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Monday, 14 June 2010

Major Fund-Raising Campaign Ends for Israeli Technology Institute

CHRONICLE OF HIGHER EDUCATION

GLOBAL NEWS TICKER June 14, 2010

The American Technion Society announced on Monday that it had completed a $1-billion fund-raising campaign on behalf of the Technion-Israel Institute of Technology, in Haifa. The campaign started in 1996. “This was the largest campaign ever for an American organization raising funds for Israeli higher education,” said Kevin Hattori, a spokesman for the New York-based society. The largest single donation was $50-million, for the Lorry I. Lokey Interdisciplinary Center for Life Sciences and Engineering. In the 14-year campaign, 61 percent of the gifts were valued at $1-million or more. The funds go to support new buildings, research centers and programs, faculty fellowships, and scholarships. Despite the economic downturn, the campaign, dubbed “Shaping Israel’s Future," was completed just eight months behind schedule.

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