July 13th, 2016
During the second quarter of 2016, more than 8,800 executives of US public companies sold $11.5 billion in stock, according to a recent Donor Watch report. Topping the list are executives who received their undergraduate degrees from schools in Pennsylvania and New Jersey, with those states raising $950M and $880M in cash, respectively. Rounding out the top five states are alumni of schools in South Carolina ($680M), New York ($590M) and Massachusetts ($510M).

The top undergraduate schools with the most alumni stock sales during Q2 include the University of South Carolina, University of Pennsylvania, Princeton University, Harvard University, Penn State University and the University of California, Santa Barbara.

Notably, the U.S. Military Academy is ranked among the top 10 schools for the first time ever. Several smaller schools also cracked this quarter's top prospect list with impressive alumni stock sales, including Union College, Colby College, Ohio Wesleyan University and Iona College.

This quarter's list of wealthy execs is led by several industry titans, including Amazon's Jeff Bezos, Wells Fargo's John Stumpf, Delta Airline's Richard Anderson, Monster Beverage's Rodney Sacks and Microsoft's Bill Gates. The Q2 stock sales for these top executives totaled $1.4 billion, or 13% of all sales.

In addition to renowned philanthropists, the list also includes thousands of lesser known millionaires who are often more discreet about their wealth and philanthropy efforts.

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