October 24, 2008
Colleges Brace for Drop in Corporate Giving
Ask Dennis C. Washington, vice president for advancement at Kettering University, what will happen with corporate giving to his institution, and he declines to take a guess. Donations from corporations are a "mixed bag," he says.
While General Motors, which employs about 4,000 Kettering alumni, has just discontinued its matching-gift program — which provided the university with $61,000 last year — the Flint, Mich., institution continues to receive five-figure