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"Our aspiration of becoming the world's highest-impact public research university depends on attracting the best students, supporting them, and equipping them to go out and change the world."
So says President Jay Hartzell of the University of Texas at Austin, which has just become the first Texas university to raise $1 billion for students through a philanthropic campaign.
What Starts Here, which began in fall 2016, is only the second US public university campaign to receive more than $1 billion in dedicated support for undergraduate and graduate students.
The campaign's overall goal of $6 billion is the third-highest of any public university.
To date, alumni and friends of UT have contributed more than $4.8 billion in total support.
Since 2016, nearly 291,000 donors have given in direct support of students, and 9,600 of those students have been served by UT for Me, powered by Dell Scholars, per a release.
"With the right support system in place, we can ensure every student has the tools and resources they need to succeed in college," says Janet Mountain, executive director of the Michael & Susan Dell Foundation and a member of UT's Development Board.
"I could not be more grateful for, or energized by, the generosity of Longhorns taking care of Longhorns to reach this incredible philanthropic milestone
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Selected Foundation News
A customized collection of news from foundations from around the Web.
Foundation: Changemakers
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If you can't make it to Belchertown's Farmers and Artisans Market on Sunday, you can always head to Leverett Elementary School on Monday. That's because the school has been awarded $13,000 in...more
Foundation: Nebraska Community Foundation
The small town of Leigh, Neb., is getting a big boost in its coffers thanks to a group of former residents and their families. Last year, 14 families and individuals (all Leigh High School alumni...more
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"We are very grateful for their steady support over the years." So says Laurel Harry, executive director of the Rowan County Literacy Council, which recently received a $5,000 grant from the...more
Social Entrepreneurship
Spotlight
Role Philanthropy Plays in Impact Investing
CEO of the Community Development Financial Institution (CDFI) Nonprofit Finance Fund and impact investment book author, Antony Bugg-Levine, explains the role of how philanthropy serves as a catalyst in impact investments.