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Higher Education: Gifts and Endowments

Volume 482: debated on Wednesday 5 November 2008

To ask the Secretary of State for Innovation, Universities and Skills what information he holds on the (a) value and (b) change in value of university endowments in each of the last five years, broken down by (a) donations, (b) surplus transfers, (c) match funding, (d) realised asset sales and (e) unrealised capital gains. (232614)

It is not possible to answer this question precisely from the data which are currently collected centrally. The following table sets out the information we hold on the overall income English higher education institutions have generated in each of the last five years from endowments. In August, we launched a £200 million matched funding scheme over three years to promote more philanthropic donations to higher education.

We shall be working closely with institutions and discussing what data should be captured in future to enable us to quantify progress being made in diversifying the range of funding streams available to higher education providers.

Total level of income from endowments for English Higher Education Institutions

£ million

2002-03

192

2003-04

197

2004-05

254

2005-06

289

2007-08

326