July 25, 2003

Why Foundations Have Cut Back in Higher Education

By MARY B. MARCY

In the midst of continuing endowment losses and dismal state budgets, higher education hardly needs to get more bad financial news. But we are getting it, and this time from some longtime friends.

Several of the most prominent foundations in the country -- the Annenberg Foundation, the Atlantic Philanthropies, the Pew Charitable Trusts -- have announced that they plan to substantially reduce their grants to higher education; some may even stop giving altogether. Such actions

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