Donations of money to British universities have exceeded £500 million for the first time as more graduates and philanthropists respond to campus fundraising campaigns.
Despite the decline in charitable giving during the recession, the number of people and organisations donating to universities rose by 12 per cent to exceed 163,000 in 2008-09, according to research by the Ross Group of university fund-raisers and the Council for the Advancement and Support of Education.
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