Indiana University officials say the school has passed the $1 billion mark in a fund-raising campaign and is looking
to raise $100 million more.
University President Michael McRobbie called the achievement a major milestone, especially
given the national recession.
The university launched the $1 billion "Matching the Promise" campaign
in 2003. Among its goals are increased scholarships, more funding to attract top faculty members and financing for new teaching
and research facilities. The campaign goal was raised to $1.1 billion in February.
IU Foundation president Eugene
Temple says the fund-raising total includes various types of pledges and planned gifts from estates and annuities.
School officials say more than 155,000 individuals and 7,600 business and foundations have contributed to the campaign.