(CNN) - The Ronald Reagan Presidential Foundation passed its $100 million endowment goal Sunday on the late president's 100th birthday.
The milestone is the culmination of over two years of fundraising to ensure the work of the Foundation continues "in perpetuity," according to a press release.
"We couldn't have asked for a better present on President Reagan's 100th birthday," Frederick Ryan, Chairman of the Board of Trustees of the Ronald Reagan Presidential Foundation said. "It is clearly a testament to the fact that one man can make a difference."
In a statement, John Heubusch, executive director of the foundation said the funds will ensure that the "next generation of leaders has the opportunity to learn about President Reagan," as well as maintain and expand the Reagan Foundation and Library.
Sunday's celebrations will include keynote remarks by former Secretary of State James Baker, a 21-gun salute, an F-18 flyover and the official laying of the presidential wreath on Reagan's memorial site.