Duke caps $2.3 billion campaign with $72 million gift.
DURHAM, NC. [01.08.04] — Duke University received its largest gift ever, $72 million, on the final day of its eight-year fundraising campaign that raised $2.3 billion.
The donation from alumni Pete and Ginny Nicholas from Boston, who have co-chaired the campaign for eight years, brings their total campaign contributions to nearly $130 million, more than any individual or couple has given the university.
The Nicholases are giving $2 million for the renovation of Perkins Library and $70 million to expand Duke’s Nicholas School of the Environment and Earth Sciences.
Pete Nicholas is co-founder and chairman of Boston Scientific Corp., and his wife, Ginny, is founder and president of Open Market in Concord, Mass.
The Duke drive, which began in 1996, has raised the fifth-largest total in higher education campaigns in the U.S.
The campaign raised over $750 million for endowment, mostly for financial aid; over $200 million for undergraduate scholarships; and nearly $100 million for graduate and professional school fellowships.
The campaign also helped establish 119 faculty professorships and helped renovate or build dozens of campus facilities.