charitable donations

charitable donations

The 5 Largest Charitable Donations Ever Made to American Universities

A private liberal arts school in rural Kentucky called Centre College has announced a $250 million donation from the Brockman Charitable Trust. Centre College has an enrollment of just over 1,000 students and the gift puts them in the top 20 worldwide for the all-time biggest charitable donations made to a university. While there’s nothing better than a quarter billion dollars to put your university on the map,—go Praying Colonels!— it’s only chump change compared to the charity that more well-known colleges receive. We’ve compiled a list of the five largest donations to American universities; how they came about, who gave them, and how they shaped the university.

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5. Johns Hopkins University, $350 million from Michael R. Bloomberg

When New York City Mayor Michael Bloomberg pledged $350 million to his alma mater earlier this year, his total lifelong donation to the university topped the $1 billion mark. His most recent donation will create cross-disciplinary programs and fund faculty appointments. The rest of the $35o million will help award 2,600 scholarships over the next 10 years.

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Charitable Donations to Colleges are On the Rise

It seems like 2010 was a good year for charitable donations to colleges and universes around the nation. In 2010, colleges and universities in the USA received $28 billion in contributions, which is 0.5 percent more than the schools received in 2009, according to the Council for Aid to Education.

The amount of support for higher education donated in 2010 was the same a it was in 2006, measured in total dollars. However, if the donations are adjusted to account for inflation, the donations fall by eight percent.

“We’re still not out of the woods,” said Ann Kaplan, director of the Voluntary Support of Education survey. “Charitable contributions to education are recovering very slowly.”

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