U. of I. launches multibillion-dollar fundraising campaign

llinois- The University of Illinois (U. of I.) is launching a multibillion-dollar fundraising campaign across its three campuses. The Urbana-Champaign campus seeks to collect $2.25 billion in public and private donations over the next five years. Springfield is looking to collect $40 million, according to university officials. The Urbana-Champaign and Springfield campuses formally started the public phases of their plans last week, while Chicago will kick off its campaign and announce its funding goal Oct. 28. All three campaigns will end in 2022, university leaders said. About $1.01 billion in private offerings has been secured for the U. of I.

 

At the three campuses, there are plans to renovate Altgeld and Illini halls, costing up to $100 million; a $50 million facility for health, aging and disability-related research; athletic facility upgrades; construction and programming for the Bruce Nesbitt African American Cultural Center; and improvements to the University Library. There are also plans to spend $8 million for a new Center for Lincoln Studies and $10 million for building upgrades. The plan is to raise more than their last campaign totaling $2.43 billion. In many cases, public universities throughout the country are turning to fundraising to make up for stagnant or dwindling state support.