University of Chicago tops $2 billion figure in fundraising drive

CHICAGO

The University of Chicago says it’s surpassed its $2 billion fundraising goal, making it the nation’s seventh campus to raise at least that amount during a capital fundraising campaign.

A $25 million donation from the Neubauer Family Foundation pushed the campaign past the $2 billion benchmark.

The school set the $2 billion goal five years ago as part of a campaign called the “Chicago Initiative.”

The drive is set to end next year and is designed to raise money for student financial aid, faculty research and other projects.

The foundation’s $25 million gift will be used to recruit young faculty who recently received their PhDs. They’ll be named Neubauer Family Assistant Professors and will receive research support over a five-year professorship appointment.

–Associated Press



© Copyright 2005 by DiverseEducation.com