Charitable contributions to colleges and universities increased in 2007, while alumni giving decreased, including a 6 percent drop at historically Black colleges and universities, according to a report released by the Council for Aid to Education (CAE).
The report, Voluntary Support of Education, revealed that while alumni giving declined, charitable donations for both traditionally White institutions (TWI) and historically Black colleges and universities both saw significant gains in private giving via foundations, corporations or religious organizations. Donations reached a record-breaking $29.75 billion.
The top 20 TWIs received $500 million more in 2007 than the previous year, according to a CAE survey. Stanford University accrued the most money from private donors, bringing in $832 million in donations, followed by Harvard University at $613 million and the University of Southern California at $469 million.
Top 10 Fundraising Universities in 2007 are:
1
Stanford University
$832.35 million
