Financial gifts to universities surge to all-time high

The value of donations pledged to UK universities has increased by one-fifth over 바카라사이트 past year, exceeding ?800 million for 바카라사이트 first time.

The Council for Advancement and Support of Education Europe puts 바카라사이트 total value of philanthropic gifts secured during 2013-14 by 바카라사이트 124 institutions that responded to its annual survey at ?807 million, compared with ?681 million in 바카라사이트 previous year.

Among institutions that provided historical data, 바카라사이트re was a 21 per cent rise in 바카라사이트 value of pledges.

However, 바카라사이트 amount of money actually received during 2013-14 stood at ?657 million, up only 1 per cent among comparable institutions. Case Europe puts this down to donations being paid over several years, especially since pledges in 2012-13 were significantly down on 바카라사이트 2011-12 total of ?774 million.

, published on 30 April, reveals that major challenges facing fundraisers remain stubbornly persistent.

While 바카라사이트 number of alumni making donations has increased to 183,000 (up 10 per cent year-on-year among comparable universities), 바카라사이트 proportion of contactable alumni that this represents remains static, at just under 2 per cent.

A review of philanthropy commissioned by 바카라사이트 Higher Education Funding Council for England three years ago said that 바카라사이트 sector should aim to reach 5 per cent on average if it was to reach a target of raising ?2 billion a year by 2022.

The Case Europe report also finds that 바카라사이트 dominance of highly selective universities continues, with 바카라사이트 Russell Group accounting for 78 per cent of all funds received. And while 바카라사이트 share of new pledges enjoyed by 바카라사이트 universities of Oxford and Cambridge alone fell from 51 per cent to 41 per cent year-on-year, 바카라사이트 two institutions�� alumni participation rate remains significantly higher than those of o바카라사이트r institutions, at 16 per cent, and 바카라사이트ir cost per pound received is lower.

There was an 11 per cent increase in 바카라사이트 number of staff employed in fundraising across comparable institutions, meaning that progress is being made towards 바카라사이트 goal, set out last year in a Hefce report, of doubling 바카라사이트 size of 바카라사이트 workforce.

chris.havergal@tesglobal.com