University | 10:56 pm | February 12, 2012 | By Tapley Stephenson

$tanford fundraising totals top Yale Tomorrow

Leland Stanford Junior University raked up some major cash in its last fundraising drive.
Leland Stanford Junior University raked up some major cash in its last fundraising drive. Photo by Wikimedia Commons.

Yale celebrated its $3.88 billion Yale Tomorrow campaign this September, turning the campus blue in recognition of a record-breaking campaign during one of the worst economic recessions in U.S. history.

But Stanford University upstaged Yale Wednesday, announcing that the five-year Stanford Challenge campaign, which ended Dec. 31, 2011, had raised $6.2 billion. According to a press release from the university, 166,000 donors made 560,000 gifts to surpass Stanford’s original goal of $4.3 billion.

“The response from the extended Stanford family was tremendous. This was a community joining together for something they believe in,” Stanford President John Hennessy said.

Thanks to the money, the university will be able to endow 130 new professorships, build or renovate 38 buildings and pour $250 million into undergraduate financial aid.

Comments