NC universities report steep decline in gifts

RALEIGH, N.C. (AP) - Donations fell sharply at several of North Carolina's larger colleges and universities as the economic downturn seemed to have decreased the number of larger donations.

By: Associated Press | WNCT-On Your Side
Published: February 06, 2010

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RALEIGH, N.C. (AP) - Donations fell sharply at several of North Carolina's larger colleges and universities as the economic downturn seemed to have decreased the number of larger donations.
The News & Observer of Raleigh reports the trend has meant schools have canceled or postponed construction projects and are cutting the amount of money available for scholarships.
Duke University saw one of the biggest declines in the fiscal year that ended last June, with donations down 22 percent. But Duke says that steep drop also come off a record year for gifts
Giving at North Carolina State University is down about 15 percent, and the University of North Carolina-Chapel Hill saw a 7 percent decrease in donations.

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