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Texas Tech Reaches $1 Billion Fundraising Mark in Vision & Tradition Capital Campaign

kimberlykv, Flickr

Texas Tech has raised more than $1 billion during their recent capital campaign.

Vision & Tradition: The Campaign for Texas Tech, surpassed the $1 billion goal with help from more than 120,000 donors, making it the most successful capital campaign in the university’s history.

“This is a historic moment for the Texas Tech University System,” said Chancellor Kent Hance. “Surpassing the $1 billion milestone nearly a year ahead of schedule is a remarkable accomplishment and a direct testament to the overwhelming support from our loyal donors. So many people have contributed to the success of this campaign, and we cannot thank you all enough.”

Donations came from 39 countries and all 50 states.

Around $145 million is being used for scholarships, more than $70 million is set aside for faculty endowments, and more than $470 million is going towards academic programs, research, and other university initiatives.

Also, $315 million is being invested in campus development. Due to the campaign, 20 buildings were built, renovated, or are currently under construction using funds from the campaign.

The campaign originally kicked off in September of 2010.

Only three institutions in the state of Texas and fewer than 70 universities nationwide have completed a $1 billion fundraising campaign.

“Although we have reached our goal, we are not finished yet,” said Hance. “There is still time to be part of the Vision & Tradition campaign, and even once it’s finished, we will continue to raise money for a greater future for the Texas Tech University System.

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