Here’s one sign of a resurgent economy: Donations to U.S. colleges and universities for the year that ended last June set a new record at $33.8 billion. That number, up 9 percent from the previous year, topped the old mark of $31.6 billion that was reported back in 2009.
The leader among schools was Stanford, which has been the leading money-raiser for a decade now. The California university raised $931.6 million in donations - which was actually down from 2012, when it collected more than $1 billion. Stanford has topped this list for a decade now. Harvard finished second by raising $792.3 million, but it’s already the world’s wealthiest school with a $32.7 billion endowment.
Alumni giving increased 17 percent to $9 billion last year, up from $7.7 billion the year before. But there are fewer people giving: The percentage of alumni making gifts fell to 8.7 percent from 9.2 percent a year earlier.
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