The head of the State University of New York wants it to be more aggressive in raising private dollars, The New York Times reported Dec. 20.
To move into the top ranks of U.S. higher education, SUNY Chancellor Robert L. King said, the university should begin a $1 billion fundraising campaign and raise a total of $5 billion in new money over the next five years.
SUNY is too dependent on state aid and tuition at a time of stepped-up efforts by other public universities to drum up private support, he said.
The university’s 64 campuses now raise only $100 million a year in private funds to supplement their annual $2.1 billion operating budget.
Matthew Goldstein, chancellor of the City University of New York, has promised in recent months to more actively pursue private support and said fundraising ability would be a key factor in hiring new presidents.
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