Major campaign aims to put King’s among the fundraising elite

King’s College London today launched the largest fundraising campaign of any UK university bar Oxbridge.

The institution is aiming to raise £500 million by 2015 in a campaign fronted by Sir John Major, the former prime minister.

The drive comes within weeks of the government’s announcement that it will make cuts of 40 per cent to the higher education teaching and student-support budget.

Rick Trainor, principal of King’s, said the retrenchment meant that universities must make greater efforts to raise funds through philanthropy.

“In the current economic climate, it is vital that universities step up their fundraising efforts to ensure we remain at the forefront of groundbreaking research,” he said.

The campaign will focus on the university’s efforts to tackle global challenges and is backed by alumni including Archbishop Desmond Tutu.

“We are delighted that we are supported by a wide range of high-profile individuals and alumni. We hope that this campaign will inspire people to hope for a better world and demonstrate what role universities can play in creating it,” Professor Trainor said.

Last week, the University of Oxford revealed that its international fundraising campaign had reached the milestone of £1 billion in donations, despite the global financial crisis. The University of Cambridge’s equivalent drive reached the same figure in June, making it the first higher education institution outside the US to raise £1 billion.

Already registered?

Sign in now if you are already registered or a current subscriber. Or subscribe for unrestricted access to our digital editions and iPad and iPhone app.

Register to continue  

You've enjoyed reading five THE articles this month. Register now to get five more, or subscribe for unrestricted access.

Most Commented

Universities to scale back liberal arts and social science courses

  • David Humphries illustration (24 September 2015)

A Russell Group tagline rap is further proof that we need to reform the academy’s approach, argues Philip Moriarty

  • World University Rankings

US continues to lose its grip as institutions in Europe up their game

  • World University Rankings 2015-2016 methodology

Change for the better: fuelled by more comprehensive data, the 2015-2016 rankings probe deeper than ever

  • protest, street, march

Even in the academy, your class background will always be a factor in how you are seen, says LSE’s Lisa Mckenzie