University of Arkansas Fort Smith
University of Arkansas - Fort Smith Foundation, Inc.
AdVances
The Newsletter of the University of Arkansas - Fort Smith Foundation | November 2011 | Vol. 3 - No. 3
INTERNATIONAL PERSPECTIVE
Thanks to an endowed professorship, international business scholar Dr. Balbir Bhasin now calls UAFS home.
“It was a big deal; it made a big difference,” says Dr. Balbir Bhasin of the Ross Pendergraft Endowed Professorship that helped bring him to the University of Arkansas – Fort Smith this fall to teach international business and, ultimately, to develop an international business program. “It not only pays a portion of my salary, but it also helps fund my research, most of which takes place internationally.” That research—on subjects like international trade and investment, cross-cultural variances, global entrepreneurship, and doing business in emerging markets—has been published in top-level scholarly journals and presented at gatherings of organizations like the Academy of International Business and the Society for Global Business and Economic Development. Bhasin, who is known for his practical, real-world teaching style, has already worked with Neal Pendergraft—son of the late Ross Pendergraft, in whose honor Bhasin’s professorship is named, and a member of the UAFS Foundation board—to bring two top Procter & Gamble executives to campus to speak to UAFS business students. And Bhasin has plans to bring in even more business leaders from around the world. “They’ll know about us,” he says, “and we’ll learn about the rest of the world.” In addition to developing new courses—International Management this fall, then
Cross Cultural Relations in the spring and next fall a new core course called Introduction to International Business—and working toward an international business major, Bhasin is also charged with simply providing the college and the university with a broader international perspective. It’s an ideal role for someone who has lived and worked in 12 countries and speaks six languages, including Chinese, Indonesian/Malay, and Urdu. Competition is keen today for truly exceptional teacher-scholars like Dr. Bhasin, and endowed chairs and professorships can make a crucial difference. Thanks to a gift made in 2005 by Donnie D. Pendergraft, Ross Pendergraft’s wife, the university’s College of Business has been able to hire not only Bhasin, but also Dr. Amelia Baldwin, another outstanding teacher-scholar who holds the Neal Pendergraft Endowed Professorship of Accounting. “The Pendergraft gift,” says Dr. Steve Williams, dean of the College of Business, “has allowed the College of Business to recruit high-caliber faculty who might not otherwise come to the University of Arkansas – Fort Smith. Endowed faculty like Dr. Bhasin in international business and Dr. Baldwin in accounting not only provide an enhancement to the standing of UAFS, they also serve as role models, mentors, and excellent teachers.”
C a m pa i g n I n t e n s i f i e s i n F i n a l M o n t h s
For fiscal year 2008, the last for which complete economic information is available, UAFS had a total economic impact on Greater Fort Smith of $169,000,000. Of that, Neal Pendergraft was recently named to chair the final phase of the Giving Opportunity campaign. “It was time to bring new energy to the campaign,” says Foundation Executive Director Dr. Marta Loyd. “We have a one-time opportunity to become a premier regional university, and we can’t do it without private support.”
$93,000,000 was direct impact, or the sum of all expenditures associated with UAFS;
$29,200,000 was indirect impact,
the additional business spending to support the initial expenditure;
and $46,800,000 was induced impact, the additional expenditures resulting from the incomes created by the direct impact. As a result of all spending related to UAFS, an additional $4,315,000 was generated in state and local tax revenue, as well as $5,198,000 in federal taxes.
8th
5210 Grand Avenue • Fort Smith, AR 72903 uafs.edu
In its final stretch, the UAFS Foundation’s $50 million Giving Opportunity campaign has taken on a new energy, thanks to an idea by original campaign co-chairs Bill Hanna, Bob Miller, Neal Pendergraft, Robert Young, and the late Sam M. Sicard. Early in the summer of 2011, about the time the campaign total hit $40 million, the co-chairs realized that their momentum was beginning to wane. So they made two key decisions. First, to mirror the sense of urgency felt by the University to secure funding so that administrators can plan and grow the institution, they publicly set an ambitious goal of finishing the campaign by December 31, 2011. Second, to direct the intense effort that would be required to meet that goal, they created a new leadership structure, composed of a single chair, Pendergraft, and six co-captains, Doug Babb, Jimmy Bell, Gina Clark, Lawson Hembree, Bill Hanna, and Chris Whitt. Each co-captain leads a team of three to five members— some Foundation Board members and some not, but all chosen for his or her energy, talent, and dedication.
B y t h e N u m b e r s : UAFS ’ s Eco n o m i c I m pa c t
UAFS is also the largest employer in the Fort Smith region with nearly
1,000
employees.