The University of Arkansas Foundation, Inc.
The University of Arkansas Foundation, Inc. is
a charitable corporation created under and by the laws of the state of
Arkansas. The corporation is exempt from federal income tax under
section 501(c)3 of the Internal Revenue Code of 1986.
The primary purpose of the Foundation is to advance higher education
by securing private financial support for all units and activities of
the University of Arkansas. To that end the Foundation is authorized to
receive, hold, invest, manage and control property which may be acquired
by the Foundation, and to distribute or use such assets for the benefit
of the University of Arkansas in accordance with the purposes
stipulated by the donors, grantors, or testators.
The Foundation values each donor and each gift. We will disclose
fully to donors and prospective donors the policies and programs of the
Foundation, but will keep confidential those matters requested by
donors.
Relation of Foundation to University of Arkansas
Although the University of Arkansas Foundation, Inc. is the primary
avenue of giving to support academic programs at all campuses of the
University of Arkansas, there are other organizations through which
donations to the University may be received. On some campuses, the
alumni associations accept donations for the support of various
activities, and the Razorback Foundation, which is separate from the
University of Arkansas Foundation, is the major fundraiser for
intercollegiate athletics on the Fayetteville campus.
The University of Arkansas Foundation is governed by a 22-member
Board of Directors, only four of which are members of the University of
Arkansas Board of Trustees. The Fayetteville and Agricultural
Development Councils and the five Foundation Funds elect two members
each to the board of directors and four members are elected at-large by
the other members of the board. The Councils and Funds which assist in
raising funds for the various units are as follows:
- University of Arkansas for Medical Sciences Foundation Fund
- Winthrop P. Rockefeller Cancer Institute Foundation Fund
- University of Arkansas at Little Rock Foundation Fund
- University of Arkansas at Fayetteville Development Council
- University of Arkansas at Monticello Foundation Fund
- University of Arkansas at Pine Bluff Foundation Fund
- Agricultural Development Council