UM fundraiser hits $1 billion mark

10/26/2012 2:11 PM

10/30/2012 7:03 AM

The University of Miami’s Momentum2 fundraising campaign continues to make healthy progress toward its $1.6 billion goal, as UM officials announced on Friday that the campaign has just surpassed the $1 billion mark.

After a period of silent fundraising, UM publicly announced its new campaign in February.

At that point, the university had secured $906 million in donations. The school hopes to hit its $1.6 billion goal by 2016. The money raised will go to a variety of initiatives, including student scholarships, endowed professorships, and construction/renovation of university buildings.

- MICHAEL VASQUEZ

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