- Associated Press - Sunday, June 28, 2015

FAYETTEVILLE, Ark. (AP) - Public charity to University of Arkansas athletic programs is increasing, according to a recent IRS report.

The Razorback Foundation reported $27.9 million in revenue from contributions and grants for the 12-month period ending June 30, 2014, an increase in giving of about $2.1 million compared with the previous fiscal year.

The most recent giving total includes about $3.3 million in noncash contributions, according to the organization’s annual report that’s required by the IRS. The time period covered doesn’t include a 256-acre gift from Dallas Cowboys owner and former Razorback football player Jerry Jones and his wife, Gene.

The foundation closed its fiscal 2014 with $45.2 million in assets, up from $39.3 million the previous year.

The Arkansas Democrat-Gazette (https://bit.ly/1GUhK56 ) reports top university officials, including foundation Executive Director Sean Rochelle and university Athletic Director Jeff Long, didn’t respond to requests for comment on why giving is rising.

Foundation Chairman Ken Mourton released a statement but similarly declined to take questions.

“The Razorback Foundation is grateful for the incredible support of its membership and we are excited about the momentum created from an extremely successful year by more than 460 Razorback student-athletes and the programs they represent,” Mourton wrote.



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