Harvard finished second to Stanford in fundraising this fiscal year, according to an annual survey published by the Council for Aid to Education (CAE), raising $614 million dollars. Cardinal out-raised Crimson by over $200 million dollars.Yale saw a drop of 9.7 percent from 2006 to 2007, which resulted in a drop from third to eight.
The University of Southern California, Johns Hopkins University, and Columbia University rounded out the top five institutions. In total, American institutions of higher education received nearly $30 billion in donations, an increase of 6.3 percent over the previous year.
The 20 institutions with the highest levels of fundraising account for nearly a third of that increase, about $518 million. These schools raised over $7.5 billion, representing a quarter of total donations.