- Associated Press - Sunday, December 4, 2016

FAYETTEVILLE, Ark. (AP) - An endowment that helps fund faculty positions and student scholarships at the University of Arkansas’ flagship campus in Fayetteville declined by nearly $50 million in fiscal year 2016.

The Arkansas Democrat-Gazette reports (https://bit.ly/2g8D4OA ) that UA listed endowment funds at $898.9 million at the end of the fiscal year on June 30.

That’s $49.8 million lower than the record high of $948.7 million in 2015.

Endowed gifts fell from $21.1 million in 2015 to $9.9 million and investment losses totals $12.6 million and the decline is the first since 2012, and the largest since a 2009 during an economic recession.

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


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