U.S. Universities Raised a Record $40.3 Billion Last Year
- U.S. colleges raised a record $40.3 billion in fiscal 2015
- Eight gifts of $100 million or more went to four universities
The Main Quadrangle of Stanford University in Palo Alto, California, USA was completed in 1906 is seen with shadows of palm trees cast on the buildings. Campus landmark Hoover Tower, completed in 1941, is visible in the background.
Photographer: David Madison/Getty ImagesStanford University beat Harvard University once again in annual donations as U.S. universities raised a record $40.3 billion, bolstered by at least eight gifts of $100 million or more including art and rare books.
In the year through June 30, Stanford led with $1.63 billion, a record for an individual school, according to a survey released Wednesday by the New York-based Council for Aid to Education, which tracks university giving. Harvard ranked second with $1.1 billion. About 1,000 schools responded to the survey, and the group used data to estimate a total for institutions that didn’t respond.