Where is the Stanford University Foundation invested
Legendary windfall: In a five-year campaign, the Californian elite university Stanford collected 6.2 billion dollars in donations. Among the numerous donors were Nike founder Philip Knight and ex-Yahoo CEO Jerry Yang - and they did not spoil themselves.
It is already considered one of the richest universities in the world - now it is just a little richer. In a five-year fundraising campaign, Stanford University in California raised $ 6.2 billion in donations - more than any university before in a fundraising campaign.
Some of the university patrons were extremely generous. The university received 23 donations of $ 50 million or more, according to Bloomberg Businessweek magazine. Nike founder Philip Knight alone donated 105 million, Yahoo founder Jerry Yang was there with 75 million. Both are Stanford graduates. In total, the university collected more than 560,000 individual donations from more than 166,000 donors.
In contrast to Germany, many US universities are organized as private foundations. They are mainly financed through steadily increasing tuition fees and donations. That is why they go to great lengths to collect as much money as possible in fund-raising campaigns - primarily from graduates, parents and university members. Some universities have become very wealthy in this way. For example, Stanford University's foundation assets were $ 16.5 billion in 2011.
Columbia could trump Stanford
"The feedback from the extended Stanford family has been tremendous," said University President John Hennessy. "This is a community that comes together for something they believe in."
According to the university, a large part of the money will be invested in interdisciplinary teaching and research in the areas of education, the environment, health and international relations. With the donations, among other things, 160 new jobs have been created and 38 new buildings have been built or renovated, and more than $ 250 million has been invested in scholarships for undergraduate students who otherwise could not afford to study.
"This is a flood of cash that most public universities can only dream of," said John Aubrey Douglass, university researcher at the University of California. “Donors like to give their money to the universities with the big names. What worries me is that the rich universities are getting richer and richer. "
The Stanford Challenge fundraising campaign officially started in October 2006 with the goal of raising $ 4.3 billion. The total of 6.2 billion includes 2.19 billion dollars, which had flowed before the official start, said a university spokeswoman for "Bloomberg Businessweek".
So far, Yale University had held the record for the highest revenue from a fundraising campaign with $ 3.9 billion, as the University of Connecticut announced in 2011.
At the foundation universities, the money also fills holes from the financial crisis. Because almost all of them have lost a lot of money on stock market speculation. Between June 2008 and June 2009, private colleges lost an average of a fifth of their wealth.
However, Columbia University in New York is preparing to outdo all three. At the end of June 2011, the university stated that in the campaign that ran until the end of 2013, $ 4.3 billion had already been transferred from donors.
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