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| Version 0 | Version 1 |
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| Universities to get funding boost | Universities to get funding boost |
| (about 5 hours later) | |
| Universities in England are to benefit from a new multimillion pound charitable funding scheme similar to that used by universities in the US. | Universities in England are to benefit from a new multimillion pound charitable funding scheme similar to that used by universities in the US. |
| Former students who donate money will see their gifts boosted by public funds, under plans to be to be announced by Prime Minister Tony Blair. | Former students who donate money will see their gifts boosted by public funds, under plans to be to be announced by Prime Minister Tony Blair. |
| The Observer reported the government plans to give £1 for every £2 raised by donations, up to a maximum of £2m. | The Observer reported the government plans to give £1 for every £2 raised by donations, up to a maximum of £2m. |
| A Downing Street spokeswoman could not confirm the figures in the report. | A Downing Street spokeswoman could not confirm the figures in the report. |
| Philanthropists | Philanthropists |
| But she said the aim was "to create a lasting culture of giving, while boosting funding from former students". | |
| Like endowment schemes in the US, it is also expected to attract cash gifts from businesses and philanthropists. | Like endowment schemes in the US, it is also expected to attract cash gifts from businesses and philanthropists. |
| The Observer reported that England's top 75 universities will be eligible for the scheme while the rest will be given money to help set up fundraising centres. | The Observer reported that England's top 75 universities will be eligible for the scheme while the rest will be given money to help set up fundraising centres. |
| Mr Blair will also pledge the new scheme will not replace existing funding methods for higher education when he reveals the plans this week. | Mr Blair will also pledge the new scheme will not replace existing funding methods for higher education when he reveals the plans this week. |
| Universities in the US use endowment funds worth billions of pounds to help students from disadvantaged backgrounds pay fees. | Universities in the US use endowment funds worth billions of pounds to help students from disadvantaged backgrounds pay fees. |
| Harvard received about $300m (£153.8m) worth of donations from 89,000 individuals last year to add to its total endowment of almost £15bn (£7.7m). | Harvard received about $300m (£153.8m) worth of donations from 89,000 individuals last year to add to its total endowment of almost £15bn (£7.7m). |
| More than half of the donations were of less than $100 (£51m). | More than half of the donations were of less than $100 (£51m). |