The Arkansas Real Estate Foundation donated $62,000 to create the Arkansas Real Estate Foundation Endowed Scholarship in the Sam M. Walton College of Business at the University of Arkansas to help students pursue a career in real estate.
“We thank the Arkansas Real Estate Foundation for its support of our students and its belief in the importance of educating Arkansans about the business of real estate,” said Matt Waller, Walton College dean and the Sam M. Walton Leadership Chair. “This generous gift will help our students be leaders in the real estate industry in Arkansas for years to come.”
Juniors or Seniors who are earning a degree in finance, with a concentration in real estate, will be eligible to receive the scholarship which will be awarded at the end of each spring semester for the next academic year. Students who demonstrate financial need will be awarded up to $3,500 annually and can reapply each year.
“We are charged with educating the public and practitioners about real estate, and we felt there was no better way to do that than support an institution that is changing the future of our market,” said Stuart S. Mackey, chair of the real estate foundation and executive vice president of the Hathaway Group in Little Rock. “We are excited to invest in the education of students in Arkansas. An educated public benefits all of us since we see real estate as a part of everyone’s life — we all deal with real estate, be that residential or commercial.”
The foundation hopes the endowment will grow to the point that two scholarships can be offered in an academic year.