The university's endowment, managed by the Stanford Management Company, was valued at $22.2 billion in August 2015, 3.6% over the previous year [REF].
In 2006, President John L. Hennessy launched a five-year campaign called the Stanford Challenge, which reached its $4.3 billion fundraising goal in 2009, two years ahead of time, but continued fundraising for the duration of the campaign.