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Alumni donate record amount

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."

Read the complete article here.
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