College Donations
Harvard Received $1.4 Billion In Donations Last Year
Harvard's impressive haul came at the end of a five-year capital campaign that broke records for fundraising in higher education. The university had a goal of $6.5 billion and by the end of the campaign, it raised $9.6 billion. Stanford came second to Harvard in 2018, raising $1.1 billion. Columbia was close behind with $1.0 billion. The survey shows how several elite and wealthy colleges are attracting the lion's share of financial resources even though they account for a small portion of the student population.
As well as supporting education, donations to universities also help fund campus hospitals, museums and research facilities, among other institutions. When it comes to the origin of funding in 2018, $14 billion (30 percent ) was from foundations, $12.15 billion (26 percent) came from alumni, $8.57 billion (18.3 percent) was from nonalumni and the remaining $5.27 billion (11.3 percent) came from other organizations.
