Gifts to colleges and universities broke all records in 2008, but began to decline as the recession deepened, and will most likely continue to do so for the next two years, according to a survey by the Council for Aid to Education.
The University of California, Los Angeles, raised the most of any public institution, coming in sixth on the list, with $456.6 million, followed by the University of Wisconsin-Madison, ranked eighth with $410.2 million.