North­eastern Uni­ver­sity announced today that it is launching a cam­paign to raise $1 bil­lion by 2017, according to a state­ment on the university’s website.

The uni­ver­sity said in the state­ment that it plans to fundraise $500 mil­lion in phil­an­thropic dona­tions and $500 mil­lion through gov­ern­ment and industry partnerships.

The “Empower” cam­paign will fund university-​​wide ini­tia­tives, par­tic­u­larly new co-​​op and research oppor­tu­ni­ties for students.

This his­toric cam­paign is about people empow­ering people,” Pres­i­dent Joseph E. Aoun said in the state­ment. “Since 1898, we have cham­pi­oned inno­va­tion, entre­pre­neur­ship, ser­vice, and the inte­gra­tion of study and real world experience—a tra­di­tion rooted in our co-​​op pro­gram. Today these values are reflected in our global expe­ri­en­tial edu­ca­tion oppor­tu­ni­ties and use inspired research. Northeastern’s momentum has been extra­or­di­nary, and the best is yet to come.”

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