Stanford University set a record for college fundraising, the first school to collect more than $1 billion in a single year. Stanford ranked first in the Council for Aid to Education’s annual college fundraising survey for the eighth straight year. In 2012, roughly 3,500 U.S. colleges and universities raised $31 billion, up 2.3 percent from the previous year. The record is $31.6 billion raised in 2008.
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