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September 30, 2004

“Spare Change” For Some Is Millions Of Dollars

FROM THE LARGESSE OF WELL-TO-DO BENEFACTORS will come an ambitious—but doable--seven-year campaign to raise $2.5-billion for New York University. This is one of the largest such efforts in higher education. The institution is also poised to hire 125 more faculty members.

In order to reach its goal, the university needs to bring in $1-million a day by 2008.

Said NYU President John Sexton, "I have no doubt that we can raise that kind of money."

Other than NYU, the 21 American universities seeking to raise at least $1-billion are as follows:

University of California at Los Angeles, $2.58-billion as of July 31; goal was $2.4-billion by 2005.

Massachusetts Institute of Technology, $1.94-billion as of July 31; the goal is $2-billion by 2004.

University of Texas at Austin, $1.59-billion as of July 31; goal was $1-billion by 2004.

Washington University in St. Louis, $1.55-billion as of June 30; goal was $1.3-billion by 2004.

Johns Hopkins University, $1.45-billion as of July 31; goal: $2-billion by 2007.

University of California at San Francisco, $1.4-billion as of July 31; goal is $1.4-billion by 2005.

University of North Carolina at Chapel Hill, $1.28-billion as of July 31; goal is $1.8-billion by 2007.

University of Michigan, $1.28-billion as of May 15; goal is $2.5-billion by 2008.

University of Wisconsin at Madison, $1.23-billion as of July 31; goal is $1.5-billion by 2007.

University of Arizona, $1.08-billion as of July 31; goal: $1-billion by 2005.

University of Chicago, $1.08-billion as of July 31; goal is $2-billion by 2006.

Vanderbilt University, $969-million as of July 31; the goal is $1.25-billion by 2005.

Stanford University, $968-million as of July 31; goal is $1-billion by 2005.

California Institute of Technology, $962-million as of July 31; goal: $1.4-billion by 2007.

Purdue University, $958-million as of July 31; goal is $1.3-billion by 2007.

Michigan State University, $856-million as of July 31; goal: $1.2-billion by 2007.

Texas A&M; University at College Station, $819-million as of July 31; goal is $1-billion by 2006.

University of Iowa, $751-million as of July 31; goal: $1-billion by 2005.

University of Pittsburgh, $708-million as of July 28; goal is $1-billion by 2007.

University of Miami, $638-million as of July 31; goal is $1-billion by 2007.

University of California at San Diego, $619-million as of July 31; goal is $1-billion by 2007.


More later . . . .

(this 395 word excerpt—with attendant commentary—was distilled from a 449 word article from the Chronicle of Higher Education of 9-28-04 and a 634 word article in the Chronicle of Higher Education of 9-21-04)