Monday, November 23, 2015

University of Sydney fundraising campaign reaches $600 million target two years early

Launched in 2008, the 10-year fundraising campaign was the first and most ambitious of its kind in Australian higher education. With its original goal now realised, INSPIRED’s new target has been revised to $750 million by the end of 2017.

University of Sydney< Australia
The University of Sydney has reached its fundraising goal (Photo credit: University of Sydney)

“We’ve reached this goal thanks to more than 43,000 generous supporters who have donated to the university since the campaign began,” said Dr Michael Spence, Vice-Chancellor and Principal of the University of Sydney.

“Reaching our goal more than two years early demonstrates a common belief that the University is at the forefront of meaningful change to our society, pursuing ideas that will shape our future.

“The impact that we can make with $600 million is already being seen on a local, national and global scale. Setting a new target gives us the opportunity to do even more.”

Donations this year to INSPIRED include
  • $33.7 million, the largest single research donation in the University of Sydney's history, from Barry and Joy Lambert, to research the medical applications of cannabinoids for chronic illnesses
  • $15 million for the establishment of the Chau Chak Wing Museum
  • $10.8 million from the Susan and Isaac Wakil Foundation to establish 12 annual nursing scholarships for undergraduate and postgraduate student nurses
  • $5 million to the university’s Charles Perkins Centre to fast-track child health research, given by the Financial Markets Foundation for Children
  • $3.6 million raised in 24 hours from 1,000 donors from the Pave the Way online and campus fundraising challenge
  • $2 million from sleep apnea expert and University of Sydney Professor Colin Sullivan to bolster research into sleep and its relationship to chronic disease
  • $3.6 million from the Abrahams family to establish a chair in oral and systemic health.
“The success of the campaign shows that the culture of philanthropy in Australia is growing at an unprecedented pace. This bodes well for universities across the nation, and for the University of Sydney in particular,” said Tim Dolan, Vice Principal (Advancement) at the University of Sydney.


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