Syracuse University Raises $1B, Won't Ask You For Money Anymore*

Something good happened. CUE FLOYD LITTLE SMILING!

You may remember a few years ago when Syracuse University started the very ambitious, very lofty goal of raising $1 billion dollars Doctor Evil-style and we all looked at each other and said, "Yeah right." Well, jokes on us cause SU got paid yesterday.

Syracuse University today announced that it has surpassed its goal for the most ambitious fundraising effort in the institution’s history. With more than three months remaining until its conclusion on Dec. 31, 2012, The Campaign for Syracuse University has surpassed its goal of $1 billion. Through the generosity of more than 60,000 individual donors, including trustees, alumni, faculty, staff, students, parents, and supporters, the Campaign has raised a total of $1,008,612,731 as of Aug. 31

The Campaign’s $1 billion goal was set by the Board of Trustees and Chancellor Cantor in 2005, and is nearly triple that of any previous fundraising goal in the University’s history. A record 191 gifts have been made at the $1 million level or more, including 30 gifts of $5 million or more, led by the nearly $33 million commitment from the Newhouse family. Overall, the amount raised by the current campaign is nearly double the funds raised in the two prior campaigns combined. Key to this success: the SU Board of Trustees, whose commitments account for more than $275 million, or 27 percent of the Campaign’s current total. Trustee giving in The Campaign for Syracuse University exceeds the aggregate total of giving from Trustees over the history of the University.

You know what this means? iPads for everyone!

As part of this fundraising goal, New York's College Team is going to put its money where it's taxicab slogans are and open a hub in Manhattan:

Syracuse University unveiled plans to open the Fisher Center, a new SU hub in New York City, as part of its billion-dollar campaign announcement Thursday.

The center will provide opportunities for students from all schools and colleges at SU to study abroad in NYC. It’s named after Winston Fisher, a 1996 graduate of SU and trustee.

So where is the rest of that money going?

And of course, your check is in the mail. Should be there any day now...

*Yes they most certainly will.

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