CORVALLIS, Ore. (AP) -- Despite tough economic times, Oregon State University has raised $625 million as part of its four-year fundraising campaign.
And they did it a year early.
On Oct. 14, university president Ed Ray said the school was just $5 million short of its goal. In five days, the school met that figure. In all, the school attracted money from 53,000 donors.
The Gazette Times reports that the school has set a new goal of raising $850 million by 2013.
The fundraising effort will direct money to scholarships, endowed faculty positions and construction projects. Those will include a $50 million College of Business building and a $15 million practice facility for the men's and women's basketball teams.
Information from: Gazette-Times, http://www.gtconnect.com