iversities at that time, as well as the fastest growing endowment in the nation over the last 21 years.[56] The endowment is primarily used according to the donors' wishes, which include the support of teaching and research. In mid-2000, U-M embarked on a massive fund-raising campaign called "The Michigan Difference," which aimed to raise $2.5 billion, with $800 million designated for the

 the College of Engineering, and the Ross School of Business.[54] At the graduate level, the Rackham Graduate School serves as the central administrative unit of graduate education at the university.[55] There are 18 graduate schools and colleges, the largest of which are the College of Literature, Science, and the Arts, the College of Engineering, the Law School, and the Ross School of Business. Professional degrees are conferred by the Schools of Public Health, Dentistry, Law, Medicine, and Pharmacy.[54] The Medical School is partnered with the University of Michigan Health System, which comprises the university's three hospitals, dozens of outpatient clinics, and many centers for medical care, research, and education.
Endowment[edit]
As of May 2013, U-M's financial endowment (the "University Endowment Fund") was valued at $8.46 billion.[1] In 2008, Michigan's endowment was the seventh largest endowment in the U.S. and the third-largest among U.S public universities at that time, as well as the fastest growing endowment in the nation over the last 21 years.[56] The endowment is primarily used according to the donors' wishes, which include the support of teaching and research. In mid-2000, U-M embarked on a massive fund-raising campaign called "The Michigan Difference," which aimed to raise $2.5 billion, with $800 million designated for the permanent endowment.[57] Slated to run through December 2008, the university announced that the campaign had reached its target 19 months early in May 2007.[58] Ultimately, the campaign raised $3.2 billion over 8 years. Over the course of the capital campaign, 191 additional professorships were endowed, bringing the university total to 471 as of 2009.[59] Like nearly all colleges and universities, U-M suffered significant realized and unrealized losses in its endowment during the second half of 2008. In February 2009, a university spokesperson estimated losses of between 20 and 30 percent.[60]
Student government[edit]
White-colored stone building with columns in the center of the facade

Central Campus: Angell Hall, one of the major buildings of the College of Literature, Science, and the Arts
Housed in the Michigan Union, the Central Student Government (CSG) is the central student government of the University. With representatives from each of the University's colleges and schools, the CSG represents students and manages student funds on the campus. In recent years CSG has organized airBus, a transportation service between campus and the Detroit Metropolitan Wayne County Airport, and has led the university's efforts to register its student population to vote, with its Voice Your Vote Commission (VYV) registering 10,000 students in 2004. VYV also works to improve access to non-partisan voting-related information and increase student voter turnout.[61] CSG has also been successful at reviving Homecoming activities, including a carnival and parade, for students after a roughly eleven-year absence in October 2007.[62]
There are student governance bodies in each college and school. The two largest colleges at the University of Mich