Wealthy donors give $19 billion, favor higher education � Philanthropy North Carolina

Wealthy donors give $19 billion, favor higher education � Philanthropy North Carolina: Nearly 1,250 individual and institutional donors in six regions of the world made nearly 2,000 gifts of $1 million or more totaling $19 billion in 2012, a new report says.

Institutions of higher education received the most funds, $7.05 billion, followed by foundations, which received $2.87 billion, says the Million Dollar Donors Report from Coutts and the Lilly Family School of Philanthropy at Indiana University.

Individuals gave 46 percent of total dollars donated in all six regions combined, including the U.S., Britain, Russia, the Middle East, China and Hong Kong, while foundations gave the most gifts in four of the six regions.