Super-Wealthy Elite Colleges Excel At Fundraising

For the 99 percent of colleges, it was a pretty good fundraising year. For the 1 percent of super-wealthy elite schools, it was a much-better one that catapulted them even farther ahead of the pack. The latest annual college-fundraising figures, out today, show that donations to colleges and universities rose 8.2 percent in fiscal 2011, topping the $30 billion mark for just the second time, and improving many schools’ financial footing after several lean years because of the economic downturn. Of the $30.3 billion collected by colleges and universities nationwide, $8.2 billion — or 27 percent — was raised by the top 20 institutions. Read more at:
http://www.courier-journal.com/article/20120217/BUSINESS/120218020/College-fundraising-up-2011-rich-get-richer