BOSTON–The Harvard Business School has surpassed its $1 billion capital campaign goal over a year ahead of the campaign’s deadline, prompting a $300 million addition to the original campaign goal, the Harvard Crimson reported.
“As we look to the next two years, we have identified an additional goal of $300 million we seek to raise, reflecting the importance of sustaining the initiatives we have launched, providing future flexibility, and strengthening the core,” the Harvard Crimson quoted Harvard Business School Dean Nitin Nohria as saying in a press release.
During the “quiet phase” of the campaign, which was publically launched in June 2014, the school raised more than $600 million in gifts and pledges. Since then, it has raised the remaining $400 million thanks to more than 24,000 “alumni and friends” that contributed to the campaign, Ellen Harkavy, the senior director of the Business School campaign, wrote in an email reported by the Harvard Crimson.
The Business School’s goal of $1 billion comprises 15 percent of the University-wide $6.5 billion campaign. It is the second largest goal among Harvard’s schools, after the $2.5 billion campaign goal for the Faculty of Arts and Sciences, the Harvard Crimson reported.