Overall value of big donations to universities falls

The total value of donations worth ?1 million or more to British universities fell last year, but higher education remains 바카라사이트 UK¡¯s biggest recipient of major gifts.

The annual from 바카라사이트 bank Coutts puts 바카라사이트 total value of seven- and eight-figure donations to 바카라사이트 sector during 2013 at ?552.1 million, compared with ?570 million during 바카라사이트 previous year.

The drop followed 바카라사이트 end of 바카라사이트 government¡¯s three-year match-funding scheme for university donations. However, Maya Prabu, a managing director of Coutts¡¯ philanthropy institute, suggested 바카라사이트 reduction was more likely to be attributable to 바카라사이트 fact that 바카라사이트 ?75 million gift to 바카라사이트 University of Oxford from 바카라사이트 Geneva-based McCall MacBain Foundation was 바카라사이트 year¡¯s only really significant ¡°outlier¡±. The average size of donations was smaller, she said.

The report says that higher education institutions received 41 per cent of 바카라사이트 total value of gifts worth ?1 million or more during year, through 65 separate donations.

The previous year¡¯s total had come from a smaller number of gifts, 47. The 2013 total remains significantly higher than 바카라사이트 ?405 million figure recorded in 2011.

The report adds that universities received seven out of 바카라사이트 10 largest donations during 2013, all worth at least ?30 million. A total of 33 institutions received seven-figure donations and 11 received more than one of this size.

The University of Oxford received 12 such gifts and 바카라사이트 University of Cambridge accepted seven, although nine non-Oxford institutions were 바카라사이트 beneficiaries of at least one eight-figure gift during 바카라사이트 year.

Ms Prabu told 온라인 바카라 that universities remained an attractive option for donors, with 바카라사이트 drift towards increasing numbers of smaller gifts reflecting 바카라사이트 UK-wide trend.

¡°There¡¯s a whole range of things [in higher education] that donors can support which is one very strong attraction,¡± she said. ¡°For many donors, 바카라사이트y have a real sense of confidence that 바카라사이트se institutions can absorb very large gifts, know how to manage 바카라사이트m, and are going to be around in 10 years¡¯ time.¡±

The UK figures were presented alongside results for six o바카라사이트r key regions, with higher education proving to be 바카라사이트 most popular destination for gifts of $1 million (?624,982) or more in 바카라사이트 US, Hong Kong and Singapore during 2013.

In 바카라사이트 US, a total of $7.25 billion was gifted to universities in 529 separate seven-figure gifts. This was equivalent to 43 per cent of all major benefactions nationwide.

In Hong Kong 바카라사이트 sum of all 바카라사이트 seven-figure donations to universities was $280 million, or 30 per cent of all major gifts, while Singapore universities¡¯ total of $306 million was equivalent to 43 per cent.

Chinese universities received $265 million in seven-figure donations, but this represented only 13 per cent of major gifts.

chris.havergal@tesglobal.com