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In 2006 President Hennessy launched a five-year campaign called the Stanford Challenge, which reached its $ 4. 3 billion fundraising goal in 2009, two years ahead of time, but continued fundraising for the duration of the campaign.
It concluded on December 31, 2011, having raised a total of $ 6. 23 billion and breaking the previous campaign fundraising record of $ 3. 88 billion held by Yale.
Specifically, the campaign raised $ 253. 7 million for undergraduate financial aid, as well as $ 2. 33 billion for its initiative in " Seeking Solutions " to global problems, $ 1. 61 billion for " Educating Leaders " by improving K-12 education, and $ 2. 11 billion for " Foundation of Excellence " aimed at providing academic support for Stanford students and faculty.
Funds supported 366 new fellowships for graduate students, 139 new endowed chairs for faculty, and 38 new or renovated buildings.
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