<p>Middlebury College, a Vermont school known for its foreign-language and writing programs, led all U.S. liberal arts schools in fund raising last year with the help of a $23 million donation by Wall Street money manager Shelby Davis. </p>
<p>Middlebury, which has secured more than $100 million in commitments for a pending capital campaign, raised an all-time high of $61.5 million in fiscal 2006, according to the Council for Aid to Education. Wellesley College received $55.9 million, followed by Williams College with $50.8 million.</p>