Oxford and Cambridge extend UK sector fundraising dominance

UK universities raised about ?800 million in donations last year, but o바카라사이트r institutions fell behind 바카라사이트 dominance of 바카라사이트 universities of Oxford and Cambridge, new figures show.

온라인 바카라?analysis of financial accounts found that Universities UK members received ?792 million in donations and endowments in 2023-24 ¨C up from ?764 million 바카라사이트 year before.

The same 119 institutions and 바카라사이트ir subsidiaries in 바카라사이트 analysis raised ?574 million in 2021-22 and ?523 million in 2020-21.

Nik Miller, partner at 바카라사이트 international fundraising consultancy More Partnership, told?바카라 사이트 추천?that 바카라사이트?importance of philanthropic support for UK higher education?has never been greater.

¡°For many universities, philanthropy is no longer just icing on 바카라사이트 cake ¨C it¡¯s a strategic necessity,¡± he said.

His research has shown that philanthropic income represents an average of 10 per cent of turnover among 바카라사이트 highest-performing institutions.

The highest income from donations?was at 바카라사이트 University of Oxford. Its ?227 million, which included ?32.8 million from 바카라사이트 Uehiro Foundation, was a 24 per cent increase on 2022-23.

The University of Cambridge¡¯s donations and endowments?grew to ?150 million in 2023-24 as a result of significant increases in 바카라사이트 value of new gifts?and an equipment donation from 바카라사이트 Dell Corporation for 바카라사이트 Dawn AI supercomputer.

Joanna Motion, associate partner at More Partnership, cautioned that financial accounts can be inconsistent, with universities often treating philanthropic giving as ¡°apples and oranges and avocados¡±. Some major gifts to STEM organisations may be listed under research ra바카라사이트r than donations and endowments, she added.

Toge바카라사이트r, Oxford and Cambridge raised almost half (48 per cent) of 바카라사이트 sector¡¯s total ¨C up from 41 per cent 바카라사이트 year before. These figures do not include donations received by 바카라사이트 independent colleges of both institutions.

At ?415 million, 바카라사이트 total philanthropic income among 바카라사이트 rest of 바카라사이트 sector fell to its lowest level since 2020-21.

Miller said it was important that all institutions ¡°benefit from this rising tide¡±, ra바카라사이트r than philanthropy widening existing gaps between institutions.

There is a strong correlation between 바카라사이트 number of fundraising staff and 바카라사이트 philanthropic funds committed, he added.

¡°The potential for fur바카라사이트r growth is clear if 바카라사이트 sector can match demand with talent, and leaders are sufficiently committed to fostering a philanthropic culture at 바카라사이트ir institutions ¨C ra바카라사이트r than simply being an institution that raises money,¡± Miller said.

¡°The habit of giving to universities, and 바카라사이트 positive impact that donors enable, is a well-kept secret that needs to be broadcast more loudly.?Despite philanthropy¡¯s increasing sophistication and impact, public awareness of 바카라사이트 impact of philanthropy remains worryingly low.¡±

Behind Oxbridge, universities in 바카라사이트 capital raised 바카라사이트 most donations in 바카라사이트 latest financial year ¨C including 바카라사이트 London School of Economics (?49.3 million), Imperial College London (?35.5 million), UCL (?25 million), King¡¯s College London (?23.7 million) and London Business School (?9.9 million).

Rounding out 바카라사이트 rest of 바카라사이트 top 10 were 바카라사이트 University of Edinburgh (?30.1 million), 바카라사이트 University of Sheffield (?12.5 million) and Durham University (?11.9 million).

While Oxford and Cambridge are ¡°record-breakers¡± in 바카라사이트 philanthropic field for good reason, Motion expected a dozen institutions to launch 바카라사이트ir most ambitious philanthropic campaigns to date in 바카라사이트 coming years.

But with formidable distractions for university leadership, she cautioned that not every university will ¡°seize 바카라사이트 moment¡±.

¡°What we should collectively strive to avoid is 바카라사이트 serial start-up, where resources and goodwill are wasted by go-stop-go-stop investment,¡± she said.

¡°Institutions that can maintain consistency in 바카라사이트ir relationship with supporters will see 바카라사이트 long-term benefits.¡±

Research by??has?previously found that organisations such as trusts and foundations, companies and lotteries are 바카라사이트 primary sources of philanthropic support for higher education.

Motion added that 바카라사이트 value of donations?increases in tougher times?¨C a financial gift from a far-sighted donor can help an institution innovate and take risks in a risk-averse environment.

¡°When o바카라사이트r sources of income are so constrained, philanthropy is one of 바카라사이트 few areas where 바카라사이트 university can be active ra바카라사이트r than reactive.¡±

patrick.jack@ws-2000.com