U. of Michigan reaches $5 billion in fundraising campaign

Posted at 11:10 AM, Oct 04, 2018
and last updated 2018-10-04 11:10:35-04

ANN ARBOR, Mich. (AP) — The University of Michigan has raised $5 billion so far during its multi-year fundraising campaign that’s scheduled to wrap up at the end of 2018.

University President Mark Schlissel announced Thursday the “Victors for Michigan ” campaign reached that mark with support from more than 382,000 donors.

He says in a statement it’s “further evidence of the power of the University of Michigan family.”

Of the total, the school says more than $1.1 billion is for student support such as undergraduate and graduate scholarships and fellowships. More than $1.4 billion is directed to advance patient care, research and education at Michigan Medicine, the school’s academic medical center .

The fundraising campaign publicly launched in 2013 with a $4 billion goal, a mark that was surpassed in 2017. The campaign ends Dec. 31.