Thursday, March 3, 2005
Harvard, Stanford top universities in donations
According to this New York Times story (registration required), donations to colleges and universities increased by 3.4% (0.7% after adjusted for inflation) to $24.4B in the year that ended in June 2004 according to a report by the Council for Aid to Education:
Harvard, which led the list for the 27th time in the past 36 years, received $540 million, slightly below the $545 million it received the previous year. Stanford saw its contributions climb 8 percent last year, to $524 million.
...Alumni were the largest source of charitable giving last year, accounting for $6.7 billion, or 28 percent of the total. Other big sources were foundations, $6.2 billion; individual donors who were not alumni, $5.2 billion; and corporations, $4.4 billion.