Comment on an Article on Market Cap & Gown

Private Giving to Colleges Dropped Sharply in 2009

With a battered economy and volatile financial markets taking their tolls on donors' pocketbooks, private giving to American colleges dropped sharply in 2009, according to findings of the annual Voluntary Support of Education survey, which were released on Wednesday. Donations were down $3.75-billion from the previous year—a decline of 11.9 percent, the steepest in the survey's 50-year history.