BREAKING: Mercer announces $400 million capital campaign

Mercer University is launching a campaign to raise $400 million, according to a news release from the university.

Among the new facilities to be built with the funding are: a $15 million medical facility in Savannah, a $25 million science facility in Macon, a $20 million pharmacy building in Atlanta and a $3 million baseball stadium in Macon.

In total, more than $109 million will be devoted to capital projects such as the new facilities, $207 million will go toward endowments such as scholarships and $84 million is earmarked for operations.

The campaign is called "Aspire, the Campaign for Mercer University," and was officially announced by university president Bill Underwood Friday night.

According to Underwood, Mercer already has $90 million in gifts and pledges.

"By engaging our alumni and friends to join this effort, the university will achieve a stronger endowment, enhance its facilities, and expand its capacity to teach, to learn, to create, to discover, to inspire, to empower and to serve," said Underwood in the release.