aidtoeducation

aidtoeducation - C Council for Aid to Education 215...

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Page 1 Council for Aid to Education, 2008 C Council for Aid to Education 215 Lexington Avenue Contact: Ann E. Kaplan New York, NY 10016 212-217-0875 www.cae.org [email protected] FOR IMMEDIATE RELEASE Wednesday, February 20, 2008 CONTRIBUTIONS TO COLLEGES AND UNIVERSITIES UP BY 6.3 PERCENT TO $29.75 BILLION WEALTHY UNIVERSITIES DRIVE NATIONAL TRENDS ALUMNI GIVING AND ALUMNI PARTICIPATION DECLINE FOUNDATION GIVING UP 19.7 PERCENT. FAMILY FOUNDATIONS PLAY KEY ROLE IN INCREASE Contributions to the Nation’s Colleges and Universities Reach $29.75 Billion Charitable contributions to colleges and universities in the United States grew by 6.3 percent in 2007, reaching $29.75 billion, according to results of the annual Voluntary Support of Education (VSE) survey, released today by the Council for Aid to Education (CAE). Over the past ten years, the average increase in contributions to higher education institutions has been 6.5 percent. The $29.75 billion raised in 2007 is the highest total ever reported. The 20 institutions that raised the most in 2007 received $518.34 million more than they did in 2006, which accounts for 29.6 percent of the total 2007 increase. Stanford University raised more money from private donors than any other university, followed by Harvard University and the University of Southern California. The nation’s top twenty fundraising universities (and dollars received) in 2007 are: 1. Stanford University ($832.35 million) 2. Harvard University ($613.99 million) 3. University of Southern California ($469.65 million) 4. Johns Hopkins University ($430.46 million) 5. Columbia University ($423.85 million) 6. Cornell University ($406.93 million) 7. University of Pennsylvania ($392.42 million) 8. Yale University ($391.32 million) 9. Duke University ($372.33 million) 10. University of California, Los Angeles ($364.78 million) 11. Massachusetts Institute of Technology ($329.16 million) 12. University of Chicago ($328.33 million) 13. University of Wisconsin-Madison ($325.34 million)
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Page 2 Council for Aid to Education, 2008 14. University of Washington ($300.20 million) 15. University of Michigan ($293.40 million) 16. University of Minnesota ($288.75 million) 17. New York University ($287.59 million) 18. University of Virginia ($282.61 million) 19. Indiana University ($278.55 million) 20. University of California, San Francisco ($251.95 million) These top 20 institutions raised $7.66 billion, 25.8 percent of all the 2007 contributions to higher education institutions. Yet, the top 20 institutions only represent 2 percent of the survey respondents. The results from the nation’s wealthiest institutions also affect national alumni giving trends, as detailed below. Alumni Giving Declines After Big Increase in Prior Year
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This note was uploaded on 04/25/2008 for the course ECO 100 taught by Professor Chambers during the Spring '08 term at Endicott.

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aidtoeducation - C Council for Aid to Education 215...

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