Top 20 US Fundraising Institutions Report Sharply Higher Giving
Charitable contributions to colleges and universities in the United States increased 8.2 percent in 2011, reaching $30.30 billion, according to results of the annual Voluntary Support of Education (VSE) survey. The findings were released today by the Council for Aid to Education (CAE). Adjusted for inflation, giving increased 4.8 percent.
Giving for capital purposes, such as endowments and buildings, increased 13.6 percent (10.1
percent, adjusted for inflation). Giving for current operations increased 4.7 percent (1.4 percent,
adjusted for inflation).
The growth in contributions is a particularly welcome development as it follows declining or
stagnant levels of giving in recent years. Still, giving accounted for only 6.5 percent of college
expenditures in 2011, and giving for current operations, the dollars that can be used immediately
to offset current-year expenses, accounted for 3.8 percent of expenditures.