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LSE launches £100 million fund-raising campaign

The London School of Economics and Political Science has launched its biggest ever comprehensive fund-raising campaign with a target of £100 million by 31 July 2005.

LSE - the alma mater of, among others, Cherie Booth, QC, and the President of India, Kocheril Raman Narayanan - announced The Campaign for LSE in order to ensure its position as a world-leading social science institution. Launched in the UK and the US, the Campaign is seeking substantial support, including endowment funding.

Founded in 1895 by a bequest to the Fabian Society, LSE now has more than 7,000 full and part-time students from more than 130 countries worldwide, half undergraduates, half postgraduates and researchers. LSE alumni and former staff include 12 Nobel Prize winners, 29 past or present heads of state, and more than 60 current members of the UK's Houses of Parliament. The School has 60,000 alumni throughout the world.

The £100m goal has been broken down into six basic areas of need:

Facilities           

£20 million

Student support

£10 million

Academic staff support

£10 million

Endowment

£19 million

Research excellence

£40 million

Annual fund

£1 million

Refurbishing its central London campus, expanding student scholarships and access, and supporting research work carried out by world-renowned academic staff are among the key priorities.

Dr Mary Blair, director of the School's development and alumni relations office, said:

'LSE depends on direct recurrent funding from the UK government for less than 20 per cent of its income in contrast to the UK sector average of 40 per cent. Government is an important source of funding, but outside private philanthropy is necessary for LSE to continue its tradition of excellence in teaching and research. The support of alumni, friends, foundations and corporations will make the difference in our future and sustain LSE as a recognised world-wide leader in higher education.'

Ends

Contact Judith Higgin, LSE Press Office, on 020 7955 7582 or email pressoffice@lse.ac.uk| for more information

26 March 2001

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