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Nature 419, 765 (24 October 2002) | doi:10.1038/419765a

Universities face cash shortfall as stock-market slide hits charities

Declan Butler

When stock markets surged in the 1990s, philanthropic donations became one of the fastest-growing sources of funding for research and new laboratories throughout the world. But with stocks now staggering towards their third consecutive yearly loss, this growth has gone into reverse — sending shock waves through labs that have depended on it.