Washington and Lee University: 7 years, $542 million raised
LEXINGTON, Va. (AP) - Washington and Lee University has concluded a seven-year fundraising campaign, far exceeding its $500 million goal.
The Lexington school says the campaign concluded Wednesday having raised more than $542 million. That's 8 percent above the initial goal.
Sixty-one percent of the money is going to Washington and Lee's endowment. As of May, it had a market value approaching $1.5 billion.
Other areas to benefit from the fundraising include scholarships and financial aid, faculty salaries and new campus buildings, among others.
Copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.