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Jim Smalley

Jim Smalley

Jim Smalley '76, of Fayetteville, made A-State the beneficiary of one of his retirement savings funds to create scholarships for students graduating from Jessieville High School, in Garland County, and Corning High School, in Clay County. The scholarships will be given in the name of Smalley's late son, Beau Smalley, and the donor. Beau was a graduate of Jessieville High, while Jim is a Corning High graduate.

Jim feels this is the best way to reflect Beau's desire to help people. He explains, "When someone you love becomes a memory, the memory becomes a treasure. While many things have been forgotten since Beau left us, this endowment ensures Beau will never be one of the forgotten. This endowment will let people know Beau lived and that is a great gift."

As a student at Arkansas State, Jim Smalley was active in the campus chapter of Sigma Phi Epsilon fraternity. His campus experiences and classroom preparation helped him prepare for a very successful business career, retiring as owner and president of Union Capitol Finance Corp. "One of the many interests I shared with my son was a deep commitment to the importance of a good education," he said. It is projected that the fund will grow to almost $8 million by the year 2040, generating an endowment income sufficient to support approximately 25 scholarship awards per year.