UA-Fayetteville endowment grows to $920 million
LITTLE ROCK, Ark. (AP) - The endowment supporting the University of Arkansas at Fayetteville has grown to $920.6 million.The Arkansas Democrat-Gazette reports (http://bit.ly/1BSo36U ) that is a record amount for the university and the first year the endowment has surpassed its pre-recession total.The endowment reached $876.8 million at the close of fiscal 2007, seemingly on its way to reaching $1 billion by 2010, a goal set in 2004 by then-Chancellor John White. But the Great Recession and a tumbling stock market led to the endowment value falling to $612.2 million at the end of fiscal 2009.The University of Arkansas Foundation manages the investment portfolio for the endowment, which supports the Fayetteville campus but not other UA System universities. A key source of funding support, the endowment serves as the university's permanent savings fund.