<p>As those of you in High School participate in the college search, it is important to consider the wealth of the school. When deciding between schools, the institution's financial stability is often a key deciding factor.</p>
<p>Recently, public universities such as UC Berkeley were hit by the economy, just as private schools were. It is great to see the developments which follow those tribulations: at least in UC Berkeley's case, California funding is no longer the major contributor to the school's cash. Rather, Federal funding, philanthropy, and tuition increases have incredibly more than taken its place as the source of cash. The campaign for $3 billion has just crossed $2 billion, and its progress is expected to continue on track.</p>
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Even before the financial downturn, Birgeneau had set a high bar for philanthropy — $3 billion to be raised over seven years. So far, The Campaign for Berkeley is hitting its mark. This spring, donors helped Cal surpass the $2-billion milestone, illuminating a new financial reality ...
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Crossing the $2-billion threshold is a wonderful achievement, but it is absolutely essential that we keep up the pace. That means raising $1 million per day.
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Today, California provides just 16 percent of Berkeley’s annual operating budget of $1.9 billion.
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<p>Congrats to UC Berkeley for these accomplishments!</p>
<p>[URL="<a href="http://promise.berkeley.edu/spring_2011/new_reality/%22%5Dsource%5B/URL">http://promise.berkeley.edu/spring_2011/new_reality/"]source[/URL</a>]</p>