Ivy league schools are beginning to raise seven figures per annum; Harvard and Stanford raise roughly $114K per hour, totaling around $1B each since 2012.
"Donations to Harvard University have topped $1 billion for the second straight year.
"The Ivy League school said in an annual report Thursday that it collected $1 billion in gifts in the year ended June 30, after getting $1.2 billion the previous year. The surge in donations, which are up from $792 million in 2013, follows the formal start of a campaign to raise $6.5 billion by 2018 to boost education and research and carry out construction projects across the campus in Cambridge, Massachusetts, and Boston.
"The university has already reached $6.1 billion of donations and pledges in that campaign, according to Jeff Neal, a spokesman."--Michael McDonald, Bloomberg Business
