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Donors Down, Dollars Up: Higher Ed’s Quiet Concentration Crisis

FY2025 was a record year for higher ed fundraising and the fourth straight year donor counts fell. With 89% of funds coming from 2% of donors, here is why the major gift pipeline is hollowing out and what lean advancement teams can do about it.

Ahmed KhanAhmed Khan · August 10, 2026
Donors Down, Dollars Up: Higher Ed’s Quiet Concentration Crisis
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