Schools get $25.6 billion: giving to higher education jumped 4.9 percent for 2005.Contributions to colleges and universities in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. rung up $25.6 billion in 2005, a 4.9 percent increase compared to the previous year, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the annual Voluntary Support for Education (VSE See DOS/VSE. VSE - Virtual Storage Extended ) survey released by the Council for Aid to Education. Approximately half of the total contributions were received from individuals. Alumni giving spiked 6 percent, while giving by individuals other than alumni slumped by 3.8 percent. The growth is in line with the economy, said Ann Kaplan, director of the VSE survey. Kaplan commented that the increase is neither stellar nor unprecedented as she cited late 1990's giving to colleges and universities, which grew by doubledigit percentages. Rather, it's a good, healthy level of growth that would expected in the current economy. Stanford University Stanford University, at Stanford, Calif.; coeducational; chartered 1885, opened 1891 as Leland Stanford Junior Univ. (still the legal name). The original campus was designed by Frederick Law Olmsted. David Starr Jordan was its first president. topped the list of the nation's leading fundraising universities with $603.59 million. The University of Wisconsin-Madison “University of Wisconsin” redirects here. For other uses, see University of Wisconsin (disambiguation). A public, land-grant institution, UW-Madison offers a wide spectrum of liberal arts studies, professional programs, and student activities. ($595.22 million), Harvard University Harvard University, mainly at Cambridge, Mass., including Harvard College, the oldest American college. Harvard College Harvard College, originally for men, was founded in 1636 with a grant from the General Court of the Massachusetts Bay Colony. ($589.86 million), the University of Pennsylvania (body, education) University of Pennsylvania - The home of ENIAC and Machiavelli. http://upenn.edu/. Address: Philadelphia, PA, USA. ($394.25 million) and Cornell University Cornell University, mainly at Ithaca, N.Y.; with land-grant, state, and private support; coeducational; chartered 1865, opened 1868. It was named for Ezra Cornell, who donated $500,000 and a tract of land. With the help of state senator Andrew D. ($353.93 million) followed it.The increase in giving to the top 10 universities alone accounted for half of the total growth in higher education higher education Study beyond the level of secondary education. Institutions of higher education include not only colleges and universities but also professional schools in such fields as law, theology, medicine, business, music, and art. giving in a falling inwards; a collapse. See also: Giving 2005. "A disproportionate dis·pro·por·tion·ate adj. Out of proportion, as in size, shape, or amount. dis  pro·por percentage of growth came from the top 10
universities and it's due partly to major gifts and partly that
they always tend to raise the most money," Kaplan explained.
"They have their strong annual campaigns. The larger gifts do tend
to go to the larger research institutions.Those medical centers and
research programs tend to attract the big money."
The University of Wisconsin-Madison received much of that big money in the form of a $296 million foundation grant that resulted from the conversion of Blue Cross & Blue Shield Blue Shield A US not-for-profit health care insurer that is a reimbursement intermediary for physicians. Cf Blue Cross. United of Wisconsin from a nonprofit A corporation or an association that conducts business for the benefit of the general public without shareholders and without a profit motive. Nonprofits are also called not-for-profit corporations. Nonprofit corporations are created according to state law. to a for-profit organization. The sizeable grant comprised more than onethird of the growth in foundation giving to higher education. The Blue Cross & Blue Shield grant, however, is not a sign of trends to come in foundation giving, Kaplan said. Removing it from the 2005 numbers would trim nearly half of the total growth but you count those gifts even if they're a one-shot deal, she added. The foundation and alumni giving categories traditionally lead the pack and 2005 was no different. Foundations and alumni each accounted for over 27 percent of higher education support. The total amount of alumni giving increased but the percentage of alumni making gifts decreased to 12.4 percent, a drop in participation that has continued each year since 2001. Total giving for the last two years has increased due to the rise in average gifts, not from an increased number of alumni that give. "This is a trend that's been going on for some time," Kaplan said. "I don't know Don't know (DK, DKed) "Don't know the trade." A Street expression used whenever one party lacks knowledge of a trade or receives conflicting instructions from the other party. by how much but reporting is getting better and that's part of the reason. There are better methods to clean up and maintain alumni records. It may also be that institutions are concentrating more on large gifts and not putting an emphasis on a large number of small gifts." Corporate giving totaled 17.2 percent in the 2005 study, although the VSE does not take into account various corporate giving methods including sponsorships, partnerships and clinical trials. Kaplan said she expected corporate giving to perform a little stronger given corporate profit growth. She recognized that many corporations have been offering other higher education support outside philanthropy philanthropy, the spirit of active goodwill toward others as demonstrated in efforts to promote their welfare. The term is often used interchangeably with charity. and an increase in those activities could have stunted stunt 1 tr.v. stunt·ed, stunt·ing, stunts To check the growth or development of. n. 1. One that stunts. 2. One that is stunted. 3. this year's corporate numbers. "We're seeing gifts of appreciated securities going up and that says something about the value of the stock market," Kaplan added. "But there's nothing in the trends that's out of the ordinary or that you wouldn't expect to see. It's hard to say why corporate giving was so flat." Those in charge of capital campaigns in 2005 had reason to celebrate with a 5.6 percent gain, which piggybacked a 1 percent rise in 2004. Giving for current operations performed well, increasing by 4.4 percent. Endowments of the institutions in the survey saw an average gain of 9 percent. A year ago, the average endowment of a respondent leaped 18.7 percent. The survey included 1,005 establishments, which embodies approximately two-thirds of all four-year institutions including 90 percent of research and doctoral institutions. Respondents usually account for nearly 85 percent of the voluntary support gathered by all colleges and universities.
Estimated Voluntary Support of Higher Education by Source and
Purpos, 2005
(Dollars in Millions)
2004 2005
Total Voluntary Support $24,400 (100) $25,600 (100)
Sources
Alumni $6,700 (27.5) $7,100 (27.7)
Nonalumni Individuals 5,200 (21.3) 5,000 (19.5)
Corporations 4,400 (18.0) 4,400 (17.2)
Foundations 6,200 (25.4) 7,000 (27.3)
Religious Organizations 350 (1.4) 370 (1.4)
Other Organizations 1,550 (6.4) 1,730 (6.8)
Purpose
Current Operations $13,600 (55.7) $14,200 (55.5)
Capital Proposes 10,800 (44.3) 11,400 (44.5)
Percentage Change
2004 to 2005
Adjusted
Current $ for CPI
Total Voluntary Support 4.9 1.6
Sources
Alumni 6.0 2.6
Nonalumni Individuals -3.8 -6.9
Corporations 0.0 -3.2
Foundations 12.9 9.3
Religious Organizations 5.7 2.3
Other Organizations 11.6 8.0
Purpose
Current Operations 4.4 1.1
Capital Proposes 5.6 2.2
Figures in parentheses are percentages of total and may not add
to 100% due to rounding.
Support Of Higher Education By
Source 2005
$25.6 Billion
Religious Organizations $.037 (1%)
Other Organizations $1.73 (7%)
Corporations $4.40 (17%)
Foundations $7.00 (27%)
Alumni $7.10 (28%)
Nonalumni Individuals $5.00 (20%)
Source: VSE
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