Johns Hopkins Announces $4.5B Fundraising Goal
BALTIMORE (AP) -- Johns Hopkins says it is working on its largest-ever fundraising campaign, which aims to raise $4.5 billion by the end of 2017.
The university and health system announced the effort Saturday. The idea is to create as many as 300 endowed professorships and generate nearly $700 million for undergraduate financial aid and graduate student fellowships.
Officials say they have been quietly raising money since January 2010 and have raised $1.94 billion from more than 150,000 donors. Part of the money raised is a $350 million gift from New York Mayor Michael Bloomberg that was announced in January, the largest gift in Johns Hopkins' history. Bloomberg is a 1964 graduate of the school.
Now that the campaign has been publicly announced, the goal is to complete the effort in 2017.
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