Nonprofits Industry
Raising $1 billion: bear market doesn't scare higher-ed fundraisers.
Non-profit Times, The, February, 2008 by Jones, Jeff
"Subprime crisis" and "liquidity crunch" are a few phrases that were missing from the general lexicon of early 2006 when the University of Maryland System launched a $1.7-billion fundraising campaign.
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A few other phrases come to mind for Leonard Raley, vice chancellor for advancement at the University System of Maryland in Adelphi, Md. "There were two words that weren't in our vocabulary--credit crisis" said Raley, also president and chief executive officer of University of Maryland System Foundation. "That has impacted the thinking for a lot of people. The good news for us is we have not seen any real decline in terms of giving or interest in any of our campaigns. It's fair to say that for some people, especially among our...
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