USC raises $4 billion in its fund raising campaign within 5 years

The University of Southern California records a high in its fund raising campaign, a feat that was achieved only by 5 universities in history. Recently, USC passed the $4 billion threshold in its $6 billion fund-raising campaign.

The campaign is known as The Campaign for USC which is lead by President C. L. Max Nikias. The goal of the campaign was to raise $6billion by June 2018. With Nikias at the wheel, USC has raised the $4 billion in just four and a half years.

 

"I share this news with great pride and gratitude, as it represents the collective efforts and dedication of the entire Trojan Family," Nikias said in a letter to the USC community. "With gifts coming from every corner of the world, and every constituent group in our community."

USC raises $4 billion in its fund raising campaign

According to Nikias, his main goal in raising the funds is to improve academics at the university. $1.4 billion of the $4 billion has been allocated to the university endowment, which helps increase student financial aid and scholarships.

"In the last four and a half years alone, this endowment has allowed us to create 77 new faculty chairs," Nikias said. "In addition, of the money raised, $2.1 billion has advanced other academic priorities, comprising faculty research programs, research institutes, school-based programs, and the medical enterprise, including pediatric research and care."

Nikias also noted that 2014 broke records for USC Athletics, raising an unprecedented $280 million despite the end of the NCAA sanctions this year.

Despite the achievements in fund-raising, Nikias stressed the importance of continuing the momentum.

"I must emphasize that now is not the time to become complacent," Nikias said in the letter. "We still have $2 billion left to raise, and the final stretch of any campaign is always the most difficult."

USC has also maintained its ranking as third in fund-raising among American universities, behind Harvard University and Stanford University, according to the survey done by the Council for Aid to Education.

The university raised $732 million in 2014, Stanford being the last year's top fund-raiser, raised $928.4 million and Harvard being the last year's runner-up for top fund-raiser, raised $1.16 billion.

Source: DailyTrojan

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