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Saturday, January 31, 2015

Donations to Colleges and Universities: A Widening Inequality among Schools

For the fiscal year ending June 30, 2014, colleges and universities in the American States received a record $37.5 billion in donations, which represent a 10.8% increase from the prior year.[1] Alumni giving increased 9.4% to $9.85 billion, with the average graduate gift up more than 25% to $1,535.[2] The top ten universities by amounts raised snagged 18% of the total ($37.5 billion), thus doing disproportionately better than even the schools in the middle stratum. What is behind this growing economic inequality, and can anything be done to reverse the trend?

The full essay is at “Donations to Colleges

[1] Melissa Korn, “Harvard Tops Record Year for College Gifts,” The Wall Street Journal, January 28, 2015.
[2] Ibid.