Universities: The Golden West
Harvard is no longer the heavyweight champion of academic fundraising, says a new survey by the John Price Jones Co. The crown has slipped west to Stanford, which last year raised $38.5 million, compared with Harvard's $36 million. The apparent spur was one of the Ford Foundation's challenge grants, which seem to be shifting the financial balance of power in U.S. college fundraising. Stanford took on a 3-for-l Ford grant of $25 million, swept past the goal by rounding up $84.2 million more in 33 months. Harvard has yet to be Ford-powered.
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