Monday, March 31, 2008

The Spectrum - -

The Spectrum - -: "Historically, gifts from individual alumni provide the bulk of charitable support.

In 2006, charitable contributions to colleges in the U.S. reached $28 billion, more than half of which came directly from alumni and other individuals, according to a recent Council for Aid to Education report.

Although major gifts, like Nike founder Philip Knight's $105 million pledge in 2006 to Stanford's business school, receive a lot of exposure and press coverage, the combined value of smaller gifts from an army of contributors funds a far greater portion of higher education."

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