Campus News

Donations to colleges, universities in US top $41 billion in 2016

Donations to colleges and universities totaled almost $1 billion more in 2016 than in the previous fiscal year, a new report from the Council for Aid to Education shows.

U.S. institutions raised $41 billion, but inflation accounts for the majority of that difference.

Gifts from individuals decreased while organizations, foundations and corporations contributed more than in 2015, accounting for more than $23 billion in donations.