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Private donations to top-20 universities averaged $40,218 per student.

/, News/Private donations to top-20 universities averaged $40,218 per student.
College Tuition

Harvard and Columbia topped the list with $209,681 and $163,869 (per student), respectively. Below are the top-20 donations which represents just 28% of the $46.8 Billion donated.

2018 University Donations (Sources: Private)
College/University Donations  Under-grad. Students Donation Per Student
Harvard University $1,418,702,174 6,766 $209,681
Stanford University $1,097,060,553 7,062 $155,347
Columbia University $1,009,762,418 6,162 $163,869
University of California-Los Angeles $786,650,878 31,002 $25,374
University of California-San Francisco $730,268,012 0
Johns Hopkins University $723,599,227 6,109 $118,448
University of Pennsylvania $717,529,290 10,033 $71,517
University of Washington $711,063,379 31,331 $22,695
University of Southern California $649,970,748 19,170 $33,906
Yale University $585,947,376 5,746 $101,975
University of Chicago $576,037,944 6,264 $91,960
Duke University $516,890,154 6,692 $77,240
Cornell University $507,295,262 14,907 $34,031
University of Notre Dame $502,771,320 8,576 $58,625
New York University $502,407,219 26,417 $19,018
University of Michigan $490,035,112 28,983 $16,908
Massachusetts Institute of Technology $469,932,565 4,547 $103,350
Ohio State University $436,973,769 45,946 $9,511
University of California-Berkeley $419,365,625 30,574 $13,716
Indiana University $408,461,793 33,429 $12,219
Total $13,260,724,818 329,716  
Average $663,036,240.90 16,486 $40,218

 

The new tax law was a key driver of higher contributions. Add in the money universities receive from federal/state sources, students, sports programs (TV revenue share), licensing, etc. and it is clear our educational system needs to improve costs controls to make post-secondary education more affordable.

In businesses, cost controls are imperative. Public University Presidents should be obligated to publish their cost control plans, with monthly progress reports (transparency), to help reduce the average student loan debt of graduates.