After the end of the Clinton administration in 2001, Shalala became president of the University of Miami (UM). She created a UM fundraising campaign called "Momentum," designed to raise UM's endowment from approximately $750 million to $1 billion; the goal was later increased to $1.25 billion by the end of 2007. In February 2012, the University of Miami announced Momentum2: The Breakthrough Campaign for the University of Miami, with $906 million already raised at the time of the public launch. On October 26, 2012, UM announced that Momentum2 hit the $1 billion mark, on track to reach the fundraising goal of $1.6 billion in 2016.