Pursuits
Stanford Collects $1.6 Billion in Donations, Surpassing Harvard
- Rich universities have attracted mega gifts from billionaires
- Stanford gifts include art collection valued at $626 million
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Stanford University collected $1.6 billion in donations in the fiscal year through August, including $626 million in art and special collections, the school said in an annual report released Thursday.
Stanford surpassed Harvard University, which said in October it collected $1 billion in the fiscal year through June. Harvard, based in Cambridge, Massachusetts, had also previously held the record for the most donations in a single year, when it collected $1.2 billion in fiscal 2014, according to the Council for Aid to Education. The group is still collecting data for fiscal 2015 donations.