College Donations On the Rise as Government Funding Falls

Tim Goral's picture

As government funding for the nation’s colleges dwindle due to budget cuts and a sputtering economy, private donations to higher education have increased.

Donations to colleges and universities increased by 8.2% during 2011 for a total of $30.3 billion; according to a February report from the Council for Aid to Education.

Donations for endowments and buildings increased by 13.6% while donations for ongoing school programs increased 4.7%, according to the study.

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