The purpose of this study was to review and analyze the resources needs and sources of resources and level of training and capacity building in resource mobilization in Kenyan private chartered universities. The study employed a descriptive survey research design. Purposeful sampling technique was used to select 63 respondents (staff) from three private universities within Nakuru town. Data was collected by use of questionnaires, coded and analyzed descriptively by use of Statistical Package for Social Scientists (SPSS) computer program. Study findings showed that: training and capacity-building efforts on resource mobilization are yet to have a significant impact on resource mobilization efforts; students were the main source of resources for the private universities and tuition fees formed the bulk of the resources mobilized by private universities; regular awareness, training and capacity-building in resource mobilization among the staff; empowerment of university campuses in order to mobilize as many resources.