Giving Guide

Endowed Scholarships

Endowed Scholarships funded through gifts to the Northark Foundation help change the lives of our students each year.

Although UA Northark’s tuition cost is among the lowest in Arkansas, and two-thirds of all of our students qualify for some level of federal ﬁnancial aid, many of our students do not qualify for any type of ﬁnancial assistance other than private scholarships. Most of these middle and lower-middle income students attend school and work at least part-time. Many have families, and some are single parents.

As a general rule, the suggested minimum gift to the Foundation to endow and name a scholarship is $25,000. However, the actual amount required depends on several variables, including the value of the scholarship, and the number and frequency of the awards. For example, a scholarship fund that supplies a two-semester award each year that is renewable for the student’s second year could require $100,000 to be fully endowed. Endowed Scholarships may be named in honor of the donor or in memory of a loved one. Donors are recognized each year at a special scholarship luncheon.

Endowed Chairs

Endowed Chairs recognize and reward faculty excellence by funding projects in faculty and/or program development.

Funds from an Endowed Chair award may be used for a speciﬁc professional development project or to purchase equipment or supplies directly related to that project. The project may include travel to professional conferences, development of instructional materials, design or redesign of entire courses, and/or other appropriate professional development activities. Endowed Chair recipients are selected each year by a committee of faculty members, chaired by the vice president of academic affairs. Upon completion of his or her project, the instructor holding the Endowed Chair reports on his or her project at a special luncheon hosted by the Foundation for the donor, donor’s family members, and the recipient.

The minimum gift to the UA Northark Foundation required for an Endowed Chair at UA Northark is $50,000. Endowed Chairs may be named in honor of the donor(s) or in memory of a loved one.

As is the case for all endowments held by the Foundation, the fund’s principal is invested and earnings are used to support endowed chair projects. Any remaining income builds the principal value. The purpose of endowments held by the Foundation is to provide funds for the project or restricted area in perpetuity. No fees or overhead are charged by the Foundation.

Named Facilities

With major gifts to name buildings and other facilities at Northark, donors invest in our College’s future and create a legacy.

Construction or Renovation

The Board of Visitors of UA Northark has established a Facilities Naming Policy. Although the amount requested for a naming opportunity varies according to the facility, the minimum amount has ranged from $25,000 to $50,000 for a normal classroom or smaller meeting room, or $100,000 to $250,000 for larger rooms, major gathering areas, and entries. The requested gift level to name a Center is $500,000 to $1 million. For a building, the donation level speciﬁed is $1-2 million. It is expected that each naming opportunity will recognize the donor according to the level of gift and size of facility.

Furnishings and Equipment

Furniture and Equipment for technical programs, computer laboratories, and allied health clinical classrooms are critical in UA Northark’s efforts to provide state-of-the-art preparation for our students. Philanthropic gifts to the Foundation help ensure the latest equipment and technology are available for these programs. Naming opportunities are offered for classrooms and laboratories in return for donations used to furnish and-or equip these facilities. Normally, a lab or classroom is named for the period of time a gift or series of gifts supplies equipment or technology for the facility. For example, a $100,000 donation, paid over time, names a computer lab for 10 years. Gifts to endow funding for equipment or technology offer donors permanent naming opportunities and must be sufﬁcient for income generated to maintain the furnishings and equipment. For example, the requested endowment level for a computer laboratory is $250,000.

Other Restricted Funds

Other Restricted Funds are available in a variety of areas. The Foundation accepts gifts in support of any program or service offered by UA Northark.

Unrestricted Gifts

Unrestricted Gifts are especially important. Donations without restrictions enable the Foundation’s Board of Directors to consider funding requests from UA Northark’s administration and faculty as needs arise at the College.

Important Info

The UA Northark Foundation, Inc. provides the margin of excellence for UA Northark and its students by seeking private charitable support. Tax-deductible contributions offer vital funding in areas that impact student learning, access to higher education, and the quality of Northark’s programs and services.

The purpose of this brochure is to list some of the ways major gifts, including bequests and other planned gifts, may be designated to the UA Northark Foundation, Inc., in support of student learning at UA Northark.

Thank you for your consideration of the UA Northark Foundation. Your gift affects our students' lives.

UA Northark Foundation, Inc.

The Internal Revenue Service has classiﬁed the UA Northark Foundation, Inc., (Federal Tax Identiﬁcatin Number 71-0486926)

as tax exempt under Section 501(c)(3) of the Internal Revenue Service Code.

Contact Info

Dr. Rodney Arnold | Vice President for Institutional Advancement

870-391-3229

rodney.arnold@northark.edu