Tulane Aiming To Raise $1 Billion In Donations

NEW ORLEANS (AP) — Tulane University is soliciting donations for an ambitious fundraising campaign that aims to raise at least $1 billion. Some of the money may be used to improve financial aid and build new student housing and another campus dining hall.

         Tulane President Michael Fitts tells The New Orleans Advocate’s Richard Thompson the university is talking to people who are very close to the institution's goals.

         Fitts, who is wrapping up his first semester at the helm of the private university, says he expects to publicly launch the campaign within two years.

         Many at Tulane are hopeful that his past success will continue. The school raised more than $700 million during its last major campaign, which ended in 2008. That effort began just months before Hurricane Katrina devastated New Orleans in 2005.

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