Increased Wealth Drives Record Giving to Colleges

Gains in the stock market over the past year powered a strong increase in charitable giving to colleges.  This according to a survey by the Council for Aid to Education.

From The Chronicle of Higher Education:

Charitable giving to American colleges and universities has reached a historic high for the second straight year, according to a survey released on Wednesday by the Council for Aid to Education.

Colleges raised $37.45-billion in 2014, the highest amount recorded since the survey started, in 1957. That is a 10.8-percent increase in giving since last year—the largest gain since 2000.

Read the full article here.