Virginia Tech has set a $1 billion goal for its third fundraising campaign, and is already more than halfway there.
The university launched the public phase of its capital campaign Saturday night to raise money for scholarships, buildings and new programs, among other things. Officials said the private phase of the campaign, which began in 2003, has raised $581 million.
The $1 billion goal is three times the $337 million raised in Virginia Tech’s last campaign, which ended in 1998. The public phase of this campaign is due to end in 2010.
The school is among only 12 public universities and 52 in the nation altogether with 10-figure capital campaigns, according to The Chronicle of Higher Education. One of them is the University of Virginia, which is on pace to exceed a $3 billion goal announced last year.
The celebration to launch the public phase of the campaign had been scheduled last spring, but was delayed after the mass shootings on campus April 16 that left 33 people dead.
Information from: The Roanoke Times, http://www.roanoketimes.com
The Associated Press
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