Endowments - University of Arkansas at Pine Bluff

The scholarships listed in this brochure are among the ones
established through donations to the UAPB Foundation Fund
and are endowed at $50,000 or more.
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

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Agriculture Scholarship/SJ Parker
Century Tube Endowment
Dr. Charles Hicks Endowment
Charles & Nadine Baum Scholarship
*Dr. Diane Gilleland – Dream Makers & Band &
Choir Scholarship Fund
*Dorothy Magett Fiddmont
New Millennium Leaders Endowed
Scholarship
Erma Washington,
M.D. and James Campbell, M.D.
SPECIAL REPORT
- Erma Jean Biem-Aime & John Edgar Washington
Scholarships
 Fred & Archie
(Hill)
AUGUST
2008Harris Scholarship
The Office Of University
Relations
and Development
Hartfield
Endowed
Scholarship Fund

Happenings
HISTORY MAKING EVENT
First Individual Alumnus
Donates $100,000 to University
of Arkansas at Pine Bluff
Like many of his former classmates, John E.
*John
E. Smith Endowed Fund
Smith returns home to Pine Bluff to visit his alma
mater and reunite with old friends, but the one
thing that sets him apart from other alumni is his
recent donation of $100,000 of his own personal
resources to UAPB, making him the first alumnus
in the school’s history to make a contribution of
that magnitude.
University of Arkansas at Pine Bluff
Endowments
When asked what compelled him to make such
a large donation, Smith described his experiences
attendingScholarship
the university, then knownFund
as
 John N.while
Stern
AM&N.
 Dr. King“Growing
David
Brown
Scholarship
up, the campus was literally my front
yard,” described Smith. “ I grew up in Pine Bluff,
 Raymond
Miller,
Endowment
my parents
met and fellSr.
in love
on that campus,
John E. Smith, ‘61
and when I was 8 or 9 years old, my mom re R.C. Childress
Scholarship
entered college and began taking classes to
The Office of University Relations and
complete her graduation requirements.” Smith
Development recently sat down
reminisced
about growing
up in Pine Bluff with
 for a candid
Dr. Rufus
Caine
Endowment
close friend Lawrence Davis, Jr., the university’s
look into the life of John E. Smith, the UAPB’s
current Chancellor.
He describedScholarship
life as an
first individual alumni donorto gift the
Tom Joyner
Endowed
Fund
incoming freshman, who had the privilege of
University with $100,000 of his own personal
already knowing the ropes when it came to college
resources. Smith describes his
 experiences
Trinity Foundation
Aquaculture
&
Fisheries
Endowment
life because he spent so much time in his youth
growing up on what was then AM&N’s campus
roaming the hallways. “I remember one time,”
and reflects on the impact his
experiences
Wiley A.
Branton
Scholarship
chuckled Smith, “I borrowed my step father’s golf
have had in shaping his life over the years.
Dr. Lawrence A. Davis Jr., Chancellor
Dr. Margaret J. Martin-Hall, Director
Adora Curry, Editor
An Investment in the Future
Printed by UAPB Printing Services
stated herein; however, the entire amount should be paid within
a three year period unless other arrangements have been agreed
upon.
What is the Spending Policy?
Dr. Freddie and Verna Hartfield Endowment Scholarship
What is an Endowment?
An endowment is a perpetual fund that generates income for
current and future needs of the University of Arkansas at Pine
Bluff (UAPB). These funds are held in trust with annual income
expended according to guidelines agreed to by the donors.
In general, a portion of the annual income is reinvested to continue
building the endowment, thus ensuring the viability for the future.
The remaining portion is expended directly for the purposes
designated by the donor. The principal remains untouched.
How are the Funds invested/managed?
Funds received through the UAPB Foundation Fund, along with the
other schools in the University of Arkansas System, are deposited
with the University of Arkansas Foundation, Incorporated. This
gives UAPB an advantage of being a part of a large pool of funds
that will yield a better return than if it stood alone. Foundation
funds are invested by reputable money managers that are selected
by the Board of Directors of the University of Arkansas Foundation,
Inc. The Board includes two representatives from each campus.
What are the Requirements for an Endowment?
The following minimum amounts are required for endowments:
Award
$ 5,000
Scholarship
$ 25,000
Lectureship
$ 250,000
Named Professorship
$ 1,000,000
Named Chair
$ 1,500,000
An endowment may be established with an amount less than that
The current spending policy of the foundation is to spend
approximately 4.5% of the fair market value of the endowment
calculated on a three year rolling average. The excess over the 4.5%
is retained in the investment pool to guard against years when
there may be earnings less than 4.5%. The amount retained also
guards the endowment principal against erosion by inflation and
allows spending to keep up with inflation since the 4.5% is applied
to the increasing market value of the endowment. The money
available for spending is reported quarterly and is usually shown
in a separate interest account associated with the endowment
principal account.
How is the Criteria Established?
In cooperation with University officials, the donor outlines
minimum criteria for awarding of the funds. These guidelines
must comply with the mission and goals of the University. The
University of Arkansas Foundation, Inc. reviews the criteria and
presents a resolution to its board for acceptance. The University is
then responsible for honoring those guidelines.
How Should the Check be Made Out?
All checks for donations to UAPB should be made payable to the
UAPB Foundation Fund and mailed to:
UAPB Foundation Fund
c/o Office of Development/University Relations
University of Arkansas at Pine Bluff
1200 North University Drive, Mail Slot 4981
Pine Bluff, AR 71601
For additional ways to set-up endowments using stock or other
means, please contact the Office of University Relations &
Development, 870 575 8701, [email protected]
___________________________________________________________
(NAME OF SCHOLARSHIP)
It is the expressed desire of (NAME[S] OF INDIVIDUALS SETTING UP
SCHOLARSHIP), donors, to sponsor and provide for the establishment of an
endowed scholarship at the University of Arkansas at Pine Bluff, in (memory or
honor) of the (NAME) Scholarship.
1. Name
The name of the endowed scholarship fund shall be known as the (NAME OF
SCHOLARSHIP)
2. Funding
For purposes of establishing this endowment, donor shall contribute the sum of
(AMOUNT CONTRIBUTED) to The University of Arkansas Foundation, Inc.
according to the following schedule: (OUTLINE METHOD/SCHEDULE OF
PAYMENTS/DONATIONS). The foundation shall manage the fund under the
guidelines established and reviewed annually by the Board of Directors of the
Foundation and the Board of Trustees of the University of Arkansas.
In consideration of the reliance of The University of Arkansas Foundation, Inc.
and the University of Arkansas on donor’s pledge herein in establishing and
announcing the (NAME OF SCHOLARSHIP), and undertaking expenditures
and commitments to establish the endowment and other considerations, donor
agrees individually and for his estate, executors and heirs to be legally bound to
fully perform the terms of his pledge herein.
3. Purpose
The purpose of the (NAME OF SCHOLARSHIP) shall be to provide
scholarships to encourage and assist students to pursue a college education in
the (AREA/DEPARTMENT OF RESTRICTION IF ANY) at the University of
Arkansas at Pine Bluff.
4. Administration
The (NAME OF SCHOLARSHIP) shall be classified as a one-year nonrenewable
scholarship. The selection of the recipients shall be the responsibility of the
University of Arkansas at Pine Bluff, in accordance with the following criteria:
(REQUIREMENTS FOR RECEIVING/QUALIFYING FOR SCHOLARSHIP).
5. Standard Terms and Conditions
This Gift Agreement shall further be subject to the Standard Terms and
Conditions of Endowments appearing as Article V in Board Policy 470.2
approved by resolution of the Board of Trustees of the University of Arkansas at
Pine Bluff, which are incorporated by reference.
6. Acceptance
The foregoing terms and conditions shall be effective only upon agreement
and proper execution thereof by the donor, the Chancellor, the Director of
University Relations & Development, and acceptance by The University of
Arkansas Foundation, Inc. and the University of Arkansas Board of Trustees.
Signatories to this agreement understand that the investment of this fund shall
be managed by The University of Arkansas Foundation, Inc. under the terms
described herein, and that the disbursement of income is to be administered
by the Office of University Relations and Development at the University of
Arkansas at Pine Bluff.
Agreed to by the Donors:
____________________________________________________
(DONOR[S] NAME[S])
Date