University of Cincinnati raises over $1B since 2005
2/17/2013CINCINNATI — The University of Cincinnati has joined about two dozen public universities nationally that have completed billion-dollar fundraising campaigns.
The Cincinnati Enquirer reports the university passed the billion-dollar mark late last month, raising the money through private donations in a campaign started in 2005.
University officials say about $370 million will go to UC's medical school and other parts of the Academic Health Center. Other allocations include $319 million to UC's various colleges, $135 million to university-wide programs including $76 million to athletics, and $171 million to research.
About $101 million of the donations will pay for student scholarships.
But university officials say more will be needed as it moves forward with projects including renovation of Nippert Stadium and Fifth Third Arena and plans for a new law school building.