Harvard University has unveiled fundraising campaign for future research and education. The richest university in United States plans to raise $6.5 billion by year 2018 and also has construction plans at campus. Harvard will also spend more on research work in energy, stem cells and neuroscience.

Harvard will spend 25 percent of amount on student financial aid, 45 percent on new research projects and 20 percent on renovation & construction plans. The university has already received $2.8 billion in pledges and donation in past two years. Harvard announced the campaign at event attended by Microsoft co-founder Bill Gates. However, Bill Gates did not announce any donation for the current campaign of Harvard.

During the pre-launch silent phase of fundraising, Harvard has already raised $2.8 billion from 90,000 plus donors. Harvard has been ranked at No. 2 in United States, after Princeton in a report published in U.S. News & World.

In year 2011, University of Southern California announced its plan to raise $6 billion for expansion and research.