by Matt Kupec
September 29, 2019
Philanthropy plays a critical role in our society. In 2018, Americans gave $427.71 to charities, a record level. Of the total amount, $58.72 million went to support education. In higher education these dollars help colleges and universities recruit and retain students and faculty, improve and build facilities, strengthen academic programs and support cutting edge research.
At a luncheon with Southern Illinois University alumni earlier this week, I had the chance to make the following points to the Saluki alumni pitch about the important role philanthropy plays for the University:
- Philanthropy Provides the “margin of excellence.” Universities generate revenue from a variety of sources. These include state appropriations (for public universities), tuition, research (for research institutions), philanthropic support and auxiliary revenue. In many instances, dollars raised from philanthropy will be mingled together with other revenue sources to start a new program or build a new facility. Philanthropy provides “the margin of excellence,” that is the money from private gifts gives organization the funds needed to complete a project, an initiative or a fund. Without philanthropy, that project would not have been able to be completed. As state budgets get tighter, private giving is playing an even more important role in allowing Universities to meet the challenges that await them.
To read the entire article, go to http://mattkupec.com/matt-kupec-the-power-of-philanthropy-in-higher-education/
by Matt Kupec
November 21, 2018
Fundraising at colleges and universities has become a very important source of revenue. As University leaders face increased pressure on enrollments, new program initiatives, escalating personnel and program costs, and infrastructure needs for building renovations and upgrades, philanthropic support is taking on added responsibility for helping these organizations meet their ambitious agendas..
Colleges are making more investments in their fundraising operations as they look to dramatically increase their level of private giving support. As such, we are seeing unprecedented growth in fundraising
Every year, the Council for Aid to Education releases the fundraising numbers for all institutions of higher learning. For 2017, 3,700 institutions responded to the study. Here we take a look at some of the results of the study:
- Overall Trends in Higher Education Fundraising. Here are some of the trends of higher education fundraising:
- Giving to America’s colleges rose 6 percent in 2017, lifted by a surge in giving by alumni.
- Higher education as a sector raised $43.6 billion, the largest amount ever counted by the CAE survey since it began in 1957.
- Colleges’ fundraising performed better than that for all nonprofits over all. The most recent “Giving USA,” which covered 2016, saw only a 1.4 percent increase in private support.
- In 2016, giving by alumni was down by nearly 9 percent and by 6 percent among other individuals.
- The Top 20 Universities in fundraising raised nearly $12.2 billion, or 28%, of the $43.6 billion total (see more below).
- Top 20 Colleges in Giving. Listed below are the top 20 universities in terms of the overall dollars raised. There are no surprises here as these colleges consistently rank as the top funding institutions on an annual basis. The Ivy League placed six schools in the top ten. The University of Washington at #12 is the highest fundraising public university……..
To read the rest of this blog article, go to http://mattkupecassociates.com/matt-kupec-giving-trends-in-higher-education/