Oxford launches a $2.5 billion fund raising campaign to compete with Ivy Leagues

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Oxford launches a $2.5 billion fund raising campaign to compete with Ivy Leagues

Posted on May 29th, 2008 by NBS

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University of Oxford launched on Wednesday the biggest fundraising campaign in European academic history to help the august institution keep pace with better-funded US rivals.

The university aims to drum up £1.25 billion ($2.5 billion) to aggressively recruit top academics from around the world and support its unique 1-on-1 tutorial system. It said more than 20,000 donors had pledged £575 million during the campaign’s “pre-launch phase.”

“We want to stay world class; we want to be the best in the world,” said university chancellor Chris Patten. He added that Oxford lagged well behind at least three Ivy League universities – Harvard, Yale, and Princeton – in terms of funding, “and we want to compete in the world economy for the best academics.”

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