College Donations on the Rise

 

Earlier this year, the Council for Aid to Education released results of their annual survey, which showed that “charitable donations to colleges reached an all-time high of nearly $38 billion last year.” What is also notable is that donors increased the amount they gave to colleges in 2014 by 10.8 percent, up from $33.8 billion in 2013, with the amount donated by alumni increasing 9.4 percent in 2014. There is also an increase in mega gifts including notable art collection contributions.

Take a look at the sources of the higher education donations:


In the article, Deep-Pocket Donors, on InsideHigherEd.com, Survey Director Ann Kaplan “predicts that giving to higher education will increase again during the current fiscal year.”

Read the article in full here.

What do you think? Have you noticed an increase in higher education donations? Were they from alumni specifically, corporations, foundations, or other organizations?