October 8, 2004

New York U. Embarks on Big Campaigns -- to Raise $2.5-Billion and to Hire 125 More Professors

By AUDREY WILLIAMS JUNE

Becoming "the home for the next generation of intellectual leadership" is a lofty goal. Expensive, too.

New York University announced last week a seven-year campaign to raise $2.5-billion, one of the largest fund-raising efforts in higher education. The institution is also poised to hire 125 faculty members in the arts and sciences over the next five years.

NYU has already raised $1-billion in the quiet phase of the campaign. The university's president, John E. Sexton, who had