While spending more money to manage university endowments instead of reducing student tuition, donations for colleges and universities continue to grow unabated.
"Fundraisers at schools, colleges and universities in the United States estimate that donations to their institutions grew 5.1 percent during the academic year that ended June 30, according to survey results released this month by the Council for Advancement and Support of Education (CASE).
"Conducted twice a year, the CASE Fundraising Index (CFI) survey asks educational fundraising professionals to estimate the level of charitable giving to their institutions for the 12-month period just ended and to predict the level for the 12 months ahead. In addition to fundraising estimates for colleges and universities, the CFI includes estimates for pre-collegiate independent (private) schools."--NPT Staff, TheNonProfitTimes