The University of Michigan helps lead the way in a record year of fundraising for higher education, bringing in $251 million in 2006. On a list of top fundraisers, U-M was No. 16.
"Prosperous alumni helped make 2006 a record fundraising year for colleges and universities, which hauled in an all-time high of $28 billion - a 9.4 percent jump from the year before.
The University of Michigan did not see such a big jump, but did maintain a level of fundraising in 2006 that had grown by leaps and bounds in the past few years. U-M raised $251 million in 2006, according to a report released last week by the Council for Aid to Education. That's about $120,000 more than it raised in 2005. The report counts only cash received during that period, not the full value of pledges due in upcoming years."
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