Britain's Universities: Funding Excellence

Kevin Davies for TIME

BREAKING TRADITION: Oxford's Hood has launched a major drive for private funding

If you're lucky enough to figure among the alumni of the University of Oxford, you're likely to have heard the news: your place of learning needs cash. Lots of it. In late May, Oxford launched the most ambitious fund-raising drive ever undertaken by a European university, aimed at boosting its coffers by at least $2.5 billion. The eager among you have chipped in already — helping Oxford to more than $1 billion so far — but there are many that haven't. Still need convincing? "The task before us is to guarantee Oxford's future pre-eminence," announced Vivien Duffield, chairman of the campaign,...

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