Snapshot of world philanthropy: Higher education receives 40% of donations, a total of $7.5 billion in 2013; Russia makes report for first time ever.
"Higher education is a popular destination for million dollar donations around the world, but variations in how philanthropy is viewed by the public make it difficult to identify additional trends. This is according to the Million Dollar Donors Report 2013, produced by Coutts, Private Bank and Wealth Manager. The report, now in its fifth year, shows that almost 40% ($7.5bn) of total donations from the six countries or regions surveyed, went to higher education institutions in 2013. The report also noted that the concept of philanthropy is at different stages of development around the world." -- Neil Brady, the Guardian