The University of Arkansas at Little Rock announced Thursday that it has received a gift of $25 million from an anonymous donor, the largest single gift in the institution’s 93-year history. The gift will support the university’s strategic-enrollment management plan, according to university officials.
“The University is focused on enhancing student success and producing more students who are prepared to meet the needs of our state and our communities,” said Chancellor Christina Drale in a statement. “We have many students, and prospective students, who have considerable potential. With this amazing gift, we will be able not only to help more students get here, but to help them stay on the path to graduation and a rewarding career. I thank the donor for their support of our mission and their confidence in our ability to fulfill it. This is truly a transformational gift.”
School officials said $15 million of the gift will be used to establish new need-based scholarships for undergraduate students over the next five years while $10 million of the gift has been designated for a Student Success Endowment Fund to expand and permanently support student retention and success initiatives. Students at any level and in any major, either full-time or part-time, with financial need will be eligible immediately, according to a press release.
“We have watched the rapid transformation of the institution under Dr. Drale and her team’s leadership. The purposeful, strategic approach to solidifying UA-Little Rock’s unique and crucial role in the Arkansas educational system gives donors like me the confidence to invest,” said the donor who wishes to remain anonymous.
More details about the gift will be made available soon, school officials said.