkansas comprises 10 colleges and schools and maintains a low student-to-faculty ratio that promotes personal attention and close mentoring.