▁end owed , ▁bringing ▁the ▁university ▁total ▁to ▁ 4 7 1 ▁. ▁Like ▁nearly ▁all ▁colleg es ▁and ▁univers ities , ▁U - M ▁suffered ▁significant ▁realized ▁and ▁un real ized ▁losses ▁in ▁its ▁end ow ment ▁during ▁the ▁second ▁half ▁of ▁ 2 0 0 8 . ▁In ▁February ▁ 2 0 0 9 , ▁a ▁university ▁sp ok esp erson ▁estimated ▁losses ▁of ▁between ▁ 2 0 ▁and ▁ 3 0 ▁percent . ▁ ▁In ▁November ▁ 2 0 1 3 , ▁the ▁university ▁launched ▁the ▁" V ict ors ▁for ▁Michigan " ▁campaign ▁with ▁a ▁$ 4 ▁billion ▁goal . ▁ ▁In ▁ 2 0 1 7 , ▁the ▁university ▁announced ▁that ▁the ▁campaign ▁had ▁met ▁the ▁goal ▁ 1 8 ▁months ▁ahead ▁of ▁schedule . ▁In ▁ 2 0 1 8 , ▁the ▁university ▁announced ▁that ▁the ▁original ▁$ 4 ▁billion ▁campaign ▁had ▁exceed ed ▁its ▁goal ▁by ▁raising ▁$ 5 ▁billion ▁from ▁ 3 8 2 , 0 0 0 ▁don ors . ▁ ▁Student ▁government ▁ ▁H oused ▁in ▁the ▁Michigan ▁Union , ▁the ▁Central ▁Student ▁Government ▁( CS G ) ▁is ▁the ▁central ▁student ▁government ▁of ▁the ▁University . ▁With ▁represent atives ▁from ▁each ▁of ▁the ▁University ' s ▁colleg es ▁and ▁schools , ▁including ▁gradu ate ▁students , ▁CS G ▁represents ▁students ▁and ▁man ages ▁student ▁funds ▁on ▁the ▁campus . ▁CS G ▁is ▁a ▁ 5 0 1 ( c )( 3 ) ▁organization , ▁independent ▁from ▁the ▁University ▁of ▁Michigan . ▁In