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Uploaded: Wednesday, February 20, 2013, 9:53 AM
Stanford breaks national fundraising record
In 2012 it became first institution to raise more than $1 billion in a single year
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Stanford University last year became the nation's first university to raise more than $1 billion in a single year, according to a report released this week.
Stanford's 2012 total of $1 billion -- assisted by two major fundraising campaigns -- was well ahead of second-place finisher and perennial rival Harvard University, which last year raised $650 million, according to the New York-based Council for Aid to Education, which tracks charitable contributions to colleges and universities.
Stanford "has raised more than any other university in each of the past eight years," the council said.
Over the past 30 years, Stanford was the top fundraising institution 14 times and Harvard 15 times. In one of those years -- 2002 -- UCLA topped the list.
Stanford also was among the top ten institutions in per-student fundraising -- a list that included four specialized health institutions, including UCSF.
Stanford was fifth in per-student fundraising, at $55,745 per student, the council said.
The per-student list was topped by the University of Texas's M. D. Anderson Cancer Center in Houston, which raised $590,719 per student. Also on the top ten per-student fundraising list were Deep Springs College, Yale University, Caltech, Hillsdale College and Amherst College, which was tenth at $36,399 per student.
Stanford said last year its 2011-12 boost in fundraising at least partly reflected the final months of the major, five-year university-wide Stanford Challenge, which raised $6.2 billion, as well as the early months of a new $1 billion Campaign for Stanford Medicine.
Overall, U.S. colleges and universities raised $31 billion last year -- up 2.3 percent from 2011 but still below the historic high of $31.6 billion in 2008, the council said.
Adjusting for inflation, last year's giving was virtually unchanged, inching up just 0.2 percent.
Nationwide, about 25 percent of the contributions came from alumni and 30 percent came from foundations, the council said. Nineteen percent came from "non-alumni individuals" and 17 percent from corporations.
— Chris Kenrick Are you receiving Express, our free daily e-mail edition? See a sample and sign-up for Express.
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Posted by Crescent Park Mom, a resident of the Crescent Park neighborhood, on Feb 20, 2013 at 11:35 am That's fantastic that they raised that much money. Now that they've asked for the money, some undoubtedly from those that may not be able to spare much, how will they wisely use it??? PA Weekly, lets see that wonderful story!
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Posted by Unbelievable, a resident of the College Terrace neighborhood, on Feb 20, 2013 at 2:26 pm Considering how much money they raise and how much they get in donations, why do they cut services and continually raise tuitions?
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Posted by Hmmm, a resident of East Palo Alto, on Feb 20, 2013 at 2:35 pm It'd be great if they used some of those funds to educate student cyclists on bike safety, came up w/more parking & replaced the new trees/shrubs that reduce visibility on the roads. Mundane but important. Oh, & any more Chihulys to be donated?
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Posted by jardins, a resident of the Midtown neighborhood, on Feb 20, 2013 at 5:09 pm With that much money coming in from fundraising, why is Stanford becoming an aggressive off-campus developer?
For example, its plans for huge medical offices along El Camino in Menlo Park, its plans to get rent-income from the massive Arrillaga high-rises at 27 University Avenue, its building of single homes and high-end apartments on upper S. California Avenue (the Mayfield project, that will displace company employees to other cities).
How much money will Stanford ever be content with??
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Posted by Stanford Applicant, a resident of the Old Palo Alto neighborhood, on Feb 21, 2013 at 4:48 am They will always want more as long as they are sending $90 rejection letters.
It's mathematical induction. Once they show that they can raise $1, then they show that for any amount x, they can raise x+1.
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