http://www.timeshighereducation.co.uk/magazine/graphics/logo.pngBy . Harvard University has launched a fundraising campaign that it hopes will boost its coffers by $6.5 billion (£4.1 billion). If successful, it will mean the university will increase its cash reserves by around 20 per cent, with figures from 2012 suggesting that the institution has an endowment of around $30 billion (£19 billion).
It would also represent the biggest fundraising push in higher education history, the university believes, and be used to ensure the Ivy League institution maintains its “leadership role in the rapidly shifting landscape of higher education”. The university has already raised $2.8 billion (£1.75 billion) from more than 90,000 alumni and friends during the campaign’s “pre-launch” phase. More...