PSU says it’s exceeded $2B fundraising goal
HARRISBURG (AP) – Penn State announced Saturday it blew past the $2 billion goal in a seven-year fundraising campaign that has expanded student scholarships, brought a big-time hockey program to campus and built a new children’s hospital in Hershey.
The university’s “For the Future” effort has generated nearly $2.2 billion with more than two months left in the campaign and despite what has been a rough economy and the negative attention brought by the Jerry Sandusky child molestation scandal.
“This is something that our donors get very passionate about, helping our students,” said Peter Tombros, a biotech and pharmaceutical executive who chaired the campaign. “It’s been very important to our history, and it was very important in this campaign.”
More than 600,000 people contributed, which the university believes may be a record. The money has funded more than 91,000 new individual scholarships.