Couple gives $50,000 for UA scholarships

FAYETTEVILLE — A Fayetteville couple gave $50,000 to the University of Arkansas, Fayetteville, the university announced.

The Ken and Liz Allen Scholarship Fund will help students who are Arkansas residents, supporting a university initiative known as Advance Arkansas, which creates scholarship endowments for in-state students.

The Allen fund will help students “who demonstrate financial need and the academic potential for success” in UA’s Sam M. Walton College of Business, with the award then available throughout their undergraduate studies, regardless of academic major, according to UA’s announcement.

“Ken and Liz Allen continue to be key supporters of the university with this generous gift to help Arkansas students who are interested in being a part of the future of business in our state,” Matt Waller, dean of the UA business college, said in a statement.

Ken and Liz Allen met at UA and earned bachelor’s degrees in 1980.

“Most of the good things in our lives started at the university,” Liz Allen said in a statement.