In the 18 years under the presidency of Edward Malloy, C.S.C., (1987–2005), there was a rapid growth in the school's reputation, faculty, and resources. He increased the faculty by more than 500 professors; the academic quality of the student body has improved dramatically, with the average SAT score rising from 1240 to 1360; the number of minority students more than doubled; the endowment grew from $350 million to more than $3 billion; the annual operating budget rose from $177 million to more than $650 million; and annual research funding improved from $15 million to more than $70 million. Notre Dame's most recent[when?] capital campaign raised $1.1 billion, far exceeding its goal of $767 million, and is the largest in the history of Catholic higher education.
When Malloy reached the end of his time as president how much annuals funding for research did Notre Dame have?
more than $70 million