In 2016, President Jackson announced during the Fall Town Hall Meeting that the institute was in the final stages of organizing a new capital campaign which it intends to launch in 2017 to meet the goals of the Rensselaer Plan 2024. The goal of the campaign was cited as being primarily for the support of financial aid for undergraduate students and the expansion of on-campus research facilities to accommodate planned increases in doctoral and graduate enrollment. The fundraising goal of the capital campaign is $1 billion, with over $400 million raised prior to the campaign going public.