There are more billionaires in China than anywhere else. Unsurprisingly, Chinese universities are now ranked by how many they produce.
In difficult economic conditions, attention inevitably turns to potential alternative sources of income for universities such as philanthropy. But philanthropic income will never be a panacea that will fund the UK’s higher education system and proposals that fail to recognise that should be given short shrift. However, giving to higher education is on the rise thanks in part to government support. Tom Bailey takes a look at the state of philanthropy in UK HE.
The Thatcherite ‘Free Enterprise Group’ made up largely of 2010 intake MPs have published a report on higher education funding; ‘Completing the Reform, Freeing the Universities’. It argues that financial independence and stability for universities can be achieved by building up endowment funds. Not a new idea by any means, but it is important to understand thinking about universities emanating from a group of MPs that contain current government ministers and others tipped to lead the Conservative Party one day.
As Oxford announces a £75 million donation to help its poorest students, Mark Leach tries to put the money in context and dreams about what else could be achieved with a chunk of change that size in higher education. Also, the news that the 2013 Comprehensive Spending Review may be delayed until late 2014 tells us some interesting things about the state of the Coaltion.