Harvard University, known for its aggressive fundraising campaign, raised an all-time high $1.28 billion in the fiscal year 2017, surpassing fundraising totals from 2016 and topping Stanford University’s fundraising total ($1.13 billion) for a second consecutive year.
In 2017, Harvard and Stanford were the only two universities to surpass the $1 billion mark, , according to the Council for Aid to Education (CAE).
In the past, Stanford has traditionally topped Harvard’s charitable contributions, outpacing Harvard 9 out of the past 12 years.
The list of 20 institutions includes 5 Ivy League universities: Yale University ($595.89 million), Columbia University ($603.08 million), the University of Pennsylvania ($626.49 million), Cornell University ($743.5 million), and Harvard University ($1.28 billion).
Donations to American colleges and universities totaled $43.6 billion in 2017, displacing the $41 billion total set in 2016.
The 20 US Universities That Raised The Most Money in 2017
| Rank | Institution | Total raised |
|---|---|---|
| 1 | Harvard University | $1.28 billion |
| 2 | Stanford University | $1.13 billion |
| 3 | Cornell University | $743.50 million |
| 4 | Massachusetts Institute of Technology | $672.94 million |
| 5 | University of Southern California | $668.33 million |
| 6 | Johns Hopkins University | $636.91 million |
| 7 | University of Pennsylvania | $626.49 million |
| 8 | Columbia University | $603.08 million |
| 9 | Yale University | $595.89 million |
| 10 | Duke University | $581.05 million |
| 11 | New York University | $567.12 million |
| 12 | University of Washington | $553.89 million |
| 13 | University of California-Los Angeles | $550.93 million |
| 14 | University of Chicago | $483.47 million |
| 15 | University of Michigan | $456.13 million |
| 16 | University of Notre Dame | $451.43 million |
| 17 | University of California-San Francisco | $422.17 million |
| 18 | University of California-Berkeley | $404.59 million |
| 19 | Ohio State University | $401.85 million |
| 20 | Indiana University | $398.26 million |
Amount Raised From Different Sources, 2017
| Source | Total | Percentage of total |
|---|---|---|
| Alumni | $11.37 billion | 26.1% |
| Nonalumni individuals | $7.86 billion | 18.0% |
| Corporations | $6.60 billion | 15.1% |
| Foundations | $13.13 billion | 30.1% |
| Other | $4.64 billion | 10.6% |
| TOTAL | $43.6 billion |
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