N E W S
Against a background of cuts, Cambridge becomes the first university to raise £1 billion outside the USA
IN A TIME of economic challenge and global competition, the case for philanthropy and fundraising to support Britain’s great universities has never been stronger. The University of Cambridge is
the first university outside the USAto raise £1 billion in a fundraising campaign. The total raised for the
university and colleges by the 800th anniversary campaign has just surpassed £1 billion, two years ahead of schedule. This total does not include more than £250 million of pledged bequests, a significant contribution to the colleges and university over the long term.
The campaign was launched
publicly in autumn 2005 and, under the banner of ‘Transforming Tomorrow’, has attracted broad support from alumni and friends globally. To date, more than 45,000
alumni, a quarter of the total, have made at least one gift to their college or to the university during the campaign with many making regular donations. Acknowledging this
achievement, the vice-chancellor, ProfessorAlison Richard, said: “Cambridge is consistently ranked among the top handful of universities in the world and is at the heart of Europe’s most important cluster of innovative enterprises. The collegiate
university plays a key role nationally and globally in educating and training tomorrow’s leaders.We develop the knowledge that drives economic prosperity and enhances human health and the health of our planet. No less important, we enrich the lives of individuals through literature,
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Technology in Education No.176 June/July 2010 46
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history, art, music and drama.” Money raised by the university
and the 31 colleges in this campaign has increased the number and level of bursaries and scholarships available to students.
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