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The University of Arkansas at Little Rock announced Friday that Fiscal Year 2020 has been its highest fundraising year to date, with UA Little Rock alumni and friends donating a record-breaking $47.9 million.
The university received the largest gift in its 93-year history this year as well: $25 million from an anonymous donor to support its strategic enrollment management plan.
The gift includes $10 million for a Student Success Endowment Fund to expand and permanently support student retention and success initiatives and $15 million for need-based scholarships for undergraduate students.
Other fundraising-related highlights were:
- An eight-figure anonymous estate gift to provide scholarships for students;
- Increased annual giving toward emergency scholarships to help students with unexpected financial burdens related to the COVID-19 outbreak;
- Expanded national fundraising efforts that brought about giving from alumni living outside of Arkansas, such as a $250,000 endowed scholarship to the College of Business, Health, and Human Services from Marvin Presnall of Tacoma, Washington, and a $269,160 gift from Wiley D. Cavin III of Austin, Texas, to create the Wylie D. Cavin Endowed Scholarship for students at the UA Little Rock William H. Bowen School of Law.
- More faculty and staff (52.85%) contributed to the annual campus campaign fund drive, up 7% from the previous year.
More than 6,800 individuals, corporations and private foundations gave 25,901 gifts between July 1, 2019, and June 30. This is the fourth consecutive year of gift growth for UA Little Rock.