ERIC Number: ED205058
Record Type: RIE
Publication Date: 1981-Jan
Corporate Support of Higher Education 1979.
Council for Financial Aid to Education, New York, NY.
Results of an annual survey of corporate giving to higher education show corporate support continuing to advance, both in dollar amounts and in relation to several important indicators. Among the highlights are these: national estimates show education support at a new high of $870 million, a 17.6 percent rise over 1978 and almost double the 1975 figure. There is a minimal gain in percentage of pretax net income given to education. Education's share of total corporate contributions rose from 1978 but is still lower than in 1975. Inflation eroded dollar gains between 1967 and 1979, limiting the average annual gain to 2.0 percent compared to the 8.8 percent current dollars gain. However support rose faster than contributions for all other purposes combined and more than pretax net income. Direct company contributions rose, while funding of company foundations slowed. The printing and publishing industry ranked first in percentage of pretax net income at 0.565 percent and in percentage of total contributions going to education at 49.6 percent. Manufacturing companies contributed 0.206 percent of pretax net income to education; nonmanufacturing companies 0.144 percent. It was found that national measures of total corporate contributions by the Internal Revenue Service differ from the actual flow of corporate dollars, and the appendix outlines those measurement problems. Notes on definitions and methodology are also appended. (MSE)
Descriptors: Economic Climate, Economic Progress, Educational Finance, Fund Raising, Higher Education, Income, Inflation (Economics), National Surveys, Philanthropic Foundations, Private Financial Support, Publishing Industry, School Business Relationship
Council for Financial Aid to Education, Inc., 680 Fifth Avenue, New York, NY 10019 ($5.00).
Publication Type: Reports - Research; Numerical/Quantitative Data
Education Level: N/A
Authoring Institution: Council for Financial Aid to Education, New York, NY.