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July 15, 2008Growth in Giving to Education Likely to Slow in Coming Year; Council for Advancement and Support of Education Launches New Index to Gauge Fundraising Outlook |
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From Ascribe Newsfeed: The rate of growth in giving to education in the United States is likely to slow in the coming year, according to a new forecasting tool launched by the Council for Advancement and Support of Education. The CASE Fundraising Index predicts that philanthropic support for schools, colleges and universities will grow by 5.3 percent for the academic year that began on July 1. Over the last 20 years, the average annual rate of growth for giving to education has been 7 percent. For the 12-month period that ended on June 30, the CFI estimates that educational institutions will record a 7.2 percent increase in giving, roughly even with the 20-year average. The CFI is based on a survey of senior fundraising professionals at universities, colleges and independent schools in the United States. "We are excited about the potential of the CFI to provide our members and our profession with a valuable tool to gauge the outlook for fundraising in the coming year and to benchmark early estimates for the year just ended," said CASE President John Lippincott. Notes on methodology: The CFI is based on an electronic survey of senior fundraising professionals at 2,320 CASE-member institutions in the United States conducted between July 1 and July 9, 2008.
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