The campaign begins at a critical juncture in the University's history.
It comes at a time when we are closer than ever to fulfilling Jefferson's vision of a great public university of national scope and character. It also comes at a time when we are forging a new relationship with the Commonwealth of Virginia.
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The state has long struggled to provide adequate funding for its public colleges and universities. In 2005, it passed Higher Education Restructuring legislation that will help the University overcome this challenge by making it more autonomous, more efficient, and more self-reliant.
While taking measures to remain affordable to all students, regardless of their means, the University will depend more than ever on tuition and fees, which will increase at a measured and predictable pace. The University also will depend more than ever on support from alumni, parents, and friends.
 The purpose of this campaign, however, is not simply to replace state tax dollars, which currently provide only about 8 percent of the University's $2 billion annual operating budget and only 14 percent of the Academic Division budget. Rather, its purpose is to create a new model in American higher education: a privately financed public university with the means to chart its own course toward global excellence.
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