Word: cashes
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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...
...test being sat on campuses all over Britain. Short of cash, and jostling colleges from America to China for the smartest students and staff, universities across the country are rethinking fund raising. The need is obvious: investment in British higher education stood at 1.1% of GDP in 2004, according to the most recent data from the OECD, while the U.S. spent 2.9%. From medieval Oxford and Cambridge to ambitious modern universities like Warwick, institutions are slowly sharpening their competitive edge. As worldwide college entry rates and numbers of students learning overseas soar, "no matter which way you look...
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...
Recruiting the smartest staff or students, though, is not just about pulling in cash. As part of its $400 million strategy to break into the world's top 50 universities by 2015, the University of Warwick - ranked 57th, according to the U.K. Times Higher Education Supplement list, as it approaches its 50th birthday - plans to permanently host branches of three or four overseas research universities on its site in the heart of England. Nigel Thrift, Warwick's vice-chancellor, won't say which universities it has in its sights; negotiations with North American and Asian institutions are ongoing...
...Germany's development minister, Heidemarie Wieczorek-Zeul, had written to the company last week asking that it stop its "terrible" dealings with Mugabe, who was sworn in Sunday after he stood as the only candidate for reelection. Protesters brandishing placards saying "No cash for terror" also demonstrated outside the firm's headquarters last week...