British Universities' Campaigns Garner Big Gifts

Two British universities have received multimillion-dollar gifts, reports the Daily Telegraph, signaling a promising start to their capital campaigns.

Oxford University has received $50-million from Michael Moritz,
a partner at Sequoia Capital, a venture-capital firm in
California, and Harriet Heyman, a writer and former journalist
with The New York Times. That university recently announced its
campaign to raise about $2.5-billion.

Ros and Steve Edwards, who made millions through the sale of
their software company, gave $60-million to Cambridge University,
which is currently seeking about $2-billion in its campaign.

Full-text article by Graeme Paton via the Daily Telegraph, 6.18.08.