Report Says Stanford Is First University to Raise $1 Billion in a Single Year

By Tamar Lewin. Stanford last year became the first university to raise more than $1 billion in a single year, according to the Council for Aid to Education’s annual college fund-raising survey.
Partly because of large donations from entrepreneurial alumni who have made their fortunes in Silicon Valley, Stanford has been the top fund-raiser for eight straight years.
Last year, the university, near Palo Alto, said its five-year capital campaign, which ended in December 2011, had taken in a record-setting $6.23 billion, far exceeding its original goal of $4.3 billion, and surpassing by more than $2 billion any other single higher-education campaign. Read more...