University makes progress toward $2 billion fundraising goal

UNIVERSITY PARK, Pa. – Penn State has received $1.88 billion so far through its For the Future fundraising campaign, a seven-year effort to make a degree more affordable for students.

David Lieb, associate vice president for development, gave an update on the campaign to the University Board of Trustees Committee on Outreach, Development and Community Relations today (Sept. 19).

As of Aug. 31, the University has achieved 94 percent of its goal of $2 billion by the end of the 2014 fiscal year. Of the $1.88 billion raised, approximately $399.8 million is designated for facilities; approximately $687.6 million will go into the University’s endowment to provide ongoing student, faculty and program support; and $762.3 million is slated for current use -- funds which are available for immediate use. 

Lieb also updated the trustees on ongoing efforts for a 2014 celebration, honoring the For the Future donors.

Eleven subcommittees began planning in the spring for events to culminate with the 2014 Blue-White Weekend, which will include the annual spring football game on April 12. So far, the offices of Donor Relations and Special Events, Development Communications, and the College of Arts and Architecture are partnering to present a weekend-long celebration that will mark achievement of the goal, shine a spotlight on donors and share how campaign donations have helped individual students.

Initiated in 2007, For the Future: the Campaign for Penn State Students is the most ambitious effort of its kind in University's history and has six key objectives: ensuring student access and opportunity; enhancing honors education; enriching the student experience; building faculty strength and capacity; fostering discovery and creativity; and sustaining the University's tradition of quality.

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Last Updated September 19, 2013