Updated

A former university president will be the next president and CEO of the Newseum, a museum about journalism and the First Amendment in Washington that has been struggling to cover its costs.

On Thursday, the Newseum is naming political scientist Jeffrey Herbst as its next chief executive. Herbst recently stepped down as president of Colgate University after five years at the Hamilton, New York, school. He joins the Newseum on Aug. 3.

Herbst is credited with leading Colgate's recent $480 million fundraising campaign, which he extended by $54 million above the initial goal.

Newseum officials say Herbst stood out for his leadership and fundraising skills.

The Newseum has struggled for years to raise enough funds to cover its costs since opening a new facility along Washington's Pennsylvania Avenue in 2008.