In addition to facilities, financial aid has also fared well in this campaign. The University has raised 64 percent of its undergraduate and 70 percent of its graduate financial aid goal.
Though Reardon said running a successful campaign is work-intensive, he credits much of its success to the bull market. Since Harvard launched the Campaign in May 1994, the U.S. economy and financial markets have seen a boom.
Feagin also points to a low percentage of deferred gifts as another measure of the Campaign's success. University officials expected about 30 percent of donors to defer their gifts until their death or at least until a later date. To date, only 10 percent of gifts have been deferred.
"It's been a great time to be in fund raising," Reardon said.
Status of Campaign Fundraising
In thousands as of May 31, 1997
72.9%
Faculty of Arts and Sciences Total: $704,232 Goal: $965,000
53.2%
School of Business Administration* Total: $117,076 Goal: $220,000
94.0%
School of Design Total: $28,186 Goal: $30,000
61.0%
Divinity School Total: $27,437 Goal: $45,000
77.5%
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