U. S. colleges raised $40.3 billion in 2015, an increase of 7.6 percent over the previous year, a new study has found. This is the third consecutive year charitable fund-raising by institutions of higher education have grown.
The Voluntary Support of Education survey, conducted by the Council for Aid to Education, collected fund-raising information from nearly 1,000 colleges and universities. The $40.3 billion figure is an estimate that extrapolates from the survey results to include amounts for institutions that did not respond.
