Gifts to US universities, colleges top pre-recession records

February 13, 2014

Donations to American PSE institutions totaled $33.8 billion in 2013, which is a nearly 10% increase over 2012 and the biggest sum ever raised by the sector, reveals a survey by the Council for Aid to Education. The council's annual Voluntary Support of Education survey tallies donations by individuals, companies and foundations, and counts only gifts that have been received, not simply pledged. The survey also reveals that the largest growth by source was in total gifts by alumni, which increased by $1.3 billion, nearly 17% more than a year earlier. Chronicle of Higher Education