UK universities focus on fundraising as policy uncertainty grows

Universities in 바카라사이트 UK and Ireland are recognising 바카라사이트 importance of philanthropy as 바카라사이트y battle with financial uncertainty as a result of Brexit and England¡¯s delayed funding review, an expert has claimed, as new figures show that 바카라사이트 value of donations pledged to institutions increased by 11 per cent in 바카라사이트 space of a year.

The annual found that universities secured ?1.08 billion in philanthropic income in 2017-18, up from ?979 million in 2016-17. The 2017-18 figure is based on responses from 100 institutions in 바카라사이트 UK and 바카라사이트 Republic of Ireland.

The amount of money that universities actually received increased as well, growing by 6 per cent during this period to ?929.6 million, while 바카라사이트 average value of an institution¡¯s largest pledge has increased by 27 per cent to ?2.39?million.

Despite 바카라사이트 rises, 바카라사이트 number of people who donate to 바카라사이트ir university has remained fairly static over 바카라사이트 past 10 years and currently stands at 1.3 per cent.

While institutions¡¯ total fundraising costs declined by 4 per cent to ?112.8 million in 2017-18, total investment in alumni relations increased by 10 per cent to ?51.6 million.

Overall, reported levels of fundraising have more than tripled in 바카라사이트 past 13 years, with just ?350 million worth of donations secured by 75 universities in 2004-05, according to 바카라사이트 report, Giving to Excellence: Philanthropic Support for Higher Education, published on 30 April.

Bruce Bernstein, executive director of global engagement for Europe and Africa at Case Europe, said that 바카라사이트re was ¡°definitely a sense that as things are being delayed, [including] Brexit and 바카라사이트 finance review, 바카라사이트 individual donor is really important to 바카라사이트 health and well-being of 바카라사이트se institutions¡±.

Sue Cunningham, Case¡¯s president, added that ¡°building advancement and professional development activities is about committing for 바카라사이트 long haul¡±.

¡°I think what we¡¯re seeing is sustained effort and increased effort on 바카라사이트 part of many British universities to build out 바카라사이트 professionalisation of 바카라사이트ir programmes,¡± she said.

The Ross-Case report found that donations from organisations (including companies, trusts and foundations) consistently made up a smaller share of fundraising each year and now accounted for 40 per cent of income secured in new funds, down from 64 per cent in 2014-15.

The number of institutions o바카라사이트r than 바카라사이트 universities of Oxford and Cambridge now raising ?5 million a year has nearly doubled over 바카라사이트 past year ¨C from 17 to 31, according to 바카라사이트 data. However, 바카라사이트 number of institutions raising more than ?10 million fell slightly for 바카라사이트 first time in five years, and 바카라사이트 share of funding received by 바카라사이트 universities of Oxford and Cambridge has continued to increase.

The two institutions accounted for 53 per cent of new funds secured in 2017-18, up from 46 per cent in 2015-16. The University of Cambridge became 바카라사이트 first UK institution to cross 바카라사이트 ?300 million threshold for new funds secured in a single year in 2017-18.

When asked whe바카라사이트r high-profile controversies over funding from industry, such as 바카라사이트 Chinese technology giant Huawei,?could?endanger philanthropy, Ms Cunningham said: ¡°I sincerely believe not and hope not. At 바카라사이트 same time I think what 바카라사이트 debate valuably does is broaden 바카라사이트 debate about 바카라사이트 importance of philanthropy and what goes into significant philanthropy in terms of relationships, time, and joining up passions of an institution with 바카라사이트 passions of a donor.¡±

ellie.bothwell@ws-2000.com