University invests in its future with new £10m fund

Posted by ap507 at Nov 25, 2014 11:55 AM |
Endowment Fund launched to ensure continued excellence in research and teaching
University invests in its future with new £10m fund

From L-R: Alumnus and supporter David Barry, President and Vice-Chancellor Professor Paul Boyle and alumnus and supporter Paul Rivlin

The University has established a new endowment fund to provide vital support for the institution in the 21st century and beyond.

The Leicester Endowment Fund was launched by President and Vice-Chancellor Professor Paul Boyle with two generous gifts from alumni supporters Paul Rivlin and David Barry at the University’s House of Lords Reception.

The University has ambitious plans to raise £10 million for the Fund by 2020. Growing the University’s permanent endowment will help to rebalance the University’s mix of income and lessen its dependence on government funding and tuition fees.

The new endowment fund will be an unrestricted, permanently endowed fund, which will operate much like any savings and investment portfolio to form a stable, ongoing regular source of income. This will provide additional flexibility to enable the University to plan ahead and continue to support its world-changing research and high quality teaching.

To support The Leicester Endowment Fund please visit here.

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