Donations to US colleges grew slightly in 2010, survey finds

February 2, 2011

According to the Council for Aid to Education's annual Voluntary Support of Education Survey, donations to PSE in the US rose 0.5% during the 2010 fiscal year. Adjusted for inflation, giving declined 0.6%. Overall, US universities and colleges raised $28 billion in 2010, the same amount they raised during 2006. Last year's flat giving followed a year in which there was a reported 11.9% drop in donations to higher education, the steepest in the survey's 50-year history. The survey found that the percentage of alumni who donate continued to decline, dropping to a record low of 9.8%. The Chronicle of Higher Education (free access)