Chancellor Philip DiStefano addressed short and long-term goals of the university including enrollment, research funding and athletic facility upgrades Thursday afternoon in Old Main.

DiStefano set a fundraising goal of $100 million per year and said campus will have to work as a team in order to double CU’s previous goal of $50 million a year. This fundraising would bolster plans for new athletic facilities and various other facility upgrades across campus that are not funded by tuition revenue.

Chancellor DiStefano also expressed his appreciation for the recently approved 8.7 percent hike in tuition, thanking the board of regents for, “recognizing the importance of retaining our best staff.”

He placed heavy emphasis on increasing the percentage of international enrollment here at CU in an effort to strengthen the university’s diversity and international relations.

University of Colorado President Bruce Benson will hold his own town hall meeting with an update on the state of the university from 2:30-3:30 p.m. Wednesday in Old Main.

See DiStefano’s full speech below.

Courtesy CU Jounalism

Contact CU Independent Staff Photographer Nate Bruzdzinski at Nathan.bruzdzinski@colorado.edu