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
