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Direct linkHolmes, Jessica – Economics of Education Review, 2009
Private institutions of higher education are highly dependent on alumni support to cover operating expenses, fund endowments and fuel large capital campaigns. For example, in 2004, alumni at private liberal arts colleges generated nearly 43% of total voluntary support and funded 21.5% of total institutional expenditures. This paper uses 15 years…
Descriptors: Operating Expenses, Reputation, Alumni, Liberal Arts
