(BLOOMINGTON) - Despite hard economic times, and already being in the top-dozen for fundraising, Indiana University has decided to up their fundraising goal by $100 million to $1.1 billion, a 10% increase.
Though the US economy is in a deep recession, bad times for the workforce often lead to better times for academic institutions, since a number of those newly unemployed tend to go back to school, either to learn a new trade or career or just increase their skill set and thus, their marketability for new jobs that will eventually return.
IU Foundation President Gene Tempel says that challenging times call for more creative fundraising methods, but he says that IU has already raised $300 million for this year's campaign, and expects to do well overall.
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