by Talk Business & Politics staff (staff2@talkbusiness.net)

The University of Arkansas said Friday (Aug. 23) that philanthropic giving in the fiscal year ended June 30 totaled $211.1 million. Of that, $92.3 million was from new giving and $118.8 million was payments on previous commitments.

The $92.3 million includes cash, in-kind giving, planned gifts and new pledges. According to the UA, the giving will support scholarships for students, campus and study-abroad programs, faculty and staff, research and economic development, entrepreneurship and capital projects. Of the giving, $14.8 million was directed to the university’s endowment.

“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.”

New UA philanthropic giving was $92.3 million in recent fiscal year