Harvard’s Blazes Fund Raising Trail; Crosses $6 Billion Mark

by Benson Agoha | Fund Raising

Harvard’s Capital Campaign Crosses $6 (£3.4bn) Billion Mark

* Harvard University President Drew G. Faust welcomes Gerald L. Chan
 on stage with an embrace at the unveiling of his foundation’s $350 million
 gift to the Harvard School of Public Health in September 2014.
(Credit: Crimson).

Harvard University's Capital Campaign, has raised more than $6 (£3.4) billion of its $6.5 (£4.2) billion target.

Today, Crimson, reports Friday that Harvard raised more than $6 billion in gifts and pledges in its capital campaign. The email, was addressed to Faculty of Arts and Sciences campaign steering committee members that the Crimson obtained yesterday.

The Faculty of Arts and Siencies’s campaign has also nearly reached its $2.5 billion goal, having raised a total of $2.2 billion, crimson said.

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Harvard's Old boys have been breaking records, with successive donations to their alma matter, year-after-year.

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* More US Students Ask For Financial Aid As Harvard College Experience Decline In Student Applications 
* `Old Boy' Kenneth C. Griffin Makes History At Harvard With $150 Million Donation

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In February 2014, the Crimson reported that more Harvard students were asking for financial support, withd 22.7% of applicants requesting for application-fee waiver, 6.3% more than 2013, and 10.3% more than the number of requests in 2010.

Weeks after the announcement, old boy Kenneth C Griffin. a billionaire hedge fund manager donated $150 million to Harvard and directed that at least $125 million of the gift should be used to support financial aid at the College.

Later in September 2014, another old boy Gerald L. Chan donated $350m to Harvards School of Public Health, having previously acquired property within the institution. The school of Public Health was later renamed after him.

The Crimson said Friday that despite the progress ahead of schedule, University President Drew G. Faust said last week that officials have no current plans to raise the campaign’s goal.

However, if reach, the target of $6.5 billion would be a higher education record.

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