Giving to colleges falls 11.9 percent...

February 4, 2010

Giving to colleges and universities in the U.S. fell 11.9 percent in fiscal 2009, the largest drop in at least 30 years, says a new study from the Council for Aid to Education, The Associated Press reported Feb. 3 (see university fundraising story).

While Americans have donated more than $644 million for relief efforts in Haiti in the three weeks following the earthquake, the pace of giving is slowing and some worry there will not be enough money over the long term to meet the staggering needs, The Associated Press reported Feb. 3 (see Haiti giving story).

In order to plug a $150 million budget gap created by a massive drop in its endowment, Yale University plans to cut non-faculty employees, freeze salaries, reduce thermostats and trim the number of graduate students it accepts, The New York Times reported Feb. 3 (see Yale deficit story).

In Great Britain, more than 820,000 people have dementia, costing the country's economy $36.5 billion annually, more than cancer and heart disease combined, but receives little research funding, says a report commissioned by the Alzheimer's Research Trust, The Telegraph reported Feb. 3 (see dementia costs story).

Although large companies in Australia have suffered during the recession, more than four in 10 say they have increased their overall community investment, and more than a third report no change, Third Sector Magazine reported Feb. 3 (see corporate philanthropy story).

As part of a net loss of population in the state, affluent New Jersey residents moved away between 2004 and 2008, taking with them an estimated $70 billion in wealth, a trend that is affecting the state's tax structure, The Star-Ledger reported Feb. 4 (see New Jersey giving story).

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