- Associated Press - Tuesday, August 18, 2015

FAYETTEVILLE, Ark. (AP) - The University of Arkansas says it’s raised more than $100 million in private gifts for the fifth consecutive year.

The university said Monday it raised $116.5 million in gifts in the fiscal year that ended June 30. It marked the fourth-best year in the university’s fundraising history and the fifth consecutive year the school has surpassed the $100 million mark.

About $20.8 million of the funds raised was allocated for endowed funds and will add to the university’s overall endowment total. Cash receipts, which include pledge payments, outright gifts and estate and planned gift distributions, reached nearly $98 million in fiscal year 2015.

Thirty percent of the gifts came from individuals such as alumni, friends, parents, faculty and staff. Another 33 percent came from corporations and 27 percent from foundations.

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