CambRich

Cambridge is quids in after smashing its fundraising target of  £1billion in the 800th Anniversary Campaign.

The Uni raked in the dosh as part of its 800th birthday cash drive, not only meeting but exceeding a whopping billion-pound target.

Senate House dolled up for the 800th anniversary push

Since the campaign started in 2005, the University has collected £1.17 billion from loaded alumni, friends and benefactors. This is the largest fundraising total ever announced by a European university.

This total doesn’t even include over £390 million in legacy pledges, which will ensure money keeps flowing in well into the future.

In a press release the Uni proudly declared: “The campaign has attracted broad support from alumni and friends globally and 54,000 alumni, more than a quarter of the total, have contributed at least once to a college and more than 8,000 have contributed at least once to the University.”

Vice-Chancellor Sir Leszek Borysiewicz, nicknamed Boris by students, said: “This is a remarkable achievement… The University and the colleges are immensely grateful to all our donors who have given to this campaign so generously.

“It is now the right time to declare that the 800th Campaign is complete. But, paraphrasing Churchill, this is simply ‘the end of the beginning’.”

According to him, if Cambridge wants to hold on to its position as one of the best universities in the world, its vital that donations keep rolling in.

“We are beginning, immediately, to prepare for a new, even more ambitious campaign,” he said. It seems the time has come for the Uni to get a bigger wallet.

The announcement is just the latest confirmation that Cambridge is loaded. We’re already the UK’s richest university, with the Uni’s endowment smashing The Other Place’s by a cool billion at last count.