Harvard Beats Stanford, Raising Record $1.16 Billion in a Year

Harvard University raised a record $1.16 billion in donations in a single year, beating rival Stanford for the first time in a decade.

Harvard’s haul, the largest ever in higher education, represents more than the entire endowments of all but about 70 U.S. colleges. Stanford came in No. 2, with $928 million, its third-biggest total, according to a survey by the New York-based Council for Aid to Education, which tracks university giving.