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ERIC Number: ED077332
Record Type: RIE
Publication Date: 1972
Reference Count: 0
Voluntary Support of Education 1970-71.
Council for Financial Aid to Education, New York, NY.
This report presents the results of the twelfth "Survey of Voluntary Support of Education" conducted by the Council for Financial Aid to Education. Highlights of the findings of the survey include: (1) The total voluntary support of colleges and universities in 1970-71 is estimated at a new record high of $1.860 billion. (2) All of the increase in total support was due to increased giving by alumni and nonalumni individuals, and much of this resulted from a sharp gain in bequests. (3) Business corporations reduced their support by 5.7% in 1970-71, primarily because of lower profits. (4) The public colleges and universities reported 12.2% more support in 1970-71 than in 1969-70. (5) Although the private, 4-year institutions continued to account for the lion's share of total support, they reported only 1.9% more in 1970-71 than in 1969-70. (6) The private junior colleges and public community colleges reported a large decline in support in 1970-71. (7) More than 55% of the 1970-71 total was earmarked for current operating expenses. (HS)
Descriptors: Educational Economics, Educational Finance, Financial Support, Higher Education, Private Financial Support, Surveys
Council for Financial Aid to Education, 6 East 45th Street, New York, New York 10017 ($5.00)
Publication Type: N/A
Education Level: N/A
Sponsor: American Alumni Council, Washington, DC.; National Association of Independent Schools, Boston, MA.
Authoring Institution: Council for Financial Aid to Education, New York, NY.