The school's chancellor says the money is needed to maintain the school's status as a top public research university.
UC Berkeley is aiming to raise $6 billion — one of the largest hauls ever attempted by a public university — in a drive to preserve the “heart and soul” of the elite campus, Chancellor Carol Christ announced Saturday.
The massive fundraising effort comes as the campus, which celebrated its 150th anniversary in 2018, aims to recover from years of diminishing state aid and recent financial turbulence.
, surpassing its initial goal of $4.2 billion 18 months early. UC San Francisco already has exceeded its $5 billion goal while UC San Diego is aiming to raise $3 billion after meeting its $2 billion target three years early. Increasing tenure-track faculty and top-flight graduate students is a pressing priority, campus officials said. The faculty, which includes more than 20 Nobel laureates, is the “definitive factor” that gives Berkeley its edge in shaping the next generation of leaders, Provost Paul Alivisatos said.
“We’re not losing our competitive edge in faculty recruitment and in graduate student recruitment,” Christ said, “but if we don’t keep pace, we might.” Berkeley is already halfway toward its goal, having raised $3.4 billion since it began the campaign’s “quiet phase” in January 2014. So far, nearly 169,000 donors — in every state and 121 other countries — have contributed more than 614,000 gifts.
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