UCLA has raised $5.49 billion in one of the nation’s most successful public university fundraising
campaigns, as an “arms race” heats up throughout the country for private philanthropy to offset state
funding shortfalls.
The final UCLA tally, announced Wednesday by campus officials, surpassed its initial goal by more
than $1 billion after its public launch in 2014 to commemorate UCLA’s centennial anniversary this
academic year. The funds will help support a range of initiatives at one of the nation’s leading public
research universities, including student scholarships and support, endowed faculty chairs, research
initiatives and building needs.
“The primary goal of this effort was to let UCLA’s future eclipse even the greatest achievements of our
past,” Chancellor Gene Block said. “This campaign, fueled by so many passionate supporters,
provides the foundation we need to move into our second century with confidence.”
The massive campaign reflects a growing national trend as more campuses launch larger and longer
fundraising efforts in a scramble to find new sources of revenue for needs that state funding no
longer fully supports...
Full story at https://www.latimes.com/california/story/2020-02-26/ucla-fundraising-billion-private-philanthropy
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