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.

November 3, 2010

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.

rebecca.attwood@tsleducation.com

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.

Have your say

Log in or register to post comments

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

Track runner slow off the starting blocks

Lack of independent working blamed for difficulties making the leap from undergraduate to doctoral work

Quality under magnifying glass

Hefce's new standards regime will enable universities to focus on what matters to students, says Susan Lapworth

Door peephole painted as bomb ready to explode

It’s time to use technology to detect potential threats and worry less about outdated ideas of privacy, says Ron Iphofen

A keyboard with a 'donate' key

Richard Budd mulls the logic of giving money to your alma mater

Long queue

Lobbying intensifies ahead of Lord Stern's review of crucial assessment into university research performance