Cornell University will add itself to the growing list of colleges that are seeking to raise $4-billion in private donations when its officials announce a new fund-raising campaign on Thursday.
Columbia University recently announced its own $4-billion campaign, and Stanford University this month kicked off a $4.3-billion effort, the largest ever in higher education. Yale University and the University of Virginia both publicly announced $3-billion campaigns in recent weeks.
Cornell’s $4-billion drive will be a joint effort between the university and its Weill Cornell Medical College, which is located in New York City. The centerpiece of the campaign is a new biomedical-research building in Manhattan. Funds will also be used for basic and medical research, hiring and retaining faculty members, and a new program in biomedical engineering, among other things.
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