February 22, 2007
Private Donations to Colleges Increase for Third Consecutive Year
American colleges and universities raised an estimated $28-billion in private donations in the 2006 fiscal year -- $2.4-billion, or 9.4-percent, more than in 2005, according to a report released on Wednesday by the Council for Aid to Education. The significant jump, the biggest one-year increase since 2000, was the result of larger donations from alumni and other individual donors, many of whom were solicited through numerous major fund-raising campaigns.
According to the report,
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