[lbo-talk] Yale rakes it in

[Doug Henwood]

[To put this in perspective, the amount Yale has raised so far in this  
campaign is larger than all but 25 U.S. university/college endowments  
at the end of 2008. It's about the size of Brown's, and is larger than  
Johns Hopkins, NYU's, UNC-Chapel Hill, Rockefeller University, Case  
Western Reserve...]

<http://www.yaletomorrow.yale.edu/report/CAR_financial_pg1.html>

Donors Sustain Campain Ahead of Projections

  	
Giving in the third public year of the Yale Tomorrow campaign stands  
as testimony to the loyalty of Yale alumni, parents, and friends. In a  
time of financial crisis, the University has reduced its expenditures  
by 7.5 percent and slowed its most ambitious capital projects— 
judicious steps that were no doubt reflected in the personal finances  
of donors. Nevertheless, the period July 1, 2008–June 30, 2009 brought  
$433.9 million in gifts and pledges, with strong support in the form  
of annual gifts, reunion gifts, and other contributions.

Together, donors raised the Campaign total to $2.719 billion—a solid 9  
percent ahead of the straight-line projection of gifts needed to reach  
$3.5 billion by the close of the Campaign in 2011.

“This year we continued to build support for Yale’s most important  
priorities— our students, our faculty, and the extraordinary work they  
do. Alumni, parents, and friends have responded with such generosity  
and affection for Yale, and we are so grateful to everyone.”

—Inge T. Reichenbach, Vice President for Development