Giving to Colleges Jumps 6.3% to Record $43.6 Billion in Fiscal 2017 - News Summed Up

Giving to Colleges Jumps 6.3% to Record $43.6 Billion in Fiscal 2017


Donations to U.S. colleges and universities jumped to a record $43.6 billion, thanks to last year’s stock-market rally and renewed charitable activity from alumni. The tax overhaul passed by Congress late last year may upend trends in charitable giving, including to colleges and universities. Harvard University again topped the list of fundraisers in 2017, with $1.28 billion raised. Stanford University brought in $1.13 billion, while Cornell University rounded out the top three with $743.5 million. That school raised $668.3 million in fiscal 2017, according to Tuesday’s report.


Source: Wall Street Journal February 06, 2018 15:33 UTC



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