Donations to education by the wealthy drop in US

November 10, 2010

According to a new study, the average size of gifts from wealthy individuals to education at all levels in the US was $12,759 in 2009, down from $28,329 in 2007, a drop of 55%. Education organizations still received the second-largest share of donations at 19.3%. The size of all gifts from those studied dropped by nearly 35% from 2007 to 2009. Inside Higher Ed | The Chronicle of Higher Education (free access)