2013 VOLUNTARY SUPPORT OF EDUCATION

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1 2013 VOLUNTARY SUPPORT OF EDUCATION

2 Contents Introduction Voluntary Support of Education, Password-Protected Extras... 1 Sorted Lists... 1 VSE 2013 and Advancement Investment PowerPoint Files... 1 Data Miner... 1 Higher Education National Estimates Table 1: Estimated Voluntary Support of Higher Education by Source and Purpose, 2012 and Figure 1: Voluntary Support of Higher Education by Source, Figure 2: Voluntary Support by Source as a Percentage of Total Voluntary Support, Figure 3: Percentage Change in Endowment Values and Stock Market Indexes, Figure 4: Percentage Change in Voluntary Support, Gross Domestic Product (GDP), and the New York Stock Exchange (NYSE) Index, Figure 5: Percentage Change in Voluntary Support by Purpose, Gross Domestic Product (GDP), and the New York Stock Exchange (NYSE) Index, Figure 6: Percentage Change in Voluntary Support from and Nonalumni Individuals, Gross Domestic Product (GDP), and the New York Stock Exchange (NYSE) Index, Figure 7: Percentage Change in Voluntary Support from Foundations and Corporations, Gross Domestic Product (GDP), and the New York Stock Exchange (NYSE) Index, Survey Results Figure 8: Voluntary Support by Purpose as Reported by Survey Respondents, Table 2: Voluntary Support by Purpose, 2012 and Figure 9: Voluntary Support by Source as Reported by Survey Respondents, Table 3: Voluntary Support by Source, 2012 and Figure 10: Sources of Revenue for Survey Respondents, Figure 11: Voluntary Support as a Percentage of Expenditures, as Reported by Survey Respondents, Table 4: Vital Statistics, Table 5: Voluntary Support by Type of Institution, 2012 and Table 6: Percentage of Voluntary Support by Source at Types of Institutions, Figure 12: Hard-Credit and Soft-Credit Contributions from Individuals, Table 7: Participation Rate, Solicitation Effectiveness, and Average Gift, 2012 and Table 8: Undergraduate-Degreed Participation Rate, Solicitation Effectiveness, and Average Gift, 2012 and Figure 13: Components of Participation, Figure 14: Participation, Table 9: Giving for Current Operations by Type of Institution, 2012 and

3 Voluntary Support of Education 2013 Table 10: Giving for Current Operations and Capital Purposes by Type of Institution, 2012 and Table 11: Support from Governing Board Members, 2012 and Table 12: Hard-Credit and Soft-Credit Gifts from Governing Board Members, Figure 15: New Pledges, Figure 16: Number of Realized Bequests and New Bequest Intentions, Figure 17: Value of Realized Bequests and New Bequest Intentions, Table 13: Percentage Distribution of Gifts to Endowment with Restrictions on the Use of Income Earned, Table 14: Percentage Distribution of Gifts for Current Operations with Restrictions on Use, Table 15: Voluntary Support by Type of Foundation, Table 16: Total Corporate Support and Matching Gifts by Type of Institution, Figure 18: Significance of Large Gifts: All Institutions, Figure 19: Significance of Large Gifts: Public Multiple Campuses, Figure 20: Significance of Large Gifts: Private Research/Doctoral, Figure 21: Significance of Large Gifts: Public Research/Doctoral, Figure 22: Significance of Large Gifts: Private Master s, Figure 23: Significance of Large Gifts: Public Master s, Figure 24: Significance of Large Gifts: Private Baccalaureate, Figure 25: Significance of Large Gifts: Public Baccalaureate, Figure 26: Significance of Large Gifts: Private Specialized, Figure 27: Significance of Large Gifts: Public Specialized, Figure 28: Significance of Large Gifts: Private Associate s, Figure 29: Significance of Large Gifts: Public Associate s, Precollege Survey Results Figure 30: Voluntary Support by Source as Reported by Survey Respondents, Table 17: Voluntary Support by Source, 2012 and Figure 31: Voluntary Support by Purpose as Reported by Survey Respondents, Table 18: Voluntary Support by Purpose, 2012 and Figure 32: Average Contributions per Responding Precollege Institution, Figure 33: Total Contributions to Higher Education Institutions, Figure 34: Contributions for Current Operations and Capital Purposes to Precollege Institutions, Figure 35: Contributions for Current Operations and Capital Purposes to Higher Education Institutions, Figure 36: Precollege and Parent Participation and Solicitation Effectiveness, Figure 37: Precollege and Parent Participation and Solicitation Effectiveness, Giving and the Economy Figure 38: Changes in Voluntary Support of Higher Education Institutions Related to the Stock Market and Recessions, Figure 39: Changes in Current Operations Contributions Related to Gross Domestic Product, Figure 40: Changes in Capital Purposes Contributions Related to the Stock Market, Figure 41: Total Value of Gifts of Securities to 481 Responding Institutions, 2012 and Figure 42: Number of Gifts of Securities to 481 Responding Institutions, 2012 and Figure 43: Average Value of Each Gift of Securities to 481 Responding Institutions, 2012 and Summary Tables Summary Table A: Reported Voluntary Support of Higher Education by Source and Purpose, Summary Table B: Estimated Total Voluntary Support of Higher Education by Source and Purpose,

4 Methodology Definitions of Reporting Categories Carnegie Classification Institutional Data Higher Education Data Pages Multiple Campuses...Data Page 1 Research and Doctoral Institutions...Data Page 1 Master s Institutions...Data Page 13 Baccalaureate Institutions...Data Page 31 Specialized Institutions...Data Page 45 Associate s Institutions...Data Page 49 Other: (Unclassified, System Administration, System Summary, and Canada)...Data Page 59 Precollege Data Pages National Association of Independent Schools...Data Page 63 Other Precollegiate Schools...Data Page 71 Seventh-day Adventist Academies...Data Page Indexes to Institutional Data Higher Education... Index Page 1 Precollege... Index Page 8

5 Table 1 Estimated Voluntary Support of Higher Education by Source and Purpose, 2012 and 2013 (Dollars in Millions) Percentage Change to 2013 Amount Percentage Amount Percentage Adj. for Raised of Total Raised of Total Current $ Inflation Total Voluntary Support $31, $33, Source $7, $9, Nonalumni Individuals 5, , Corporations 5, , Foundations 9, , Religious Organizations Other Organizations 2, , Purpose Current Operations $18, $20, Capital Purposes 12, , Percentages may not add to 100 due to rounding. Figure 1 Voluntary Support of Higher Education by Source, 2013 Other Organizations $3.20 (9.5%) Corporations $5.10 (15.1%) Total Support $33.8 Billion Religious Organizations $0.30 (0.9%) $9.00 (26.6%) Higher Education National Estimates Findings, 2013 Contributions to colleges and universities in the United States rose 9 percent in 2013, to $33.80 billion, according to the annual Voluntary Support of Education (VSE) survey conducted by the Council for Aid to Education. The total is the highest recorded in the history of the survey. In 2009, voluntary support fell from $31.60 billion, which was then the historical high, to $27.85 billion. Giving to higher education institutions gradually recovered from that loss, reaching the 2013 high point. Voluntary Support by Source, 2013 and nonalumni individuals together contributed 44.9 percent of the 2013 gifts. All organization types combined contributed 55.1 percent. Foundations were responsible for 29.6 percent of the 2013 contributions, more than any other single donor type. contributed almost as much as foundations 26.6 percent. Foundations $10.00 (29.6%) Nonalumni Individuals $6.20 (18.3%) 2 VSE 2013

6 Figure 30 Voluntary Support by Source as Reported by Survey Respondents, 2013 Religious Organizations 0.1% Other Organizations 1.7% Corporations 3.4% 34.0% Precollege Survey Results Table 17 Foundations 23.3% Other Individuals 5.5% Grandparents 5.9% Voluntary Support by Source, 2012 and 2013 Parents 26.0% (Dollars in Thousands) All Institutions Reporting Core Group % Change Percentage Average per Percentage Average per % Change in Total Source of Support Amount of Total Institution Amount of Total Institution in Average Support $335, $2,360 $368, $2, Parents 245, , , , Grandparents 12, , Other Individuals 57, , Corporations 28, , Foundations 175, , , , Religious Organizations 1, , Other Organizations 17, , Total All Sources $872, $6,146 $1,082, $7, Number of Institutions Reporting Dollar amounts may not add to totals and percentages may not add to 100 due to rounding. Hackley School received one gift of $49.27 million from a grandparent, which affected the 2013 average. Findings, 2013 Contributions to the core group of 128 precollege institutions that responded to the 2012 and 2013 VSE surveys increased 22.4 percent. The average amount raised per responding institution increased 18.3 percent. One institution, Hackley School, received a $49.27 million contribution that had a strong effect on the 2013 data. Without that contribution, contributions to the core group of precollege institutions increased 16.1 percent. Voluntary Support by Source, 2013, parents, and foundations contributed 83.3 percent of the funds raised by precollege survey respondents. Contributions from grandparents increased percent in the core group of responding institutions. The $49.27 million gift to Hackley School was from a grandparent. Corporate support increased 19 percent after falling in Contributions from individuals who are not affiliated with the school as alumni, parents, or grandparents, declined 1.2 percent. Contributions from religious organizations also declined, but such contributions represent less than 1 percent of total support to the responding institutions. 24 VSE 2013

7 PUBLIC MULTIPLE CAMPUSES PUBLIC RESEARCH/DOCTORAL INSTITUTION TOTAL SUPPORT OUTRIGHT SUPPORT FOR CURRENT OPERATIONS OUTRIGHT SUPPORT FOR CAPITAL PURPOSES DEFERRED GIVING SOURCES OF SUPPORT INDIVIDUALS 1 Outright and Deferred Combined 2 Unrestricted 3 Restricted 4 Property, Buildings, Equipment 5 Endowment: Income Unrestricted 6 Endowment: Income Restricted 7 Loan Funds 8 Present Value 9 10 Parents 11 Others PUBLIC MULTIPLE CAMPUSES Delaware Technical and Community Colleges (DE) 2, , ,244 Indiana University (IN) 305,885 3, ,219 18, , ,207 39, ,971 Ivy Tech Community College of Indiana (IN) 14, ,899 3, ,376 Kent State University (OH) 18, ,606 2, , , ,411 New Mexico State University (NM) 12, , , , ,268 Ohio State University (OH) 290,595 2, ,342 25, , ,601 76,712 2,033 41,612 Penn State University (PA) 217,631 2, ,057 47, , ,626 86, ,621 Purdue University (IN) 121,592 8,612 48,733 27,372 6,667 26, ,191 41, ,996 Rutgers University (NJ) 106,251 2,333 56,367 10, , , ,457 University of Alaska (AK) 19,885 1,190 18, ,751 University of Colorado (CO) 118, ,970 1, , ,251 3, ,171 University of Connecticut (CT) 45,861 1,270 21,027 7, , ,107 13,313 1,993 12,899 University of Hawaii (HI) 45, , , ,817 9, ,310 University of Michigan (MI) 351,552 1, ,617 98, , , ,680 3,972 43,541 University of Nebraska (NE) 215, ,129 82, , ,416 38, ,656 University of New Mexico (NM) 65, , , , ,246 University of Oklahoma (OK) 194,258 1, ,676 40, , , ,716 University of Washington (WA) 336,184 33, ,244 11,265 1,111 54, ,391 45, ,657 PUBLIC RESEARCH/DOCTORAL Arizona State University (AZ) 108,011 1,955 85,800 4, , ,115 1,348 22,919 Auburn University-Main Campus (AL) 67, ,385 5, , ,468 30,393 4,963 9,131 Ball State University (IN) 17, ,355 5, , , ,296 Bowling Green State University (OH) 9, ,443 1, , , ,536 Central Michigan University (MI) 14, ,569 1, , , ,862 Clemson University (SC) 75,666 2,450 42,008 19, , ,683 1,186 24,773 Cleveland State University (OH) 6, , , , College of William and Mary (VA) 69,028 12,040 18,973 14, , ,240 1,445 2,524 Colorado School of Mines (CO) 31,152 2,223 6,385 7, , , ,357 Colorado State University (CO) 112,473 2,288 75,540 14, , ,264 1,917 25,629 East Carolina University (NC) 15, ,195 2, , ,936 East Tennessee State University (TN) 10, ,082 1, , ,791 Florida Atlantic University (FL) 11, ,627 2, , ,545 Florida International University (FL) 24, ,834 4, , , ,099 Florida State University (FL) 61, ,770 2, , ,807 1,302 22,834 1 VSE DATA 2013

8 PUBLIC MULTIPLE CAMPUSES PUBLIC RESEARCH/DOCTORAL 12 Foundations SOURCES OF SUPPORT ORGANIZATIONS 13 Corporations 14 Religious Orgs. 15 Fundraising Consortia and Other Orgs. 16 Number of Bequests PLANNED GIFTS ALUMNI GIVING SUM OF THREE LARGEST GIFTS FROM... VITAL STATISTICS 17 Value of Bequests 18 Number of Deferred Gifts (See Col. 8 for $ amount.) 19 of Record 20 Solicited 21 Donors 22 of Record (Undergrad. Degrees Only) 23 Donors (Undergrad. Degrees Only) 24 Living Individuals Bequests Foundations Corporations 28 Institutional Expenditures 29 Endowment (Market Value) 30 Beginning Fall Enrollment (Headcount) PUBLIC MULTIPLE CAMPUSES ,271 1, , ,103 21,205 14,933 79,379 77, , , , ,423 69,220 9,914 4,728 15,221 11,036 2,303,317 1,735, ,067 3,557 4, , ,788 84,583 1, ,594 25, ,099 3,439 3, , , , ,000 8,807 2, ,121 1, ,184 94,585 42,513 1,492 3, , ,802 41,519 5,121 89,215 3,767 1,217 2, , , ,387 29,768 25,351 93, , , , ,820 70, ,554 52,109 22,474 6,556 5,803 5,575 2,410,000 1,530,734 63,964 29,704 45, , , , ,411 72,111 24,183 14,886 4,789 7,365 2,889,000 3,033,700 84,578 16,360 43, , , , ,656 46, ,405 39,557 6,859 3,281 3,299 12,329 1,634,152 2,182,000 75,703 24,429 22, , , , ,540 24, ,181 18,547 3,384 12,522 14,998 5,611 1,976, ,321 58,788 1,314 13, , ,825 59,563 2,299 66,552 1, , , ,347 33,937 29,512 62, , , ,628 1, , , ,026 15,506 1,885, ,465 57,592 4,692 10, , , , ,048 20, ,173 14,039 4,515 5,183 1,710 2,720 1,156, ,174 30,474 12,653 7, , , , ,999 11, ,344 7,179 5,652 2,386 2,842 2,580 1,647, ,390 60, ,805 29, , , , ,302 56,092 67,301 11,355 13,988 4,216 3,251,961 8,382,314 60,798 28,421 74, , , , ,543 29,291 9,250 14,430 11,130 37,685 1,632,080 1,338,728 50,406 15,898 16, , , , ,642 7,075 3,776 1,689 8,139 5,160 1,127, ,302 36,722 21,680 44, , , , ,825 26,970 63,942 4,225 6,230 4,068 1,188,486 1,330,317 28, ,388 68, , , , ,483 48, ,295 33,373 4,233 8,439 60,547 24,916 4,119,070 2,347,000 51,576 PUBLIC RESEARCH/DOCTORAL 49,983 15, , , , ,958 20, ,325 14,107 6,836 2,015 26,153 5,404 1,711, ,789 73,378 2,958 15, , , , ,907 21, ,976 19,169 4,659 2, , , ,061 25,134 4,451 3, , , ,596 17,511 1,480 1,524 3,396 1, , ,705 21,053 1,214 1, , ,346 10, , ,560 19,697 1,617 5, , ,471 96,503 10, , , ,491 92,409 27,693 6,783 30, , , ,679 15,845 2,102 2,365 1,108 19, , ,697 20,768 2, ,668 35,000 3, , ,105 61,707 17,525 8,878 2, , , ,577 79,092 18,551 60,170 14,368 3,249 28,906 4, , ,724 8,258 5,219 9, , ,985 22,491 2,126 20,276 1,793 8,086 1,072 4,074 4, , ,000 5,549 21,540 34, , , , ,773 15,190 10,205 3,018 11,110 15, , ,414 30,647 1,330 3, , , ,666 11, , ,701 26,947 1,909 3, , ,979 80,979 2,400 67,275 1,823 1, , ,930 81,843 15,133 3,611 1, , , ,521 2, ,682 1,984 1,107 2,110 1,801 1, , ,287 30,750 9,928 7, , , ,195 14, ,252 11, ,953 2, , ,384 43,951 6,738 10, , , , ,431 57,964 3,203 12,117 1,938 3, , ,095 40,695 VSE DATA

9 NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS INSTITUTION TOTAL SUPPORT OUTRIGHT SUPPORT FOR CURRENT OPERATIONS OUTRIGHT SUPPORT FOR CAPITAL PURPOSES DEFERRED GIVING SOURCES OF SUPPORT INDIVIDUALS 1 Outright and Deferred Combined 2 Unrestricted 3 Restricted 4 Property, Buildings, Equipment 5 Endowment: Income Unrestricted 6 Endowment: Income Restricted 7 Loan Funds 8 Present Value 9 10 Parents 11 Grandparents 12 Others NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS Albuquerque Academy (NM) 5,288 1,081 4, ,719 Asheville School (NC) 3, , , Baldwin School (PA) 2,658 1, , , Baylor School (TN) 5,287 1, , , ,981 Belmont Hill School (MA) 11,838 3, , ,519 4, ,276 Berkeley Preparatory School (FL) 8, , , Berkshire School (MA) 9,209 2, ,581 4, ,532 1, Blair Academy (NJ) 7,489 1, ,969 1, ,897 2, Blake School (MN) 4,992 1, , , Bolles School (FL) 2,023 1, , Boys' Latin School of Maryland (MD) 3, , , Brearley School (NY) 7,065 3, , ,551 3, Breck School (MN) 6,870 1, , , , Brewster Academy (NH) 1, Browning School (NY) 8,323 1, , , , Brunswick School (CT) 16,188 3, , , , ,535 Bryn Mawr School (MD) 2,988 1, , , Cardigan Mountain School (NH) 11,991 1, , , ,627 7, Castilleja (CA) 4,147 1, , , Cate School (CA) 5,037 1, , , ,367 2, Chadwick School (CA) 2,150 1, Chatham Hall (VA) 2, , , Choate Rosemary Hall (CT) 19,310 4,982 4,715 3,029 1,267 5, ,422 5, Churchill School (MO) Collegiate School (NY) 12,336 3, , ,027 9, Collegiate School (VA) 7,534 1, , ,309 3, Colorado Academy (CO) 5, , , ,023 Community School of Naples (FL) 2, , ,331 Concord Academy (MA) 6,067 2, , , ,457 2, Convent of the Sacred Heart (NY) 8,905 2,292 1,202 5, ,011 6, Culver Educational Foundation (IN) 35,937 6, , , ,674 2, ,045 Cushing Academy (MA) 3, , Darlington School (GA) 2, , , Deerfield Academy (MA) 27,246 5, , , ,590 5, ,606 Delbarton School (NJ) 5,428 1, , , VSE DATA 2013

10 NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS 13 Foundations SOURCES OF SUPPORT ORGANIZATIONS 14 Corporations 15 Religious Orgs. 16 Fundraising Consortia and Other Orgs. 17 Number of Bequests PLANNED GIFTS ALUMNI GIVING SUM OF THREE LARGEST GIFTS FROM... VITAL STATISTICS 18 Value of Bequests 19 Number of Deferred Gifts (See Col. 8 for $ amount.) 20 of Record 21 Solicited 22 Donors Bequests Foundations Corporations Living Individuals Institutional Expenditures 28 Advancement Program Expenditures 29 Endowment (Market Value) 30 Beginning Fall Enrollment (Headcount) NATIONAL ASSOCIATION OF INDEPENDENDENT SCHOOLS ,032 5, , ,681 1, ,528 1, , ,910 3, , , , ,500 3, ,579 1,202 9, , ,960 6,064 1, , ,097 2, ,053 1, ,677 3,383 1,801 2, ,490 1,997 92, ,846 3, , ,662 1,168 13,915 1,298 2, ,566 5,139 1,066 1, , ,734 1, , , ,315 6,178 2,077 1, , ,214 1,239 75, , ,615 6, , ,596 1,047 55,942 1, ,572 6, , ,098 1, ,248 1, , , , , ,715 4,037 1, ,991 1, , , ,854 3, , , ,428 1,065 49,105 1, ,178 3, , , ,674 1, ,455 1,204 43, ,200 1, ,055 3, , , ,829 2,051 94, ,639 2,985 1, , , ,616 3, , ,299 1,042 23, ,445 2, ,249 1,288 50, , ,329 3,156 1, ,607 1,142 77, ,290 3, , , ,209 2, , , , ,807 12,299 3,739 3, , ,590 3, , , , ,374 3,280 1,144 3, ,048 1,657 68, ,628 5,018 1,194 2, ,587 1,710 50,569 1,602 1, ,203 2, , , , , , , ,153 4,483 1,391 1, ,200 1,300 57, ,214 3,214 1,017 2, ,670 1,094 33, ,640 2, , ,950 12,042 2,561 3,625 13,817 7, ,152 4, , , ,879 5, , ,950 1,458 32, ,493 6, , , , ,865 9,914 3,144 4, , ,732 3, , ,202 4,474 1, ,698 1,341 26, VSE DATA

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