Paul is a leading benefactor of the College and wished to create the newest postgraduate scholarship in Economics at Univ. The Oxford-Chellgren Scholarship in Economics is the first endowed scholarship to qualify for funding from both the University-wide matched funding programme and the Univ-specific Oxford-Radcliffe scheme.
Capitalising on two matched funding opportunities
Paul’s four-year commitment of £465,000 will trigger the University’s Graduate Scholarship Matched Fund programme and secure an additional £310,000 of funding. His pledge, together with the University’s matched funding, generates £775,000, providing permanent endowment income of £31,000 to fund a new standalone postgraduate scholarship.
Paul’s commitment not only unlocks University funding; it also qualifies under the terms of the Oxford-Radcliffe benefaction.
1. Paul's four year commitment: £465,000
2. University Matched Funding: £310,000
3. Unlocked funds from the Oxford-Radcliffe Benefaction: £232,500
Once Univ has secured £2m in philanthropic commitments for postgraduate scholarships, a further £1m will be released from the anonymous benefaction. Paul’s gift will be credited with releasing a portion of these funds, as shown above.
Incorporating both of these matching mechanisms, Paul's philanthropy has the potential to be worth more than £1m to the College.