The University of Texas has received $302 million in donations so far in the fiscal year that ends in August and, provided the gifts don’t dry up, is on track to have the best fundraising year in its history, officials announced Monday.
The $302 million is part of UT’s ambitious eight-year, $3 billion Campaign for Texas fundraising effort, set to end in August 2014. The university had raised $222 million by this time last year and has raised $2.1 billion since 2006. Officials said fundraising has become increasingly important for UT to maintain its status as a Tier One research university at a time when Texas is cutting funding for higher education.
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