MIT Campaign for a Better World ends FY16 with $2.9 billion
In May, MIT President L. Rafael Reif announced the public launch of the MIT Campaign for a Better World, an ambitious fundraising effort that aims to advance the Institute's ability to address some of the world's greatest challenges. The Campaign seeks to raise $5 billion and began its public phase with $2.6 billion already raised toward its goal. Thanks to the enthusiasm of MIT alumni and friends, the Institute had a strong finish to fiscal year 2016, closing with $529 million in new gifts and pledges and $2.9 billion raised in the Campaign. "We have made great progress toward our very ambitious goal," says Julie Lucas, MIT's vice president for resource development. "We benefit from the strong support of alumni and friends around the world who believe in MIT's mission and ability to have a positive impact on the world. We are very appreciative of that support. It will take the...