Arkansas reported a total of $39.2 million in gifts received by the Razorback Foundation during the fiscal year that ended in June 2015. The 12-month total is an increase of $11.2 million compared to the previous fiscal year, according to The Arkansas Democrat Gazette’s Jaime Adame.
The Razorback Foundation accepts donations in support of all Arkansas athletics. A major reason for that significant increase can be attributed to Arkansas alum and Dallas Cowboys owner Jerry Jones and his wife, Gene, who donated a 256-acre land gift worth $8.7 million in Fayetteville, Ark., according to Adame.
The foundation also reported $33.6 million in expenses during the previous fiscal year, $28.1 million of which went toward funding athletic scholarships, facilities, construction and renovation, according to Adame. The foundation listed final assets of $52.1 million, which was more than about $6.8 million compared to last year.
Some of that money could go toward a proposed renovation of Donald W. Reynolds Razorback Stadium. The $160 million project would expand the stadium from 72,000 seats to 76,000 seats in an effort to offer more premium seating, according to Adame.
Some Arkansas personnel and also received compensation from the Razorback Foundation. Former Arkansas football coach and athletic director Frank Broyles received approximately $3.5 million in compensation for speaking engagements, football coach Bret Bielema earned $350,000 and basketball coach Mike Anderson was paid $200,000 for speaking engagements, according to Adame.
Former hoops coach John Pelphrey also received more than $136,000 as part of a buyout agreement stemming from 2011, according to Adame.