May 12, 2006

British Universities Are a Tad Wealthier

By AISHA LABI

British universities are getting better at fund raising, although their endowments remain relatively small. Those are among the findings released last month by Britain's Higher Education Statistics Agency.

According to the agency, the income of British universities rose to £18-billion in 2004-5, up from £16.9-billion the previous year (to $33-billion from $31-billion in today's dollars, which are weaker than in 2004-5). Endowments and investments, not traditionally a

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