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scientific edition of Bauman MSTU

SCIENCE & EDUCATION

Bauman Moscow State Technical University.   El № FS 77 - 48211.   ISSN 1994-0408

AUSTRALIA: Universities look for benefactors to close funding gap

27.06.2011
Philantropy is becoming big business for Australian universities as they seek to prop up income from government and student fees.

With the University of Sydney set to sell a donated Picasso for an expected $18 million tomorrow, the tertiary sector is embracing new methods of gleaning gifts.

Some universities in NSW employ their students in call centres to help raise donations. They ring alumni to ask them to invest in a stranger's future.
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Universities receive property, books, manuscripts, artworks and millions of dollars in cash for scholarships and research.

The sale of Picasso's Jeune fille endormie at Christie's, London, may break the record for any gift to an Australian university.

The University of Sydney reported donations and bequests of more than $44 million last year.

The deputy vice-chancellor of the University of Western Sydney, John Ingleson, said when it came to donations, younger universities struggled to keep up with Australia's older institutions. ''We only have 25 years of graduates,'' he said.

The university received the largest philanthropic donation in its history when a 90-year-old Parramatta resident, Harold Hort, gave $600,000 to create a scholarship for disadvantaged students.

Full text of the article: Sydney Morning Herald

Photo: "$18 million hope ... the University of Sydney vice-chancellor, Michael Spence, with Picasso's Jeune Fille Endormie."

 
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