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October 21, 2018

9/19/2018 2:45:00 PM
Northwestern Raises $4.06 Billion, Sets Goal for $5 Billion

A major new commitment from Northwestern University trustee and alumnus T. Bondurant French and his wife, Hollis S. French, has pushed fundraising for We Will, The Campaign for Northwestern University, past the $4 billion mark and beyond its original goal of $3.75 billion, nearly two years ahead of schedule, said Northwestern in a press release.

The ‘We Will’ Campaign was launched publicly in March 2014 with the joint goals of raising $3.75 billion from at least 141,000 supporters. It has surpassed each benchmark, having raised $4.06 billion from  149,094 Northwestern alumni, parents and friends, said the press release.

Northwestern is increasing its campaign goals to raise $5 billion from 170,000 supporters by the end of 2020, said Northwestern.

Northwestern Provost Jonathan Holloway said the contributions will help Northwestern endow financial aid support for undergraduate, graduate and professional school students; expand its expertise and curricular offerings in global studies and the humanities; broaden and deepen its interdisciplinary research and innovation in computer science; update the University Libraries facilities; and ensure that its unprecedented rise in biomedical research funding can continue.

As of May 31, 2018, Campaign support has fueled:

• 378 new endowed scholarships and fellowships

• 557 Summer Undergraduate Research Grants

• 437 Summer Internship Grant Program awards

• Emergency support for 178 students

• 67 new endowed professorships

• 34 new research institutes and centers

• 3 new academic departments

• 2 new degree programs

Since the Campaign began:

“Northwestern has completed 23 new construction projects and 26 major renovation projects in Evanston, Chicago and San Francisco.

“Northwestern has significantly increased financial aid for its students, including eliminating loans for incoming undergraduate students.

“The percent of Pell Grant-eligible students in the entering class has increased from 14% (Class of 2015) to 20% (Class of 2022).

“Graduate student stipends have been increased to enhance the quality of life for graduate students. The University Fellowship rate has risen from $20,928 in the 2010-11 academic year to $32,196 in 2018-19, and the Graduate Assistantship rate has risen from $21,576 in 2010-11 to $32,196 in 2018-19.

“Sponsored research funding has risen from $511.7 million in fiscal year 2011 to $676.5 million in fiscal year 2017,” said the press release.

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