Philanthropic Giving in Fiscal Year 2024 Advances Key Campus Priorities

“Our alumni and friends have played a crucial role in the U of A's continued growth and success,” said Chancellor Charles Robinson. “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." 

Scott Varady, vice chancellor for advancement, said, “Thanks to the phenomenal commitment of the benefactors of the University of Arkansas, our land-grant institution has been able to continue creating opportunities for success and providing much-needed support at an institution we all love and support. Each gift from alumni, corporations, foundations and friends makes a remarkable difference in every aspect of campus. We are grateful for their commitment and partnership in advancing our mission to ensure student success at the university and our collective drive to be the best of the best in everything we do.” 

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 across campus. Research support and endowed faculty positions enrich the university, the state of Arkansas and the world, ensuring world-class instruction and innovation. 

“Philanthropy, together with government and universities, is increasingly recognized as essential to solving the ‘wicked’ problems of our world,” said Ranu Jung, associate vice chancellor and I³R founding executive director. “At the University of Arkansas, philanthropic giving fuels research excellence and innovation and puts the university at the forefront of discoveries that make a profound impact on our world. Each donor is a partner in our quest to make a difference in people’s lives, and we are grateful for their contributions to bringing the future to the now.” 

Broad Support

The $92.3 million raised in fiscal year 2024 includes gifts of cash, gifts-in-kind, planned gifts and new pledges. These gifts support scholarships for students, campus and study-abroad programs, faculty and staff, research and economic development, entrepreneurship and capital projects. In the fiscal year, donors directed $14.8 million dollars to the university’s endowment when received. 

“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.” 
Throughout the fiscal year, donor support established 55 new student scholarships, awards and fellowships. This support creates opportunities for students by reducing financial barriers and improving access to meaningful educational opportunities that positively impact graduation rates and improve post-graduate outcomes. 

A breakdown of funding support showed: 

• 63 percent for student scholarships and academic programs 

• 22 percent for faculty and staff support  

• 8 percent for capital improvements  

• 7 percent for other key initiatives 

Giving Back 

Eduardo Puente — alumnus, benefactor and former Honors College Path scholar — gave back this year to the program that made a significant impact on him. “The Path Program was a springboard for my life,” Puente said. 

The Path Program provides financial support and guidance to students from underrepresented populations. In addition to receiving scholarships, mentorship and academic advising, Path scholars live in Hotz Honors Hall and benefit from academic and study abroad opportunities. 

Puente earned a Bachelor of Science in International Business cum laude and a Master of Business Administration. “The Path Program held my hand through all of it,” Puente said. “I met students who are striving to do their best and be their best selves — I think that’s what the Path Program is all about.” 

Private gift support is critical to student success, research excellence and the economic impact on the state. Each gift is designated by the donor and allocated to a specific purpose. Every effort is made to align campus priorities with the interests of donors, and all gifts are used solely for their designated purposes.  

About University Advancement: University Advancement advances the mission of the University of Arkansas by raising private gift support from alumni, friends, parents, foundations, corporations, and other institutional supporters. Working in philanthropic partnership with academic leaders and volunteers, Advancement team members are determined to advance the people, work, and impact of the greater whole at the University of Arkansas. 

About the University of Arkansas: As Arkansas' flagship institution, the U of A provides an internationally competitive education in more than 200 academic programs. Founded in 1871, the U of A contributes more than $2.2 billion to Arkansas’ economy through the teaching of new knowledge and skills, entrepreneurship and job development, discovery through research and creative activity while also providing training for professional disciplines. The Carnegie Foundation classifies the U of A among the few U.S. colleges and universities with the highest level of research activity. U.S. News & World Report ranks the U of A among the top public universities in the nation. See how the U of A works to build a better world at Arkansas Research and Economic Development News.