ARLINGTON - The University
of Texas at Arlington has set new records in annual philanthropic support, a reflection
of the University’s renewed focus on private giving as a means of accelerating
its progress toward becoming a major national research university. The University
generated an unprecedented $15.2 million in gifts and pledges in the 2009-2010
fiscal year ending Aug. 31, up from $5.9 million the previous year.
The record year
includes numerous milestones in the University’s maturing development program,
including the largest cash gift in the University’s history. The $5 million
gift from Houston-based Carrizo Oil & Gas Inc. of Houston will support
College Park Center, which is currently under construction.
President James D. Spaniolo credited alumni, individual and corporate donors
for strengthening the University’s philanthropy portfolio.
universities, and great state universities more than ever, depend on the
support of generous alumni and friends to enhance their academic and research
profiles,” Spaniolo said. “UT Arlington’s star is rising in direct relation to
increasing private support from our partners.”
total endowment now stands at more than $68 million, having recovered value
lost during the 2008 market downturn and having been augmented with
significant, new contributions.
A unique aspect
of UT Arlington’s philanthropy program is The Maverick Match, which
is designed to match new endowments with royalties generated by the
University’s natural gas royalties. The program leverages, dollar-for-dollar, gifts
of $25,000 or more paid out over five years.
“A strong endowment undergirds strong academic
programs and provides long-term financial stability for universities,” said Jim
Lewis, vice president for development. “These endowed gifts are building
momentum and provide that margin of excellence.”
Lewis added that the FY 2010 results place UT
Arlington in a solid position to begin planning for a major fundraising
campaign. He credits the 43-member Development Board chaired
by Ralph Hawkins, chief executive officer of HKS Inc., with playing a major
role in helping the University gain traction in its philanthropy efforts.
new endowments valued at a combined $3.6 million, up from 45 valued at $1.3
million the previous year.
new Maverick Match commitments valued at $4.5 million, up from 43 valued at
$1.5 million the previous year.
donors, up from about 5,000 the previous year.
of a planned giving program for individuals who include the University in their
The University of Texas at Arlington is a
comprehensive research university in the heart of North Texas with nearly 33,000
undergraduate and graduate students. Visit www.uta.edu to learn more.
To become a UT Arlington supporter,
contact the Office of Development at 817-272-2584
or visit www.uta.edu/giving/.
The University of Texas at Arlington is an Equal Opportunity and Affirmative Action employer.