Charitable Giving to Colleges Grew to a Record $28 billion; Top 20 Colleges and Sources

Charitable contributions to higher education grew 9.4% to a record $28 billion in the last academic year, according to a report by the Council for Aid to Education. Contributions to Stanford University rose 50% to top $911.6 million, the largest amount ever raised by a U.S. university in a year, according to the report.
Top Twenty Institutions By Amount Raised
Institution Amount ($)

1 Stanford University (CA)

911,163,132

2 Harvard University (MA)

594,941,000

3 Yale University (CT)

433,461,932

4 University of Pennsylvania (PA)

409,494,598

5 Cornell University (NY)

406,228,837

6 University of Southern California (CA)

405,745,421

7 Johns Hopkins University (MD)

377,336,025

8 Columbia University (NY)

377,276,204

9 Duke University (NC)

332,034,301

10 University of Wisconsin-Madison (WI)

325,938,048

11 University of California, Los Angeles (CA)

319,580,552

12 University of Washington (WA)

316,251,912

13 New York University (NY)

279,918,813

14 University of Minnesota (MN)

266,991,894

15 Northwestern University (IL)

253,401,792

16 University of Michigan (MI)

251,476,551

17 Indiana University (IN)

247,520,018

18 University of California, Berkeley (CA)

245,966,241

19 University of Chicago (IL)

237,117,399

20 University of North Carolina at Chapel Hill (NC)

236,579,182

Source: Council for Aid to Education

Funding Sources:

Just over half of the $28 billion raised in 2006 came directly from individuals. Alumni giving grew by 18.3% in 2006, while individuals other than alumni increased their giving by 14%.

Corporate giving represents 16.4% of giving to higher education institutions in 2006, an increase of 4.5% over the 2005 amount. 

As an overall percentage, 20% to 25% of charitable giving is going to about 20 schools, while the rest of the 4,500 institutions must scramble for the remaining dollars," said Ann E. Kaplan, director of the annual survey.

The 1,014 institutions that participated in the 2006  annual Voluntary Support of Education (VSE) survey represent about a third of the nation’s four-year institutions, including 77% of research and doctoral-granting institutions.

Related: Contributors Give Colleges $28 Billion - WSJ

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