Philanthropic Giving to Higher Ed Reaches $61.5 Billion

Philanthropic giving to higher education institutions increased by 3% to $61.5 billion between 2023 and 2024, according to a report from the Council for Advancement and Support of Education. Donations from foundations rose by 13.3%, while alumni and non-alumni contributions also saw increases. However, corporate donations fell by 7.3%. The report highlights a shift in donor priorities, with gifts for current operations comprising 58.2% of total donations, while significant portions also went toward student financial aid and academic divisions. Meanwhile, Ghana's government introduced a 'No-Academic-Fee' policy for public tertiary institutions, aimed at broadening access but criticized for creating disparities between public and private universities. In Lexington, Kentucky, a 'College Town Showcase' is celebrating the city's rich history in higher education, showcasing institutions like Transylvania University and the University of Kentucky as part of the city's 250th anniversary.