Giving to Colleges and Private Schools
March 20, 2003 | Read Time: 2 minutes
ALSO SEE:
Colleges Suffer Record Drop in Alumni Contributions
| SOURCES AND PURPOSES OF PRIVATE SUPPORT FOR COLLEGES | |||||
| 1997 | 2001 | 2002 | 1-year* change | 5-year* change | |
| Sources of support: | |||||
| Alumni | $4,650,000,000 | $6,830,000,000 | $5,900,000,000 | -14.7% | +13.5% |
| Nonalumni individuals | $3,850,000,000 | $5,200,000,000 | $5,400,000,000 | +2.5 | +25.5 |
| Corporations | $3,050,000,000 | $4,350,000,000 | $4,370,000,000 | -0.8 | +28.2 |
| Foundations | $3,200,000,000 | $6,000,000,000 | $6,300,000,000 | +3.7 | +76.1 |
| Religious organizations | $250,000,000 | $370,000,000 | $360,000,000 | -4.0 | +28.8 |
| Other organizations | $1,000,000,000 | $1,450,000,000 | $1,570,000,000 | +6.9 | +40.5 |
| Purposes of support: | |||||
| Current operations | $8,500,000,000 | $12,200,000,000 | $12,400,000,000 | +0.3 | +30.5 |
| Capital purposes | $7,500,000,000 | $12,000,000,000 | $11,500,000,000 | – 5.4 | +37.2 |
| Total | $16,000,000,000 | $24,200,000,000 | $23,900,000,000 | – 2.5% | +33.6% |
| * Adjusted for inflation. | |||||
| TOP 20 COLLEGES AND UNIVERSITIES IN TOTAL DONATIONS | |
| University of Southern California | $585,161,932 |
| Harvard University (Mass.) | $477,617,144 |
| Leland Stanford Junior University (Calif.) | $454,769,878 |
| Cornell University (N.Y.) | $363,031,766 |
| University of Pennsylvania | $319,742,070 |
| Johns Hopkins University (Md.) | $318,687,392 |
| University of Wisconsin at Madison | $307,213,842 |
| University of California at Los Angeles | $282,343,369 |
| Columbia University (N.Y.) | $271,231,231 |
| Duke University (N.C.) | $264,580,048 |
| Yale University (Conn.) | $256,342,000 |
| University of Virginia | $255,043,646 |
| New York University | $251,407,906 |
| University of Minnesota | $233,338,357 |
| University of Washington | $231,814,108 |
| University of California at Berkeley | $223,260,969 |
| Massachusetts Institute of Technology | $220,572,527 |
| Michigan State University | $211,629,395 |
| Emory University (Ga.) | $210,372,283 |
| University of California at San Francisco | $207,227,552 |
| TOP 15 BOARDING SCHOOLS IN TOTAL DONATIONS | |
| Phillips Exeter Academy (N.H.) | $39,810,637 |
| Phillips Academy (Mass.) | $30,415,728 |
| Deerfield Academy (Mass.) | $24,570,984 |
| Middlesex School (Mass.) | $23,014,904 |
| Choate Rosemary Hall (Conn.) | $17,433,016 |
| Lawrenceville School (N.J.) | $15,213,809 |
| Mercersburg Academy (Pa.) | $13,005,304 |
| Taft School (Conn.) | $11,529,250 |
| Culver Educational Foundation (Ind.) | $11,368,100 |
| Hotchkiss School (Conn.) | $11,139,080 |
| Groton School (Mass.) | $10,704,832 |
| Berkshire School (Mass.) | $9,948,230 |
| Episcopal High School (Va.) | $8,988,961 |
| Northfield Mount Hermon School (Mass.) | $8,868,123 |
| St. Paul’s School (N.H.) | $7,832,236 |
| TOP 15 DAY SCHOOLS IN TOTAL DONATIONS | |
| Episcopal Academy (Pa.) | $21,684,961 |
| Loomis Chaffee School (Conn.) | $14,837,012 |
| Hackley School (N.Y.) | $14,808,545 |
| Greenwich Academy (Conn.) | $12,002,530 |
| Friends Academy (N.Y.) | $9,610,056 |
| Lovett School (Ga.) | $9,468,269 |
| Milton Academy (Mass.) | $9,383,566 |
| Brunswick School (Conn.) | $9,197,378 |
| Harpeth Hall School (Tenn.) | $8,970,358 |
| Harvard-Westlake School (Calif.) | $7,992,670 |
| Punahou School (Hawaii) | $7,923,877 |
| Brearley School (N.Y.) | $7,673,575 |
| Seven Hills School (Ohio) | $7,051,987 |
| Hockaday School (Tex.) | $6,839,818 |
| Collegiate School (Va.) | $6,838,775 |
| TOP 15 BOARDING-SCHOOL ENDOWMENTS | |
| Phillips Exeter Academy (N.H.) | $532,387,128 |
| Phillips Academy (Mass.) | $455,470,672 |
| St. Paul’s School (N.H.) | $330,849,798 |
| Hotchkiss School (Conn.) | $285,097,064 |
| Deerfield Academy (Mass.) | $233,147,372 |
| Lawrenceville School (N.J.) | $210,321,828 |
| Peddie School (N.J.) | $190,943,273 |
| Groton School (Mass.) | $187,330,713 |
| Choate Rosemary Hall (Conn.) | $166,800,000 |
| Woodberry Forest School (Va.) | $136,437,968 |
| Taft School (Conn.) | $126,359,793 |
| Mercersburg Academy (Pa.) | $124,583,134 |
| Culver Educational Foundation (Ind.) | $109,000,000 |
| Northfield Mount Hermon School (Mass.) | $100,100,000 |
| Episcopal High School (Va.) | $93,250,000 |
| TOP 15 DAY-SCHOOL ENDOWMENTS | |
| Westminster Schools (Ga.) | $189,442,139 |
| Milton Academy (Mass.) | $132,200,000 |
| Loomis Chaffee School (Conn.) | $111,637,111 |
| Punahou School (Hawaii) | $96,500,000 |
| Roxbury Latin School (Mass.) | $94,270,000 |
| Park Tudor School (Ind.) | $79,347,944 |
| St. Mark’s School of Texas | $76,600,766 |
| Hockaday School (Tex.) | $75,207,521 |
| Kinkaid School (Tex.) | $69,571,529 |
| Brearley School (N.Y.) | $58,300,000 |
| Mary Institute & Saint Louis Country Day School (Mo.) | $58,096,000 |
| McDonough School (Md.) | $56,403,884 |
| Baylor School (Tenn.) | $55,789,469 |
| Gilman School (Md.) | $53,877,442 |
| Spence School (N.Y.) | $52,500,000 |
PERCENTAGE CHANGE IN GIVING TO COLLEGE AND UNIVERSITIES
SOURCE: Council for Aid to Education
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