Carnegie Mellon University plans to raise another $1 billion in the next five years to fund innovative approaches to the way it educates students and conducts research. It announced Wednesday that it is halfway to its $2 billion goal.
The university describes the campaign “Make Possible” as an investment to ensure that CMU is well positioned at the intersection of technology and humanity. It will invest in areas including technological advancement, artistic expression, and scientific inquiry.
Scott Mory, vice president for university advancement, said it’s an “aggressively responsible” goal. The university is looking to raise almost as much as it has in its endowment.
“It’s going to challenge and inspire, hopefully, our supporters to stretch themselves and do the most they can for Carnegie Mellon,” he said.
He said large gifts are especially important for the university, as its students and faculty pioneer technological advancement.
“Because they really give the university the ability to frame and drive the conversation on how technology will impact humanity and how do we want to grow the technology in a way that we know benefits society,” he said.
Mory said CMU expects to reach the two billion dollar goal by summer 2024.
According to CMU, it began fundraising for the campaign in 2015 and around 42,000 donors have contributed.
WESA receives funding from CMU.