Paul L. Caron

Wednesday, January 28, 2015

Charitable Donations to Colleges Reached All-Time High in 2014 ($38 Billion)

Top 10Wall Street Journal, Harvard, Stanford Lead Record Year for College Gifts; $37.5 Billion Is 10.8% Jump; Top 10 Schools Bring in 18% of Donations:

Colleges and universities received a record $37.5 billion in donations last year, led by massive gifts to Harvard University, Stanford University and other already-wealthy schools.

The new high, a 10.8% jump from the prior year, was due in part to stock-market increases that boosted capital gifts, as well as a jump in donations of art, according to an annual survey being released Wednesday by the nonprofit Council for Aid to Education. ...

The top 10 recipients brought in nearly 18% of all gifts last year, up from 15% a decade earlier, according to Ann E. Kaplan, who directs the survey.

Inside Higher Ed, Deep-Pocket Donors:

Top Fund-Raisers in 2014

Institution Raised in 2014
1. Harvard  $1.16 billion
2. Stanford $929 million
3. USC $732 million
4. Northwestern $616 million
5. Johns Hopkins $615 million
6. Cornell $546 million
7. Texas $529 million
8. Pennsylvania $484 million
9. University of Washington $478 million
10. Columbia $470 million
11. NYU $456 million
12. UC-San Francisco $445 million
13. Duke $437 million
14. Michigan $433 million
15. Yale $430.31 million
16. UCLA $430.28 million
17. Chicago $405 million
18. UC-Berkeley $390 million
19. MIT $375 million
20. Indiana $341 million

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Well maybe they might consider giving more grants to students rather than students relying on pell grants, Cal grants, student loans and parent plus loans? My daughter goes to $60k yearly Jesuit school, works 30 hours a week, maintains a 3.8 gpa and qualifies for cal/pell grants of $10k but gets a lousy $2200 grant per year from her university. I think it would be nice to give some of that endowment money to struggling students. I know she should go to less expensive California public university but good luck getting in anymore.

Posted by: DeannaG | Jan 29, 2015 6:33:10 PM

"Paying Tuition to a Giant Hedge Fund: Harvard's academic mission is dwarfed by its $30 billion endowment." By Ron Unz

Posted by: Walter Sobchak | Jan 29, 2015 7:31:11 PM

Not to be critical, but with that kind of dough why do they have to charge tuition at all?

Posted by: Alan | Jan 30, 2015 1:37:44 AM