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===Endowment and fundraising=== Ohio State was among the first group<ref>{{cite web |url=http://www.osu.edu/osu/newsrel/Archive/99-02-05_Trustees:_Endowment_Tops_$1_Billion.html |title=Ohio State endowment tops $1 Billion 2β5β99, Ohio State News |publisher=Osu.edu |access-date=October 1, 2011 |url-status=dead |archive-url=https://web.archive.org/web/20110720024611/http://www.osu.edu/osu/newsrel/Archive/99-02-05_Trustees:_Endowment_Tops_$1_Billion.html |archive-date=July 20, 2011 }}</ref> of four public universities to raise a $1 billion [[financial endowment|endowment]] when it passed the $1 billion mark in 1999. At the end of 2005, Ohio State's endowment stood at $1.73 billion, ranking it seventh among public universities and 27th among all American universities.<ref>{{cite web |url=http://www.nacubo.org/documents/research/FY05NESInstitutionsbyTotalAssets.pdf |archive-url=https://web.archive.org/web/20060220074532/http://www.nacubo.org/documents/research/FY05NESInstitutionsbyTotalAssets.pdf |url-status=dead |archive-date=February 20, 2006 |title=National Merit and Achievement Scholars, 1995β2004 |date=2006 |publisher=National Association of College and University Business Officers }}</ref> In June 2006, the endowment passed the $2 billion mark. In recent decades, and in response to continually shrinking state funding, Ohio State has conducted two significant multi-year [[fundraising]] campaigns. The first concluded in 1987 and raised $460 million, a record at the time for a public university. The "Affirm Thy Friendship Campaign" took place between 1995 and 2000. With an initial goal of raising $850 million, the campaign's final tally was $1.23 billion, placing Ohio State among the small group of public universities to have successfully conducted a $1 billion campaign.<ref>{{cite web |url=http://www.homepages.indiana.edu/022505/text/iuf.shtml |title=Top 15 Public University Endowments as of June 30, 2004 |publisher=Homepages.indiana.edu |access-date=October 1, 2011 |url-status=dead |archive-url=https://web.archive.org/web/20110928181444/http://www.homepages.indiana.edu/022505/text/iuf.shtml |archive-date=September 28, 2011 }}</ref> At his welcoming ceremony, returning President E. Gordon Gee announced in the fall of 2007 that Ohio State would launch a $2.5 billion fundraising campaign. In 2019, celebrating the university's 150th year, President Michael V. Drake announced the "Time and Change Campaign"<ref>{{cite web|url=https://campaign.osu.edu/|title=Time and Change: The Ohio State Campaign|last=University|first=Β© 2019 The Ohio State|date=September 23, 2019|website=The Ohio State University|language=en|access-date=October 23, 2019|archive-date=July 19, 2024|archive-url=https://web.archive.org/web/20240719022207/https://campaign.osu.edu/|url-status=live}}</ref> with a goal of raising $4.5 billion from 1 million individual donors.<ref>{{cite web|url=https://news.osu.edu/time-and-change-the-ohio-state-campaign-strives-to-engage-1m-supporters/|title=Time and Change: The Ohio State Campaign strives to engage 1M supporters|website=Time and Change: The Ohio State Campaign strives to engage 1M supporters|language=en-us|access-date=October 23, 2019}}</ref>
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