Bloomberg News

Harvard May Start $6B Campaign in '13: Report

April 03, 2012

A Harvard Square subway sign sits in front of a building on the Harvard University campus in Cambridge, Massachusetts. Photographer: Michael Fein/Bloomberg

A Harvard Square subway sign sits in front of a building on the Harvard University campus in Cambridge, Massachusetts. Photographer: Michael Fein/Bloomberg

Harvard University, the world’s richest institution of higher learning, may begin a campaign next year to raise more than $6 billion, a record for the school, the Harvard Crimson reported today.

The university, in Cambridge, Massachusetts, is “considering a late 2013 launch” for the public phase of its campaign, Tamara Rogers, vice president for alumni affairs and development, said in an e-mailed statement. The university hasn’t decided on the timing or fundraising goal, she said.

The Crimson cited senior administrators as its sources for the $6 billion fundraising target.

Harvard’s last capital drive concluded in 1999 after raising $2.6 billion. Since then, U.S. university fundraising has grown in size and ambition, with Yale University amassing $3.88 billion in a five-year campaign that ended in June and Stanford University saying in December it raised $6.2 billion. The University of Southern California kicked off its own $6 billion campaign in September.

This will be the first campaign headed by Harvard President Drew Faust, who took office in 2007.

To contact the reporter on this story: Oliver Staley in London at ostaley@bloomberg.net

To contact the editor responsible for this story: Lisa Wolfson at lwolfson@bloomberg.net


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