Million-dollar gifts down in higher education
At least 1,831 gifts of $1 million or more—a total of $24.5 billion—were given to charity across eight international regions in 2014, with higher education remaining the top recipient.
Yet it’s a decrease from 2013, when 1,995 donations worth $26.3 billion were reported.
That’s all according to research from the “Million Dollar Donors Report” released by the private United Kingdom-based bank Coutts in association with the Indiana University Lilly Family School of Philanthropy.
The U.S. was one of four regions experiencing a decrease, with gifts from individuals, foundations and corporations still totaling more than $14 billion in 2014.
Overall, individuals gave the most, with 59 percent of the total donated worldwide.