Butler University will have $153 million in hand by May 31 when it wraps up its latest fund-raising campaign, the Indianapolis institution announced.
That total will easily exceed Butler’s original goal of $125 million when it started the campaign five years ago.
The campaign, dubbed ButlerRising, drew pledges from nearly 20,000 donors.
Two of the biggest gifts came from Indianapolis-based Lilly Endowment Inc. It gave $22 million to support the Butler Business Accelerator, which provides consulting on growth strategies to local businesses.
The endowment also donated $25 million to support Butler’s College of Pharmacy and Health Sciences, which is building a 40,000-square-foot addition to its facilities.
Butler President Bobby Fong thanked all the donors, which included alumni and Butler faculty. “Their support has helped move Butler University ahead in its aspiration to be one of the nation’s leading comprehensive universities,” he said.
Butler used $30 million of the money it raised to launch endowed scholarships for Butler students.
With the money, Butler also has constructed the many buildings and additions on its Butler Tarkington campus.