Oxford University fundraising campaign reaches more than £2bn since 2004

The university raised the money through its Oxford Thinking campaign

Oxford University
Oxford University

The University of Oxford has raised more than £2bn since August 2004, which it said was the fastest time such an amount had been raised by a European university.

The university raised the money through its Oxford Thinking fundraising campaign, which began in August 2004 with the target of securing £3bn to support the university and its colleges. It reached £1bn in October 2010.

Oxford has been raising funds at a rate of more than £200m a year since then, which it says is the fastest rate of raising money by any UK higher education provider.

Almost 50,000 gifts have been received as part of the campaign, including £75m from the venture capitalist Sir Michael Moritz and his wife, the writer Harriet Heyman, which represents the biggest philanthropic gift for undergraduate financial support in European history, the university said. Another £20m came from the Hong Kong entrepreneur Sir Ka-shing Li through his charitable foundations, and £26m came from Mica Ertegun, widow of Ahmet Ertegun, founder of the record label Atlantic Records.

The money has been invested in the university’s teaching and research, as well as funding new scholarships, academic posts and programmes, and new infrastructure and buildings.

"Reaching £2bn in donations is an outstanding achievement for Oxford University," said Andrew Hamilton, vice-chancellor of the university.

"Oxford will need ever-greater financial freedom in support of our mission to foster academic excellence at the highest level for the greatest common good. I’m confident that the continuing goodwill and support of our donors and friends will allow us to achieve this, and that the £3bn target will soon be in sight."

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