Higher Ed Charitable Giving Up by Double Digits
By Liam Knox Donations to higher ed institutions rose by 12.5 percent last fiscal year—the largest increase in over two decades. Experts say philanthropy is stepping up to fill other funding gaps. Philanthropic giving to higher education increased by 12.5 percent last fiscal year to a total of $59.5 billion, the highest year-over-year increase since 2000, according to the latest Voluntary Support of Education survey from the Council for Advancement and Support of Education. In fiscal 2021, giving rose 7 percent, and the previous year it declined slightly, by less than 1 percent. The contributions went mostly to restricted endowments, primarily to fund scholarships, and to “operations with