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VSE Report: CASE President Encouraged by Charitable Growth

Another record year of charitable giving, at $41 billion, will have "enormous impact" on U.S. colleges and universities, says CASE President and CEO Sue Cunningham. 

According to the VSE survey, charitable contributions to colleges and universities increased from $40.3 billion in 2015 to $41 billion in 2016, the highest total recorded since the survey launched in 1957.

In a statement, Cunningham noted the $1.7 billion increase in contributions from 2015 to 2016 from foundations and corporations as a sign of the growing understanding between these entities and campuses across the country.

Additionally, this year's results show that direct support of student financial aid clearly remains an important donor priority with 16.8 percent of total support being given for that purpose.

"The report gives us an opportunity to thank the thousands of people and institutions that are supporting U.S. higher education, and to celebrate all that this generosity is making possible," Cunningham said. "For example, donations earmarked for research—the largest share of designated funds—help spark technological innovation and medical breakthroughs, and fund myriad other types of research that are advancing humanity throughout the world."

The VSE survey is conducted annually by the Council for Aid to Education and sponsored by CASE.

This article is from the February 2017 BriefCASE issue of BriefCASE.