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September 02, 2016

Record-Setting Harvard Campaign Passes $7 Billion Mark

Harvard University announced Thursday that has raised more than $7 billion in its current fundraising drive, surpassing both its goal and the previous high-water mark for a collegiate capital campaign, campus newspaper The Harvard Crimson writes.

The university still has nearly two years to go in the campaign, which was publicly launched three years ago with a $6.5 billion target. It had not issued an official progress report on the effort since October 2015, but the Crimson, citing unnamed donors, reported in April that Harvard had already reached the goal.

The money is earmarked for several efforts, including expanded financial aid and a new engineering campus. The previous university fundraising record was set by Stanford’s successful $6.2 billion campaign, which ended in late 2011.

Read a Chronicle of Philanthropy feature about outgoing Stanford President John Hennessy and his fundraising prowess.