Updates on billion-dollar campaigns in Catholic higher education

The Chronicle of Higher Education issued its monthly report on the progress of the 33 U.S. colleges and universities currently in campaigns to raise $1 billion or more. Of the 33, two are Catholic institutions of higher education.

According to the Chronicle, Boston College had raised $587 million as of May 31 towards its goal of $1.5 billion by 2010.

Indiana’s University of Notre Dame raised the second largest amount of money in a single month, after Brown University, when it pulled down $43.7 million in May. The total put it over its total campaign goal of $1.5 million by 2011. Golden Domers have raised $1.531 billion.

The only other U.S. university to achieve its campaign goal ahead of time is the Rensselear Polytechnic Institute, in New York, which already has hit $1.408 billion on its $1.4 billion goal by the end of 2009.

Who’s after the biggest prizes in college fundraising? Stanford with a $4.3 billion goal by 2011, followed closely by Columbia and Cornell, both with $4 billion goals by the same year.

Are other Catholic colleges and universities in the midst of campaigns. You bet. But Boston College and Notre Dame have the biggest targets.

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