Baylor University surpassed its $100 million fundraising goal to support students scholarships, meeting the goal with months to spare in the three-year campaign, the university announced Tuesday.
Baylor has raised $101.4 million for its Presidential Scholarship Initiative. President Ken Starr kicked off the effort in August 2010 based on students’ concerns about the rising cost of higher education.
“Right now is a time to say, ‘Thank you, Baylor Nation,’ ” Starr said in a Tuesday gathering announcing the fundraising total, according to a Baylor press release.
More than 80 percent of Baylor students receive financial assistance from the university, according to the release.
Starr issued the charge to raise the funds by the end of this year. He and his wife gave an initial $100,000 donation toward the initiative, creating the Ken and Alice Starr Endowed Scholarship Fund.
More than 11,000 supporters contributed to the effort, including 5,240 first-time donors, according to Baylor officials.
“This was the effort of the entire community coming together, and we will continue by God’s grace and with a whole lot of hard work,” Starr said.