With decreasing contributions from the state, Massachusetts’ public colleges and universities have turned to private donors as they continue to build up their endowments, The Boston Globe reports.
According to the report, the focused effort has allowed state schools to nearly double private donation totals in the last 10 years.
Recent generous gifts illustrate the campuses’ success in reaching donors. In just the past four months, UMass Amherst received gifts of $10.3 million and $10 million; Bridgewater State announced a record $3 million gift; and UMass Boston received a $1 million donation.
While such grand gifts receive most of the attention, it is the steady accumulation of more modest donations that is driving the bulk of the fund-raising.
You can read the full Boston Globe report here.