These 20 schools received nearly 30% of all the money donated to colleges last year


The stock market was good to wealthy colleges in 2017.

Gifts to the 20 institutions that pulled in the most in donations last year grew 10.5% from the year before, according to a report released Tuesday by the Council for Aid to Education, an organization that tracks college giving. Those top 20 schools took in $12.23 billion last year — roughly 28% of what universities raised overall, the report found. In 2016, the top 20 fundraisers took home $11.07 billion.

Charitable giving typically rises with the rest of the economy, said Ann Kaplan, vice president at the Council for Aid to Education and the author of the report. And the rise in the stock market last year also helped.

College access advocates have often complained that the schools receiving the most in charitable gifts are already wealthy schools that educate a small part of the college-going population. Over the past few years, elite, wealthy colleges have started to take notice, vowing to do more to bring in economically disadvantaged students.

20 schools that received the most in charitable gifts last year

Institution Amount raised in 2017
Harvard University $1.28 billion
Stanford University $1.13 billion
Cornell University $743.5 million
Massachusetts Institute of Technology  $672.9 million
University of Southern California $668.3 million
Johns Hopkins University $636.9 million
University of Pennsylvania $626.5 million
Columbia University $603.1 million
Yale University $595.9 million
Duke University $581 million
New York University $567.1 million
University of Washington $553.9 million
University of California-Los Angeles $550.9 million
University of Chicago $483.5 million
University of Michigan $456.1 million
University of Notre Dame $451.4 million
University of California-San Francisco $422.2 million
University of California-Berkeley $404.6 million
Ohio State University $401.8 million
Indiana University $398.3 million



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