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February 3, 2010

Donors cut gifts to colleges

  • Nationwide, gifts for endowments and new buildings saw the biggest decreases, but the UW had its best fundraising year in history.
    • By DONNA GORDON BLANKINSHIP
    Associated Press Writer

    Charitable contributions to colleges and universities plummeted an average 11.9 percent nationwide in 2009, the steepest drop in at least three decades, according to a new report.

    Individual giving dropped in both dollars and participation numbers. Gifts for endowments and new buildings saw the biggest decreases, according to the Council for Aid to Education, which released its 2009 fiscal report today.


     
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