The East Lansing school announced Friday the Empower Extraordinary campaign has raised significant money for improving its business and music colleges as well as health science research.
"We do appreciate the support of Spartans and our friends," said MSU President Lou Anna K. Simon on WKAR's "Morning Edition with Brooke Allen" on Friday morning.
"Much of this is not simply people who've graduated from Michigan State but many people who've invested in the future of Michigan State. And we deeply appreciate their trust and we'll use their resources wisely on behalf of our students, faculty and all of our stakeholders."
MSU will boost the number of endowed faculty positions.
The university says it has created about 1,200 funds for scholarships.
Officials say roughly 230,000 alumni and others have contributed to the campaign. About 60 percent of the gifts have come from individual donors, and graduates have contributed 36 percent.
The campaign, launched in 2014, continues through the end of next year.