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Ann Arbor – University of Michigan President Mark Schlissel was granted a 3.5 percent pay raise Thursday by the school’s Board of Regents.

“We think you are doing a great job,” Regent Andrew Richner told Schlissel, according to a university Twitter account.

With the raise, Schlissel will make a base salary of more than $823,000, up from $795,675. The regents gave the UM president a 3 percent raise last year.

Schlissel, 59, became UM’s 14th president three years ago.

During the regents’ meeting, Vice President for Development Jerry May told the board that UM raised $476 million as part of the Victors for Michigan campaign in the fiscal year that ended June 30.

The campaign, which has 16 months left, surpassed its $4 billion goal in April and had raised $4.24 billion as of Aug. 31.

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