With nearly two years remaining on its fund-raising campaign, Harvard University already
has raised more than $7 billion, the college said Thursday.
The campaign was launched three years ago with a goal of raising $6.5 billion. With the latest donations, Harvard’s campaign becomes the largest ever for higher education, topping Stanford University, which announced in 2012 it had raised $6.2 billion.
“I am deeply grateful to everyone who has participated in this outstanding effort so far,” President Drew Faust in a statement in
Harvard Magazine. “Our aspirations speak to our larger hopes not only for a better Harvard, but also for a better world.’’
Among Harvard’s top financial priorities are building a $1 billion science and engineering complex in Allston and remaking the college’s undergraduate houses.
The campaign continues until June 2018.
Federal lawmakers earlier this year asked the nation’s richest colleges and universities, including Harvard, for details about their multibillion-dollar endowments, which have continued to grow even as tuitions increase and the schools reap benefits from tax breaks.