LOUISVILLE - The University of Louisville said Thursday it has surpassed its $1 billion fundraising goal with more time left to pad the final amount before the capital campaign aimed at boosting student scholarships, faculty support and research wraps up in less than three months.
In a pep rally-type campus announcement in front of the administration building, UofL President James Ramsey said the school's record-breaking campaign will continue its upward trajectory in academics, research and athletics.
"We can continue to impact the lives of our students, our faculty," he said. "We can continue to do pioneering research."
Through the end of March, nearly 76,000 donors had contributed to the "Charting Our Course" campaign, including more than 44,000 first-time donors, the school said. The total amount raised had reached $1,004,587,433, it said.
When the fundraising campaign began in 2007, UofL set a goal of $750 million by 2013. The school's trustees later raised the goal to $1 billion and extended the campaign until June 30 of this year.
"Today is the beginning of a better future for this university," said Robert Hughes, chairman of the school's Board of Trustees.
The 22,000-student school is among 52 public universities in the country that have undertakeen $1 billion capital campaigns, according to Keith Inman, UofL's vice president for university advancement.
UofL said it received donations from all 120 Kentucky counties and all 50 states.
The largest donation came from the late Owsley Brown Frazier, who gave $33.3 million, the school said. He was among 186 donors who contributed $1 million or more, it said.
Donations will help advance the school's research across a spectrum of specialties, including medical research into cancer, stem cells, spinal injuries and anti-rejection therapies, the school said.