Giving to colleges flattens without Bloomberg gift in 2020, ending decade of growth
AndreyPopov/iStock/Getty Images Donor-advised funds were a major source of fundraising for colleges and universities, according to an annual report released Tuesday. Charitable giving to colleges and universities was essentially flat in the 2020 fiscal year despite the pandemic. For the first time in a decade, total giving to higher education institutions fell slightly, from $49.6 billion to $49.5 billion, according to the Council for Advancement and Support of Education’s latest annual giving survey. Record-breaking totals last year were inflated by a $1.8 billion gift from Michael Bloo...
Source: insidehighered.com