- Associated Press - Monday, October 12, 2015

FAYETTEVILLE, Ark. (AP) - The University of Arkansas at Fayetteville says its endowment has grown about 4 percent in a year to $948.7 million as of the end of June.

University of Arkansas Foundation executive director Clay Davis said in an email that the investment return fell short of previous years. He said the annualized average for returns for the past five years has been 10.8 percent.

Davis said last year’s investment return came “during a fairly turbulent period for the financial markets.” The Arkansas Democrat-Gazette (https://bit.ly/1Mnw8Tc ) reports the foundation is charged with investment management for endowed funds.

The funds can be used to establish faculty positions or student scholarships. The foundation’s website says the payout on endowed funds for various expenses amounts to roughly 5 percent.

___

Information from: Arkansas Democrat-Gazette, https://www.arkansasonline.com


Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times welcomes your comments on Spot.im, our third-party provider. Please read our Comment Policy before commenting.

 

Click to Read More and View Comments

Click to Hide