Harvard’s $1.2 Billion Haul Erased by Investing Loss, PayoutBy
U.S. colleges raise record $41 billion in fiscal 2016
Less than 1% of colleges raised 27% of all donations
Harvard University raised $1.2 billion from donations, a record for the world’s richest college. The haul was erased by $2 billion in investment losses and spending.
Harvard’s take was the most by any U.S. university as colleges collected an unprecedented $41 billion in fiscal 2016, the New York-based Council for Aid to Education, which tracks university giving, said in a survey released Tuesday. Stanford University was ranked No. 2, with $951 million, marking only the second time in 12 years that Stanford failed to outpace Harvard in fundraising…
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