Uncategorized | 10:05 pm | August 4, 2010 | By Vivian Yee

Yale Tomorrow: Only half a billion to go!

Five years after launching the fundraising campaign known as Yale Tomorrow, the University has reached its fundraising goal — that is, the original one.

Vice President for Development Inge Reichenbach and University President Richard Levin announced the campaign in September 2006 with an initial goal of $3 billion, but later boosted it to $3.5 billion to help pay for construction projects.

Now, with less than a year to meet its fundraising goal of $3.5 billion, Yale Tomorrow hit the $3 billion mark in June and now stands at $3.026 billion, Reichenbach said Friday.

Most of those renovations and new buildings — including two new residential colleges — were delayed in the wake of the endowment’s 24.6 percent plunge. University officials have said they hope to pay for several projects entirely with donations.

The campaign is ahead of schedule, Reichenbach said. But in the last year of the campaign, the Office of Development will step up its efforts, she told the News in late April, not only counting on an economic recovery but also reminding donors they have just a year left to contribute to Yale Tomorrow.

Comments