Hopkins ranks fourth in donations nationally
Private donations to Hopkins went up by over $50 million last year, making it fourth in the nation among universities, according to the Council for Aid to Education (CAE).
The University attributed this growth to several large gifts, including the gift to launch the Carey Business School, foundation grants from the Gates Foundation, and support for multiple building projects in East Baltimore and Homewood, according to Fritz Schroeder, senior associate vice president for development and alumni relations.
"These gifts, combined with the ongoing, sustaining support of thousands of Johns Hopkins alumni, parents and friends, allowed us to reach the $430 million figure," he said.
Nationally, charitable contributions to institutions of higher education grew by 6.3 percent last year, reaching a new high of $29.75 billion.
According to the CAE, foundation giving was up by 19.7 percent in 2007 - a surge that was responsible for driving the overall increase in private giving.
According to Margaret Hindman, the senior associate director for foundation relations at Hopkins, "For the fiscal year of 2007, we did not see a significant increase in foundation giving. Foundation giving has consistently accounted for a third of private giving to Hopkins in recent years."
Alumni givings to universities, traditionally the foundation of monetary donations, declined by 1.5 percent in 2007.
According to the CAE, an increase in alumni donations by 18.3 percent in 2006 set the stage for this past year's decline.
In the last decade, alumni giving has never increased in a single year by more than this percentage, a trend which the CAE says is caused by an overall decline in alumni participation nationally.
This trend is, in part, caused by the surge in enrollment in the country's colleges and universities over the last decade - from 1994 to 2004, enrollment increased by 21 percent.
The number of young alumni has been increasing because of this enrollment surge, which has affected alumni participation in recent years.
The University attributed this growth to several large gifts, including the gift to launch the Carey Business School, foundation grants from the Gates Foundation, and support for multiple building projects in East Baltimore and Homewood, according to Fritz Schroeder, senior associate vice president for development and alumni relations.
"These gifts, combined with the ongoing, sustaining support of thousands of Johns Hopkins alumni, parents and friends, allowed us to reach the $430 million figure," he said.
Nationally, charitable contributions to institutions of higher education grew by 6.3 percent last year, reaching a new high of $29.75 billion.
According to the CAE, foundation giving was up by 19.7 percent in 2007 - a surge that was responsible for driving the overall increase in private giving.
According to Margaret Hindman, the senior associate director for foundation relations at Hopkins, "For the fiscal year of 2007, we did not see a significant increase in foundation giving. Foundation giving has consistently accounted for a third of private giving to Hopkins in recent years."
Alumni givings to universities, traditionally the foundation of monetary donations, declined by 1.5 percent in 2007.
According to the CAE, an increase in alumni donations by 18.3 percent in 2006 set the stage for this past year's decline.
In the last decade, alumni giving has never increased in a single year by more than this percentage, a trend which the CAE says is caused by an overall decline in alumni participation nationally.
This trend is, in part, caused by the surge in enrollment in the country's colleges and universities over the last decade - from 1994 to 2004, enrollment increased by 21 percent.
The number of young alumni has been increasing because of this enrollment surge, which has affected alumni participation in recent years.
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MamaBear
posted 3/02/08 @ 5:59 PM EST
Maybe this will mean Hopkins will start offering more financial aid!!! :)
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