News
By Christina Brown
|
February 19, 2007
As the University's Capital Campaign increasingly relies on private donations, a recent study shows that other schools are also increasingly benefiting more from private donations.
According to a survey conducted by the Chronicle of Philanthropy on the 60 most generous Americans, colleges and universities received more gifts from the top donors in 2006 than any other types of institution in America, as reported in an article by the Chronicle of Higher Education.
Colleges received 34 gifts from the top donors while the next largest group, foundations, were given 28 gifts, according to the Chronicle.
The University's Capital Campaign is heavily dependent on such large independent contributions, including John Tudor Jones' gift of $35 million given last year for the new arena, said Bob Sweeney, senior vice president for development and public affairs.
"We anticipate in our campaign that we will need 133 gifts of over $5 million of principal gifts to become one of the truly elite universities in America," Sweeney said.
The Campaign, which has a goal of raising three billion dollars by Dec.