This article is from the source 'bbc' and was first published or seen on . It will not be checked again for changes.
You can find the current article at its original source at http://news.bbc.co.uk/go/rss/-/1/hi/education/6351313.stm
The article has changed 5 times. There is an RSS feed of changes available.
| Version 2 | Version 3 |
|---|---|
| Universities to get funding boost | Universities to get funding boost |
| (about 12 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. |
| It's reported that the government plans to give £1 for every £2 raised by donations, up to a maximum of £2m. | |
| Downing Street would not give details ahead of the Prime Minister's speech. | |
| Philanthropists | Philanthropists |
| But a spokeswoman 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 would be eligible for the scheme while the rest would 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. |