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West Michigan colleges raise $144M

January 28, 2016
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Students on Western Michigan University’s main campus in Kalamazoo, near the Chemistry Building. Photo via fb.com

In West Michigan, nine higher education institutions raised more than $144.7 million last year.

The Council for Aid to Education, or CAE, a national nonprofit based in New York, announced yesterday that charitable contributions to colleges in the U.S. reached $40.3 billion in 2015, which is a 7.6-percent increase from $37.45 billion in 2014 and the highest recorded total contributions since the inception of the survey in 1957.

West Michigan schools

Of the 28 Michigan-based institutions participating in the survey, nine of the schools are located in West Michigan: Aquinas College; Calvin College; Ferris State University; Grand Valley State University; Hope College; Kalamazoo College; Lake Michigan College; Montcalm Community College; and Western Michigan University.

Kalamazoo-based WMU had the highest amount of charitable giving in 2015, with a total of $44.9 million, which is up from $44 million in 2014.

Other institutions such as Calvin College, Hope College, and Lake Michigan College also saw an increase in financial support from 2014 to 2015.

FSU, GVSU and Kalamazoo College experienced slight declines in their charitable contributions during the same period.

Giving trends

The Voluntary Support of Education survey, which is conducted annually by CAE and intended to assess data on private giving to education, indicated several results: alumni giving rose 10.2 percent; non-alumni giving rose 23.1 percent; and gifts of $100 million or more rose for the second consecutive year.

Of the total $40.3 billion raised by institutions in 2015, nearly $10.85 billion was from alumni, about $8 billion came from non-alumni personal giving and $11.6 billion was from foundations.

Corporate giving remained flat from 2014 to 2015, with $5.75 billion raised both years, while financial support from other organizations declined 1.2 percent from $4.15 billion in 2014 to $4.1 billion in 2015.

Both art donations and appreciated-property gifts also increased during 2015, with appreciated property increasing 1.6 percent, with a value growth of 164.9 percent.

While gifts for endowment, property, buildings, equipment and loan funds remained flat, the financial support for current operations increased 13.1 percent to reach $24.65 billion.

Giving to West Michigan schools in 2015

Aquinas College, $9.96 million

Calvin College, $24.72 million

Ferris State University, $8.74 million

Grand Valley State University, $11.22 million

Hope College, $24.64 million

Kalamazoo College, $18.51 million

Lake Michigan College, $2 million

Montcalm Community College, $268,066

Western Michigan University, $44.94 million

Giving to other Michigan schools in 2015

Albion College, $5.34 million

Alma College, $10.88 million

Andrews University, $7.44 million

Central Michigan University, $13.69 million

Delta College, $4.65 million

Eastern Michigan University, $4.80 million

Hillsdale College, $131.7 million

Kettering University, $12.38 million

Lawrence Technological University, $13.93 million

Macomb Community College, $2 million

Madonna University, $2.58 million

Michigan State University, $131.49 million

Michigan Technological University, $19.84 million

Northwestern Michigan College, $1.48 million

Oakland University, $7.79 million

Siena Heights University, $6.98 million

University of Detroit Mercy, $10.59 million

University of Michigan, $394.31 million

Wayne State University, $47.98 million 

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