Johns Hopkins Sets $4.5 Billion Target for Fundraising Program
Johns Hopkins University seeks to raise $4.5 billion to endow professorships and generate funds for undergraduate financial aid and graduate fellowships, the biggest effort in the institution’s history, the school said.
The university has already raised $1.94 billion from more than 150,000 donors since it began a “quiet phase” of the fundraising in January 2010, Johns Hopkins said in an e-mailed statement.
The Baltimore-based university plans as many as 300 endowed professorships and about $700 million for undergraduate aid and graduate fellowships, it said. The university’s health system is slated to get $2.4 billion of the intended funds, with the rest of the institution slated for $2.1 billion, it said.
Johns Hopkins, which opened in 1876, plans to create institutes for the American City, a global health initiative, a Science of Learning institute, an institute for water and an individualized health initiative, the university said. Nine percent of the campaign’s funds are intended for buildings and other capital needs, compared with the 18 percent in a previous fundraising effort in 2008, the school said.
Graduates include Woodrow Wilson, the 28th president of the U.S., who received his Ph.D. from the university in 1886. John Malone, the billionaire chairman of Liberty Media Corp. (LMCA), received a master’s of science degree in industrial management and a Ph. D. in operations research from Johns Hopkins.
New York Mayor Michael Bloomberg, founder and majority owner of Bloomberg LP, the parent of Bloomberg News, committed $350 million in January, the university said. Bloomberg is a 1964 graduate of the school.
To contact the reporter on this story: Dan Hart in Washington at email@example.com
To contact the editor responsible for this story: Sylvia Wier at firstname.lastname@example.org