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Stanford University raises record US$1 billion in '12AP SAN FRANCISCO -- Stanford University has set a new record for college fundraising, becoming the first school to collect more than US$1 billion in a single year, according to a report released Wednesday.
February 21, 2013, 12:26 am TWN For the eighth straight year, Stanford ranked first in the Council for Aid to Education's annual college fundraising survey, which shows that elite institutions continue to grab a disproportionate share of donor dollars. In the 2012 fiscal year, roughly 3,500 U.S. colleges and universities raised US$31 billion, 2.3 percent more than the previous year. The record was set in 2008 when schools took in US$31.6 billion before fundraising dropped during the height of the financial crisis.
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