March 12, 2009

Gifts to Colleges Rose Last Year, but Slowing Now

By Kathryn Masterson

Boosted by a healthy year-end finish in 2007, private giving to colleges and universities remained strong in the 2008 fiscal year, according to a new report by the Council for Aid to Education. The past few months have battered hopes that the trend would continue, at least for the next couple of years.

Colleges brought in an estimated $31.6-billion last year, the highest total ever reported in the council's annual "Voluntary Support of Education" survey, which included 1,052

Print Subscription

Digital Subscription

Already have an account? Log In Now.