U.S. Colleges Raise $47 Billion in Ninth Straight Record Year (1)

U.S. colleges raised $46.7 billion in the 12 months through June 2018, the ninth straight record year, as the lengthy bull market for stocks helped spur contributions.

Harvard University, the country’s richest school, pulled in the most money at $1.4 billion, according to a study released Feb. 11 by the Council for Advancement and Support of Education.

The S&P 500 Index’s 14 percent return in the period may have helped encourage giving from a variety of donors. Three colleges brought in more than $1 billion each. Seven got single gifts of $100 million or more, the highest number of ...