PA State Universities Saw Increased Donations
The AP reported yesterday that Pennsylvania’s 14 state-run universities raised 20% more donations in the 2007-08 fiscal year compared to the 2006-07 fiscal year.
Roughly one-third of the contributions came from university alumni, while individuals donated 18 percent and organizations and corporations contributed 17 percent each.
That’s only about 70%… where’d the rest come from?
I don’t think Penn State should worry much about this. I bet the development offices at those universities are less mature than our development office is, meaning that all the low-hanging fruit are still easy picking. The 2008-09 fiscal year will be a tough one, for every university.
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About the Author
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To paraphrase Mark Twain: The reports of higher education’s death have been an exaggeration. American universities produce more research and relevant knowledge for the world at large than any other institutions I know of. Tuition may be too damn high, but over the long-run, undergraduate degrees are definitely worth the cost. But Penn State could be so much more. It used to be, I think.