Fundraising effort at UK’s wealthiest university prompts concern from experts over ‘ever-widening gap between Oxbridge and rest of sectorAlready the wealthiest university in the UK,Cambridge is to launch a £2bn fundraising drive this week to enable it to compete with wealthy US Ivy League rivals such as Yale and Harvard.
With £5.9bn at its disposal, Cambridge has the largest endowment of any university outside the US – Oxford trails behind on £4.4bn – but both are dwarfed by the huge wealth of their American rivals.
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Source: theguardian.com