Henderson State University officials announced Thursday (Aug. 15) the school’s foundation received $2.27 million in private gifts in the 2018-2019 fiscal year that ended June 30. The last time fundraising surpassed $2 million was in 2001 when the single-largest donor gift was made to support the construction of the Formby Athletic Center. The news comes amid a leadership change at the Arkadelphia school, along with some financial difficulties. Henderson State recently asked for a $6 million loan from Arkansas’ Budget Stabilization Trust Fund, which former president Glen Jones linked to unpaid student accounts. Top gifts for the year included two endowment gifts to support scholarships for students studying history, support for the nursing program and athletics support. Henderson’s endowment is at $12.2 million and provides nearly half a million each year in scholarship and programming support to the university. “A strong endowment is a sign of a strong university, so…
Henderson Bid University officers announced Thursday (Aug. 15) the college’s foundation obtained $2.27 million in non-public items within the 2018-2019 fiscal year that ended June 30.
The closing time fundraising surpassed $2 million used to be in 2001 when the single-largest donor present used to be made to bolster the construction of the Formby Athletic Heart.
The knowledge comes amid a management change on the Arkadelphia college, together with some monetary difficulties. Henderson Bid now not too long ago requested for a $6 million mortgage from Arkansas’ Budget Stabilization Trust Fund, which former president Glen Jones linked to unpaid student accounts.
Top items for the year included two endowment items to bolster scholarships for faculty students studying historic previous, strengthen for the nursing program and athletics strengthen.
Henderson’s endowment is at $12.2 million and presents almost half 1,000,000 annually in scholarship and programming strengthen to the college.
“An excellent endowment is a signal of a convincing college, so we are able to be asking donors to possess in mind providing perpetual strengthen for scholarships and tutorial programs,” mentioned Jennifer Boyett, HSU’s Vice President for University Model. “Increasing the endowment is the largest for the manner forward for Henderson Bid.”
Henderson also reported an all-time excessive form of alumni donors. The preliminary arrangement used to be to surpass 823 alumni donors, which feature a excessive in 2017. That arrangement used to be achieved in early Can even and continued to grow to 1,043 by June 30 — a 27% lengthen within the all-time excessive. Overall, 3,255 donors pledged items to the college in fiscal 2019.
“I’m inspired by the form of alumni who renewed their strengthen this previous year and even more overjoyed by the form of first-time donors who made items,” Boyett mentioned. “The Reddie Spirit is robust among our alumni, and the items they’ve entrusted to Henderson throughout the Basis will encourage the college students and the campus for generations to come support.”
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