The United States Council for Aid Education’s Voluntary Support of Education (VSE) survey, which tracks data from 1,023 institutions, reports that charitable contributions to US colleges and universities increased 63% in 2007 to $29.75 billion. Twenty institutions raised $7.66 billion in total for 2007, making up 25.8% of all contributions to colleges and universities. The top fundraising university, Stanford, received $832.35 million, an 8.7% decrease from 2006. Donations for the next two universities, Harvard and the University of Southern California, increased 3.2% and 15.7% to $613.99 million and $469.65 million, respectively. Alumni contributions have risen 25.3% in the last five years, but in 2007 decreased 1.5%. Foundation giving, of which a third were from family foundations, increased 19.7% to $8.5 billion. Donations by family foundations, as reported by 634 surveyed institutions, increased 31.5%. Source: Council for Aid to Education