PSE fundraisers optimistic about growth of giving

Fundraisers at US colleges and universities are optimistic about current and future giving, according to new data released by the US-based Council for the Advancement and Support of Education (CASE). Fundraisers estimate that financial giving increased by 7.1% for the 2012-13 academic year and they predict further growth of 6.2% for 2013-14. The 20-year average growth rate is 5.8%, indicating not only continued value placed on education by donors, but also a return to pre-recession levels of giving and growth. Giving to US PSE institutions peaked in 2007-08 at $31.6 billion before declining rapidly during the recession. 2011-12 saw amounts recover to $31 billion. CASE earlier reported that PSE foundations are increasing their fundraising goals, some by as much as triple. Chronicle of Higher Education | CASE News Release