Income gulf widens as philanthropy decline affects fundraising revenue

By David Matthews. Demise of matched funding leaves majority of institutions worse off. Inequality among universities in terms of their fundraising incomes has grown hugely after the end of a matched funding scheme to boost philanthropy across the sector, a new report shows. Even though more than two-thirds of 132 institutions saw their philanthropic income shrink during 2011-12, 10 Russell Group universities raised more than half a billion pounds between them, meaning the sector’s total haul went up. Read more...