February 20, 2008

Private Donations to Colleges Increase for 4th Consecutive Year

By Brad Wolverton

Backed by a strong economy and a growing stock market, American colleges and universities raised an estimated $29.8-billion in the 2007 fiscal year, the highest total ever recorded, according to a report scheduled for release today by the Council for Aid to Education.

But the country's recent economic troubles have some fund-raising experts concerned that the high times might be coming to an end.

Private donations to colleges and universities climbed by 6.3

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