WINSTON-SALEM — Wake Forest University and its medical center have announced a major drive to raise $1 billion during the next five years.
The fundraising campaign has already secured $448 million in pledges and donations toward the goal. The university has raised $315 million toward its $600 million goal, while Wake Forest Baptist Medical Center has brought in $133 million toward a $400 million target.
The drive is the largest in Wake Forest history. Publicly launched Thursday night, it is dubbed Wake Will: The Campaign for Wake Forest.
University officials said $190 million will go to student scholarships, $130 million will go to endowed professorships and and $280 will go to facilities and other programs.