Big gifts to higher education last year topped $6 billion for the first time, continuing a postrecession surge in eight- and nine-figure donations. Giving from smaller contributors is declining.
The nonprofit entities often operate with little or no public oversight, but state legislators are starting to pay attention.
A federal judge overseeing an investor-fraud case has ordered the university to provide testimony and documents showing how a donor sent money to the institution.
Cornell was also interested in learning whether the approach could reach alumni who had not donated before. The experiment has worked.
Nearly half of giving by the country's most generous philanthropists went to higher education, with $1 of every $5 benefiting elite universities with multibillion-dollar endowments.
American universities raised $41 billion, barely more than the previous year. Harvard led the way with nearly $1.2 billion.
A donor may have a college’s best interests at heart, but sometimes in-kind gifts are more trouble than they’re worth. After all, says one college official, "we’re not running a flea market."
Fund raisers debate the university's decision to end phone-athons, weighing the costs of annoying donors versus the benefits of acquiring more of them.
Among graduates who give, 26 percent said they would donate more if they could earmark their money for specific campus purposes, according to a new survey.
The university filed probate-court papers on Tuesday seeking more than $9.9 million in what it says were unfunded pledges made by the oil and gas magnate Aubrey McClendon before his death, in March, reports The Wall Street Journal.
The bequest, to the university's fund-raising arm in the United States, is from a couple who escaped from Nazi Germany in the 1930s.
Gifts to the university's athletic department are down after a losing football season during which the team threatened a boycott in support of student protests.
Big gifts are critical, but with concerns about the future of the liberal-arts institutions, some would-be donors are asking tougher questions before giving.
Fund raising jumped by 7.6 percent over 2014, with nearly a third of all contributions going to the top 20 institutions.
A study based partly on fake solicitation letters finds that whether alumni will give to their alma mater depends mostly on their trust in it.
Gains in the stock market over the past year powered a strong increase in charitable giving to academe, according to a survey by the Council for Aid to Education.
The stock market’s recent volatility notwithstanding, the country’s improved financial outlook in 2013 contributed to a surge in donations to higher education.
Fewer than half of alumni in this generation have given to their colleges, and many say they’d donate to other causes first. But fund raisers aren’t dismissing them.