Good news bears! The University expects to raise its original goal, announced in September 2006, of $4 billion nearly a year ahead of schedule. The $4 billion plan was the largest fundraising effort in the history of higher education.
But we can’t stop, won’t stop: the University hopes to raise a total of $5 billion by December 2013. Ca$h money will be roughly distributed to: enhance financial aid ($100 million to CC, $43 million to SEAS), $100 million to faculty support, $300 million to Manhattanville, the new Baker, and the Medical Center, increased funding for global programs associated with SIPA, Architecture, Planning and Preservation and the Earth Institute. Phew!
Let’s take a look back at some of the bonkers donations of the last few years: $400 million from the late John Kluge, $250 million from the late Dawn Greene, $100 million from Henry Kravis, $50 million from Roy and Diana Vagelos.
So, uh, donate to the Senior Fund!