ERIC Number: ED378684
Record Type: RIE
Publication Date: 1994
Reference Count: N/A
Corporate Support of Education, 1993.
Council for Aid to Education, New York, NY.
This document was published by the Council for Aid to Education, the only national nonprofit organization that focuses on education and private giving, particularly corporate giving. The first part presents national estimates for corporate contributions made during 1993. Preliminary data for 1994 indicate little if any growth, though the outlook for 1995 is somewhat more positive. Some of the findings were: (1) Adjusted for inflation, contributions have climbed 8 percent annually between 1976 and 1985, and have fallen an average of almost 1 percent annually since; (2) Corporate foundations continue to play a major role in bolstering consolidated corporate giving; (3) Corporate support of educational causes represented 42 percent of total contributions in 1993; (4) Higher education received the bulk of education support; and (5) The ratio of contributions to pretax income fell from 1992-93, while profits climbed. The second part presents results of the 1993 Survey of Corporate Contributions. A total of 321 out of 371 companies responded. The data are supplemented by findings of the Council's Voluntary Support of Education (VSE) survey. One highlight of the survey findings is that: education received the largest share--43 percent, or $759 million--of the $1.767 billion reported given to specific causes in the United States in 1993. Second, colleges and universities secured almost 73 percent of the education dollars. And finally, gifts of company products and property accounted for 16.4 percent of contributions to all causes. Fifteen tables and 13 figures are included. (LMI)
Descriptors: Corporate Support, Corporations, Donors, Educational Finance, Elementary Secondary Education, Endowment Funds, Higher Education, Industry, Philanthropic Foundations, Private Financial Support, School Business Relationship, School Support
Council for Aid to Education, 342 Madison Avenue, Suite 1532, New York, NY 10173 ($20, prepaid; free to supporters).
Publication Type: Numerical/Quantitative Data; Reports - Evaluative
Education Level: N/A
Authoring Institution: Council for Aid to Education, New York, NY.
Note: For the 1992 report, see ED 374 533.