Donations to universities hit a record $24.4 billion

Donations to universities hit a record $24.4 billion: "Donations to universities hit a record $24.4 billion
Thursday, March 03, 2005
ASSOCIATED PRESS
After two years without growth, charitable contributions to U.S. colleges and universities rose 3.4 percent last year to a record $24.4 billion, according to a report released yesterday.
The increase was driven by a 9.7 percent increase in giving from individual donors, including a 21.5 percent surge in giving by non-alumni individuals. That offset a 6.1 percent decline in giving by foundations"