Thursday, May 18, 2006

The Times: US has advantage in hunt for funds

Dean Paul Danos via The Times explains why Tuck enjoys the high-level of donations and endowments from its alumni base:
“It is a defining characteristic of our school, where our alumni, who benefited from the generosity of alumni while they were students at Tuck, are now helping today’s students become tomorrow’s business leaders and future supporters of the school.”
The Times also illustrates the Tuck's success in money-raising:

Tuck has embarked on a huge fundraising campaign. Its “investing in excellence” programme aims to raise $110 million (£61.6 million) by December 2009. In 2004-05, its first year, the campaign raised $66 million, with more than 24 gifts in excess of $500,000.

Last year 64 per cent of alumni contributed, the highest rate among business schools. This makes Tuck less reliant on tuition fees than most of its competitors. Fees bring in about 40 per cent of revenue compared with 60-80 per cent at most privately funded schools.

Source: The Times by Stuart Crainer May 18, 2006

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