Stanford University Is 1st College to Raise $1B

Source: ABC News Posted By: anny J...4292 days ago

Stanford University has set a new record for college fundraising, becoming the first school to collect more than $1 billion in a single year, according to a report released Wednesday.

For the eighth straight year, Stanford ranked first in the Council for Aid to Education's annual college fundraising survey, which shows that elite institutions continue to grab a disproportionate share of donor dollars.

In the 2012 fiscal year, roughly 3,500 U.S. colleges and universities raised $31 billion,....

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