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The University of Michigan announced Thursday that it has become the first public university to raise $5 billion in a fund-raising campaign. The campaign, started in 2013 with a goal of raising $4 billion, still has until the rest of this year to add to the total. Large gifts have always been crucial to fund-raising campaigns, but The Wall Street Journal did an analysis showing how Michigan has come to rely more on the most generous donors. At Michigan, gifts over $5 million make up 54 percent of the campaign, compared to 34 percent of a campaign that raised $1.5 billion in 1997.
Michigan may have competition for the title of top public fund-raiser. The University of Washington has raised $4.93 billion in its capital campaign, which continues through 2020.
Check on the status of these and other campaigns at the Inside Higher Ed fund-raising database.
