CLASS IS IN RECESSION
When donations to post-secondary institutions plummet, the smaller schools suffer most
>>> As the price of oil has plunged, so too have donations to Alberta’s colleges and universities. Fundraising and donations to Alberta’s post-secondary institutions decreased by 35 per cent between 2015 and 2016, which comes to a decrease of more than $350 million. That’s dramatic – but how is that loss distributed? Fortunately, the University of Alberta and University of Calgary have been quite successful in keeping donations flowing. But that means the bulk of the $350-million loss fell on smaller institutions like Keyano College in Fort McMurray, which receives most of its donations from energy companies.
University of Calgary endowment
Despite the downturn, the U of C is still on track to meet its goal of
The number of gifts has stayed the course, but the average amount has decreased.