The media and entertainment industry was the source of donor wealth that accounted for the largest amount donated to colleges in 2018. The industry’s top status can be credited primarily to a $1.8 billion pledge from Michael Bloomberg, founder of Bloomberg LP, to the Johns Hopkins University. Family fortunes were the fourth greatest source of wealth behind donations but accounted for less than 4 percent of the total value of gifts of $1 million or more. The top 10 sources of wealth shown below were responsible for more than 75 percent of the nearly $8 billion in such gifts to colleges compiled by The Chronicle of Philanthropy last year.
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