December 19, 2008

Recession Rattles Nerves in Fund-Raising Offices

By Kathryn Masterson

After years of growth and earlier predictions that higher-education fund raising would escape the brunt of the economic crash, the recession has started to affect colleges' efforts in that area, according to results of a Chronicle of Higher Education–Moody's Investors Service survey. Predictions are that 2009 may be even tougher, with shrinking annual funds and even job cuts among fund raisers.

Over half of the 189 respondents to the survey of chief financial officers,

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