New Record: Stanford Raises $1B in a Year
3.5K US universities bring in $31B
By Matt Cantor,  Newser User
Posted Feb 21, 2013 2:41 AM CST
In this Feb. 15, 2012 file photo, a Stanford University student walks in front of Hoover Tower on the Stanford University campus in Palo Alto, Calif.   (AP Photo/Paul Sakuma, File)

(Newser) – For the eighth year running, Stanford University is the top fundraising university in the US—and this year, its haul surpassed $1 billion, setting a new record. Runners-up were Harvard, with $650 million, and Yale, with $544 million, the BBC reports. Some 3,500 universities brought in a combined $31 billion, 2.3% more than last year and just below the 2008 record. "We're climbing out of the doldrums," says an analyst behind the survey.