University of Nebraska asks for $3 billion in new fundraising campaign
LINCOLN, Neb. (KLKN) – The University of Nebraska is looking to the future, but first, it needs $3 billion.
President Ted Carter, alongside the four university chancellors, announced the launch of “Only in Nebraska: A Campaign for Our University’s Future” on Thursday.
The university describes the campaign as a “historic effort” to encourage at least 150,000 donors to give a total of $3 billion to the school.
As of Thursday, the campaign has raised $1.6 billion from 112,000 donors, according to the university.
Those funds will go toward students, faculty, academic programs and research to address the needs of the state, the university said.
“As Nebraska’s only public university, we have a special opportunity and responsibility to meet the needs of students, our state and the workforce,” Carter said in a press release. “The University of Nebraska is one of the state’s most powerful drivers of economic growth and quality of life. With this campaign, we can extend our impact even further — today, tomorrow and for generations to come.”
Carter called the campaign an “investment in students and in our future.”
The university said the campaign has three key areas of focus, but the top priority would be the students.
The first area is the “relentless focus on student access and success,” which will eat up $1.6 billion of the total fundraising goal, NU said.
Nebraska hopes this money would create scholarships for all system institutions to help the school compete for top talent.
Those funds will also go toward first-generation students, community college transfer students and areas of critical need.
The university’s second area of focus: “enhancing faculty, academic and clinical excellence.”
With $750 million, Nebraska will fund endowed chairs and professorships in hopes to recruit and retain faculty, the university said.
And last but not least: “transformational research and innovation.”
About $650 million is needed for this area of focus, which the university said will support research and innovation to improve the lives of Nebraskans.
Carter said the $3 billion would not replace state funds for the university’s basic operations.
To learn more about the fundraising campaign, click HERE.