Technology

GIVING TO U.S. COLLEGES AND UNIVERSITIES AT $58 BILLION IN FISCAL YEAR 2023

Published

11 months ago

February 21, 2024

Giving is at its highest historical level, with the sole exception of 2022, according to the 2023 CASE Insights℠ on Voluntary Support of Education survey results

WASHINGTON, Feb. 21, 2024 /PRNewswire/ — Giving to U.S. higher education institutions was $58 billion in the fiscal year ending June 30, 2023. Although this represents a 2.5 percent decline from the record high reported in 2022, it demonstrates continued significant philanthropic support to the important higher education sector. The annual survey results were released today by the Council for Advancement and Support of Education (CASE) in a research brief.

The CASE Insights℠ on Voluntary Support of Education (VSE) survey is the definitive source of data about philanthropic support for nonprofit and public higher education institutions in the United States. Now in its 50th year of supporting advancement professionals, CASE recognizes the importance of understanding the level of philanthropic support for higher education institutions and the difference such support makes to recipient institutions and the many thousands of lives touched by them.

“The philanthropic investment of over $58 billion in higher education institutions in the United States last year should be a source of celebration and pride,” says Sue Cunningham, President and CEO of CASE.

“That so many individuals and organizations support colleges and universities indicates nationwide recognition of the immense value these institutions provide through transforming lives and society. Recent headlines too frequently cast a negative light on the value of institutions of higher education. However, the trust demonstrated by this level of philanthropy tells a different story. Kudos to the many who choose to give and to those working in institutions that educate future generations and undertake research to save and improve lives,” Cunningham adds.

In 2023, 757 institutions participated in the VSE survey. Those institutions reported that gifts from organizations rose. In contemporary philanthropy, organizations are the primary sources of support for U.S. colleges and universities, accounting for 64.7 percent of the funds reported on the survey. Among the organizations that contribute are foundations (including family foundations), corporations (including privately held companies), donor-advised funds, and a range of other organizations. Giving from individuals declined. Gifts for capital purposes, which support the physical and economic infrastructure of institutions, declined. Among survey respondents, gifts to unrestricted endowments and those funding newly established irrevocable deferred gifts increased, but together these categories represent less than 3 percent of total support among responding institutions.

“As illustrated in the accompanying research brief, viewed over a five-year period, the level of support is high despite a decline in this single year,” says Ann E. Kaplan, Senior Director of the CASE Voluntary Support of Education survey. “The stock market was weak in December 2022, and many donors time their charitable gifts to coincide with stock market growth periods. Some organizational donors base gift and grant levels on the previous year’s economy, making commitments a year or more in advance. This partly explains why the level of support from organizations rose when personal giving declined.”

“The data we collect on CASE Insights℠ surveys allow each institution to understand trends in its own performance over time and to benchmark with like institutions,” says Cara Giacomini, Vice President of Data, Research, and Technology at CASE. “National data give us an overview of what occurred in the aggregate, but each institution has a unique set of relevant metrics.”

The number of gifts totaling $100 million or more was higher than in 2022. There were 11 gifts of such magnitude in 2023, accounting for 3.9 percent of total support. That is more than double these gifts’ weight in 2022, when seven such contributions accounted for 1.8 percent of the total.

Large gifts predominantly, though not exclusively, fund endowments. Much of this endowed support is targeted by donors to fund student financial aid, academic divisions, and faculty and staff compensation. In contrast, smaller outright gifts tend to be restricted to current operations, with the largest percentage earmarked for research. Both types of support are of great value to institutions, though gifts to endowments arguably redistribute income to a greater extent than do contributions to annual funds.

A detailed brief on the findings can be found here. The 2023 annual publication will be available in April at the same link.

About CASE

CASE—the Council for Advancement and Support of Education—is a global, not-for-profit membership association with a vision to advance education to transform lives and society.

CASE is the home for advancement professionals, inspiring, challenging, and equipping them to act effectively and with integrity to champion the success of their institutions. CASE defines the competencies and standards for the profession of advancement, leading and championing their dissemination and application with more than 97,000 advancement professionals at over 3,000 member institutions in more than 80 countries.

Broad and growing communities of professionals gather under the global CASE umbrella. Currently, these include alumni relations, advancement services, communications, fundraising, government relations, and marketing. These professionals are at all stages of their careers and may be working in universities, schools, colleges, cultural institutions, or other not-for-profits.

CASE uses the intellectual capital and professional talents of a community of international volunteers to advance its work, and its membership includes many educational partners who work closely with the educational sector.

CASE Insights℠ is a way to access the data, standards, and research benefits available to all CASE members. Specialized CASE Insights℠ data, standards, and research enable members to make data-informed decisions, demonstrate strategic impact, and highlight success stories, while adhering to the ethical practices of the advancement profession. For more information, visit www.case.org/case-insights.

Headquartered in Washington, D.C., CASE works across all continents from its regional offices in London, Singapore, and Mexico City to achieve a seamless experience for all of its stakeholders, particularly its members, volunteers, and staff. For more information, visit www.case.org/.

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SOURCE Council for Advancement and Support of Education (CASE)

Technology

Planet Classroom Presents: Michael B. Horn on AI, Careers, and Lifelong Learning

Published

23 minutes ago

January 1, 2025

Empowering Youth to Thrive in an AI-Driven World with Insights from AI for a Better World

NEW YORK, Jan. 1, 2025 /PRNewswire-PRWeb/ — Planet Classroom Network proudly unveils the latest episode of its acclaimed series, AI for a Better World, featuring a dynamic conversation between host C.M. (Cathy) Rubin and Michael B. Horn, a leading voice in education innovation, career strategy, and AI.

In Future-Proof Your Career: Michael B. Horn on Navigating Jobs, AI, and Learning, Horn explores how artificial intelligence is reshaping education and work. He shares actionable strategies for lifelong learning, career empowerment, and aligning personal goals with professional growth to help individuals succeed in a rapidly evolving job market.

Key Insights from the Episode

Adaptability in the AI Era: “The biggest skill people need in an AI-driven world is to quickly learn new skills, to become a lifelong learner,” says Horn.

Taking Control of Careers: Horn asserts, “Just as much as employers are hiring you, you get to hire your next employer,” emphasizing career agency and intentional choices.

Education That Matters: Highlighting institutions like Western Governors University, Horn praises their integration of real-world experience with academic credentials to prepare students for a tech-driven economy.

Aligning Passion with Work: Horn discusses how understanding what drives your energy leads to better career choices and improved performance.

Planet Classroom’s Mission to Empower Youth

This episode reflects Planet Classroom Network’s dedication to inspiring the next generation of changemakers. By connecting youth with thought leaders like Michael B. Horn, Planet Classroom empowers its audience with tools to navigate AI’s impact on education, careers, and personal development.

About the Planet Classroom Network

Planet Classroom Network, organized by CMRubinWorld, connects young changemakers with global thought leaders, creators, and innovators. Supported by over 30 international cultural organizations and youth contributors, the platform delivers culturally rich and diverse content designed to educate, engage, and inspire lifelong learning.

About Michael B. Horn

Michael B. Horn is a celebrated author and thought leader in education and career development. His book Job Moves provides practical strategies for navigating careers in an AI-driven job market, empowering individuals to align work with passion and purpose.

About C.M. Rubin

C.M. Rubin, founder of CMRubinWorld and co-founder of Planet Classroom, is a renowned voice in global education, career strategy, and media. Her platform, The Global Search for Education, spotlights trends shaping the future of learning and work.
Watch Now: Future-Proof Your Career: Michael B. Horn on Navigating Jobs, AI, and Learning.

Watch Now: Future-Proof Your Career: Michael B. Horn on Navigating Jobs, AI, and Learning.

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SOURCE Planet Classroom Network

Technology

The 20 Best Industries for Remote Work in 2024: Virtual Vocations Report

Published

23 minutes ago

January 1, 2025

Virtual Vocations’ 2024 report is a comprehensive guide to the best industries for remote jobs, offering both seasoned home-based professionals and telecommuting newcomers the information they need to thrive in the ever-evolving remote job market.

TUCSON, Ariz., Jan. 1, 2025 /PRNewswire-PRWeb/ — Virtual Vocations, a leading online job board specializing in fully remote job postings, published its annual industries report. The growing demand for remote work has reshaped job markets, and the latest findings from Virtual Vocations reveal that certain industries are leading the charge in offering fully remote roles.

“As industries increasingly adopt remote work options, jobseekers now have a wider range of opportunities to find flexible roles that align with their personal and professional lifestyles.” –Laura Spawn, CEO and co-founder of Virtual Vocations

The report provides detailed analysis on the most prominent industries offering remote positions, showcasing job categories that are both in-demand and conducive to a telework environment. These industries are characterized by their ability to offer roles that support employee productivity, creativity, and work-life balance.

Whether it’s tech professionals designing the future of innovation, educators facilitating learning from a distance, or healthcare providers offering telemedicine services, these sectors are at the forefront of remote employment trends.

Key Highlights of the 2024 Industries Report:

TECHNOLOGY: The tech sector continues to dominate the remote job market, with companies offering roles in software development, IT support, cybersecurity, and data analysis.

HEATHCARE: Remote healthcare opportunities are on the rise, especially in telemedicine, medical coding, and health administration roles that allow workers to assist patients and healthcare organizations from home.

EDUCATION: As virtual learning becomes more common, educators, tutors, and instructional designers are finding abundant opportunities to work remotely, providing teaching and training services online.

MARKETING & SALES: With digital transformation, the demand for remote positions in marketing, content creation, SEO, and sales has surged, making it an ideal sector for remote jobseekers.

Regarding the findings, Laura Spawn, CEO and co-founder of Virtual Vocations, stated, “As industries increasingly adopt remote work options, jobseekers now have a wider range of opportunities to find flexible roles that align with their personal and professional lifestyles.”

The full report provides a detailed analysis of each industry, including job types, average wages, and career outlooks based on Bureau of Labor Statistics data. It also features 50 remote-enabled companies offering remote positions across these sectors.

To explore the full remote industries report, visit the Virtual Vocations blog at https://www.virtualvocations.com/blog/annual-statistical-remote-work-reports/20-best-industries-for-fully-remote-jobs-in-2024/.

ABOUT VIRTUAL VOCATIONS
Founded in 2007 by CEO Laura Spawn and her brother, CTO Adam Stevenson, Virtual Vocations is a small company with a big mission: to connect jobseekers with legitimate remote job openings. To date, Virtual Vocations has helped more than four million jobseekers in their quests for flexible, remote work.

In addition to providing a database of current, hand-screened, and 100% remote job openings, Virtual Vocations offers jobseekers a number of tools to aid in their job searches, including exclusive career courses, downloadable jobseeker content, and career coaching and resume writing services. Virtual Vocations also releases several data-driven reports each year on current trends in remote work.

Virtual Vocations, Inc. is a private, family-owned, and 100% virtual company incorporated in Tucson, Arizona.

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SOURCE Virtual Vocations, Inc.

Technology

DayOne Launches as an Independent Global Data Center Pioneer Following Series B Funding Closure

Published

5 hours ago

January 1, 2025

SINGAPORE, Jan. 1, 2025 /PRNewswire/ — DayOne, a leading global data center pioneer, officially launched as an independent group on January 1, 2025, ushering in a transformative new era following the successful completion of its series B funding, led by renowned global investment institutions. Formerly operating as GDS International (GDSI), DayOne, founded in 2022 and headquartered in Singapore, has built a proven track record of creating and scaling markets across Asia-Pacific and beyond, driving digital transformation and enhancing regional connectivity.

The brand name “DayOne” encapsulates the company’s entrepreneurial spirit and relentless focus on customers, innovation, and growth. It signifies a mindset of respecting each day as an opportunity to embrace new possibilities, create impactful solutions, and deliver value across the markets we operate in. Inspired by its legacy of pioneering digital infrastructure and unlocking markets, “DayOne” represents a forward-looking commitment to empowering industry leaders with next-generation infrastructure solutions. Guided by humility and a deep reverence for our work and the industries we serve, “DayOne” is dedicated to creating value for all—spanning customers, business partners, investors, employees, and the communities we support.

Over the past year, DayOne secured approximately USD $1.9 billion through its Series A and Series B equity rounds, backed by world-class investors such as SoftBank Vision Fund, Kenneth Griffin, CEO of Citadel, Coatue Management, and Baupost Group.

These investments have not only underscored confidence in DayOne’s ability to deliver reliable, scalable, and sustainable digital infrastructure solutions but have also paved the way for its transformation into an autonomous entity. DayOne’s autonomy spans corporate governance, operations, finance, and technology functions. Its governance is further strengthened by a globally experienced and diverse board, with over half comprising independent investor directors.

Adding to its strategic depth, DayOne recently welcomed three esteemed board leaders: Lim Ah Doo, Co-Chairman of the Board and Chairman of Olam Group Limited; and board advisors Ken Miyauchi, former President & CEO of SoftBank Corp., and Bob McCooey, Vice Chairman of Nasdaq. This robust governance framework ensures balanced decision-making aligned with international best practices, laying a solid foundation for sustainable growth and long-term value creation.

“The trust from our investors speaks volumes about the strength of DayOne’s vision and our ability to deliver transformative results in a rapidly evolving industry,” said William Huang, Chairman of DayOne. “This transformation goes beyond operational independence— it solidifies our role as a leader in setting new industry benchmarks, advancing regional digital growth, and championing sustainable innovation.”

Jamie Khoo, CEO of DayOne, said: “DayOne represents more than a new name—it’s a commitment to leading with purpose, agility, and innovation. Our focus is on delivering cutting-edge digital infrastructure that propels industries and communities forward. This new chapter empowers us to create lasting impacts on economies and build a future-ready digital ecosystem.”

Gary Wojtaszek, Vice-Chairman of the Board and former President and CEO of CyrusOne, stated: “The formation of DayOne marks a pivotal moment for the industry. Backed by a forward-thinking board and an exceptional leadership team, DayOne is set to redefine digital infrastructure and establish new benchmarks in the sector.”

Operating across key markets such as Singapore, Johor (Malaysia), Batam (Indonesia), Greater Bangkok, Hong Kong SAR, and Tokyo, DayOne combines deep local expertise with a global vision to meet the growing demands of hyperscalers and enterprises. Its innovative strategies, such as the SIJORI market creation, integrate the strengths of Singapore, Johor, and Batam to deliver interconnected, scalable, low-latency, and sustainable digital infrastructure solutions.

DayOne’s competitive edge lies in its ability to anticipate market demands and deliver customer-centric solutions. With a focus on innovation, the company consistently sets industry benchmarks in speed, scalability, and execution. Its sustainability efforts include cutting-edge cooling technologies, renewable energy adoption, and green building designs aimed at reducing environmental impact and enhancing operational resilience.

Looking ahead, DayOne envisions a future where digital infrastructure fuels economic transformation and accelerates global connectivity. By integrating sustainability with advanced technology, DayOne is poised to drive innovation and empower industries worldwide.

About DayOne

DayOne is a data center pioneer that develops and operates next-gen digital infrastructure for industry leaders who demand reliable, cost-effective and quickly scalable solutions.

Our cutting-edge facilities empower hyperscalers and large enterprises to achieve rapid deployment and enhance connectivity, driving transformative engagement and innovation as we shape the future of industries. DayOne’s data centers are located across key markets, including Singapore, Johor (Malaysia), Batam (Indonesia), Greater Bangkok, Hong Kong SAR, Tokyo, and beyond.

Headquartered in Singapore, DayOne’s leadership team draws on over two decades of industry experience and a track record of building Asia’s largest data center business. With DayOne, they have created the SIJORI (Singapore, Johor, and Riau Islands) market as a global data center hub.

As demand for strategically located and customized data centers rises, DayOne’s entrepreneurial spirit, customer-first strategy, deep local partnerships, and agile executional capabilities uniquely position us to power the growth ambitions of leading hyperscalers and large enterprises around the world.

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SOURCE DayOne Data Centers