Stanford Seeks $4.3 Billion US

October 12, 2006

Weeks ago, Columbia University set a record by launching a $4 billion capital campaign. On Tuesday, Stanford upped the ante by launching its own $4.3 billion campaign -- a goal "equivalent to the annual gross domestic product of Bermuda." 27 US universities have recently undertaken capital campaigns of $1 billion or more. Harvard, whose 2000 campaign raised a paltry $2.6 billion, is expected to announce an even bigger campaign once they hire a new permanent president. (See article from the San Jose Mercury News at )