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Stanford sets fundraising record

A five-year fundraising drive paid off for Stanford University, which raised $6.2 billion–the most money ever raised by a university during a donor campaign:

The money is providing funding for more than 160 endowed faculty positions, 360 graduate student fellowships, the construction or renovation of 38 campus buildings, $27 million in seed grants for innovative research and more than $250 million for need-based undergraduate scholarships.

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