ERIC Number: ED085027
Record Type: RIE
Publication Date: 1973-Sep
Reference Count: 0
Corporate Support of Higher Education, 1972.
Council for Financial Aid to Education, New York, NY.
This report presents the results of the 10th national biennial Survey of Corporate Support of Higher Education. Survey findings indicate: (1) There was a pronounced upturn in corporate support of education between 1970 and 1972. (2) Among 19 industries, ten reported increased dollar support of education between 1970 and 1972, while nine industries reported less dollar support of education in 1972 than in 1970. In two cases this was accompanied by a decline in pre-tax net income (PTNI). (3) A total of 671 companies supplied some information for the 1972 survey, and their reported contributions to education amounted to $128.0 million. In comparison to the 1970 survey, this represents a decrease of about 1.2% in the number of corporations, and an increase of 2.6% in the total dollar support of education. (4) The 16 companies in the primary metals industry head the list, with educational support equal to 0.56% of the PTNI, roughly 2 1/2 the average for all companies participating in the survey. Changes in giving patterns, prospects for 1973, and national trends are discussed. The appendix includes corporate support of higher education and the expenditures of colleges and universities, a note on survey technique, and a note on pre-tax net income and contributions. (MJM)
Publication Type: N/A
Education Level: N/A
Authoring Institution: Council for Financial Aid to Education, New York, NY.