Somerville College ˜ Report for Donors

The
SOMERVILLE
CAMPAIGN
Somerville’s first major fundraising campaign celebrates
the College’s traditions of academic excellence,
accessibility for students, and the creation of world
class facilities.
Launched in June 2009 as Somerville celebrated its 130th
anniversary, the Campaign aims to raise £25 million to support
the three areas crucial to the College’s future well-being:
Student support (fundraising target: £4 million)
Fellowships (fundraising target: £8 million)
Buildings and facilities (fundraising target: £13 million)
Sustaining the path to future growth
Our Campaign vision remains clear: to safeguard a tradition of
excellence at a time of severe cuts to higher education funding,
it is vital to increase support for the College’s endowment.
Somerville’s endowment is only around the midpoint in the
ranking of Oxford colleges, and the College cannot rely on
ancient benefactions or income from substantial landholdings.
Moreover, around half of the College endowment is restricted
by donors to specific purposes and this reduces our flexibility
to respond to changing circumstances.
Raising £25 million is a challenging but necessary target which
will help Somerville to become less dependent on government
funding and enable us to manage a programme of future
growth. In partnership with alumni, friends and philanthropic
benefactors, the goal is to support the pioneering research
of our fellows and to ensure that future generations of
Somervillians can fulfil their potential.
How your gifts have made a difference
By the end of the 2010-11 financial year, more than £16 million
had been raised (in cash and pledges) through generous gifts
from alumni and friends of Somerville. This is a remarkable
achievement and we are very grateful to everyone who has
given to the Campaign to date.
This total is made up of the three main strands of Campaign
fundraising, plus the Somerville Annual Fund and General
Endowment, which directly support these strands. £12 million
was raised during our ‘quiet phase’ from August 2005 to July
2009 and an additional £4 million has been raised in the past
two years.
6
Distribution of Campaign income (£16 million as at 31/07/2011)
A full list of College funds under each of these categories is
available on our website.
Type of donation
11% Student Support
30% Fellowships
17% Improving College Facilities
41% Annual Fund and Unrestricted Legacies
1% General Endowment
We have seen an impressive increase in major gifts to the College
in recent years, and in 2010-11, an unprecedented £897,000 was
received from donations over £25,000. The increase in the number
of regular and other gifts is also making a difference, with more than
£500,000 received in 2010-11. £569,000 was received in legacies
in 2010-11, which has already offered support for vital areas such
as fellowships and student support.
£6,000,000
£5,000,000
£4,000,000
£3,000,000
£2,000,000
£1,000,000
£0
2006-07 2007-08 2008-09 2009-10 2010-11
A dedicated community of donors
When Somervillians support us in great numbers it gives a clear
signal to other donors and funding bodies that we are worthy
of their support. We are already well ahead of other Oxford
colleges, which have average participation rates of 13%, and we
are determined to rival the highest rate of 33% currently achieved
in Oxford. Gifts of all sizes matter, and your continued support is
greatly appreciated.
36% of alumni have supported the Campaign.
17% of alumni made a donation in 2010/2011.
In the six months since the end of the financial year, we have
received an additional £1 million in donations.
For the latest figures and further information, please visit
www.some.ox.ac.uk/campaign
Income from
regular and
other gifts
Income from
major gifts
(£25,000+)
Income from
Legacies