ERIC Number: ED234679
Record Type: Non-Journal
Publication Date: 1982-Dec
Reference Count: N/A
Corporate Support of Higher Education, 1981.
Council for Financial Aid to Education, New York, NY.
Results of the Council for Financial Aid to Education's 1981 survey of 789 companies providing financial support to higher education are summarized. Attention is directed to: national trends in corporate pretax net income and contributions; inflation; corporate support in relation to total voluntary support and institutional expenditures; the distribution and types of corporate contributions; foundation cash flow by industry; changes in market value of corporate foundation assets by industry; comparative ranking of educational support by industry; and total support of education in relation to worldwide pretax net income, assets, and sales. Findings include the following: respondents reported large increases in their gifts to education despite a decline in pretax net income for the manufacturing companies and only a small rise in profits for the nonmanufacturers; in most industries experiencing profit declines, corporate-sponsored foundations were able to maintain giving levels--some by using earnings on invested assets and some by drawing on assets built up in high-profit years; and foundations served as a buffer against cyclical changes in corporate profits. Problems of measuring total corporate contributions nationally are also discussed. (SW)
Descriptors: Business Cycles, Donors, Economic Factors, Higher Education, Income, Industry, National Surveys, Philanthropic Foundations, Private Financial Support, School Business Relationship
Council for Financial Aid to Education, Inc., 680 Fifth Avenue, New York, NY 10019 ($5.00, prepaid).
Publication Type: Reports - Research
Education Level: N/A
Authoring Institution: Council for Financial Aid to Education, New York, NY.