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University Exceeds $2.1B Campaign Goal

Campaign will continue until end of year

NEW YORK--Harvard's capital campaign has raised $2.325 billion--three months before its scheduled end and $225 million in excess of the goal the University set for itself more than five years ago. But the University plans to continue fundraising in campaign mode until its slated conclusion on Dec. 31.

Before a gathering of 150 donors and administrators at the Harvard Club of New York, Campaign Chair Robert G. Stone Jr. '45 announced the latest fundraising totals, declaring the drive to raise $2.1 billion over five years "an extraordinary success."

Harvard President Neil L. Rudenstine thanked the Committee on University Resources--the group of donors and campaign volunteers present--for their efforts in helping Harvard to raise an unprecedented amount of money.

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"It's a goal greater than any other institution of higher learning in the history of the human race," Rudenstine said.

Every one of Harvard's nine schools has surpassed its individual campaign goal, with the slowest to do so--the Faculty of Arts and Sciences (FAS)--coming up with over $1 billion and outpacing its initial goal by $53 million dollars with months still remaining in the campaign effort.

Despite the success of each individual school, however, several significant areas of the University continue to lag behind the expectations set by Harvard planners when the campaign began.

The University Fund remains $64 million behind its goal of $265 million.

The fund provides the president with discretionary money used for various academic projects, in particular those involving multiple Harvard schools, and for some graduate student aid. Rudenstine has been reluctant to put his own needs on par with those of the rest of the University and has not marketed the fund as heavily as other areas.

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