Giving to Colleges and Private Schools
March 18, 2004 | Read Time: 2 minutes
| SOURCES AND PURPOSES OF PRIVATE SUPPORT FOR COLLEGES | |||||
| 1998 | 2002 | 2003 | 1-year* change | 5-year* change | |
| Sources of support: | |||||
| Alumni | $5,500,000,000 | $5,900,000,000 | $6,600,000,000 | +9.4% | +6.3% |
| Nonalumni individuals | $4,500,000,000 | $5,400,000,000 | $4,550,000,000 | -17.6 | -10.4 |
| Corporations | $3,250,000,000 | $4,370,000,000 | $4,250,000,000 | -4.9 | +15.8 |
| Foundations | $3,800,000,000 | $6,300,000,000 | $6,600,000,000 | +2.4 | +53.9 |
| Religious organizations | $300,000,000 | $360,000,000 | $360,000,000 | -2.2 | +6.3 |
| Other organizations | $1,050,000,000 | $1,570,000,000 | $1,540,000,000 | -4.1 | +29.9 |
| Purposes of support: | |||||
| Current operations | $9,000,000,000 | $12,400,000,000 | $12,900,000,000 | +1.7 | +27.0 |
| Capital purposes | $9,400,000,000 | $11,500,000,000 | $11,000,000,000 | – 6.5 | +3.7 |
| Total | $18,400,000,000 | $23,900,000,000 | $23,900,000,000 | – 2.2% | +15.1% |
| * Adjusted for inflation. | |||||
| TOP 20 COLLEGES AND UNIVERSITIES IN TOTAL DONATIONS | |
| Harvard University (Mass.) | $555,639,350 |
| Stanford University (Calif.) | $486,075,131 |
| University of Pennsylvania | $399,640,772 |
| University of Arkansas | $365,307,446 |
| Johns Hopkins University (Md.) | $319,546,967 |
| University of California at Los Angeles | $319,462,784 |
| Cornell University (N.Y.) | $317,042,889 |
| University of Washington | $311,250,905 |
| University of Texas at Austin | $309,483,833 |
| University of Southern California | $305,981,845 |
| Duke University (N.C.) | $296,827,299 |
| University of Wisconsin at Madison | $286,914,546 |
| Columbia University (N.Y.) | $281,498,472 |
| University of Virginia | $261,921,891 |
| Indiana University | $249,988,250 |
| University of Minnesota | $244,851,272 |
| Princeton University (N.J.) | $227,532,267 |
| University of California at San Francisco | $225,597,140 |
| Yale University (Conn.) | $222,088,800 |
| New York University | $207,932,051 |
| TOP 15 BOARDING SCHOOLS IN TOTAL DONATIONS | |
| Culver Educational Foundation (Ind.) | $34,635,868 |
| Phillips Academy (Mass.) | $27,032,111 |
| Phillips Exeter Academy (N.H.) | $24,388,939 |
| Choate Rosemary Hall (Conn.) | $19,967,674 |
| St. Paul’s School (N.H.) | $15,892,704 |
| Lawrenceville School (N.J.) | $15,383,324 |
| Peddie School (N.J.) | $15,191,876 |
| Taft School (Conn.) | $15,055,301 |
| Deerfield Academy (Mass.) | $14,756,768 |
| Hotchkiss School (Conn.) | $14,399,068 |
| Loomis Chaffee School (Conn.) | $10,680,673 |
| Groton School (Mass.) | $10,416,855 |
| Milton Academy (Mass.) | $9,267,700 |
| Mercersburg Academy (Pa.) | $7,834,606 |
| Western Reserve Academy (Ohio) | $7,218,143 |
| TOP 15 DAY SCHOOLS IN TOTAL DONATIONS | |
| Trinity School (N.Y.) | $35,076,156 |
| Harvard-Westlake School (Calif.) | $12,746,000 |
| Blake School (Minn.) | $11,677,857 |
| Norfolk Academy (Va.) | $10,091,650 |
| Brunswick School (Conn.) | $9,975,709 |
| Montgomery Bell Academy (Tenn.) | $9,044,661 |
| Westminster Schools (Ga.) | $8,860,155 |
| Lovett School (Ga.) | $8,694,310 |
| Punahou School (Hawaii) | $8,489,795 |
| Winsor School (Mass.) | $8,006,266 |
| Kinkaid School (Tex.) | $6,710,501 |
| University School (Ohio) | $6,087,876 |
| Episcopal Academy (Pa.) | $6,011,822 |
| Marist School (Ga.) | $5,969,314 |
| Agnes Irwin School (Pa.) | $5,833,556 |
| TOP 15 BOARDING-SCHOOL ENDOWMENTS | |
| Phillips Exeter Academy (N.H.) | $558,300,000 |
| Phillips Academy (Mass.) | $490,773,207 |
| St. Paul’s School (N.H.) | $311,213,000 |
| Hotchkiss School (Conn.) | $284,767,050 |
| Deerfield Academy (Mass.) | $249,746,894 |
| Groton School (Mass.) | $196,137,057 |
| Lawrenceville School (N.J.) | $189,921,345 |
| Peddie School (N.J.) | $187,312,467 |
| Choate Rosemary Hall (Conn.) | $171,900,000 |
| Woodberry Forest School (Va.) | $147,146,800 |
| Culver Educational Foundation (Ind.) | $132,759,000 |
| Milton Academy (Mass.) | $129,300,000 |
| Taft School (Conn.) | $128,515,911 |
| Mercersburg Academy (Pa.) | $121,132,221 |
| Loomis Chaffee School (Conn.) | $107,884,566 |
| TOP 15 DAY-SCHOOL ENDOWMENTS | |
| Westminster Schools (Ga.) | $173,846,909 |
| Punahou School (Hawaii) | $104,000,000 |
| Roxbury Latin School (Mass.) | $91,000,000 |
| Park Tudor School (Ind.) | $78,742,073 |
| St. Mark’s School of Texas | $77,394,211 |
| Kinkaid School (Tex.) | $63,974,000 |
| Brearley School (N.Y.) | $62,000,000 |
| Brunswick School (Conn.) | $61,618,494 |
| Woodward Academy (Ga.) | $60,271,869 |
| Mary Institute & Saint Louis Country Day School (Mo.) | $57,734,000 |
| Harvard-Westlake School (Calif.) | $47,738,000 |
| Lakeside School (Wash.) | $47,157,750 |
| University School (Ohio) | $46,902,931 |
| St. John’s School (Tex.) | $44,439,028 |
| Chapin School (N.Y.) | $44,380,000 |
SOURCE: Council for Aid to Education
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