Harvard University has raised more than $7 billion so far in its capital campaign blasting its own goal, according to the Harvard Crimson.
According to the school, 45 percent will go to teaching and research, 25 percent will go to financial aid and “the student experience,” 20 percent will be used for capital improvements, and the remaining 10 percent will serve as “flexible funding to foster collaborations and initiatives.
The Crimson also previously reported that the funds would be focused on development in Allston, expansion of the School of Engineering and Applied Sciences, creation of common spaces, and the advancement of HarvardX, the University’s branch of the edX platform.
However, it is unclear yet how, and at what percentage, this huge funding will benefit HarvardX and the edX platform.
Harvard has $37.6 billion in its endowment.