Friday, May 30, 2008

The Great Beyond: University of Oxford says: show me the money

The Great Beyond: University of Oxford says: show me the money: "University of Oxford says: show me the money - May 29, 2008

Over here in the UK we’re used to our universities looking like paupers compared to America’s. Hell, every university looks like a pauper compared to the Ivy League.

But the University of Oxford has had enough. It wants to raise £1.25 billion (US$2.5bn) for new buildings and faculty (press release).

Even this won’t be enough to push the university up into the big league. Bloomberg points out that Harvard’s endowment stood at $34.9 billion on 30 June while Oxford’s stood at a paltry £3.4 billion (US$6.7bn).

In actual fundraising leagues however £1.25 billion is good going. Here’s what the Chronicle of Philanthropy thinks, and they should know:"

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