Duke University trustees are raising the goal of the university’s five-year capital campaign from $1.5 billion to $2 billion, the Associated Press reported Dec. 5.
The Campaign for Duke, which began in October 1998, already has raised more than $1.3 billion.
The increase comes as Duke’s departments and schools identified needs not covered by earlier funding goals.
The largest share of funds raised to date will support Duke’s endowment. The money has provided for 58 faculty chairs and more than 360 new fellowships and scholarships.
The university’s endowment totaled $2.66 billion in June.
Duke is the fourth university in the U.S. to have a campaign seeking $2 billion. Of the others, Harvard and Columbia have finished their campaigns and the campaign at the University of Southern California is ongoing.
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