Peterson family trust gives $6 million to UA Monticello | Arkansas Blog

Friday, September 7, 2018

Peterson family trust gives $6 million to UA Monticello

Posted By on Fri, Sep 7, 2018 at 10:43 AM

The University of Arkansas-Monticello announced today its largest gift, about $6 million from the trust of the late Merle and Deloris Peterson of Dumas.

Chancellor Karen Hughes announced the gift and said it would be in excess of $6 million after property appraisals are completed.

"This is a wonderful gesture from two people who always held this university in high regard," Hughes said. "We will make sure their gift goes toward something at UAM that will continue the Petersons’ legacy of supporting education in southeast Arkansas for generations to come. The university will carefully weigh our options with regard to how we use these funds.”
Merle Peterson died in 2004 and Deloris Peterson died in 2018 at age 100. They had farming properties, a Ford dealership and established a bank that was acquired by Simmons. When she died in February, the obituary notice said she had continued to work at her office through age 97 managing Peterson Enterprises. The obituary said her support of the Delta community would continue as her wealth would be passed on to philanthropic organizations.

The couple supported scholarships in the past at UAM, among many other philanthropic works.  She and her husband helped to develop the Dumas Assisted Living Facility and were major supporters of the Delta Area Community Foundation, Delta Memorial Hospital, the Desha County Museum and the First United Methodist Church. They had no children.

Tags: , , ,



Showing 1-1 of 1

Add a comment

Subscribe to this thread:
Showing 1-1 of 1

Add a comment

More by Max Brantley

Readers also liked…

  • Sabin's subterfuge in the race for mayor has roots in rigged city government

    The Arkansas Democrat-Gazette reports that an ethics complaint has been filed saying that the exploratory committee Rep. Warwick Sabin created to prepare for a run for Little Rock mayor was a subterfuge to avoid the city ordinance that doesn't allow campaign fundraising to begin until five months before the November 2018 election.Of course it is.
    • Aug 10, 2017
  • Use of solar on the rise in Arkansas

    With a pivotal ruling expected any day now from the Public Service Commission, Kyle Massey at Arkansas Business reports on the increase in Arkansans adding solar generation units on their homes and business.
    • Apr 13, 2018
  • Antwan Phillips wants to make a difference in reducing Little Rock violence

    KARK/Fox 16's push to do something about Little Rock violence includes a spotlight on people trying to make a difference — in this episode Antwan Phillips, a lawyer at Wright, Lindsey and Jennings.
    • Aug 30, 2017


Most Recent Comments


© 2019 Arkansas Times | 201 East Markham, Suite 200, Little Rock, AR 72201
Powered by Foundation