Johns Hopkins Raises $3.74 Billion, Exceeding Target
Johns Hopkins University raised $3.74 billion in an eight-year campaign that ended Dec. 31, surpassing its goal by $500 million, Bloomberg reported.
The money, from more than 250,000 donors, supports 92 professorships and 500 new scholarships, and funded the Carey Business School, the university in Baltimore said in a statement yesterday.
Gifts included $150 million for cancer research from Sidney Kimmel, founder of Jones Apparel Group Inc., and $100 million for malaria research from an anonymous donor. The money allowed the school to build its health-science campus in east Baltimore, said Pamela Flaherty, chairwoman of the university's board.
"It's made a huge difference," Flaherty said in a telephone interview today. "The physical transformation of Johns Hopkins would not have been possible without this campaign."
The drive was led by President William Brody, who is departing to become head of the Salk Institute for Biological Studies, in La Jolla, California. Brody will be succeeded on March 2 by Ronald J. Daniels, now provost of the University of Pennsylvania, in Philadelphia.
Ranked by dollars raised, the Johns Hopkins capital drive was the second-largest recorded by any U.S. institution of higher learning, according to the Chronicle of Higher Education. Leading the Chronicle's list is the $3.82 billion raised by Stanford University, near Palo Alto, California, through Aug. 31. Stanford's campaign, which has a goal of $4.3 billion, is scheduled to end in 2011.