Charles Cannon, the Irvine law school's assistant dean of development, said it is past the halfway mark in raising the $6 million it will need for scholarships to cover the inaugural class' three years. The UC Regents set the cost, but the school is assuming just over $34,000 a year for California residents, and another $10,000 for out-of-state students, Cannon said.
If there is a spot that the economic downturn has definitively shown itself, it would be in fundraising.
Cannon said that a number of law firms and businesses have postponed the decision to donate or scaled back the amount they'd consider. There are at least four law firms that are still considering a scholarship gift worth between $30,000 and $100,000, he said.
What? Only at the halfway mark? Article published 2/2/09
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