The ability to attract greater research funds is needed to meet the goals of the plan, and the university has set a goal of $100 million annually. Fourteen years later, in FY2013, research expenditures reached this goal. To help raise money the university mounted a $1 billion capital campaign, of which the public phase began in September 2004 and was expected to finish by 2008. In 2001, a major milestone of the campaign was the pledging of an unrestricted gift of $360 million by an anonymous donor, believed to be the largest such gift to a U.S. university at the time. The university had been a relative stranger to such generosity as the prior largest single gift was $15 million. By September 2006, the $1 billion goal has been exceeded much in part to an in-kind contribution of software commercially valued at $513.95 million by the Partners for the Advancement of Collaborative Engineering Education (PACE). In light of this, the board of trustees increased the goal of the $1 billion capital campaign to $1.4 billion by 30 June 2009. The new goal was met by 1 October 2008.