Oxford’s Vice-Chancellor announced last week that the University’s international fundraising campaign has collected over £1bn. The money will go to fund undergraduate teaching, new buildings and student scholarships.
Professor Hamilton described the generosity of philanthropic donors as “fundamental to Oxford’s future” and thanked them for continuing to give despite the economic downturn.
He also highlighted the long term need to make the tutorial system more ‘financially sustainable’ in the face of a permanent decrease in government funding.
The Campaign for the University of Oxford is set to continue until it reaches its final target of £1.25 billion.
Central to the fundraising has been Dame Vivian Duffield, chairman of the campaign since its official launch in 2008, who recently decided to step down. She is thought to have played a pivotal role in achieving this milestone.
