A mere 18 months have passed since Harvard Business School (HBS) launched an ambitious $1B fundraising campaign, but the school is already nearing its goal well before the 2018 deadline. The campaign, which had already drawn more than $600M before its public launch in April 2014, has now raised a total of more than $860M. The business school’s $1B goal is the second largest among all the schools in Harvard’s university-wide fundraising campaign—only the Faculty of Arts and Sciences goal is higher at $2.5B. Harvard’s overall goal is to raise $6.5B.
The business school plans to spread the funds across various needs, including faculty research, financial aid for students, and an ongoing campus construction project. In addition, the gifts will help fund HBS’s online education programs CORe and HBX Live.