London School of Economics - Philanthropists hand over £100m

A London university has raised £100 million through fundraising. The London School of Economics achieved the figure following a campaign that saw it receive donations from more than 90 countries, including 22 gifts of £1 million or more. There have been more than 12,000 donors since the campaign was launched in 1997, and its success has seen the LSE's endowment grow by £14 million. Howard Davies, the LSE's director, said: "We set out an ambitious target early on and we are now announcing the success of that target, so I think we have been one of those universities that have shown what philanthropic support can achieve."