The Top 1 Percent among Nonprofits Doing Quite Well, Thank You

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October 12, 2011; Source: Bloomberg BusinessWeek | The world’s richest college, Harvard University, announced the third-highest fundraising haul in its history, raising $639 million last year. Gifts increased 7 percent overall, and gifts for current use, which have been emphasized over the past year, increased 12 percent. But even these impressive numbers were dwarfed by the growth in Harvard’s endowment, which swelled by $4.4 billion to $32 billion in fiscal year 2011. The rich get richer even amongst us nonprofits?. .—Ruth McCambridge