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DES MOINES, Iowa (AP) — Drake University says it has surpassed a $200 million fundraising goal nearly six months ahead of its planned target date. The Des Moines-based privately held university says it has commitments from more than 22,000 donors. Contributions include more than 60 gifts of $1 million or more.
The university says $46 million will support scholarship programs and $36 million will enhance teaching and learning through endowed faculty positions and faculty development funds. More than $45 million will support new construction and renovation projects on campus. More than $110 million in gifts have been designated to the University's endowment fund.
The drive was launched in October 2010 and had a goal of reaching $200 million by June 30.
Drake has more than 3,300 undergraduate and 1,700 graduate students.
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