UC Riverside has passed its $300 million goal in its first comprehensive fundraising campaign.
“Living the Promise: The Campaign for UC Riverside,” started in October 2016 and will close Dec. 20 of this year, according to a statement on the university’s website.
“This is a critical milestone for UC Riverside, especially for a first campaign with an ambitious target,” Chancellor Kim Wilcox said in the statement. “The success of Living the Promise will be manifest in the experience of [our] students and in the excellence of [our] research.”
Nationwide, donations to higher education have slowed during COVID-19, but UC Riverside has seen a 21 percent increase in the past year. The school’s fundraising priorities in that time were for programs, faculty research, student support, and facilities.
Private fundraising is crucial for California’s public universities. State support for University of California campuses dropped from 84 percent in 1990 to 42 percent at the start of this year, according to the statement.