From March through May 2010, the Association of Governing Boards of Universities and Colleges (AGB) conducted an online survey of board chairs from independent colleges and universities to gauge institution and governing board responses to the economic downturn. This is the second year AGB has administered a survey on this topic, with this survey focusing primarily on fiscal year 2009. Because we wanted responses to cover a completed fiscal year, the survey was scheduled such that all FY09 data would be available. Of 493 board chairs asked to participate, 111 completed the survey (22.5 percent response rate).
The survey analyzes board actions, the state of endowments, and cost-reducing strategies.