Harvard Fundraising

Harvard said in September that it aims to raise $6.5 billion by 2018, a record goal for university fund drives. The Cambridge, Massachusetts-based school received $150 million, now its second-largest single gift, in February from alumnus Kenneth Griffin, founder and chief executive officer of Citadel Advisors LLC. Hansjoerg Wyss, a medical-device entrepreneur and graduate of Harvard Business School, has given two gifts of $125 million each.

Harvard President Drew Faust has outlined the objectives of the fund drive, led by the generation of “new knowledge,” along with campus construction, student aid, research into online education and extension of the university’s “global reach.” The campaign total now stands at $3.8 billion, said Christine Heenan, a university spokeswoman.

Harvard, founded in 1636, is the oldest and richest U.S. university with an endowment valued at $32.7 billion.

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