Johns Hopkins raises $1.5B – Only sixth U.S. university to do so

Johns Hopkins University has become only the sixth university in the U.S. to raise more than $1.5 billion in a capital campaign, the Washington Post reported July 17.

The six-year campaign, which ended last month, raised 65 percent more than originally hoped for, university officials told the Post.

The school will use the money to improve its libraries and facilities, increase financial aid and endow 130 new professorships.

The campaign received gifts from about 100,000 donors. A big portion of the money came from a few large donors, however, including $100 million from alumnus Michael R. Bloomberg, founder of the business news service bearing his name. Another $20 million came from the Bill and Melinda Gates Foundation to create a new health research center.

During the campaign, Johns Hopkins attracted its five largest gifts ever.

The other universities that have raised more than $1.5 billion are Harvard, Yale, Columbia, Cornell and the University of Southern California.

For full story, go to the Washington Post.

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