CLASS IS IN RE­CES­SION

When do­na­tions to post-sec­ondary in­sti­tu­tions plum­met, the smaller schools suf­fer most

Alberta Venture - - Thebriefing] - By 2020. $1.3 bil­lion

>>> 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.

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