As state subsidies for higher education are dwindling, public colleges in the Washington region and elsewhere are learning they must tap private funds to survive.
Fundraising by George Mason University rose from $3�million in 1990 to $32�million in 2010, according to an industry survey by the Council for Aid to Education. After adjusting for inflation, that amounts to a nearly four-fold increase.
The survey showed donations to the University of Maryland Baltimore County surged from about $1�million to $8�million in that span. Towson University?s fundraising climbed from $1�million to $6�million.
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