Imagine £1bn of money flows into a sector every year. There are over one hundred organisations in that sector, but just ten of them receive the vast majority of the money. Two of them receive nearly half of it.You’ve just imagined philanthropic donations to UK universities. In particular, you’ve imagined Oxford and Cambridge. If there were a gini coefficient for such a thing, it'd be off the charts.At a time when government funding has receded and borrowing has increased, philanthropic donations have been on the rise in UK higher education. In 2016, there was a record-breaking £1bn of gifts, according to the Council for Advancement and Support of Education, more than twice the level a decade earlier. In 2017, the amount was just below £1bn, of which £429m went to Oxbridge.To put the above
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Imagine £1bn of money flows into a sector every year. There are over one hundred organisations...