Philanthropic Giving A higher ED in ascent

Philanthropic donations to higher emergency institutions increased by 3 percent when they adjusted for inflation, for a total of $ 61.5 billion, between 2023 and 2024, according to A new report Of the Council for Advancement and Support for Education.

The philanthropy of the foundations, the largest defender of the ED, increased by 13.3 percent during that period, while the students who give, the second largest source of support, increased by 7.5 percent; The donation of non -students donors increased 4.7 percent. Giving corporations, however, fell 7.3 percent.

Donor priorities have also changed a bit. The gifts that support current operations increased by 2.3 percent, while those destined for capital purposes, such as endowments, properties, buildings or equipment, generated 11.7 percent.

Almost half of the endowment gifts, 48.3 percent, were designated for the financial aid of the students. Almost 16 percent of the endowment gifts were allocated to the compensation of the faculty and the personnel, 23 percent funded by academic divisions and 8.8 percent supported the investigation. The smallest actions supported athletics and student life, 2.4 percent and 1.6 percent respectively.

Gifts towards current operations represented 58.2 percent of gifts to higher education in 2024. Research dominated, receiving 43.6 percent of those funds. A little more than 28 percent of these gifts were allocated to academic divisions, 12.8 percent supported athletics and 12 percent financed with financial help for students; 2.2 percent was designated for the compensation of the faculty and staff, and 1.3 percent supported student life.

“Philanthropy is still essential for the success and sustainability of higher education,” Sue Cunningham, president and executive director of Case. “The constant generosity of donors reflects a collective belief in the transforming power of education and its ability to create a more prosperous society.”