Donations to higher education may reach pre-recession levels in 2013
- A survey by the Council for Advancement and Support of Education found that giving to higher education institutions grew by 5.5% in 2012 and predicted additional growth of 5.8% in 2013, which would exceed the "high watermark" set prior to the recession.
- During the 2007-2008 academic year, donations reached $31.6 billion, but they fell dramatically due to the recession before rising again to $30.3 billion in 2010-2011.
- Voluntary Support of Education figures from the Council for Aid to Education show that the expected 5.8% growth rate for 2013 equals average annual growth rates over the past 20 years.
From the article:
Colleges and universities depend largely on donations, and if one estimate holds true, giving to higher education institutions is on track to exceed the watermark set before the 2009 recession. ...
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