ERIC Number: ED097839
Record Type: RIE
Publication Date: 1974
Reference Count: 0
Voluntary Support for Public Higher Education.
Horowitz, Laura, Ed.
Business corporations have significantly stepped up their support of public colleges and universities, and in 1972-73 for the first time gave more money to public institutions than to major private universities. This report analyzes gifts received by 283 public colleges and universities from corporations, foundations, private individuals, and community organizations. Altogether, the 283 public institutions attracted $402.1 million in gifts and grants from private sources during 1972-73, the latest year for which complete figures are available and the year covered by this report. Of this amount, corporation and business support accounted for $86.2 million or 21.4 percent. This was an increase of 26.4 percent from 1970-71. In 1972-73, corporations contributed $83.4 million to 65 major private universities--$2.8 million less than their contributions to the larger group of public institutions. The business community is the second largest source of private support to public higher education. The largest source of support is general philanthropic foundations, which account for $99.96 million or 24.9 percent of the public higher education voluntary support total in 1972-73. (MJM)
Publication Type: Numerical/Quantitative Data
Education Level: N/A
Authoring Institution: Brakeley, John Price Jones, Inc., New York, NY.