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Drake University Reaches $200 Million Fundraising Goal

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The Drake University campus on Monday, February 2, 2015. (ALEX PAYNE/WHO-HD)

The Drake University campus on Monday, February 2, 2015. (ALEX PAYNE/WHO-HD)

DES MOINES, Iowa – Drake University announced Monday that it has surpassed a fundraising goal of $200 million almost six months ahead of schedule.

“This is an extraordinary moment in Drake’s history,” said Drake University President David Maxwell. “I am truly honored and amazed by the commitment and generosity of the tens of thousands of people whose belief in Drake’s present and future is enabling us to realize a transformative vision for Drake University.”

The “distinctlyDrake” campaign started in October 2010 with a goal of raising $200 million by June 30, 2015.

The university said it received contributions from more than 22,000 donors, including more than 60 gifts of $1 million or more.

Contributions include $46 million in scholarship support ensuring access to a Drake education through 175 new scholarship funds; $36 million to enhance teaching and learning through endowed faculty positions and faculty development funds; and more than $45 million to support new construction and renovation of existing learning spaces.

Of the $200 million raised so far, more than $110 million in gifts have been designated to the University’s endowment.

“Crossing the $200 million mark is truly momentous,” said John Smith, vice president of alumni and development. “While it’s the most successful campaign in Drake’s history, distinctlyDrake has always been about more than an ambitious dollar goal. From the beginning, this campaign has been committed to impact—the ways we are transforming the lives of students, now and into the future. Each generous contribution is an investment and a vote of confidence in the promise of a Drake experience.”