Even as the economy continues a plodding recovery, college fund raisers have higher expectations for their hauls this year and next, according to the results of a new survey released on Wednesday.
Fund raisers responding to the Council for Advancement and Support of Education’s Fundraising Index estimated they would see 7.1-percent growth in giving for the 2013 fiscal year, beating the 5.9-percent growth predicted in the same survey last year and surpassing the 20-year average growth rate of 5.8 percent.
Looking ahead, those surveyed projected a 6.2-percent average increase in growth for the 2014 fiscal year.
“We are returning not only to pre-recession levels of giving, but also pre-recession rates of growth in giving,” John Lippincott, president of CASE, wrote in an e-mail.
Mr. Lippincott credited the uptick to a robust stock market that’s far outpacing gross domestic product. “Major donors have seen significant increases in their personal wealth and are, therefore, willing and able to make significant philanthropic investments,” he wrote.Return to Top