New York University - Budget and Fundraising

Budget and Fundraising

New York University has successfully completed a seven-year, $2.5 billion campaign, surpassing expectations by raising more than $3 billion over the seven-year period. Started in 2001, this campaign was the university's largest in its history, in which they planned to "raise $1 million per day for scholarships and financial aid, faculty building, new academic initiatives, and enhancing NYU's physical facilities". The campaign included a $50 million gift from the Tisch family (after which one building and the art school are named) and a $60 million gift from six trustees called "The Partners Fund", aimed at hiring new faculty. On October 15, 2007 the university announced that the Silver family donated $50 million to the School of Social Work, which will be renamed as a result. This is the largest donation ever to a school of social work in the United States.

The 2007–2008 academic year was the most successful fundraising year to date for NYU, with the school raising $698 million in only the first 11 months of the year, representing a 70% increase in donations from the prior year. The University also recently announced plans for NYU's Call to Action, a new initiative to ask alumni and donors to support financial aid for students at NYU.

The university has announced a 25-year strategic development plan, scheduled to coincide with its bicentennial in 2031. Included in the "NYU 200" plans are increasing resident and academic space, hiring additional exemplary faculty, and involving the New York City community in a transparent planning process. Additionally, NYU hopes to make their buildings more environmentally friendly, which will be facilitated by an evaluation of all campus spaces. As a part of this plan, NYU purchased 118 million kilowatt-hours of wind power during the 2006–2007 academic year – the largest purchase of wind power by any university in the country and any institution in New York City. For 2007, the university expanded its purchase of wind power to 132 million kilowatt-hours. As a result, the EPA ranked NYU as one of the greenest college in the country in its annual College & University Green Power Challenge.