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College Donations Slowed in 2012 as Alumni Giving Dropped

Donations to U.S. colleges and universities rose 2.3 percent in the year through June, less than a third of the previous year’s increase, as more alumni backed away from giving.

Donors gave $31 billion to higher education in fiscal 2012, compared with an 8.2 percent increase to $30.3 billion a year earlier, according to a report released today by the Council for Aid to Education in New York. The amount of donations from alumni declined 1.3 percent, after rising 9.9 percent the previous year, the council said.