Word: alumni
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...lucky enough to figure among the alumni of the University of Oxford, you're likely to have heard the news: your place of learning needs cash. Lots of it. In late May, Oxford launched the most ambitious fund-raising drive ever undertaken by a European university, aimed at boosting its coffers by at least $2.5 billion. The eager among you have chipped in already - helping Oxford to more than $1 billion so far - but there are many that haven't. Still need convincing? "The task before us is to guarantee Oxford's future pre-eminence," announced Vivien Duffield, chairman...
...million; and the endowment at the London School of Economics (LSE) is worth some $110 million. Over the last 50 years in Britain, says Richard, who was Yale's Provost before moving to Cambridge in 2003, "the great efforts that were taken in the U.S. to call upon the alumni and friends of universities did not happen here...
...stage. Imperial College, which celebrated its centenary last year, aims to pull in $410 million by 2010 to improve its campuses and bolster scholarships. Across town at the LSE, workmen are putting the finishing touches to an eight-story teaching facility, financed from the $200 million whip-round among alumni and other donors completed in March...
Almost all British universities now staff an alumni office responsible for finding former students and hitting them up for cash. As a result, the slice of British universities' income derived from endowments and investments hit a record of just under $800 million in the 12 months to August last year, 13% more than in the previous year. And since private donations take the strain off the public purse, the government is keen to promote further giving: in a $400 million scheme outlined in April, it has pledged to match such donations to universities for the three years starting next month...
...graduates of a world-renowned university and residents of the world’s last superpower, Rowling said, Harvard’s newest crop of alumni can touch the lives of others “simply by existing...