Iowa Campaign Surpasses $1 Billion, Breaks Its Previous Record
July 8, 2013 The NonProfit Times
The University of Iowa has surpassed $1 billion in its latest comprehensive fundraising campaign, breaking its previous record.
“For Iowa. Forever More: The Campaign for the University of Iowa” has raised $1.062 billion during the eight-year campaign, eclipsing the $1.05 billion raised between 1999 and 2005 in its last comprehensive campaign. More than 119,500 people have contributed to the campaign, which launched its public phase two months ago. To date, the campaign is almost two-thirds of the way to its goal of generating $1.7 billion in private support by the end of 2016.
“This milestone demonstrates the incredible enthusiasm and dedication of UI’s alumni and friends,” University of Iowa President Sally Mason said in a statement accompanying the announcement. “Together, we are fulfilling this ambitious campaign’s goal to build the most innovative 21st-century university possible, and I thank those who have gotten us to this historic moment through their extraordinary generosity,” she said.
“While the campaign will continue through 2016, we are already seeing its fruits today,” Lynette Marshall, president and CEO of the University of Iowa Foundation, said. Groundbreaking began on the new UI Children’s Hospital building, with $26 million of the $50-million goal already raised. The 14-story, 195-bed facility is scheduled to open in 2016.
Other new and renovated facilities to which the campaign will contribute include the Mary Pappajohn Biomedical Discovery Building, scheduled to open next year and a new arts campus including Hancher, the School of Music, and studio spaces for the School of Art and Art History, all scheduled to open in 2016. John and Mary Pappajohn made a $32-million commitment to the 166-year-old, Iowa City, Iowa-based public university.
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