Share this story
Close X
Switch to Desktop Site

Oxford shakes up British higher education with fundraising drive

It launched the $2.5 billion billion campaign Wednesday to help the school better compete with Ivy Leagues and other world-class institutions.

Different League: The combined endowment of all UK universities, such as Oxford, shown here, is less than half of Harvard's.


About these ads

The University of Oxford launched on Wednesday the biggest fundraising campaign in European academic history to help the august institution keep pace with better-funded US rivals.

The university aims to drum up £1.25 billion ($2.5 billion) to aggressively recruit top academics from around the world and support its unique 1-on-1 tutorial system. It said more than 20,000 donors had pledged £575 million during the campaign's "pre-launch phase."

"We want to stay world class; we want to be the best in the world," said university chancellor Chris Patten. He added that Oxford lagged well behind at least three Ivy League universities – Harvard, Yale, and Princeton – in terms of funding, "and we want to compete in the world economy for the best academics."

The move sends two clear messages: First, Britain's 100-plus universities will increasingly have to rely on their own fundraising efforts. Second, those that are less successful or resourceful will quickly lose status.


Page:   1   |   2   |   3

Follow Stories Like This
Get the Monitor stories you care about delivered to your inbox.