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."
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.