West Michigan colleges raise $144M
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.
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