Organization: Association of American Medical Colleges
Summary: Medical colleges and teaching hospitals raised 7.8 percent more in 2014 than in the year prior, according to the annual survey of the association’s members. In 2014, institutions took in an average of $59.8 million in gifts. In 2013, they raised an average of $55.4 million.
Donations to public institutions climbed from an average of $38.5 million to of $41.1 million, while those to private institutions increased from $79.9 million to $84.5 million.
The Association of American Medical Colleges has 161 member medical schools. Of those, 139 participated in the 2014 survey.
The increase in donations to medical colleges mirrors an increase in donations to higher education over all. In 2014, charitable contributions to colleges and universities climbed 10.8 percent to $37.45 billion, according to the Voluntary Support of Education survey published annually by the Council for Aid to Education.
Other findings of the survey:
- Of the 129 institutions that participated in both the 2013 and 2014 surveys, 69 raised more in 2014 than in the year before.
- Non-alumni and staff were the biggest donors to medical colleges, giving 80.9 percent of all donations.
- The median of gifts raised for student scholarships in 2014 was $1.3 million, up from $1.1 million in 2013.
- In 2014, total fundraising costs at all institutions averaged $6 million, an 8.5-percent increase over 2013.
- Colleges received a total of 1,346 gifts of at least $1 million; 250 were at least $5 million.