The Harvard Crimson :: News :: British Universities Try to Enlarge Coffers: "British Universities Try to Enlarge Coffers
Published On Tuesday, February 13, 2007 2:57 AM
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Contributing Writer
In a move aimed at bolstering British higher education, the British government announced plans this week to increase the endowments of elite schools like Oxford and Cambridge Universities to rival the savings of their American counterparts.
Under the plan, every two pounds donated to a university by alumni, philanthropists or businesses will be matched by one pound from public funds, up to £2 million ($3.9 million)."
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