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ERIC Number: ED081372
Record Type: RIE
Publication Date: 1973
Pages: 71
Abstractor: N/A
Reference Count: 0
Patterns of Giving to Higher Education II: An Analysis of Voluntary Support of American Colleges and Universities, 1970-71.
Levi, Julian H.; Steinbach, Sheldon Elliot
Higher education in this country owes its creation almost entirely to the generosity of private benefactors. Given the significance of private gift support, it is important that all those who are concerned in the financing of higher education understand the amount, patterns, and characteristics of private philanthropy. The survey questionnaire requested 460 institutions to: (1) classify gift transactions as to more or less than $5,000; (2) classify gift transactions (cash, securities, real estate, or other property); and (3) classify bequests and deferred gifts transactions by size and form of gift received. Highlights of the survey include: (1) The total voluntary support of colleges and universities in 1970-71 is estimated at $1,860 billion. (2) All of the increase in total support was due to increased giving by alumni and nonalumni individuals. (3) Business corporations reduced their support 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. (5) Private, 4-year institutions reported only 1.9% more support 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 operations, the highest proportion on record. Appendices include responding institutions, the survey questionnaire, and details on the preparation of data. (Author/PG)
Publication Type: N/A
Education Level: N/A
Audience: N/A
Language: N/A
Sponsor: N/A
Authoring Institution: American Council on Education, Washington, DC.
Note: Oversized document, actual page count is 36