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About the Reynolds Center
The Donald W. Reynolds Center for Enterprise Development, located adjacent to the existing business building on the University of Arkansas campus, was dedicated in February 1999. This state-of-the-art 41,000-square-foot building was funded with a gift from the Donald W. Reynolds foundation. The center is devoted to the Sam M. Walton College of Business's commitment to serving Arkansas and the world.
Each year programs housed in the Reynolds Center serve more than 8,500 students, members of the university community, and state and regional constituents. Outreach programs housed in the center include: the Center for Management and Executive Education, which is the administrative department for the Reynolds Center; the Center for Business and Economic Research; the Bessie B. Moore Center for Economic Education; and the Small Business Development Center.
In addition, through cutting-edge technology, the Reynolds Center enables the Walton College to deliver programs throughout the state and region through distance education. Other features available for special events, distance learning, and outreach program training include a 300-seat auditorium, technology-mediated learning classrooms, seminar rooms, multi-purpose areas, and a multimedia training classroom.
Donald W. Reynolds
Donald W. Reynolds was among the first to recognize the value of growth potential of communications companies in small- to medium-sized markets. The son of a door-to-door salesman, Reynolds was truly a pioneer in the American communications industry.
His career began at the tender age of 10, pocketing a half-cent for each newspaper he sold on the street in Oklahoma City. Beginning as an entrepreneur at the 21 and purchasing his first newspapers in 1940, Reynolds would spend the rest of his life reporting the news and pursuing media properties.
Reynolds created the Donald W. Reynolds Foundation in 1954 to provide grants to non-profit civic, charitable, cultural, educational and health organizations. After his death, the foundation received from his estate a substantial bequest which positions it as one of the largest independent foundations in the nation. Focus of the capital grants program has been narrowed to three states in which Mr. Reynolds had the greatest interest: Arkansas, Nevada and Oklahoma.
Endowment Donors
As part of the grant agreement, the Donald W. Reynolds Foundation required the University of Arkansas to provide an endowment for the perpetual maintenance of this building. The earnings from the endowment are used for capital improvements and maintaining cutting-edge technology. These additional funds, equaling 20 percent of the grant, were required to be committed before the center was opened in December of 1998. The following donors generously contributed to the endowment, totaling $1.5 million:
- Economic Development of Arkansas Fund Commission
- Prairie Grove Telephone Company
- Simmons First National Bank
- Southwestern Energy Company
- John Titus
- The Walton Family Charitable Support Foundation, Inc.
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