Be aware that giving rate at a small school can change dramatically from year to year. For example, Middlebury was rated number one just a few years ago. This list has it ranked, while still very high at 21, but 20 spots lower. I doubt that is an indication of new dissatisfaction, but rather a change of just a small number of alums or, even more likely, a change in the Development department’s apprach to alumni giving.