September 24, 2007 (CHICAGO) - The University of Chicago says it's surpassed its $2 billion fundraising goal, making it the nation's seventh campus to raise at least that amount during a capital fundraising campaign.
The school set the $2 billion goal five years ago as part of a campaign called the "Chicago Initiative."
The drive is set to end next year and is designed to raise money for student financial aid, faculty research and other projects.
The foundation's $25 million gift will be used to recruit young faculty who recently received their PhDs. They'll be named Neubauer Family Assistant Professors and will receive research support over a five-year professorship appointment.
(Copyright 2007 by The Associated Press. All Rights Reserved.)
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