NYU's $2.5 billion fundraising campaign

Colleges and Universities A-Z New York University
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<p>This is one of the biggest and most impressive fundraising campaigns in the history of higher education. The future NYU will even be more amazing than the one today.</p>

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<h2><a href="http://www.nyu.edu/publicaffairs/newsreleases/b_billy_joel_09272004.shtml%5B/url%5D"&gt;http://www.nyu.edu/publicaffairs/newsreleases/b_billy_joel_09272004.shtml&lt;/a&gt;&lt;/h2>

<p>9/27/04</p>

<p>New York University President John Sexton today announced to the NYU community a seven-year $2.5 billion fundraising campaign and a major, intensive faculty hiring initiative in the arts and sciences. The campaign, which is the largest in the University's history and has already raised some $1.1 billion during its 3-year "quiet phase," will raise $1 million per day over the next four years. </p>

<p>The funds raised in the campaign will be used for faculty building, increased financial aid for students, the development of new academic initiatives and programs, and enhancing physical facilities.</p>

<p>The University will also launch a major hiring initiative, the Partners Fund. Over the next five years, the Partners Fund will match $50 million in donations with $150 million in University resources to enable NYU to increase the size of its arts and science faculty by 20 percent, or 125 additional positions; with additional hiring expected through natural turnover, NYU expects to make 250 hires overall in the arts and sciences over the next five years.</p>

<p>The official kick-off of the fundraising campaign will take place on Tuesday evening at a gala dinner at Cipriani 42nd Street at which the renowned musician Billy Joel, a proud NYU parent, will perform.</p>