Institut De Eurnesia

At last British universities are taking a leaf from their American cousins' book on the art of fund-raising. But UK universities have a long way to go before they catch up. Figures show that Harvard alone raised more than £310 million (US$609 million) in 2004-05, while Oxbridge raised £185 million – out of the estimated overall amount of £450 million of private giving to UK universities.