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Pinched Oxford Wants $2.5B

Needs cash to compete with Ivy League

By Peter Fearon,  Newser Staff

Posted May 29, 2008 7:08 AM CDT

(Newser) – Prestigious Oxford University is pleading poverty and has begun a campaign to raise funds to make it competitive with Harvard, Yale, and Princeton for academic talent, reports the Christian Science Monitor. The university—actually a collection of individual colleges—aims to raise $2.5 billion, but even that is chump change compared to Harvard's $34 billion endowment.

"The extent of endowments in the UK is minuscule in terms of what US universities are receiving," said one observer. "If you look at the extent of the endowment which universities around the world have, Oxford and Cambridge are well down the list."

Oxford University is launching a fundraising drive to make the prestigious British center of learning more able to compete with America's Ivy League colleges.
Oxford University is launching a fundraising drive to make the prestigious British center of learning more able to compete with America's Ivy League colleges.   ((c) Zach Alexander)
The Bodleian Library, Oxford. Oxford University is launching a fundraising drive to make the prestigious British center of learning more able to compete with America's Ivy League colleges.
The Bodleian Library, Oxford. Oxford University is launching a fundraising drive to make the prestigious British center of learning more able to compete with America's Ivy League colleges.   ((c) malias)
Oxford University is launching a fundraising drive to make the prestigious British university more able to compete with Harvard and Yale.
Oxford University is launching a fundraising drive to make the prestigious British university more able to compete with Harvard and Yale.   ((c) shimgray)
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