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Johns Hopkins Announces $4.5B Fundraising Goal

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BALTIMORE (AP) — Johns Hopkins says it is working on its largest-ever fundraising campaign, which aims to raise $4.5 billion by the end of 2017.

The university and health system announced the effort Saturday. The idea is to create as many as 300 endowed professorships and generate nearly $700 million for undergraduate financial aid and graduate student fellowships.

Officials say they have been quietly raising money since January 2010 and have raised $1.94 billion from more than 150,000 donors. Part of the money raised is a $350 million gift from New York Mayor Michael Bloomberg that was announced in January, the largest gift in Johns Hopkins’ history. Bloomberg is a 1964 graduate of the school.

Now that the campaign has been publicly announced, the goal is to complete the effort in 2017.

(Copyright 2013 by The Associated Press. All Rights Reserved.)

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