Centre Daily Times | 12/27/2005 | Pittsburgh schools ask for billions from donors

Centre Daily Times | 12/27/2005 | Pittsburgh schools ask for billions from donors: "Pittsburgh schools ask for billions from donors
Universities say funds will pay for buildings, help with recruiting
The Associated Press

PITTSBURGH -- The University of Pittsburgh and Carnegie Mellon University are among 25 U.S. colleges and universities in the midst of campaigns to raise $1 billion or more.

Experts say that's not just good news for the schools, but for the economy of Pittsburgh and the surrounding region.

'Even if you use a fairly conservative multiplier effect of three or four times, assuming a lot of this is new dollars coming into Pittsburgh, it's a significant impact on a community and a tremendous source of pride to a community,' said John Lippencott, president of the Council for Advancement and Support of Education. The group represents fundraisers at 3,200 colleges and universities."