UT begins $6 billion fundraising campaign, biggest ever among Texas universities

About $1 billion will go to support students, as the cost of living in Austin skyrockets.

By: UB Staff | March 7, 2022

The University of Texas at Austin announced the biggest philanthropic campaign ever undertaken by a Texas university, pledging to raise $6 billion, with one-sixth of that sum to pay for student scholarships and support.

The $1 billion for students is believed to be the largest fund-raising goal for such purposes in the history of public higher education and is part of the institution’s aim to become the “highest-impact public research university in the world,” administration officials said.

“We face incredible opportunities as we pursue our goal of becoming the world’s most impactful public research university,” President Jay Hartzell said in a statement. “We will accomplish this by continuing to attract highly talented people, by taking advantage of our unique place in Austin and Texas, and by focusing on transformative pursuits.”