Giving to colleges and universities grew 13.7 percent to $23.2 billion in the fiscal year ended June 30, 2000, according to a survey by the Council for Aid to Education in New York.
But college fundraisers expect giving to slip this year in the face of a slumping economy, market turbulence and corporate layoffs, The Chronicle of Philanthropy reported in its May 3 issue.
Growth in giving to higher education outpaced the 10.9 percent increase in 1999, but lagged the 15 percent increase in 1998, Ann Kaplan, director of the survey, told the Chronicle.
Giving to higher education has grown an average 9.1 percent a year for the past 30 years, Kaplan said.
Of the total given in 2000, alumni gave 29 percent, other donors gave 23 percent, corporations gave 18 percent, foundations gave 22 percent and other organizations gave 8 percent.
At 225 private elementary and secondary schools in the survey, donations grew 28 percent.