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The Blessing and Curse of Fundraising for Higher Education

Can you name the top three American universities that raised the most money last year?

If Harvard topped your list, you’re right. The nation’s oldest institution of higher education raised $1.19 billion in the 2016 fiscal year. Perhaps some other Ivy League universities made your list, like Yale or Columbia, or that basketball juggernaut, Duke, or those Midwestern universities that seem to have tons of loyal alumni, like Notre Dame or Michigan.