Texas A&M University announced a $4 billion capital campaign Thursday, the second-largest drive launched by a U.S. public institution of higher education, the Houston Chronicle reports. University officials said Texas A&M has already drawn $1.9 billion in a quiet phase of the campaign.
University President Michael Young said the campaign, which will run until 2020, is aimed at outfitting the university with resources to help solve "real world" problems. Donations will largely fund scholarships and classroom and research support aimed at drawing top students and faculty to the College Station, Tex., campus, with about 15 percent allocated to athletics. Among public colleges, only the University of California, Los Angeles has set a more ambitious fundraising target, launching a $4.2 billion effort last year.