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   The Arkansas State University Foundation, Inc., is a non-profit corporation duly chartered by the state of Arkansas in 1977 to operate for the benefit of the Arkansas State University System and its related entities.

   Its primary purpose is to receive, solicit, accept, hold and administer private gifts in support of educational programs associated with Arkansas State University.

   The ASU Foundation is recognized by the United States Internal Revenue Service as a 501(c)3 non-profit organization, and is exempt from federal income tax.

Staff

    Click here to access the staff page.

Board of Directors

   The ASU Foundation is governed by a 37-member board of directors, which has the authority to exercise or delegate all of its powers and rights except to the extent limited by law. Of the board members, 33 serve in an "at-large" position, elected on a rotating basis that carry three-year terms. In addition, the immediate past chair, the chair and the vice chair of the board, as well as a member of the Trustees Emeriti, serve as voting members of the board. The president of Arkansas State University serves as an ex-officio, non-voting member. For a complete list of the ASU Foundation, Inc., Board of Directors, click here.

Giving to Arkansas State University

   Individuals and organizations that contribute to the ASU Foundation, Inc., actively invest in the mission, purpose, plans and programs of Arkansas State University. Private support helps ensure that ASU students have the opportunity to experience personal growth and academic success.

   Gift to the foundation qualify as tax deductible charitable donations as defined by the IRS. The ASU Foundation accepts gifts of cash, securities, tangible personal property,  intangible assets and real property. To make an online gift via secure connection, click here.

Policies

   To view the Arkansas State University Foundation Policy Manual, click here.

Forms

   To access forms to be completed for submission to the ASU Foundation, Inc., click here.

Financial Data

   According to audited financial statements, foundation net assets totaled $38.3 million at June 30, 2006. This total represents an increase of 14.9 percent over the previous fiscal year. Since 2000, foundation net assets have grown from $20.4 million to $38.3 million, representing a total increase of 88 percent, and an average yearly increase for that period of 12.27 percent.

   In the last fiscal year, the foundation provided more than $4.7 million in support of programs at Arkansas State University.

Endowments

   The largest component of the foundation's asset base is endowment scholarships and programs. At June 30, 2006, endowment accounts totaled $28.4 million. In addition to its own endowment funds, the foundation holds and manages all endowment pool assets for Arkansas State University and its related entities. The combined market value of the ASU endowment pool at June 30, 2006, was $33.1 million. The University Committee on Joint Investments, a body consisting of representatives from the ASU Foundation, ASU proper, the ASU Alumni Association and the ASU Indian Club, are responsible for developing and approving investment and spending policies. This group is also charged with due diligence responsibilities pertaining to endowment pool money managers.

   True endowment funds are designed to exist in perpetuity to provide support for the life of the institution. Consequently, endowment funds are invested with a moderately aggressive long-term focus that employs a diversified portfolio consisting of domestic and international equities, bonds and fixed income vehicles, and alternative assets.

   Endowment accounts are subject to an annual spending limit of 4.5 percent of a five-year rolling average market value as measured at the calendar year end. The combination of a long-term investment strategy with limited spending ensures the growth of endowment principal while providing additional funds each year for much needed scholarships, research, faculty development and other academic activities. The minimum amount required to establish an endowment account is $10,000.

The Arkansas State University Foundation, Inc.
P.O. Box 1990, State University AR 72467-1990
(870) 972-2972   fax (870) 972-3069