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Arkansas State University receives $5 million gift

Arkansas State University has received its largest endowment in school history, a $5 million estate gift from an alumnus.

JONESBORO, Ark. (AP) — Arkansas State University has received its largest endowment in school history, a $5 million estate gift from an alumnus.

Arkansas State chancellor Tim Hudson on Wednesday announced the gift from F. O'Neil Griffin, which will go toward the Griffin Scholars Endowment Fund.

Griffin graduated in 1948 from Arkansas State with a bachelor of science degree in business administration. He has been the chief executive officer of two corporations and has worked in professional accounting, banking and investment banking.

Griffin said he was the first member on both sides of his family to attend college and said his education has allowed him to pursue the American Dream.

Students must be permanent residents of Arkansas or reside in 20 counties in neighboring Missouri to qualify for the program.


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