donations to colleges

College donations climb to a record
— reported by the Houston Chronicle

Donors gave an all-time record of at least $25.6 billion to American colleges and universities in 2005, an increase of 4.9 percent over the year before, thanks largely to greater generosity from alumni and foundations.

Stanford raised $603.6 million, more than any other university last year, and the second-highest total ever behind Harvard’s $683 million in 2001, according to the annual survey released last week by the Council for Aid to Education.

Second was the University of Wisconsin-Madison, with $595.2 million, including a $296 million foundation grant awarded to its medical school after the conversion of Blue Cross & Blue Shield of Wisconsin to a for-profit company.

Next was Harvard ($589.9 million), the University of Pennsylvania ($394.3 million) and Cornell ($353.9 million).

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Author: Paloma Cruz

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