university of chicago business school

Wealthy Donors Prefer Gifts to Universities

According to a study conducted by British private bank Coutts, donors who gave more than £1 million last year gave overwhelmingly to universities.

45 gifts above the million pound mark went to academic institutions, totaling about £295.5 in donations -- more than three times than what went toward health concerns or international development, the second and third most popular causes, respectively.

The trend is hardly exclusive to the UK. Just last week University of Chicago b-school alum David Booth gave one of the largest gifts ever made to an American university -- $300 million. Welcome to the University of Chicago Booth School of Business.

[Thanks Ben!]

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Tags: charity, david booth, DavidBooth, university of chicago business school, UniversityOfChicagoBusinessSchool, wealthy donors, WealthyDonors