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Drilling Deeper for Dollars
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Business New Haven
3/3/2003
By: BNH
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NEW HAVEN - Yale excels at soliciting donations from alumni, but fares far less well in procuring gifts from corporations, foundations and unaffiliated individuals, according to a recent decade-long study of the university and its peer institutions.
In a 2001 study by the Council for Aid to Education, which examined university fundraising on a national scale, Yale ranked third in alumni giving, 11th in gifts from foundations, 20th in donations from "other [unaffiliated] individuals" and was not ranked in the top 20 for corporate gift-giving, according to the Yale Daily News.
Yale President Richard C. Levin and Vice President for Development Charles Pagnam said the school is taking steps to increase donations in the less lucrative sectors. Pagnam told the YDN Yale had hired new development directors and intends to promote awareness of specific programs and schools, such as fine arts programs and the medical school.
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