FAYETTEVILLE, Ark. (AP) - The University of Arkansas has announced the start of a fundraising campaign that officials hope will raise $1 billion.
The university said in a news release that the money raised by Campaign Arkansas would be used to support academics, including scholarships and fellowships, endowed chairs, interdisciplinary academic programs and capital projects that include renovation of existing facilities.
UA Chancellor Joe Steinmetz said that without increases in state funding, private fundraising is needed to support the programs and projects.
UA System Board of Trustees Chairman Reynie Rutledge will chair the Campaign Arkansas Steering Committee.