Southern Arkansas University Foundation announces endowment
MAGNOLIA—-The SAU and the SAU Foundation now states that the market value is over $22 million. Shown is Dr. David Rankin receiving a check representing a large portion of the earnings in the amount $664,9196
A lion’s share goes to scholarships with $300,000. With the remaining funding, goes towards professorships athletics, lectureships, and support to various departments said Art Horne, SAU’s director of development.
In additional $100,000 from the earnings has been allocated to university projects on an action by the SAU board of governors. This decision was made by the board members at their annual meeting this July.
