Cambridge fundraising campaign passes £1 billion milestone
The campaign for the University of Cambridge and Colleges has reached the £1 billion mark, enabling it to respond to the new and complex challenges facing the world.
I am honoured to be assuming the mantle of this campaign at such an important time for Cambridge.
- Stephen Toope
The Dear World… Yours, Cambridge campaign was publicly launched in 2015 to raise £2 billion. Thanks to the generosity of alumni and supporters, a total of £1.08bn has been raised to attract the brightest minds regardless of background or means, create the resources and environment for world-class research and ensure that Cambridge remains uniquely placed to address society’s most pressing challenges, in the UK and the rest of the world.
To date more than 47,000 donors have contributed to the campaign, at all giving levels and from across the world. Across the Colleges and University gifts from alumni, friends and partner organisations are funding new scholarships, high impact research and academic posts, and new and improved facilities and buildings.
Philanthropic support is enabling Cambridge to deliver answers to some of the most critical issues of our time. Ground-breaking research is being funded to explore core needs including different forms of energy, new approaches to addressing biodiversity loss, preventing the diseases associated with ageing and propelling fresh economic thinking. New academic posts are driving innovation, developing the skills of engineers to address economic and social needs in the UK and globally, and giving a deeper understanding of Africa’s past. Across diverse fields, visionary gifts are ensuring that Cambridge’s impact on the world is huge.
Dr Mohamed El-Erian (Queens’ 1977), co-chair of the campaign, said: “We are extremely grateful to all those who have contributed so generously to this campaign. As an alumnus of Cambridge I am privileged and honoured to be part of the work that is having such a profound impact.”
The University surpassed the £1 billion milestone thanks to an £85 million donation from the estate of Ray Dolby, founder of Dolby Laboratories, to support the Cavendish Laboratory, a world-leading centre for physics research where Dolby received his PhD in 1961. The gift, which was announced in San Francisco on 5 December, represents the largest philanthropic gift ever made to UK science. It will complete the development of the new Cavendish Laboratory as a new home for physics research in Cambridge, and a top-class facility for the nation.
Cambridge’s laboratories, lecture theatres and libraries are being funded to ensure the best environment for world-class teaching and research; and across the University’s 31 Colleges, the generosity of hundreds of alumni and supporters is providing new student accommodation and facilities.
Studentships and bursaries are supporting the most financially disadvantaged undergraduate students to meet the cost of their studies, ensuring that the brightest students, from all backgrounds and circumstances, can benefit from a Cambridge education.
Credit: Sir Cam
Reproduced courtesy of the University of Cambridge
The University of Cambridge is acknowledged as one of the world's leading higher education and research institutions. The University was instrumental in the formation of the Cambridge Network and its Vice- Chancellor, Professor Stephen Toope, is also the President of the Cambridge Network.