Yale closes $3.88B fundraising campaign

July 5, 2011 at 9:38 PM

NEW HAVEN, Conn., July 5 (UPI) -- The 5-year Yale Tomorrow campaign broke previous fundraising records for the Connecticut university with almost $4 billion, officials said Tuesday.

The university exceeded its $3.5 billion goal with a total of $3.88 billion, Yale said in a statement. More than 110,000 alumni and parents, corporations, foundations and other donors contributed.

The campaign closed June 30.

"The Yale Tomorrow campaign has made Yale a stronger institution and magnified our impact on the world," President Richard C. Levin said. "I am deeply grateful for the extraordinary support of our donors. Many generations of students will benefit from their generosity."

The campaign focused on four areas: the arts, science, undergraduate education and international involvement.

Inge Reichenbach, vice president of development, said 10 donors made gifts of $50 million or more. Stephen Adams, a class of 1959 alumnus, and his wife, Denise, made a significant contribution that has allowed the school of music to stop charging tuition.

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