The University of Oxford blocked a £40 million rescue offer to keep St Benet’s Hall open this summer. Instead it closed on 7th October 2022.
John Barry, a businessman, offered to donate the multi-million pound sum to save St Benet’s Hall. He is the CEO of Prospect Capital, an $8.4 million investment company.
The money was enough to sort out the College’s existing financial issues, grant the hall an endowment, introduce scholarships for poorer students, and give everyone a pay rise.
The university’s statement confirmed this donation was refused owing to concerns over “ongoing financial uncertainty.”
An Oxford University spokesman, similarly, said, “The university did not feel that the offers provided sufficient assurance of the long-term sustainability and independence of the hall.”
Oxford’s vice chancellor wrote that attempts to save St Benet’s failed due to unease over “financial sustainability” and concerns “donors sought to influence aspects of the student experiences, nature and ethos of the hall.”
The College’s independence was a pressing fear in negotiations. Those involved asked “How do we ensure this board will stay independent?”
The university also refused to countenance the original board in negotiations. Instead Master, Richard Cooper, set up a new board to ensure no undue influence. However even this proposal was rejected at a University Council meeting on 9th May. Richard Cooper was “shocked” by this move.
However Barry has countered claims he sought influence over the running of the college. He did not want to influence any “governance issues and issues having to do with education, teaching and scholarship.” He was “prepared to provide funding on terms that should have been acceptable to St Benet’s leadership and to the leadership of the university. These terms did not involve ‘control’ by me or ‘undue influence’ of any type.” He only asked for the names of the future board members to whom he was handing over £40 million.
Barry Cooper confirmed, “To this day, I have been given no reason for the rejection of my offer.” He was given a statement concerning an “absence of adequate finance” when he questioned the decision.
Oxford donations are reviewed by a whole committee. However one source involved in this investigation told the Spectator Barry passed “with flying colours”.
Henry Woudhuysen was head of the committee which represents colleges to the university. He thought the Barry proposal “was more than appropriate, something that would really benefit the university.”
A spokesman for the university told Barry Cooper: “The university did not feel that the offers provided sufficient assurance of the long-term sustainability and independence of the Hall.” Yet the university refused to explain why it felt the Barry was a threat to the Hall’s independence.
Learning this, a student from St Benet’s, commented: “I don’t understand why the University would wait for Benet’s to pursue potential options for donors if it would end up rejecting these options anyway. I almost seems like they delayed starting the reallocation process in order to appear credible in giving the Hall a chance to be saved.”
Robert George, a Princeton professor and well-known public intellectual in the US, was in conversation with Barry, involved trying to save Benet’s. However, when he came to Oxford in March to be involved in negotiations rumours were spreading that he was an employee of John Barry so potentially compromised. He reflected there were simply a lot of people in Oxford “who would like to see Benet’s fail.”
One St Benet’s fellow told the Spectator, “Increasingly the people who put themselves forward for Oxford’s committees dislike traditional Oxford and religious halls. These people tend to be more aggressively secular.” Jonathan Price, a fellow of St Cross College and Pusey House commented Oxford’s secularisation aligns with “centralisation and modernisation.”
Albert Hawkins, reallocated to LMH, commented: “It is a great pity that a wonderfully diverse PPH, full of people from many different backgrounds and cultures, had to close – unnecessarily as it turns out. It sends a terrible message to would-be donors that the university can afford to decline major gifts. It is noted that new students were being allocated to Benet’s when the university knew that Benet’s was facing a degree of financial difficulty.”
Alexander Stafford, a former alumni, now Tory MP, commented, “The closure of the hall feels akin to losing a friend. It nourished me, forming who I am as a person. It is hard to believe the hall will no longer be there waiting for me. It was a truly wonderful place.”
He finds the refused saving of the college “remarkable.” Mr Stafford feels “the university should have permitted the Hall to continue operating with its newly secured financial support. There needs to be a thorough and urgent examination of the reasons why this was not allowed to happen.”
This decision also impacted many staff, academics and administrators, who lost their jobs.
St Benet’s has sold its buildings to St Hilda’s College. Its two buildings were in central Oxford and thought to be worth millions of pounds.
Editors note: This article was updated on Friday 14th October to correct an error that appeared in the print edition which suggested that it was St Benet’s Hall, rather than the University, which blocked the donation.
Image Credit: Janet McKnight/CC BY 2.0
Careers and Connections – the One Woman Mission
A question that instils immediate fear into the heart of any Finalist is the dreaded, ‘So, what are your plans for next year?’ Studying Theology (no, I don’t want to become a priest) any talk about careers, though inevitable, is immediately anxiety inducing. Though in these conversations I can describe the sort of job I would like, getting to this point was not easy – and not because I had no clue as to sort of the career route I wanted to go down.
This reminds me of a conversation I had with a friend from home over the summer, who studies Law at Cambridge. After comparing parallel stories about the people we had met and catching up about the academic year that had past, she began to tell me about the deadlines she had missed for internships. She didn’t know where to look and when to apply, whilst other people on her course were being paid to go and work at a family member’s law firm. Rather fittingly, we concluded that career-hunting as the first member of your family to go to Oxbridge was in her words, a ‘one-woman mission.
Being an Oxbridge graduate is said to open doors – but not if you don’t know which doors to push. Thinking about careers requires a specific type of cultural knowledge. Undoubtedly, you can learn it yourself, but it is a world facilitated by familial connection and London-centeredness. I can speak to people at employment events and add as many people I want on LinkedIn, but the next person will not have to – and this is not fair.
So many of the industries that are consistently name-dropped are, to me, entirely enshrouded in mystery. Despite many of my friends attempting to explain to me what ‘consulting’ actually is, I still don’t fully understand – my favourite explanation so far, though, was that it is a ‘glorified pyramid scheme’. This could be because of my own ignorance, sure, but I wonder if it points to a slightly more significant issue.
Oxford is changing. Every year, the percentage of students from state-schools increases and the student body diversifies. Yet, when we are here, and we are on the brink of leaving the place we worked so hard to get into, there seems to be a void. The industries that want Oxbridge graduates still feel out of reach and unlike our University, they are still dominated by people from high socio-economic backgrounds and private schools. An Oxbridge degree will, ideally, let us get there regardless – but I doubt that the imposter syndrome I felt for years at Oxford will disappear anytime soon.
Even though I can attend networking events and add as many people as I want on LinkedIn, it is still just that – a ‘one woman mission’. I worry that even if I can enter the job sector I dream of, I won’t love it for long, and instead be clouded by imposter syndrome in an industry that was not made to include the voices of people like me.
Image credit: Janay Symonette/CC BY-SA 4.0 via Wikimedia Commons