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University plea

10:30am Monday 13th February 2012 in News

OXFORD: The University of Oxford has asked wealthy donors to help raise a total of £90m in a bid to save key academic jobs, the Sunday Times reported.

Government cuts have put 75 posts, mainly in the humanities, under threat and the university now hopes philanthropists will fund the subjects by donating more than £1m each.

Comments(2)

Dilligaf2010 says...
12:04pm Mon 13 Feb 12

£90m to save 75 jobs, and how long will this money preserve the posts for?

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rfr says...
1:53pm Mon 13 Feb 12

It's probably an endowment that's being sought. Income from investing the funds should pay for the posts in perpetuity if necessary.

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