In making a pitch for more donations, the Minnesota Private College Council has noted that giving to higher-ed institutions has seen a double-digit decrease over the past decade -- most noticeably since the financial crisis year of 2008:
When the amounts are not adjusted for inflation, the comparison of 2001 to 2010 is relatively flat. When inflation is taken into account, however, contributions dropped 13% at the U of M and 18% at the Council's members.
Nationally giving to colleges and universities plunged by 11.9% in 2009 and only increased by 0.5% in 2010. (That is actually a decline of 0.6%, when adjusted for inflation.)
Before you keep reading ...
MPR News is made by Members. Gifts from individuals fuel the programs that you and your neighbors rely on. Donate today to power news, analysis, and community conversations for all.