USC Announces $6 Billion Fundraising Campaign

USC Announces $6 Billion Fundraising Campaign

The University of Southern California has announced a $6 billion fundraising campaign, the largest in the history of higher education.

To be launched September 15, the Campaign for the University of Southern California seeks to raise the $6 billion within seven years. Half the funds raised will be used to augment endowment support for faculty and students; the rest will provide immediate funding for academic priorities, capital projects, and infrastructure improvements.

To date, the university has raised more than $1 billion, including $50 million from the Annenberg Foundation to finance a new building for the USC Annenberg School for Communication & Journalism; $150 million from the W.M. Keck Foundation to advance medical, clinical, and translational research and education; and $200 million in unrestricted endowment funds — the largest single gift in USC history — from trustee David Dornsife ('65) and his wife, Dana, for the USC Dornsife College of Letters, Arts and Sciences.

"Only a campaign of this scale and scope, at this moment in our history, will allow our university community to realize its fullest potential," said USC president C. L. Max Nikias. "This will enable USC to take the lead in addressing the world's most pressing needs and challenges, educating the leaders of tomorrow and producing research, scholarship, health care, and creative and artistic work of consequence to society."

"USC to Launch Largest Fundraising Campaign in Higher Education History." University of Southern California Press Release 08/29/2011.