British University Seeks to Raise Nearly $2-Billion
February 14, 2008 | Read Time: 1 minute
Cambridge University, in England, has raised about $1.3-billion dollars toward its nearly $2-billion (£1-billion) capital campaign, but an economic downturn could hurt fund-raising efforts, reports Business Weekly.
The capital campaign coincides with the university’s 800th anniversary in 2009. The money raised will support students, staff members, research, and the university’s collections and architectural heritage, reports the news magazine.
“I am delighted to report another record year for the campaign. But we are not complacent,” says Alison Richard, the university’s vice chancellor who previously worked at Harvard. “There is still a long way to go, and we face more challenging economic times ahead.”
Campaign supporters include the Gatsby Charitable Foundation, the Hauser-Raspe Foundation, the Li Ka Shing Foundation, the Kavli Foundation, and the government of India.
