Thursday, January 28, 2016
Stanford Tops Harvard in FY 15 Contributions
After taking the top spot in 2014, Harvard fell to second in an annual ranking of universities by donations. In Fiscal Year 2015, Harvard received $1.05 billion in gifts, a number that does not include most of John Paulson’s $400 million gift to the School of Engineering and Applied Sciences or Gerald Chan’s gift to the School of Public Health, reports The Harvard Crimson.
Stanford has led this ranking, compiled by the Council for Aid to Education, for nine of the last 10 years. This year, Stanford’s cash receipts totaled $1.63 billion, which includes four gifts of $100 million or more. The largest gifts came in the form of artwork from two branches of a San Francisco Bay Area family, with the two gifts valued at over $600 million.
According to The Crimson, many gifts to Harvard—including those from Paulson and Chan as well as a donation to financial aid from Kenneth C. Griffin ’89— have been made as pledges of support to be fulfilled over an agreed number of years. Property gifts, in contrast, are transferred to the University in one fell swoop. The value of property gifts is included in the fiscal year calculations.
at 8:58:00 PM