Harvard University concluded a five-year capital campaign on Thursday that shattered higher-education fund-raising records, according to The Harvard Crimson, by bringing in more than $9.6 billion. The total was well above the university’s original goal, $6.5 billion. The campaign began under the leadership of former President Drew G. Faust and ended in June. The next-most-lucrative fund-raising campaign was Stanford University’s most recent, which raised $6.2 billion in five years.
“As new challenges and opportunities arise in higher education and beyond, Harvard is well positioned to respond and adapt thanks to the generosity of our alumni and friends,” said President Larry Bacow, according to The Harvard Gazette.
Of the money raised, Harvard plans to spend $1.3 billion on financial aid; donors are also funding 142 endowed professorships, the university said.
Here’s what else the university could buy with the $9.6-billion chunk of change:
More, from Matt Reed.