Yale Leads Rebound in Donations as $100 Million Gifts Multiply

Yale University and the University of Pennsylvania are leading a rebound in contributions to colleges as donors who held back during the recession are writing checks again following two years of a rising stock market.

Gifts to universities will probably increase 5.7 percent in the fiscal year ending June 30, after slumping the past two years, said John Lippincott, president of the Council for Advancement and Support of Education. At least six schools got donations of $100 million or more this year, including the University of Pennsylvania, which said on May 11 it received $225 million for its medical school.