Giving to Colleges: There's Reason for Hope

The mood related to attracting private support for higher education has darkened considerably in recent months. On most campuses, both public and private, the unbridled optimism of the late 1990s has been replaced by a subdued sense that the philanthropic landscape has changed for the worse.

The reasons for this sense of alarm are clear. In the aftermath of one of the largest percentage declines in stock-market history -- a drop that has taken its toll on individuals and

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