Duke Forward hits $2 billion mark
Duke University's seven-year comprehensive fundraising campaign, Duke Forward, has reached $2 billion of its $3.25 billion goal, including $787 million raised for Duke Medicine, President Richard H. Brodhead announced Thursday.
Brodhead called this a "significant milestone" for the campaign, which is raising money to enrich the student experience in and out of the classroom, invest in faculty, and support research and initiatives focused on training leaders to address some of society's biggest challenges.
"Duke Forward is about giving life to big ideas," Brodhead said. "The impact of the groundbreaking work by our faculty and students spans continents, shapes policy and ultimately, helps to prepare for a better future. Reaching the $2 billion mark is a testament to the powerful faith people have in Duke's mission and Duke's future. We're tremendously grateful to the many alumni, parents and friends who have shared in moving Duke forward."
Every dollar donated to Duke's 10 schools and units, Duke Medicine, or university programs and initiatives counts toward the campaign's goal. As of March, Duke Medicine had reached 66 percent of its $1.2 billion goal, and nearly all schools and units were beyond their halfway mark.
Campaign co-chairs Anne T. Bass, Bruce Karsh and David Rubenstein are among the top donors, their gifts totaling more than $150 million.
"The world's most challenging and pressing problems won't be solved by one person working in isolation. These issues require nimbleness of mind and approach -- and that's where Duke comes in," said Bass, whose son is a Duke graduate. She and her husband, Robert, donated $50 million to launch Bass Connections, an initiative that encourages Duke students and faculty to collaborate across traditional academic boundaries to respond to critical global issues.
Karsh, who graduated from Duke in 1977, gave $50 million with his wife, Martha, in support of financial aid. "We believe it's paramount that all students, no matter where they come from, have the opportunity for a quality education," he said.
"Duke is fortunate to attract the best and the brightest from around the world, and its commitment to financial aid helps many of these talented students attend Duke and contribute to the diverse, vibrant student experience that we treasure," Karsh said.
Rubenstein, co-founder of The Carlyle Group and chairman of the Duke Board of Trustees, was one of the students who benefited from a scholarship. "I've been indebted to Duke ever since," said the 1970 graduate.
"Duke Forward is going to help Duke University propel itself to be one of the best universities in the world," said Rubenstein, whose gifts include more than $12 million to the Sanford School of Public Policy, $15 million to the Innovation & Entrepreneurship initiative, $10 million to the Duke Athletics Department and $13.6 million to Duke University Libraries, the largest commitment ever made to the library system.