April 3, 2009
Colleges' Billion-Dollar Campaigns Feel the Economy's Sting
The economy's collapse has caught up with the billion-dollar campaign. In the past 12 months, the amount of money raised by a dozen of the colleges engaged in higher education's biggest fund-raising campaigns fell 32 percent from the year before, according to a Chronicle analysis.
The decline, which started before the worst of the recession, has forced colleges to postpone expansion plans, readjust their budgets, and ask better-off donors to expedite pledge payments. If the slump
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Off Beat
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The Chronicle Review
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