Venture capitalist to give £75m to poorest students at Oxford University

first_img  27 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Venture capitalist to give £75m to poorest students at Oxford University Howard Lake | 12 July 2012 | News About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving. AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThiscenter_img Advertisement Tagged with: alumni Major gift Research / statistics The University of Oxford is to receive £75 million from venture capitalist Michael Moritz and his wife Harriet Heyman. The money comes with a ‘matched funding challenge’ to the University so should generate £300 million. It is to be used to support UK undergraduates from lower-income backgrounds.According to the University, this is “the biggest philanthropic gift for undergraduate financial support in European history“. It means that Oxford students from the lowest-income families will receive financial support totalling £11,000 per year, eliminating all living costs. They will need £3,500 a year for tuition, but this can be borrowed as a student loan, repayable after graduation in line with future earnings.Moritz, an alumnus of Christ Church, is Chairman of Sequoia Capital, and has invested in a number of digital companies including PayPal, YouTube and Google. He is a member of The Giving Pledge.His father escaped from Nazi Germany and benefited from a scholarship at a London school.Moritz and his wife are already responsible for the largest single gift in recent history to Christ Church, Oxford, when in 2008 they donated $50 million (over £25 million).Students qualifying for support from the Moritz-Heyman scholarship will also receive financial support during university vacations, and benefit from an internship programme to foster career opportunities.In return they will be asked to encourage the next generation of Oxford students from under-represented groups, by giving talks at schools or mentoring school pupils.Moritz said: “Real talent is housed everywhere. Our new scholarship programme means that a gifted student – irrespective of financial circumstances – will always be 100% confident they can study at Oxford”.Staged giving and matched fundingThe total gift of £75 million will be made in three tranches of £25 million. Each of these sums will be matched by £25 million of the University’s own endowment.The University and its supportes will then be challenged to match the first £50 million combination of donation and endowment. Only when that has been achieved will the next £25 million donation be made. The process will be repeated a further two times.The scholarships are available for students starting in October 2012.www.ox.ac.uklast_img read more

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Traffic stop leads to drug seizure

first_img By admin – January 4, 2018 Facebook Twitter Previous articleMan in custody charged with coin machine theftNext articleI-20 passing lanes to be closed overnight admin Chad Arnold A traffic stop by an Ector County deputy led to the discovery and seizure of various narcotics, an Ector County Sheriff’s Office press release stated.Chad Arnold, 43, was pulled over around 1:50 a.m. Thursday morning, the release detailed, and was reportedly nervous and visibly shaking upon exiting the vehicle.After consenting to a pat down search, a deputy found two small bags of suspected methamphetamine and four pills identified as Clonazepam, an anti-seizure medication, as well as a digital scale, a glass pipe and a hypodermic syringe, the release stated. About 2 ounces of marijuana were also found upon searching the vehicle.Arnold was charged with two counts of possession of a controlled substance and one count of possession of marijuana, the release said.Jail records show Arnold was taken to the Ector County Detention Center Thursday and released the same day on three bonds totaling $11,500. Pinterest Twitter Local NewsCrime Facebook WhatsApp Pinterest WhatsApp Traffic stop leads to drug seizurelast_img read more

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