Taken at face value, it seems to be nothing but good news.
According to a February report by the Council for Aid to Education, charitable giving to U.S. colleges and universities went through the roof in 2013: $33.8 billion to higher education, an unprecedented number. 2014 has gotten off to a strong start as well.
I only have one concern based on my own understanding of why this laudable increase occurred.
The strong stock market is cited here as a reason for the increase, as it was in a separate study of an equally conspicuous spike in overall giving that I commented on in my February 14 post. I noted then that the market was a factor, but not the only factor. [Read more…]