Private Donations to Colleges Increase for 4th Consecutive Year

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.

Full-text article by Brad Wolverton is available via The Chronicle of Higher Education, 2.20.08. [Subscription required.]

The report is available for purchase via the Council for Aid to Education.