The union is mandated to fight for Christmas exams, a mandate that most students never voted on, and that most do not know exists.
The first development as part of the investment, on Dublin's Mill Street, has already received planning permission.
The award was presented today at the Royal College of Physicians of Ireland.
The funding will support the hiring of ten new researchers in Trinity.
Those present at a meeting in the Arts Block tonight agreed on bringing a “broad” motion to the next council meeting on December 15th.
Speaking at the launch, Heather Humphreys TD, said the programme would “act as a hub of activity and analysis as we mark the centenary of the Easter Rising”.
The annual event, which this year raised funds mainly for St James’s Hospital and Tallaght Hospital, saw an increase in last year's total by €6,000.
Ahead the of COP21 Conference in Paris, Trinity students reiterated their call for Trinity to divest from the fossil fossil fuel industry.
Leaders have little faith in a favourable HSE decision, due sometime before Christmas.
The target comes as part of the 2014-2019 strategic plan announced last year.