Donations to U.S. educational institutions grew an estimated 5.4 percent during the academic year that ended June 30, 2014, a survey by the finds.
Based on a survey of senior fundraising professionals at more than seventeen hundred member institutions, including four-year public and private colleges and universities, community colleges, and private, independent schools nationwide, the found that fundraisers' estimates for giving to their institutions were up an average of 5.4 percent on a year-over-year basis — slightly above the 5.3 percent growth they had predicted at the beginning of the 2013-14 academic year. Survey respondents also expect growth to remain steady at 5.4 percent for the current academic year.
Fundraisers at four-year colleges and universities and their counterparts at two-year colleges are even more optimistic about the 2014-15 academic year, predicting a 5.7 percent and 5.5 percent increase in giving, respectively. Meanwhile, fundraising professionals at independent elementary and secondary schools estimate 5.9 percent growth for the 2013-14 academic year but were more pessimistic about 2014-15, predicting that growth might slow to an average of 4.7 percent. The twenty-year average for year-over-year growth in actual giving is 5.9 percent.
"The CFI results indicate that giving to education continues to grow, and that education is a top priority for many donors," said CASE president John Lippincott. "Overall, fundraisers at educational institutions are optimistic that giving will remain on a steady course during the next twelve months."