# Oxford University’s new fundraising goal is £3 billion

- Link: https://fundraising.co.uk/2012/10/08/oxford-university039s-new-fundraising-goal-3-billion/
- Published: 2012-10-08T09:04:56+01:00
- Author: Howard Lake

**Professor Andrew Hamilton, the Vice-Chancellor of Oxford University, has announced
that the new target for the University’s fundraising campaign is £3 billion.**

Oxford Thinking, its major campaign begun in 2004 and opened to public support in
2008, had already [passed its original target of £1.25 billion](https://www.fundraising.co.uk/oxford-thinking-campaign-reaches-125-billion-goal).
Professional Hamilton described that as “milestone… on a continuing road”.

In his annual Oration to the University last week, he said of the new target: “I
am sure we can do it – and frankly we have to do it, because it represents the essential
down payment on the future aspirations and achievements of our University”.

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## £100m matched funding scheme for postgraduate scholarships

He also announced a £100 million matched funding scheme to support postgraduate 
students with scholarships. This was designed to help close what he called the “
graduate funding gap”.

The Oxford Graduate Scholarship Matched Fund will aim to raise £100 million for 
new graduate scholarships by July 2017. Each scholarship with be funded 60% from
philanthropic donations, with the University committing the remaining 40%, up to
£40m.

## Philanthropy and state funding

Professor Hamilton praised the transformative power of philanthropy, citing the 
examples of the **Moritz-Heyman scholarships** for 100 UK undergraduates, following
a £75 million commitment; the 38 students forming the first intake of the new Blavatnik
School of Government, founded by a £75 millon donation from **Leonard Blavatnik**;
and **The Mica and Ahmet Ertegun Graduate Scholarship Programme in the Humanities**,
worth more than £26 million.

He added that philanthropy had its limits and the state still had a role. He warned
that philanthropy was not “a magic bullet for the future funding of our universities,
and nor is it a door through which the state can progressively leave the scene.”

www.ox.ac.uk

 

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