Charitable given to the colleges and universities of the United States increased by almost 7 percent in fiscal year 2021, in accordance with the last voluntary support of the educational survey by the Council for Advancement and Support for Education . The total delivery to US institutions. UU grew to $ 52.9 billion, up to $ 49.5 billion the previous year, an increase of 5.1 percent after adjusting inflation.
The survey, launched on Wednesday, includes information on charitable gifts and grants to higher education. institutions of private sources during fiscal year 2021, which began on July 1, 2020, and ended June 30, 2021. More than 860 institutions participated in the survey, which represents 27.2 percent of colleges and universities of USA UU but 83.8 percent of total voluntary support for higher education during that year.
Combined, the donations of foundations and students represented 56.3 percent of the highest donation in Prosecutor 2021. Student donations increased by 10.8 percent.
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"This period covered the depths of the pandemic, so it expects people to be thinking that key institutions are very important. They are remembering formative parts of their lives and want to support institutions", Said Amir Pasic, Dean of the family family of Lilly philanthropy at Indiana University. "That's something to see, the patron of the former students, because that is, in many ways, the main indicator of giving."
Alumni for capital purposes, which includes gifts for endowments; Or gifts for properties, buildings and equipment; gifts to loan backgrounds; and "deferred irrevocable gifts", at 23.4 percent. Gifts at the endowments, which often pay for scholarships, formed most of that increase.
A strong economy during fiscal year 2021 reinforced this type of donation, Pasic said. Donors often give institutions at the end of the calendar year or at the end of the academic year, according to the survey, and the economy was strong at both points. googleg.cmd.push (function () googleg.display ("dfp-ad-article_in_article"););
"The stock market in general was up and people were doing those long-term investments than they have been talking for some time," said Pasic.
Almost 400 institutions reported that they received stock gifts in Prosecutor 2021. The number of these gifts increased by 6.2 percent at that time, and its value increased by 13 percent, depending on the survey .
Gifts without restrictions, which represent approximately 7 percent of the total delivery. Rose by 30 percent in Prosecutor 2021.
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"I have never seen this jump In the delivery without restrictions, "said Ann Kaplan, senior director of the voluntary support of the Education Survey.
Unprecedented growth in this category is likely to be due to the great attached donations without chains of the author and philanthropist Mackenzi E Scott and former Mayor of New York City Michael Bloomberg. Scott donated almost $ 7 billion to nonprofit organizations and higher education institutions, including historically black universities and universities, community colleges and tribal schools, although it is not clear exactly how much this was counted on the survey of this year. The money was not restricted, and the institutions could spend it as they saw it in shape.
As a result, Associate granting institutions reported an increase of 52.5 percent in donations in prosecutor 2021, according to the case survey. It is possible that Scott is shaken.
