M
markomalley
Guest
Catholic World News (via Catholic Culture) reports:
Contributions to the University of Notre Dame fell by over $120 million during the fiscal year in which President Barack Obama was awarded an honorary degree. Several dozen bishops criticized the university’s decision during the months preceding the May 17, 2009, commencement ceremony, and an alumni group called for the withholding of donations.
During the July 2008 - June 2009 fiscal year, gifts to the university totaled $226,689,374, including $60,133,035 in government grants. During the July 2007 - June 2008 fiscal year, in contrast, gifts totaled $347,155,514, including $62,241,121 in government grants. Thus most of the decline in contributions was in private donations rather than government funding.
Naturally, this could be either as a result of the downturn in the economy or fallout from the lionization of Mr. Obama (or a little of both). It will be interesting to see if donations continue to fall off this year or if they pick back up to previous levels.
Contributions to the University of Notre Dame fell by over $120 million during the fiscal year in which President Barack Obama was awarded an honorary degree. Several dozen bishops criticized the university’s decision during the months preceding the May 17, 2009, commencement ceremony, and an alumni group called for the withholding of donations.
During the July 2008 - June 2009 fiscal year, gifts to the university totaled $226,689,374, including $60,133,035 in government grants. During the July 2007 - June 2008 fiscal year, in contrast, gifts totaled $347,155,514, including $62,241,121 in government grants. Thus most of the decline in contributions was in private donations rather than government funding.
Naturally, this could be either as a result of the downturn in the economy or fallout from the lionization of Mr. Obama (or a little of both). It will be interesting to see if donations continue to fall off this year or if they pick back up to previous levels.