Charitable contributions to colleges and universities plummeted an average 11.9 percent nationwide in 2009, the steepest drop in at least three decades, reports the Associated Press. Individual giving dropped in both dollars and participation numbers, and gifts for endowments and new buildings saw the biggest decreases, according to the Council for Aid to Education, which released its 2009 fiscal report on Feb. 3. Donation declines piled on top of endowment drops averaging 22 percent, plus state budget cuts for public colleges. "We knew that this was going to be a bad year," said Ann E. Kaplan, director of the survey....

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About the Author:

Meris Stansbury

Meris Stansbury is the Editorial Director for both eSchool News and eCampus News, and was formerly the Managing Editor of eCampus News. Before working at eSchool Media, Meris worked as an assistant editor for The World and I, an online curriculum publication. She graduated from Kenyon College in 2006 with a BA in English, and enjoys spending way too much time either reading or cooking.