Magazine article The Times Higher Education Supplement : THE

Donations to Universities Surge to £807M

Magazine article The Times Higher Education Supplement : THE

Donations to Universities Surge to £807M

Article excerpt

The value of donations pledged to UK universities has increased by one-fifth over the past year, exceeding £800 million for the first time.

The Council for Advancement and Support of Education Europe puts the total value of philanthropic gifts secured during 2013-14 by the 124 institutions that responded to its annual survey at £807 million, compared with £681 million in the previous year.

Among institutions that provided historical data, there was a 21 per cent rise in the value of pledges.

However, the amount of money actually received during 2013-14 stood at £657 million, up only 1 per cent among comparable institutions. Case Europe puts this down to donations being paid over several years, especially since pledges in 2012-13 were significantly down on the 2011-12 total of £774 million.

The report, published on 30 April, reveals that major challenges facing fundraisers remain stubbornly persistent.

While the number of alumni making donations has increased to 183,000 (up 10 per cent year-on-year among comparable universities), the proportion of contactable alumni that this represents remains static, at just under 2 per cent. …

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