development report 2014 - Magdalen College
Transcription
development report 2014 - Magdalen College
MAGDALEN COLLEGE DEVELOPMENT REPORT 2014 CONTENTS 1. 2. 6. 8. 14. 18. 21. 22. 23. 24. 27. 28. 30. 36. 37. FROM THE PRESIDENT FUNDRAISING TUTORIAL TEACHING STUDENT SUPPORT NEW LIBRARY DEVELOPMENT ANNUAL FUND CHAPEL & CHOIR NEW APPOINTMENTS LEGACIES COLLEGE FINANCES INVESTMENTS MAJOR BENEFACTORS LIST OF DONORS MAKING A GIFT COMMITTEES A Record Year for Fundraising FROM THE PRESIDENT PROFESSOR DAVID CLARY I am delighted to announce that 2012/13 was a record year for fundraising at Magdalen, with gifts received amounting to £5.7m. I would like to thank all our alumni and friends for giving their tremendous support so that we can continue to deliver an outstanding student experience at Magdalen. Whilst a large proportion of donations come from members who are living in the UK, on average we annually receive around 25% of gifts from those who are resident outside the UK. Both I and members of the Development Team will be making visits to several cities in North America, Australia and Asia in the coming months to thank our alumni in those regions and to inform them of our current fundraising projects. Very generous gifts have enabled us to realize our plans for the future too, as building of the New Library redevelopment gets under way this July. This will vastly improve the study conditions for our students. A full project update is given later in this report. This year we received a remarkable legacy of £2.8m from the late Leon Beghian (1938) and his wife Iris to endow urgently needed graduate scholarships. This has been matched by a further £1.9m from the University. Endowing graduate scholarships is also a major priority for the College. Fundraising for Tutorial Teaching continues as a priority. In 2013 we reached the £2m needed to endow a Fellowship in Law. Campaigns are ongoing for History and Classics with matched funding by the University – and the appeal will undoubtedly widen as additional subjects come under threat as the result of cuts in Government funding. These are just a few of the highlights but none of these achievements would be possible without your exceptional support. I am deeply grateful to all our benefactors who are playing such a significant part in the College’s future and in the lives of so many. As you will read later in this report, many of our students continue to face serious financial challenges and the commitment of our members to the Student Support Fund is crucial. This fund continues to attract significant support, currently amounting to just over £11m in endowment. It provides vital bursaries, scholarships and hardship grants to around 25% of our students. 1 Fundraising FROM THE CHAIRMAN OF THE MAGDALEN COLLEGE DEVELOPMENT TRUST MARK LOVEDAY (1962) This has been one of the most successful years for fundraising at Magdalen, with record income of £5.7m. Even excluding the major bequest of £2.8m for graduate scholarships (which attracted a further £1.9m of matched funding from the University), an impressive amount of almost £3m was donated by our alumni. 2 Annual highlights included the completion of the funding for a second Law fellowship, the endowing of a graduate scholarship in Biomedical Engineering and raising over £3m for the new Library. I would like to thank all our donors for their wonderful generosity in contributing to this success. I must also congratulate and thank the Development Office team, led by Sean Rainey, for all their great efforts and hard work during the year. But there is no possibility of resting on our laurels, as there are still major challenges ahead of us. We must not forget that it is a competitive world out there and that Oxford needs to continue to attract the best teachers, researchers and students, while widening its access. It is vital to ensure the survival of the tutorial system, which is such an important part of the education at Oxford. Given higher fees and rising costs, the demand for bursaries will also continue to increase. As always, we will be striving to increase the percentage of our alumni donating to the College each year - this is currently 19%. In time, I hope that we can match the achievements of other Oxford colleges and increase our annual participation figure to well over 30%. I am sure most of us feel that we benefited from being at Magdalen - a start in life, a career, lifelong friendships, memorable experiences – and with this in mind I hope you will consider donating to the College to enable and help future generations to benefit as well. Any donation of whatever size is welcomed and appreciated as the cumulative power of smaller donations is considerable. I would also encourage you to join the Fastolf Society, if you have not already done so, by leaving a legacy in your will to Magdalen, which provides the opportunity for you to enjoy the benefit of an annual lunch in College. When all is said and done, we rely on the generosity and support of you, our old members, to secure and enhance the future success of the College. I am hoping that, with your help, we will be able to achieve our fundraising objectives in the current year, particularly in respect of the new Library. There are three main objectives that we are looking to achieve over the next year or so in our fundraising efforts at Magdalen: • To raise a further £2m to complete the fundraising for the much-needed new Library. • To grow the Student Support Fund for undergraduates and graduates • To raise the remaining £100,000 for the Classics Fellowship and the £200,000 for the first History Fellowship (to be named after Angus Macintyre) by 30 September 2014. This will enable us to secure the 40% matching funds from the University and so fully endow these two Fellowships with £2m each. The Development Trust exists to help the College raise funds and acts as a conduit for all donations. It assesses the priorities for fundraising and ensures that all funds raised are properly used or invested for the purposes intended. There are 25 Trustees, of which five are nominated by the College and the others elected by the Trustees with the approval of the College. Recently, Viva Bartkus (1985), Judith Hibbert (1980) and Charles Young, retired from the Trustee body with our thanks for all their work and help over the years, while Allegra Berman (1990) and Rory Maw, the new Bursar, were appointed as new Trustees. 3 Fundraising Fundraising Income 12/13 Allocation of Funds Received 12/13 £2.96m Legacies £’000 Beghian Scholarship Fund 2,745 Fellowship Funds 749 New Library 665 Student Support Funds 429 Bellhouse Research Studentship 379 Annual Fund 194 Hong Kong Scholarship Fund 188 Sports & Societies 8 Chapel & Choir 7 Building & Grounds 4 Other Funds 40 Unrestricted funds pending designation 268 £2.71m Donations Total Expenditure 5,674 New Funds Raised*: 2007/08 to 2012/13 £7m £2.8m £6m BEGHIAN BEQUEST £5m £3.0m CALLEVA DONATION £4m £3.9m £3m £3.0m £2m £1m £1.9m 07/08 £2.1m £2.1m £1.3m 08/09 09/10 10/11 *New Funds Raised: Total new commitments (pledges) made to donate which might be received in the year but where the cash may not be received for several years. 4 11/12 12/13 Percentage of Alumni who donated in 12/13 Number of gifts and pledges over £25k in 12/13 38% 19% 24 23 18% 11 MAGDALEN OXFORD COLLEGE AVERAGE HIGHEST OXFORD COLLEGE (EXETER) New Legacy Pledges in 12/13 MAGDALEN OXFORD COLLEGE AVERAGE New Funds Raised in 12/13* HIGHEST OXFORD COLLEGE (EXETER) £12.2m 31 £6.7m 18 £3.1m 10 MAGDALEN OXFORD COLLEGE AVERAGE HIGHEST OXFORD COLLEGE (EXETER) MAGDALEN OXFORD COLLEGE AVERAGE HIGHEST OXFORD COLLEGE (WORCESTER) Number of Full-time Staff in 12/13 Development Office 7.3 5.3 3.3 MAGDALEN OXFORD COLLEGE AVERAGE HIGHEST OXFORD COLLEGE Oxford College data has been obtained from the CASE Benchmarking Project 2012-13 5 Tutorial Teaching Raising the tuition fees to £9,000 does not cover the costs of undergraduate teaching at Oxford, which actually costs the College around £16,000 a year per student. This leaves a shortfall of around £7,000 per annum, per student. 6 With the continual squeeze on university funding Magdalen faces a serious challenge to keep the number of tutors at the present level – and achieving this will depend, to a great extent, on the support of our alumni and friends. The College has prioritized its campaigns to endow teaching posts. Each Fellowship requires an endowment of at least £2million to cover salary and associated costs, producing an income of around £70,000 per annum under the College’s total return policy. The policy restricts annual draw down to 3.5% of the value of its endowment averaged over five years. Magdalen members have already donated generously to help the College endow fellowships in Law, Economics and PPE, as well as several Junior Research Fellowships. We are delighted to announce that fundraising for a second fellowship in Law was completed and celebrated in July 2013. The College has decided that Classics is so central to the depth and breadth of its academic quality that it is appealing for funding sufficient to ensure the continuation of the Fellowship of the Classics Tutor in perpetuity. After devoting 35 years to building up the strength of the subject at Magdalen, it would give me great personal satisfaction to see its future vigour made secure. Professor Oliver Taplin, Emeritus Fellow in Classics THE OXFORD TEACHING FUND A matched funding opportunity for History and Classics Campaigns to fund fellowships in History and Classics have qualified for a very generous matched funding opportunity provided by The Oxford Teaching Fund. The University, anticipating the threat to the tutorial system, set up The Oxford Teaching Fund with money that had been earmarked for new building projects. If a College or department can raise £1.2m in cash gifts and firm pledges for a fellowship post by September 2014, then the University will provide £800k in matched funding. Pledges which run up to five years after the September 2014 deadline qualify for matched funding and are therefore included in the figure for funds raised. Naming the History Fellowship in memory of Angus Macintyre will be a fitting tribute to a Magdalen historian who was a tutor’s tutor and dedicated his life to the intellectual development of both undergraduates and graduates. Once the Angus Macintyre History Fellowship funding is complete the College will work towards completing a second history fellowship which will be named in memory of Karl Leyser. Funds raised for this second fellowship currently amount to £1 million. At Magdalen we believe that tutorials are the key to Oxford’s prized system of education, giving talented students individual attention from leading academics. Dr Jeremias Prassl will join The College as Tutorial Fellow in Law in Michaelmas 2014. Jeremias read law at Oxford and the University of Paris II (MA) as well as Harvard Law School (LL.M.) before returning to complete an AHRC-funded DPhil at Magdalen. He has taught at Jesus and St John’s College, Oxford, as well as holding visiting positions at University College London, Columbia Law School, and the Max Planck Institute, Hamburg. Earlier this academic year, Jeremias won one of the University’s Teaching Excellence Awards. His principal research interests are in the fields of Employment Law, European Union Law, and Civil Aviation. Forthcoming work includes a book on The Notion of the Employer (OUP) and an exploration of the interaction of landmark EU cases and legislation with domestic law through a series of edited voumes on EU Law in the Member States (Hart). The table below shows how we can complete fundraising for fellowships in Classics and History by September 2014: Funds required to Funds required to endow fellowship secure matched funding of £0.8m Funds raised so far (£m) Funds to raise by September 2014 History (one fellowship) £2.0 million £1.2 million £1.0 million £200,000 Classics (one fellowship) £2.0 million £1.2 million £1.1 million £100,000 Matched funds from the University remain within the University endowment, but each year the income from these funds is credited to the College. For more information about the Fellowship Campaigns please contact Sean Rainey in the College’s Development Office: Tel. +44 (0) 1865 286796 7 Student Support For Undergraduates Student funding has changed dramatically since the introduction of student fees for UK and EU students in 1998. Until then many students received an Oxford education for free, the tuition costs covered by central government through taxation. Local authorities also provided grants for accommodation, food and living expenses. Magdalen College Student Population: Academic Year 2012-13 147 Doctorates 75 Masters 391 Undergraduates TOTAL STUDENTS: 613 8 By contrast, students are now charged tuition fees of £9,000 per year and many take out loans to cover their living costs. Many undergraduates will leave University with debts of at least £50,000 or more. In addition, if a student has unforeseen expenses, for example, due to ill health, then they may run into serious financial difficulties. For these reasons we are tremendously grateful to all our members who have given so generously to establish a Student Support Fund (SSF) of over £11 million in endowment - one of the largest student support funds of all Oxford Colleges – providing bursaries, scholarships and hardship funds for students who would otherwise struggle financially to complete their studies. In order to assist undergraduates entitled to public support, the College and the University jointly provide Oxford Bursaries to help those of limited financial means. In 2012-13, 104 Magdalen students received awards from this scheme. In the same year, the College also disbursed grants directly from the SSF to assist 83 students who experienced financial hardship. In addition, the Fund supports all its students through travel and research grants. In total, 27% of all Magdalen students benefited from awards either through the Oxford Bursary Scheme and/or directly from the Student Support Fund. As my graduation comes closer, I can’t help but look back at the amazing times I have had at Magdalen. I have been given some wonderful opportunities - I have rowed with the first VIII, travelled to China to undertake dissertation research and in general it’s been a truly fantastic experience at Oxford! I feel very lucky to have lived somewhere so beautiful and I have developed what I’m sure will be many lifelong friendships. None of this would have been possible without the support of Magdalen’s alumni and friends, and in particular the Student Support Fund. The Fund has meant that I, and many of my fellow students, have never had to worry over finances; for this I am very grateful. I have been given tremendous support by College in both my studies and extra-curricular activities. I have worked on the Telethon for two years and it’s been a very rewarding experience; gaining career advice, being reassured that finals won’t kill me and comforted that Magdalen will always be there to visit and welcome me once I’ve left. Aileen Brennan, BA Archaeology and Anthropology, 2011 9 Student Support Explained For Undergraduates University Funding Arrangements for UK Undergraduates in 2013-14 (not including Wales, N. Ireland and Scotland) TUITION FEES The tuition fee for students from England who started their course in 2012 or later increases up to a maximum of £9,000 depending upon household income. Significant reductions are available to students from the lowest income households as follows: Household income £0 - £16,000 £16,001 - £20,000 £20,001 - £25,000 £25,001 + Fee in first year Fee after first year £3,500 £7,000 £8,000 £9,000 £6,000 £7,000 £8,000 £9,000 Students from England can access a loan from Student Finance England for the full amount of their tuition fee. LIVING COSTS AND SUPPORT All Colleges contribute to the Oxford Bursary Scheme which provides help with living costs. Full-time UK and EU students who started their course in 2013/14 and have a household income of £42,611 or less are eligible to be assessed for a non-repayable Oxford Bursary. The bandings below show how annual bursaries available from Oxford are dependent upon household income before tax: OXFORD BURSARY FUNDS RECEIVED Household income First year After first year £0 - £16,000 £16,001 - £20,000 £20,001 - £25,000 £25,001 - £30,000 £30,001 - £35,000 £35,001 - £40,000 £40,001 - £42,611 £42,612 + £4,300 £3,500 £3,000 £2,500 £2,000 £1,500 £1,000 £0 £3,300 £3,000 £2,500 £2,000 £1,500 £1,000 £500 £0 Students from England are also entitled to apply to the UK government for a maintenance grant or loan to help with living costs. The table below illustrates the support available through Student Finance England, dependent upon household income before tax: Household income Maintenance loan Maintenance grant (repayable after graduation) (non-repayable) £0 - £25,000 £25,000 - £42,611 £42,611 - £62,125 £62,125 + 10 £3,823 £3,824 - £5,475 £5,476 - £3,575 £3,576 £3,354 £3,353 - £50 £0 £0 STUDENT EXAMPLE: Entry 2013/14 UNDERGRADUATE IN CHEMISTRY (UK resident, Full-time, 2nd Year of 4 year course) Household Income of £42,600: ANNUAL INCOME: Tuition Fee Loan: Oxford Bursary: Maintenance Grant: Maintenance Loan: £9,000 £500 £50 £5,231 £14,781 ANNUAL EXPENSES: Living Costs: (University estimate – includes costs for accommodation, meals, clothes, travel and books) Tuition Fee: As a 4th-year chemistry student, I have to complete a year-long Masters research project based in the lab. This requires me to be in residence at the University from September through until July with only a short break at Christmas and a few days break at Easter. In all, this meant my accommodation and food bills were significantly increased from previous years, but my student loan didn’t take this into consideration. The generous support I received from the Student Support Fund, however, meant that my financial stress was vastly reduced – I could comfortably afford to pay for my accommodation and still have some funds remaining for food, books and travel. Shortfall £7,900 £9,000 £16,900 £2,119 Annual accumulated debt: £ 14,231 (maintenance Loan + tuition fee loan). Total debt over 4 years: in excess of £56,924 UNDERGRADUATE IN CHEMISTRY (US resident, Full-time, 2nd Year of 4 year course) Annual Income: Scholarships or partial funding The Student Support Fund has been utterly invaluable to me, this year – I very strongly believe I would be in serious financial difficulty without it! ANNUAL EXPENSES: University Tuition Fee: College Fee: Living Costs: (University estimate – includes costs for accommodation, meals, clothes, travel and books) Yousef Mottaghi Taromsari, M Chem Chemistry, 2010 Total costs over 4 years: in excess of £135,380 £19,480 £6,465 £7,900 £33,845 11 After four incredible years of undergraduate Classics at Magdalen, I knew that I wanted to go on to do an M.Phil. Unfortunately, as many people will know, funding for post-graduate work in the humanities is very difficult to come by, and my case was no exception. Without the great generosity of the Student Support Fund, through which my fees and college rent are paid, I wouldn’t have had the opportunity to continue with my studies. The financial support from Magdalen has given me the security to enjoy my Masters course to the full, and to grow in confidence in the academic world. Philippa Adrych, MPhil Classics, 2008 12 Student Support Explained For Postgraduates Government funding for graduate studies has virtually disappeared over recent years and, as a result, the financial barriers to studying for a postgraduate qualification have never been greater. What is the cost of a postgraduate degree? There is considerable variation in the annual fees charged for Oxford graduate courses. This will be dependent on subject, duration of study and residency of the student. The Graduate Scholarship Matched Fund To secure full funding for graduate students, the University of Oxford has launched a new Graduate Scholarship Matched Fund. This unique fundraising opportunity allows donors to maximise the potential of their gift by matching this with University funds, on a ratio of 60:40, substantially increasing the value and impact of their donation. The University has designated £40 million for the Matched Fund. STUDENT EXAMPLE: Entry 2013/14 DPHIL IN INTERNATIONAL DEVELOPMENT (3 year, Full-time) UK/EU OR CHANNEL ISLAND STUDENT (£) OVERSEAS STUDENT (£) University Tuition Fees/annum 7,665 15,910 College Fees (Does not include accommodation or meals)/annum 2,659 2,659 Living Costs/annum (minimum estimate) 11,343 11,343 Total cost/annum 21,667 29,912 Total cost for 3 years 65,001 89,736 The figures used in the above estimates are published on the University of Oxford website at: http://www.ox.ac.uk/feesandfunding/fees/ We are delighted to announce that the legacy of £2.8m from the late Leon Beghian (1938) and his wife Iris qualified for matched funding from the Graduate Scholarship Matched Fund, bringing the total value of their gift to £4.7m to provide fully funded Graduate Scholarships at the College. 13 New Library Development The renovation and extension of the New Library at Magdalen is the largest building project in the College grounds since the Grove Quad in the 1990s and is likely to be the last for some considerable time. The generosity of Magdalen’s old members has shaped the College over the centuries. Every building in the College has been made possible by the generosity of donors; New Building was built in 1733 thanks to a building fund to which alumni donated and, most recently, the aforementioned Grove Quad was funded by donations from many hundreds of Magdalen old members. 14 FROM THE FELLOW LIBRARIAN CHRISTINE FERDINAND 15 New Library Development The cost of the New Library project is £10.5m and the College has set aside £3m from its own resources to help fund the building. To date we have raised a little over £5.5m from our old members and are now calling upon the wider alumni base to lend their support to this vital project. There are a wide variety of naming opportunities with the opportunity to give at all levels. The new design will deliver: ● Almost three times more space than the current library provides ●More than twice as many places to study (up to 120 reader spaces) ● A variety of spacious work places – at individual desks, in seminar rooms, at tables, in study carrels, and in more casual communal areas ● A ccess, for the first time, into and throughout the library for disabled members of College ●Enough shelving to accommodate Magdalen’s current collection of books and DVDs, with room for growth ●A flexible design that will help ‘future-proof’ the library – for example, some book storage space can be converted into seminar rooms or study areas if printed books become less in demand ●Wifi and Ethernet access throughout the building – and wifi in Longwall Quad ●C arefully fitted double-glazing to minimize noise and particle pollution ●More and better ventilated toilets ● G reen rooftops on the newly built sections 16 During construction of the new New Library, Magdalen readers have been provided with comfortable, semi-permanent accommodation in St Swithun’s Quad. The St Swithun’s Library, fitted with familiar oak furniture retrieved from the old building, has a good office for library staff and nearly as many reading places as before. Like the old library it has wifi and is open 24/7, but in a number of respects it improves on the New Library: the roof does not leak; the heating can be controlled; the lighting is better; there are plenty of electrical outlets; and it is wheelchair-accessible. Most of the book collection has been stored at the Bodleian Library’s Storage Facility in Swindon and those books can be requested on-line, for next-morning delivery to Magdalen. DVDs and about 3500 of the most heavily borrowed books are housed in the St Swithun’s Library, where they can readily be accessed. If you would like to explore ways in which you can help reshape the landscape of your College, and provide a centre of study for future generations of Magdalen students, please contact Sean Rainey in the College’s Development Office: Tel. +44 (0) 1865 286796 17 Annual Fund Thank you to all Magdalen members who contributed so generously to the Fund this year. The Campaign was a great success: ● Raising £309K (up from £288K in 2011-12) ● Contributing £194K directly to the College’s operating income ●P roviding the opportunity to contact 925 alumni during two ‘Telethon’ campaigns in March and December ●S upporting all areas of College life; Academic Excellence, Student Support, Buildings and Grounds, Sports and Societies, Chapel and Choir . 2012/13 Annual Fund Summary Sports & Societies £4k Buildings & Grounds £4k Chapel & Choir £7k Other £3k Academic £18k Student Support £79k Unrestricted Funds Greatest Need £194k (Added to the College’s operating income) 18 Buildings and Grounds The annual spend on College buildings and grounds is around £1.6m, which includes in-house labour, materials, planned maintenance, servicing and project work. Repairing river banks eroded due to flooding, signal crayfish or other causes, and there is still more to do. 75,000 Cost: £1 73,000 Cost: £2 Improving the layout, working conditions and security of the Porters’ Lodge. 42,000 Cost: £1 Installing WIFI in about half the College. We hope to complete this work by 1st October 2014. Repairing sash windows of the south, east and west faces of the New Building – 72 windows. Building an all-weather pitch for hockey, lacrosse and 5-a-side football. This is a joint venture with Magdalen College School – we lease the land to them and in return, the School paid for the construction. This collaboration means that the College benefits from free use of the pitch. 19 Music Society Magdalen Players An enthusiastic new committee has revived the Music Society. After a year’s hiatus, Magdalen Orchestra and Magdalen Singers returned during Michaelmas and Hilary terms, performing Wagner’s Siegfried Idyll, a selection of Christmas carols and arrangements of gospel music. Two popular Jazz and Open Mic Nights were also arranged in the Old Kitchen Bar. The highlight of this year’s thriving lunchtime recital series was a visit from the prodigious young cellist Aram Yagubyan, double prizewinner in the International Bach Competition at Leipzig. We were also delighted to host an evening concert during Hilary term for Magdalen alumnus Christopher Terepin’s string quartet. Magdalen Players have had a fantastic year of drama, funding highly successful shows as well as focusing on encouraging drama within College. Players-led gatherings of thesps and enthusiasts for informal play readings have taken off and the Trinity production of Timon of Athens consisted almost exclusively of Magdalen members in both cast and crew, which gives a hint of the enjoyment members of College draw from the presence of such a well-established society, with strong support from alumni. Another particular highlight of the year was the Q&A with Michael Grandage, hosted in Magdalen auditorium by Players’ Co-President Gabriel McCallum, the proceeds of which will be immensely helpful for our continuing contribution to drama in the College and University more widely. In the past financial year the Music Society has received around £600 from the College’s combined sports and societies fund to buy music and parts for the orchestra and choir, for getting new equipment for the open mic nights, and for paying travel expenses and other costs involved with inviting external musicians to play in Magdalen. Thank you to all the College’s alumni for making this possible. Josephine Bentley (2011) and Jasmine Ramsay-Gray (2011) The Players are grateful to all the College’s alumni for a grant of £825 from the Combined Sports and Societies Fund this year to support the Trinity production of Timon of Athens. Julia Gibbon (2012) Thank you to all the College’s alumni and friends who give so generously to enhance the experience and opportunities for students. 20 Chapel and Choir FROM THE INFORMATOR CHORISTARUM, DANIEL HYDE Over the past year, the Choir has been busy with a number of concert and recording projects. Timed for release this Easter, we spent an enormously rewarding week in the sweltering heat back in July 2013 recording Buxtehude’s cantata cycle ‘Membra Jesu, nostri’ to mark our first release on the Opus Arte label. Opus Arte is the recording arm of the Royal Opera House, and the opportunity to record with them comes as a significant endorsement of the College’s Choir and heritage. It was a pleasure to welcome back three old members, now highly successful international soloists, to join the Choir on this project. Later this year, we shall release another disc, this time featuring the music of John Ward, performing with Magdalen’s Fellow in Music, Laurence Dreyfus and ‘Phantasm’. For the Choir, recording work is an ideal way to share what we do day by day in the Chapel with a wider and more diverse audience. It is also an opportunity to discover lesser-known repertoire, some of which we might never sing within a regular chapel service. This is the same with concert work, and the Choir has been fortunate to have sung a number of programmes with orchestra over the past year. Be it a St John Passion by Bach, or Mozart’s Requiem to name but two things we’ve done - the Choristers, Clerks and Organists all gain valuable educational experience from these opportunities, and we are always looking for further projects to take on. Our touring, recording and concert projects rely on funding and support from a number of bodies. Whilst the College is able to support some of what we do, we are extremely grateful to those old members who donate money to the Choir; the proceeds from these gifts go directly towards the costs of these projects, and have a clear value and benefit to the experience the students have during their time with us. The work of the Choir is primarily about education and cultural experience; long may it continue. Any old member who wishes to discuss with me any aspects of the Choir’s work, or any possible future projects should not hesitate to be in touch. Email: choir@magd.ox.ac.uk 21 New Appointments Bursar, Rory Maw Rory Maw joined Magdalen College as Bursar in March 2014, having been a Partner and CFO of Bridges Ventures, a private equity firm specialising in social impact investment in high growth SME’s and real estate. Previously, he was an investment banker at Schroders and Morgan Stanley, specialising in mergers and acquisitions for a range of international clients. Rory graduated in Economics from Trinity College, Cambridge, and qualified as a Chartered Accountant. For eight years to 2013, he was a non-executive director of Guy’s & St Thomas’ NHS Foundation Trust, latterly as Vice-Chairman, and chaired the Finance and Investment Committee. He continues to serve as a Trustee and a member of the Investment Committee of Guy’s & St Thomas’ Charity, which manages an endowment of over £500m and supports innovative healthcare in South East London. Until March 2014, Rory was also Chairman of TEG Group, an AIM-listed environmental technology company. As Bursar, Rory’s primary responsibilities are to ensure the sound financial management of the College, principally budgeting and control of College expenditure, financial reporting, as well as safeguarding and optimising returns from the endowment. He plays an active role in management of the Oxford Science Park, one of Magdalen’s key investments. College Accountant, Helen Knight Helen joined Magdalen as College Accountant in February 2014, having previously worked in the finance division of the University of Oxford for six years, where she worked on budgeting and financial planning. She has a BSc in Geography from Queen’s University Belfast and is a Chartered Accountant. 22 Legacies Legacies have provided a significant source of funds for Magdalen since its foundation in 1458. Over a 25 year period our founder William of Waynflete accrued lands to form the College’s endowment; many as ecclesiastical bequests or through his role as executor to two wealthy landowners Lord Ralph Cromwell and Sir John Fastolf. The importance of legacies is no less significant today. In the past financial year by far the largest gift received by Magdalen was a bequest of almost £2.8m from the estate of the late Leon Beghian and his wife Iris. In addition the College received a further seven legacies which amounted to just over £270K. In the future legacies could provide the guarantee of funds which the College so urgently needs for long-term planning and to ensure its continued success. We hope that it will also help to deepen the bond between our legators and Magdalen. We appreciate that many of our alumni and friends prefer to remain anonymous. However, please do consider letting us know whether you have made or are planning to leave a gift to the College in your will. This helps us with our planning as well as giving us the opportunity to thank you in your lifetime. Many of Magdalen’s current legators are members of the Fastolf Society and enjoy the opportunity to meet for an annual lunch in Hall hosted by the President. An unrestricted legacy is usually the most beneficial way of supporting Magdalen’s aims. It gives the College the flexibility to use your gift in the most effective way, giving support to areas of greatest need, now and in the future. In addition, making a bequest which is a percentage of your estate means that your gift is inflation-proofed for the future. If you would like to discuss leaving a legacy to Magdalen, in confidence and without obligation, please contact Dr Marilyn Bowler in the Development Office. Email: marilyn.bowler@magd.ox.ac.uk Tel: +44 (0) 1865 286682 While everyone wants to make sure their loved ones are looked after when they’re gone, actually confronting that issue and making plans is something that people generally tend to shy away from. The latest figures from Smee & Ford support this, reporting that just over 73,000 absolute bequests (legacies received by charities) were left last year. Thirty-five per cent of people say they’d happily leave a gift in their will, but only 7% actually do so – despite the fact that legacy gifts to charities benefit from significant tax advantages. At Magdalen we currently have notifications of 239 legacies, representing just under 3% of our membership. 23 College Finances FROM THE COLLEGE ACCOUNTANT, HELEN KNIGHT In the year to 31 July 2013, the College reported a surplus of £3.3m on income of £10.7m. Academic income and residential fees accounted for 51% of total income. A further 9% arose on trading and other income, with the balance coming from donations and investment income. The College is heavily dependent on both donations and investment income to cover the costs of its primary function of teaching, with academic and residential income only covering around half of the costs incurred in providing this core function. In 2012/13 the College received £5.7m from donations, with almost half of this coming from a single legacy. Around 50% of expenditure is incurred on staff costs with the second largest area of spend being on the upkeep of the buildings and grounds. Over the last five years, expenditure has risen by an average of 3% pa. The endowment, which at 31 July 2013 was valued at £171m, is managed for total return irrespective of whether that return is derived from rent, dividend income or capital growth. In order to maintain the spending power of the endowment in perpetuity, annual expenditure funded from the endowment is capped at an average of 3.5% of the endowment balance. INCOME £’000 2011 2012 2013 Teaching & Research 2,550 Residential 2,708 Trading 758 Investment 3,046 Other 240 Legacies & donations (spent in year) 0 Total Income 9,302 2,671 2,789 1,144 3,226 272 213 2,668 2,767 1,164 3,506 392 194 10,315 10,691 EXPENDITURE £’000 2011 2012 2013 Teaching & Research Residential Fundraising Trading Investment management Student Support Other Total Expenditure 3,451 5,049 597 734 586 691 226 3,564 5,594 560 915 718 737 211 11,334 12,299 3,605 5,573 645 994 731 786 575 12,909 Operating deficit for the year (2,032) (1,984) (2,218) Legacies & donations (invested) 2,443 1,861 5,480 Other investment gains 12,625 5,732 21,088 Increase in net funds 13,036 5,609 24,350 The College is heavily dependent on both donations and investment income to cover the costs of its primary function of teaching, with academic and residential income only covering around half of the costs incurred in providing this core function. 24 In 2012/13 the College received £5.7m from donations, with almost half of this coming from a single legacy. INCOME AND EXPENDITURE (YEAR END 31ST JULY 2013) Income: £10.7m 3% Other Expenditure: £12.9m Other Investment management 25% 33% Teaching and Research Investment 4% Student Support 6% 6% 28% Teaching and Research 8% Trading 5% Fundraising 11% Trading 26% Residential 43% Residential 2% Legacies & Donations (spent in year)* *In addition to these funds for current use, the College also received new endowments of £5.5m in legacies and donations. The full report of the Governing Body, Financial Statement and Auditor’s Report may be obtained at: http://d307gmaoxpdmsg.cloudfront.net/collegeaccounts1213/Magdalen.pdf 25 26 Investments FROM THE CHAIRMAN OF THE INVESTMENT COMMITTEE, JEREMY PALMER (1974) The College’s Investment Committee is composed of five external members, chosen for their experience and expertise across investing in all asset classes, and five fellows, including the President, the Bursar, and the Chairman of the Bursarial Committee. The Bursar is the secretary to the Committee, and the Chairman is Jeremy Palmer, an old member of Magdalen and experienced financier. The committee is responsible for oversight of the endowment and advising the Bursarial Committee on its investment. The property interests, principally comprising agricultural land, retail space, and the Oxford Science Park, make up approximately one quarter of the total value of the endowment. The balance is held in cash and securities in the investment portfolio. Over the last 12 months to the end of March, the investment portfolio has made a total return of 6.6%. During this period the global equity index (MSCI ACWI) returned 6.7%. The portfolio’s exposure to Asian and Emerging markets, although small, contributed to the marginal underperformance over this period. Over three years, however, the portfolio has outperformed, returning 28.5% against 25.0% for the index. Emerging Markets had a difficult 2013 as the comments made in May by the US Federal Reserve Chairman, Ben Bernanke, around scaling back the current Quantitative Easing programme, weighed heavily on investors’ minds. The Magdalen investment portfolio has a low allocation to this region, especially when compared against the wider Charity universe. The Investment Committee would like to record its thanks for the hard work and commitment over many years of Charles Young, the retiring Investment Bursar, and to welcome his successor Rory Maw. INVESTMENTS £m The Magdalen investment portfolio has been managed by Cazenove Capital Management since November 2009. Quarterly meetings are held between the Investment Committee and the managers whereby performance and strategy are discussed. The portfolio is managed on a pooled basis using both active and passive Funds and is predominantly invested in equities. The portfolio bias is towards developed markets, with a large part of the total wealth exposed to the UK and US equity markets. At 31 July 180 160 140 120 100 80 60 40 20 0 2009 Equities Alternative and other investments 2010 Fixed term deposits and cash 2011 Property 2012 2013 Oxford Science Park (50% Joint Venture) 27 Major Benefactors’ Scheme Highlights of the programme include talks given by many of Magdalen’s high profile alumni at our Speaker Meetings in London. Speakers have included the Chancellor of the Exchequer George Osborne (1990), Chief Executive of Channel 4 David Abraham (1981) and most recently, Chairman of the Premier League Anthony Fry (1974). The Calendar for Benefactors is one of our most popular donor benefits, sent to all donors. The 2014 edition included a wonderful collection of some of the best photographs of Magdalen. Magdalen’s second Benefactors’ Gaudy was held on 14th June 2014. This bi-annual event is open to all members who have given and/or pledged more than £25k to the College. Benefactors are welcome to bring a guest, spouse or partner to this event, as well as another guest couple who might be interested in supporting the College. GIVING LEVEL (Total funds donated and/or pledged to College) £1+ Waynflete Society • Invitation (including guest) to exclusive annual College events. • Magdalen calendar sent to all those who have made a gift to the College in the current academic year. £25k+ Waynflete Benefactor • All benefits listed above AND • Invitation (including guest) to Benefactors’ Gaudy in College. • Invitations to ‘Speaker Events’ in London. • Invitations to lectures, exhibitions, Carol Services, and other events held in College. £100k+ President’s Circle • All benefits listed above AND • Invitations to special College events which may include the Waynflete Dinner and Christmas entertainment. • Annual invitation to High Table. • Y our name included in a Benefactors’ register or on a Benefactors’ board (only with your agreement). 28 Major Benefactors The College is delighted to recognise major donors in the following Benefactors’ Scheme and extends its gratitude for the exceptional generosity of these donors As with all donations and pledges to the College, we respect an individual’s request to remain anonymous and/or refrain from becoming part of the Benefactors’ Scheme. WAYNFLETE FELLOWS (Elected by the Governing Body) Anonymous (1990) Apgar, Mahlon (1965) Beckwith, Paul (1979) & Therese Butt, Caroline Butt, Stephen (1969) Campbell, Robert (1979) Cha, Louis Clay, John (1948) Hichens, Antony (1956) Huscher, Dusty (1978) Loveday, Mark (1962) Richards, Jack (1951) Richardson, Frank (1962) Rosenblatt, Lief (1974) Wills, Catherine (Dulverton Trust) Zvi & Ofra Meitar Family Fund PRESIDENT’S CIRCLE (Total donations and pledges to Magdalen £100,000+) Allen, Paul (1973) Anonymous Anonymous Anonymous (1936) Anonymous (1948) Anonymous (1958 & 1993) Anonymous (1960) Anonymous (1973) Anonymous (1977) Anonymous (1979) Anonymous (1979) Anonymous (1982) Anonymous (1993) Anonymous (1995) Bellhouse, Brian (1957) Bhattal, Jesse (1979) Carey, Jim (1965) Chow, Oscar (1993) Corner, Tim (1976) Cowley, Andrew (1981) Dodyk, Paul (1959) Doran, Eamonn (1982) Ellis, Vernon (1966) Foxton, David (1983) & Heather (née Crook) (1986) Hamer, Michael (1973) Haslam, Simon (1975) Havery, Richard (1954) Hruska, Jan (1979) Johnson, Luke (1980) Lock, Barry (1953) Plowden, Charles (1980) Redfern, Dominic (1984) Roberts, Christopher (1955) Stuart, John (1951) Swartz, James (1966) The David & Elaine Potter Foundation Todd, Anthony (1979) Tosetti, Paul (1977) Youard, Richard (1953) Young, Timothy (1972) WAYNFLETE BENEFACTORS (Total donations and pledges to Magdalen £25,000+) Altenburg, Brian (1997) Anonymous Anonymous Anonymous Anonymous (1958) Anonymous (1974) Anonymous (1974) Anonymous (1975) Anonymous (1975) Anonymous (1978) Anonymous (1978) Appleby, Chloe Asseily, Anthony (1960) Bartos, Celeste Beloff, Michael (1960) Berman, Allegra (1990) Buckley, William (1986) Butt, Michael (1961) Cotton, Jeremy (1955) Cox, Tim (1984) Crotty, Philip (1986) Crystal, Michael (1969) Currie, Giles (1953) Doak, Colin (1973) Downes, Paul (1988) Eaton, Nigel (1986) Ellingworth, Richard (1947) Emmott, Bill (1975) Fleming, James (1962) Formby, Roger (1958) Forrester, John (1946) Fry, Anthony (1974) Gibson, Clive (1966) Gibson, William (1970) Green, Simon Greschner, Donna (1981) & McHughen, Alan (1976) Griffin, Keith (1960) Grigg, Sebastian & Rachel (née Kelly) (1984) Hansom, Edward (1976) Harman, Charles (1981) & Charlotte (1981) Hayward, Jack Higgins, Daniel (1989) & Jackie Jackson, Mark (1974) Joll, James (1957) Kay, Roger (1977) Keith, Hugo (1985) Leach, Andrew (1969) Lever, Stuart (1944) Marshall, Edmund (1958) Martin, Christopher (1973) Mee, David (1977) Merry, Malcolm (1973) Moghadam, Reza (1982) Mohan, Bernard (1959) Morant, David (1994) O’Brien, Paul Oditah, Fidelis (1986) Owen, Marc (1977) & Ranninger Owen, Rebecca (1980) Pillow, Nathan (1992) Redman, Eric (1970) Ridgway, Michael (1954) Ridley, Matt (1976) Robey, Simon (1980) Rowe, David Sayers, Michael (1954) Semple, Penelope Smith, Anthony Sohmen, Philip (1996) Soskin, David (1972) & Alexandra Stonehill, Charles (1975) Stratford, Phil (1989) Stuchfield, Nicolas (1978) Sumption, Jonathan (1967) Sutton, Simon (1986) Thrower, Simon (1984) Toube, Felicity (1990) Watt, Michael Wesley, Kathleen West, John (1968) White, Guy (1947) Williams, Colin (1960) Wong, Kevin (1987) Wrigley, Jed (1985) 29 List of Donors The following list recognises all those who made a gift to Magdalen in the last financial year (i.e. 1st August 2012 to 31st July 2013). We are extremely grateful to everybody who has made a donation. Please note that, in accordance with best accounting practice, we count donations from the date they are banked. In most cases this makes no difference to the list, but a small number of donations from abroad, particularly those going through central University agencies such as Americans for Oxford, may be affected as the University transfers funds owing to Colleges in bulk at quarterly intervals. Please rest assured that we will list your name in the next issue of the Development Report on receipt of your donation. % of year group who donated to Magdalen in 2012-13 In the list below the participation rate for each year group is given in parenthesis. This represents the percentage of the year group which has made a donation in 2012-13. Pre-1950 (16%) Acland, Julian Anonymous Anonymous Anonymous Appleyard, Geoffrey Avery, Roy Barclay, Kit Best, Paul Binder, Alan Bruce-Gardyne, Charles Chalmers, Burton Clay, John Cruickshank, Darrell Davies, David Daws, Bernard Douglas, Nigel Elliott, John Everard, Kenneth Farquharson, Alwyne Fraser, John Gerrard, John Granger, John Guttmann, Dennis Harrap, Robert Hastie, Robert Haydon, Francis Herdon, Christopher Horton, David James, Walter Judd, Brian Lane, Brian Lever, Stuart Ling, Robin Marsh, Ernest Marston, Adrian McGrath, Peter McLean, Andre McLean Menzies, Donald Mitchell-Banks, William Moon, Thomas Morrison, Alexander Neal, Stewart Norton, Andrew Norton, Dick 30 Presswell, Arthur Raitt, Alan Rebh, George Roberts, David Robinson, Michael Rundle, David Sansom, Bernard Scarfe, Norman Shrank, Alan Sladden, Robert Smart, Michael Turner, John Urmson, Wilfred Ward, Ian Ward, Peter Weiskrantz, Larry Whittaker, Eric Wightman, Eric Wrong, Oliver 1950 (14%) Davy, Richard Johnson, Barry Lock, Geoffrey Snow, William Steane, John 1951 (22%) Armstrong, Stanley Attfield, David Berthoud, Martin Earl, Stephen Hichens, Robert Huxley, George MacMillan, Angus McMahon, Kit Shurman, Laurence Stuart, John & Veronica Swift, George Vaughan, Philip Wells, David 1952 (20%) Blelloch, Andrew Duffin, Nicholas Harvey, Paul Hodgson, Godfrey Jeffries, Graham Lamb, Kenneth Orton, John Paechter, George Van Oss, Richard Witt, David 1953 (22%) Anonymous Calabresi, Guido Currie, Giles Gordon, Alan & Elizabeth Hardy, Michael Jenkin, David Lock, Barry Maxwell, Bennett Patterson, Brown Savege, Bryan Ward, Gordon Webb, William Wyllie, David Youard, Richard 1954 (33%) Anderson, Ian Anonymous Bayne, Christopher Bird, Michael Broadbent, Adam Cave, Gordon Chaplin, Jon Cottis, Janie Day, Mike Easton, Brian Exell, Robert Gambold, Thomas Hall, Jolyon Hatfield, Brian Havery, Richard Horton, Graham Lawrence, John Ridgway, Michael Robinson, Tim Royle, Peter Sayers, Michael Stout, David Wakely, Roger Watkins, Roger Welbourne, Michael Worden, Peter 1955 (24%) Brush, Stephen Burchardt, Andrew Cotton, Jeremy Doughty, Charles Garner, Alan Granville, John Griffin, Philip Griffiths, Stuart Hurlock, Jim Leggett, Anthony Loader, Brian Philip, Michael Pinder, Severin Pitcher, George Roberts, Christopher Steel, William Todhunter, Michael van Brugen, Michael Willoughby, Michael 1956 (30%) Alexander, Jonathan Anonymous Anonymous Barry, David Beer, Colin Birch, John Brewster, John Buckley, James Cousin, William Cretney, Stephen Dew, Anthony Draper, Philip Emms, Peter Fane, Chris Ground, Patrick Hampton, John Harvey, Brian Hichens, Antony Howell, Terry Hunter, Keith Jones, Peter Jowett, Richard Lang, Peter Myers, Christopher Ouvry, David Owen, Roger Pirie, Robert Richardson, James Rudd, Lewis Swan, Michael Thornley, John Tomlinson, David Tyson, Donald Waller, Louis 1957 (28%) Anonymous Anonymous Anonymous Baer, George Baker, David Barton, Peter Bates, Christopher Bellhouse, Brian Burton, Michael Clift, Donald Daniel, Mike Daniloff, Nick Emerson, John Fall, Brian Gilbert, Sir Martin Gutay, Laszlo Gwilliam, Kenneth Isaacs-Sodeye, William Job, Roger Keenan, Peter Kite, David Lindsay, Alexander Macnair, Miles Martin-Clark, David Osborne, Kenneth Pfaff, Richard Senter, Michael Smale, Michael Stanier, Robin Sutherland, Edmond Swatland, David Tottle, Graham 1958 (29%) Anonymous Anonymous Anonymous Auber, Thomas Austin, Michael Berg, Stephen Bolton, Jim Crossley, Tony Donner, Kenneth Dyer, Geoffrey Formby, Roger Gamblin, Richard Gordon, Ian Gower, Christopher Hammond, John Hiiemae, Avo Hinchcliff, David Howard, Christopher James, Colin Judd, Denis Lambert, John leadbeter, Roger Mansfield, John Masding, John McCarthy, David Meeres Young, Robert Morfey, Gill O’Hara, Eddie Perry, Patrick Peters, David Pritchett, Oliver Robbins, Keith Rothenberg, David Rucker, Arthur Seymour-Ure, Colin Tigert, Donald Watson, David Whitfield, Adrian Wood, Robert Zunder, William 1959 (26%) Barker-Mill, Adam Bennett, William Bergsagel, John Birch, Richard Bottigheimer, Karl Burnell, Peter Claridge, Dennis Croome, Gilbert Daly, Martin Dodyk, Paul Elliott, Robin Goodfellow, Robin Gray, Edmund Griffiths, Robert Harrold, David Hassall, Mark Lewis, Robin Loader, Peter Mansergh, Philip Rathbone, Christopher Rhodes, Leslie Rhymes, Rupert Robert, Georges Robinson, Jim Shaw, Charles Smith, Stephen Stein, John 1960 (38%) Barlow, Neil Bell, Michael Beloff, Michael Bryant, Ralph Compston, Christopher Coode, Richard Cox, Barry Crawfurd, Raymond Crowther, Andrew Day, Alan Day, Chris Edgington, Dorothy Edmonds, Michael Fletcher, Keith Griffin, Keith Haldane, Martin Hartley, Frank Howe, Daniel Howlett, Graham Irvine, John Janke, Peter Langley, Frederick MacCormack, Geoffrey Magowan, Brian Metcalfe, Adrian Montgomery, Bob Moon, John Nicholson, Charles Orbach, Laurence Rayment, Paul Richardson, Colin Startup, Richard Stevens, Peter Stoole, Brian Strong, Anthony Sutcliffe, Tom Thompson, Howard 1961 (29%) Aldrich-Blake, Pelham Anonymous Anonymous Benson, Stephen Butt, Michael Byrne, Andrew Churchill, Trevor Coney, Michael Cotterell, Jonathan Gillespie, Hugh Grenfell, Ian Halfpenny, Michael Hallatt, Roger Howard, Jonathan Kerfoot, Derek Kerr, John Lines, Richard Marchesi, Vincent Mason, Chris Miller, Chris Moore, Malcolm Moose, Jim Morant, Rodney Orton, Robin Southerington, Frank Volkman, Alvin Vyvyan, Anthony Waite, David Wrigley, Peter 1962 (27%) Bennett, Philip Brown, Michael Clarke, Richard Clothier, John Dingle, Michael Edwards, Richard Fearnley, William Garratt, Philip Graham-Harrison, Robert Holmes, Peter Jabelman, Bill James, Peter Lenox-Conyngham, Andrew Lewty, Ian Lloyd, David Loveday, Mark Malpas, Professor James Owens, Christopher Padley, Howard Park, Robert Sullivan, John Taussig, Andrew Thomas, David Tidy, Michael Will, George Windeyer, James Young, Bob 1963 (26%) Austin, Hugh Bailey, Oliver Barendt, Eric Campbell, George Castle, Graham Croome, Geoffrey Freeman, Richard George, Charles Guest, Melville Halford-MacLeod, Philip Halfpenny, Peter Hoffman, Gary Hughes, Trevor Jerome, Michael Lane, Bruce Liebenthal, Bob Maitland, Ian Martin, Philip Miller, Jonathan Power, Max Quitslund, James Richards, Ian Rickford, Jonathan Sinclair, Paul Thompson, Martin Turton, Glyn Whitehead, Laurence Williamson, Roger 1964 (22%) Anderson, Andrew Anonymous Anonymous Anonymous Atkin, Colin Barrie, Ian Beynon, John Brand, Paul Burnham, Thomas Cohen, Michael Cran, Bill Fellows, Donal Gowar, Martyn Hines, Alan Ingram, David King, David Margutti, Simon Mitchell, Charles Parkes, Simon Redman, Geoff Reiskin, Allan Richardson, David Rushton, Julian Vickers, Roger White, Andrew 1965 (21%) Anonymous Anonymous Ball, Frank Barlow, John Barrett, Harry Baumbusch, Peter Berg, Robert Carey, Jim Christie, David Cook, Peter Croom, David Evans, John Gasson, Peter Jay, Michael Johnson, Anthony Keates, Jonathan Marks, David Quinault, Roland Sadler, Peter Schoeffel, Rudd Sherwell, John Stevenson, Colin Sturgess, John 1966 (27%) Anonymous Boase, Charles Bray, Nicholas Browne, John Clark, William Cogley, Graham Coombes, Paul Coyle, Brian Edwards, Peter Enos, John Evans, Robin Fletcher-Campbell, Christopher Garforth, William Gee, Malcolm Girdlestone, Gathorne Goodman, Neville Isolani-Smyth, Paul Lucas, Sebastian Maxwell, Richard 31 Meek, Innes Nichols, Gerald Plumbly, Derek Radcliffe, George Robinson, Bill Rosen, Keith Starshak, Joseph Suich, Jerry Swartz, James Thompson, Jeffrey Wright, Michael 1970 (21%) Alexander, John Blatch, William Bobinski, Krzysztof Damon, James Davies, Ceri Hafter, Jerry Hammett, Barry Hughes, Roger Mackenzie, Philip Mies, Richard Openshaw, Peter Piper, Mark Purnell, Chris Roberts, Guy Sandison, Francis Scarlett, John Sheppard, Jim Sich, Andrew Williams, Stuart Wintle, Justin Anonymous Anonymous Anonymous Bell, Nicholas Boucher, Bruce Donovan, Patrick Dudek, Michael Glenday, Ian Greenwood, Gillian Hempenstall, Peter Hollway, David Hulse, Anthony Jackson, Peter Jefferson, Ian ONeill, Jim Parker, David Pearce, David Rubinstein, John Sandeman, Hugh Saville, Iain ter Haar, Roger Thorp, John Woodwark, David Workman, Donald 1968 (28%) 1971 (22%) 1967 (18%) Aldridge, Roland Anonymous Anonymous Anonymous Aubrey, Christopher Aylward, Philip Barton, Mike Busby, Keith Clarke, Ken Cooper, Patrick Cowen, John Cumming, Geoff & Lindsay Dansey, Roger Evans, Gareth Gash, Tony Gilchrist, David Gledhill, Martin Griffith, Gavan Hodgson, Frank Malysiak, James Pethybridge, Eldon Pett, Christopher Phillips, John Roberts, Allan Simon, David Simon, Leslie Soper, Simon Tacon, John Tasker, Peter West, John Winterflood, Richard 1969 (18%) Adams, Christopher Ainley, Michael Anonymous Anonymous Anonymous Anonymous Boyer, Mark Broadbent, Simon Bunch, Nicholas Butt, Stephen Drinkwater, John Elliott, Paul Goulding, Jeremy Henshall, Ian Kennedy, Peter 32 Kent, Graham Leanse, Robin Pauer, Robert Pittard, John Sellers, John Spalding, Nicholas Young, Gavin Adams, Phil Baxendale, James Berrill, Simon Bunch, Timothy Burgoyne, Michael Chapman, Bramwell Cliff, Ian Colchester, Marcus Dickson, Neil Hakluytt, Piers Hall, Jonathan Harrod, David Hart, Robert Hutchence, Keith Hutchinson, Dennis Jackson, Charles Kenny, Michael Kuter, David Magarey, Michael Malcolm, Neil Murdoch, Dugald Olsen, Simon Phillips, David Robb, Graham Robinson, Iain Sharpe, Robert White, Simon Wicks, David Dr P R Young & Ms W Chen 1972 (21%) Albinson, David Anonymous Berzin, Steven Blasius, Don Buchan, James Costa, Robert Drucker, Thomas Ellison, Keith England, William Farnsworth, Susan Gilpin, Martin Hilliard, Ashley Hogarth, Robert Horton, Peter Hughston, Lane Leeks, Clinton McDevitt, Ray Meikle, Douglas Millington, Chris Morinis, Alan Reitmaier, Jurgen Rendell, George Sackeim, Harold Soskin, David & Alexandra Stallibrass, Philip Sutton, Robert Tully, Michael Wilkinson, Lawrence Wollheim, Rupert 1973 (25%) Anonymous Anonymous Anonymous Bennett, Edmund Bernhard, Peter Brewis, David Bricker, Pete Brooks, Steven Christophers, Harry Cooke, David Doak, Colin Edlin, Andrew Ffolkes Davis, Paul Frykman, Gervald Hamer, Michael Harris, Mark Hawkings, Francis Holloway, Mark Holloway, Nigel Howell, Geoffrey Leston, John Martin, Christopher Merry, Malcolm Petkevich, Misha Sawyer, Robert Thompson, Charles Ulman, Craig Wachsberg Meyer, Milton Westbrook, Nigel Young, John 1974 (16%) Anonymous Anonymous Appleton, Richard Brodie, Bill Bucknill, Mark Clay, Jamie Denley, Edward Doyle, John Fergusson, Geordie Halle, Andrew Jewell, Nicholas Joseph, Rick Kempsell, Stewart Macdonald, Alex Newsham, Alec Payne, Nick Perry, David Plews, Martin Smith, Bill Wootton, Robert 1975 (19%) Andrews, David Anonymous Anonymous Anonymous Anonymous Auld, Hedley Baker, John Bell, John Emmott, Bill Feingold, Russ Gisby, Robin Grieve, Dominic Harratt, Philip Haslam, Simon Hastings, Stephen Haverty, Francis Hindle, Peter Jacobson, Jake Liberty, Robert Macdonald, Christopher McCall, Andrew Mitchell, Patrick Newman, Stephen Perry, Stephen Sigerson, Davitt Sweeney, Tony Wallington, Lawrence White, Jack Willan, Philip 1976 (19%) Anonymous Ashcroft, David Barr, Robbie Browne-Wilkinson, Simon Carpenter, Tim Gill, Jeffrey Gillies, John Graham, Gavin Grayling, Anthony Greenwood, Nick Gregory, Robert Jay, John Kullmann, Dimitri Lawrence, William Madelin, Robert Merritt, Michael Mussared, Mark Nelson, Steven Parkes, Michael Peterson, Bob Piper, Andrew Roberts, David Sackville (7th), Robert Scarborough, Andrew Scott, Tom Silvius, Jim Target, Laurence van Terheyden, Graham Walsh, Kevin 1977 (23%) Amor, Nicholas Anonymous Anonymous Anonymous Anonymous Anonymous Artus, Colin Atkinson, Mark Baker, Dominic Boodle, John Borthwick, Timothy Burgess, Nicholas Cooke, Richard Crowden, James Dunn, Anthony Fagre, Nathan Floras, John Fowles, Mark Garratt, Clifford Garrett, David Holmgren, Douglas Kehoe, Dennis King, Rufus Macfarlane, Ben McGee, Andrew Parker, Steven Sundstrom, Lars Tosetti, Paul White, Christopher Williams, Christopher Yendle, Peter 1978 (22%) Anonymous Aspin, Andrew Bare, Martin Cox, Ray Davies, Mathew Dethridge, Ian Fox, Joe Harvey, Peter Huscher, Dusty Johnston, Kevin Kennedy, John Malpas, Tim Meath Baker, Clovis Oliver, Warren Ortiz, Daniel Rea, Jennifer & Philip Richardson, Simon Rivington, James Robbins, Giles Rothwell, James Sayers, Nick Scurlock, Jonathan Shaw, Nigel Sheldon, Mike Soare, Vernon Sturley, Michael Veitch, Julian Watson, Gregory Wong, Gordon Clarke, Peter Cross, James Dean, Joanne Esler, Professor P F Fawden, Caspar Godbeer, Richard Jacobs, Deborah Kristof, Nicholas Mackenzie, Derek Majeed, Javed Marseglia, Giovanni Mawby, Stephen Micklethwait, John Pereira, Stephanie (née Lovegrove) Phillips, Tom Potts, Rosalind Price, Max Rakowski, Eric Richards, Terence Robson, Lorna (née Currie) Sanders, Catherine Stoddart, Michael Walker, Richard Wilding, Jeremy 1979 (14%) 1982 (16%) Anonymous Barnes, Durell Browne, Adrian Campbell, Robert Clement-Davies, Christopher Cowan, Ralph Cozens, Charles Cumming, Carol (née Philips) Cutler, David Hammond, Mark Hoyle, Nicholas Leung, Janny Matthews, Craig Morris, Peter Potts, Stephen Rock, Stuart Slatter, Frans Statham, Geoffrey Taylor, Thomas Walton, Sue Wilson, Colin Watson, Sally (née Drewery) 1980 (14%) Anonymous Berthoud, Colin Butcher, Christopher Cartwright, Paul Clay, Hugh Codd, Ian Cooke, Elizabeth (née Coppin) Cooper, Alan Davis, Oliver Eldridge, James Foster, Norman Guerreiro, Matthew Holland, Sarah Hughes, Richard Jackson, Dominque Jetmundsen, Norman Kenney, Sally Lavelle, Liam Lord Milford (Guy Wogan Philipps) Millington, Jayne Morrison, Neil Sanders, Mark 1981 (17%) Anonymous Anonymous Barnett, Danny Bennet, Margaret Clarke, Owen Anonymous Anonymous Anonymous Anonymous Benjamin, McDonald Clark, Bernard Clark, John Doran, Eamonn Esler, Mrs P K Fitter, Simon Handley, Keith Heard, Dwayne James, Christopher Jeffett, William King, Richard Lloyd, David McBeth, Christine McMahon, Jim Munro, Stewart Paschen, Elise Patterson, Thomas Philbin, Daniel Seth, Catriona Siebel-Achenbach, Sebastian Thornhill, John 1983 (12%) Anonymous Axworthy, Sally (née Hinds) Ferraris, Andrew Foxton, David Gibbon, Michael Gough, Roger Guppy, Darius Higgins, Rose-Anna (née Tait) Hughes, Michael Hyman, Spencer Krislov, Marvin Lesser, Seth Lobbenberg, Nic Meredith, Anna Michell, Vaughan Morehouse, Dave Murdy, Chris Parsons, Paul Robinson, Andrew Swales, Nicholas Thornhill, Carol (née Giblin) Wedgwood, Ralph 1984 (22%) Aslanidis, Charalambos Beech, Tim Betts, Julian Cox, Tim Duggan, Robin Edwards, David Eykyn, George Fenton, Dan Garcia, Louise Golding, Mark Hagan, Rachel (née King) Hanna, Jane Hardy, Justin Hodson, Robin Jenner, Kris Kennedy, Amelia (née Reynolds) Lüthy, Christoph Masters, Steve Morley, Harry Muldowney, Mark Muldowney, Rebecca Norris, Jonathan Oliphant, Catriona Orteu, Daniel Powell, Tom Redfern, Dominic Reid, Anna Reininger, Francis Smith, Julian Stubbs, Carolyn Thrower, Simon Tompsett, Stephen Wade Gery, Laura Wyver, Wendy 1985 (16%) Anonymous Anonymous Carver, Dr R H Doyle, Timothy Farbey, Judith Gudbranson, Robert Guthrie, Neil Haigh, Claire Holliday, Susan Hopson, Jonathan Lighton, Julian Lloyd-Jacob, Campaspe Newman, Helena Norris, Rachel Pisini, James Pluckrose, Anthony Ramanauskas, Sarah (née Stephenson) Rees, Henry Roberts, Mark Ryan, Jeremy Shaw, Edward Sutherland, Paul Taylor, Roy Wadman, Meredith Warner, Charlotte Weale, Simon Wrigley, Jed 1986 (20%) Anonymous Anonymous Anonymous Bonsu, Henry Brown, Fiona (née Simpson) Brown, Julian Buckley, William Burden, Andrew Burnett-Hall, John Chamberlain, Timothy Chapman, Craig Crotty, Philip Culhane, Stephen Day, Josie Eastwood, Harry Eaton, Nigel Foxton, Heather Griffin, Alistair Ivermee, Stephen Kelliher, Cathra (née Horrobin) Levitt, Matthew Leydecker, Karl Manley, Simon Marshall, Nicholas Melamed, David Munro, Peter Nell, Adam Olavesen, Nicole (née Borg) Shah Zeeman, Monica Singh, Baljit Sutton, Simon Wood, Sarah Zaranko Carver, Mrs A 1987 (15%) Anonymous Anonymous Anonymous Anonymous Anthony, Jane Bailey, Andrew Bracey, Vicky (née Wild) Burns, Jennifer Cheah, Eu-gene Coe, Natalie Coghlin, Louise (née Dughan) Forster, Jane (née Highe) Forster, R H Gotto, James Kenyon, Simon Marson, Philip Mawhinney, Stephanie (née Panting) Milhofer, Mark Moody, David Nishida, Naohiro Sanderson, Florence (née Wilcock) Smith, Brian Stephens, Rob Truman, John Williamson, Magnus 1988 (14%) Anonymous Brew, Robert Cara, David Coates, David Copeland, Martin Cousins, Peter Curtis, Mark Dent-Young, Jennifer (née Eachus) Downes, Paul Duckworth, Alistair Dumoulin, Karl Elkington, Paul Garbutt, Carol Graham, Alastair Graham, Lindsay (née Hawarden) Griffiths, Jane Hartley-Brewer, Julia Heather, Mark Hipgrave, J W McClean, Michael Pay, Matthew Peters, Christopher Poole, Anna Richardson, David 1989 (16%) Anonymous Anonymous Anonymous Blaze, Robin Brumm, Nicholas Burnett-Hall, Graham Carroll, Daniel Crowther, Daniel Doolan, Lita Edmunds, Huw 33 Heath-Schug, Sharon Higgins, Daniel & Jackie Jones, Emma Kelly, Anthony Ma, Tony Martineau, Luke Mason, Alexandra Moore, Tim Morpeth, Sarah Mount, Harry Riley, John Russell, Elizabeth Shah, Milan Slater, Timothy Smart, George Stratford, Phil Threlfall, Nicola (née Firby) Valente, Claire Vinader, Gabriela Watkin, Timothy Wickham, Andrew Wood, Nathan 1990 (14%) Anonymous Anonymous Baines, Simon Berman, Allegra Bradshaw, Charlotte (née Bidwell) Dalton, Barney Dr Liz Miller & Dr Peter Othen Everest-Phillips, Yoko Dochi Fernandes, Helena Fox, Christopher Garnsey, Monica Henry, Paul Howells, Katherine Kenny, Julian Kumar, Pankaj Lambert-Christie, Sarah Lee, SK Lettow Lerner, Renee Lowe, Bethany Mansi, Christopher Matthews, Victoria (née Lewis) McNall, Christopher Morrison, Kate Nuthall, Hugh Poles, Mark Reavley, Morag Reilly, Nicholas Rowe, James Sengpiel, Frank Smart, Sarah (née Hood) Smart, Sasha (née Slater) Tidswell, Dougald Toube, Felicity Witt, Catherine 1991 (19%) Bailey, Jennifer Berry, Amanda Cashmore, Marc Clark, Rachel Drake, Liz Dyson, Steven Forward, Daren Hanif, Farooq Irwin, Philip Krinks, Philip Leffler, Melissa (née Simons) Lickman, Paul Nash, Victoria Norman, Gethin Shapiro, Leonid Southby, Peter Stark, Leonard Staton, David Weir, Gavin 34 1992 (14%) Anonymous Anonymous Baird, Lou (née John) Bamert, Gregor Bousfield, Juliet (née Godwin) Chung, Yoon Fouzanet, Isabelle Johnson, Laurent Kojima, Tosh Leschziner, Guy Leung, Raymond Masefield, Roger Meikle, Louise (née Stoker) Melford, Clare Morris, Jon Norris, Lynn (née Gordon) Peters, Anne Pillow, Nathan Power, Glen Rayfield, Ben Reeves, Emma Ryan, Paul Sloss, John Thomson, Aidan Timmins, Jody (née Seim) Tomlinson, Michael Thrush, Emma (née Cooper Tarry) Wakely, Alice Whiley, Dan Willems, Zoe 1993 (14%) Anonymous Anonymous Anonymous Anonymous Anonymous Anonymous Boda, Asif Coombes, Matthew Drexler, Michael Freeman, Tobe Guy, Matthew Hoile, Christopher Lawson, Matthew Mann, Christopher Mansfield, William McHugh, Deanna Morantz, Alison Mumford, David Ouiles, Maryam (née Knight) Pakrashi, Tapesh Staples, David Stickings, Gillian (née Naden) Webberley, Julia (née Magro) Woon, Wui 1994 (22%) Adams, Jim Anonymous Anonymous Black, David Bower, Oliver Bristow, James Clear, Philip Coppo, Alessandro Cronin, James D’Andrea, Christian Harris, Hugh Hartemink, Alex Jensen, Olivia Khetia, Kiran Lawson, Shelley (née WilsonWebb) Leveugle, Lucy Martin, Jonathan McCaw, Chas Nair-Roberts, Radha Nuttall, Jennifer Pachter, Gillian Pate, Catherine Pattison, Alex Peck, Adrian Rawlingson Plant, Danièle (née Reiber) Reardon, Madeleine Reid, Mike Scottow, Adrian Shirbon, Estelle Snell, Arthur Somers, Charles Stanier, Robert Turner, Simon Wallace, David Wooltorton, Simon 1995 (20%) Anonymous Anonymous Anonymous Anonymous Armstrong, Naja Bailes, Mary Campana, Andrew Campbell, Ollie Campy, Paul Cartmill, Ian Chalk, Alex Charlton, Caroline Chrishan, Vathany (néeVijayaratna) Davies, Rhodri De Jongh, Alex Dunlop, Rory Elias, J Elias, N J (née Parish) Elliott, Mark Flagg, Timothy Gadd, Christopher Geronimus, Dennis Gulston, Melanie Hampshire, Edward Hardy, John Jones, Benjamin Malone, David Marshall, Thomas McAnerney, Andrew Miller, Charles Morrison, James Ng, Jimmy Nowak, Lucas Porter, Andrew Shuckburgh, Aniela (née Waitt) Smith, Christopher Stickings, James Symons, Digby Thaker, Shail Tuff, Alexandra (née Hemming) 1996 (12%) Anonymous Anonymous Anonymous Anonymous Anonymous Blackburne, Sue (née Phillipson) Chaplain, Helen (née MacQuire) Chelmick, Tim Clarke, Georgina Heupel-Reuter, Miriam Hewett, Cecilia (née Howard) Kelly, Gavin O’Brien, Caitlin O’Connell, Jeffrey Smith, Richard Sohmen, Philip Starmer, Jessica (née Pennant) Weir, Alexander Westerling, Tom Yates, Patrick 1997 (14%) Anonymous Arasu, Aruna Boddy, Alexander Brunner, John Deakins, Paul Fahy, Billy Frost, Adrian Golaszewski, Jan Harrison, Joanna (née Orpin) Herrhausen, Anna Hinch, Jim Ireland, Adam Johnson, Ben Kolczak, Sophie Landles-Dowling, Libbie Loveridge, Joanne (née Telford) Pett, Rosalind Quinney, Nicola Rudman, Richard Sage, Emma Slater, Kate (née Cramp) Smith, Alison Tassell, Olivia (née Flood) Unwin, William Wellesley, Rosanna 1998 (13%) Anonymous Anonymous Antcliffe, Catherine Asch, Thomas Ashton, Henry Behrenbruch, Christian Bloomfield, Daniel Burke, Gideon Catto, Al Fitzgerald, Desmond Gunnell, Jojo Harrison, Niall Hensman Moss, Davina Jones-Pritchard, Georgina Kendrick, Leslie Meredith, Mark Milne, James O’Dwyer, Paul Patel, Sufiya Petej, Ivan Sibony, Olivia Wagner-Rundell, Benedict Windsor, Freddie Wood-Kaczmar, Alison 1999 (19%) Allen, Edward Amraoui, Tom Anonymous Anonymous Anonymous Braswell, Sean Bryden, Christopher Burch, Nick Crawford, Catherine (née Evans) Dent, Chris Dgebuadze, Emily Field, Duncan Forsey, Helen Griffin, Emma-Louise Harding, Beth Hargreaves, Dominic Harland, Clare (née Yeowart) Hermes, Steve Hezky, Jodi (née Swidzinski) Knight, Jonathan Livesley, John Marcus, Rachel McAleese, Ruairi McGurk, Katharine (née Radice) Moessle, Claus Peel, Daniel Riddell, Anna Sander, Ruth Saunders, Philippa Schmitt, Anouska Whitaker, Tara White, David Wood, Tom Woods, Simon Young, Evan 2000 (19%) Abraham, Philip Anonymous Barber, James Chapman, Heather Clark, Helen Da Costa, Nikki Dallimore, Chloe Dare, Natasha East, Philippa Fee, Conor Ferreira, Ian Hanna, Ronan Helme, Ned Kemp, Victoria Maskell, Jennifer Mawdsley, Richard Neicho, Josh Nyatta, Inosi Owen, Jonathan Pantelli, Helene Pullen, Katy Richards, Tom Rigby, Timothy Robbins, P M Rothschild, Gerard Sandford, Laura Stevens, Benjamin Tao, Sam Viswanathan, Arjun Walshe, Barbara Watson, James Williamson, Elly Woollard, Fiona 2001 (14%) Anonymous Anonymous Anonymous Anonymous Browning, Lindsay (née Robinson) Collins, Helen (née Walker) Cooper, William Croft, Hannah Febrer, Yvalia Green, Emma Holdcroft, Jason Langenhan, Tobias Lazarus, Julia Morris, Henry Muralidhar, Balaji Napier, Fionn Nguyen, James Olliff-Cooper, Jonty Riddiford, Alex Robertson, Graeme Smith, May Spiridon, Anca-Maria Stuart, Duncan Tulloch, Caroline Willis, James 2002 (16%) Anonymous Anonymous Anwar, Sabina Beadle, Anna Bloch, Alexander Cairns, Jess Edwards, William Gardner, Vicky Guelff, Christopher Hasler, Daniel Hudson, Katherine Jopling, Helena Kaufman, Zachary Machacek, Ian Maine, Thomas Maltzer, Eric McKay, Fiona Mendham, Andrea Rassam, Noor Reynolds, Cate Simmonds, Christopher Spero, Josh Stern, Marvin Steven-Wheeler, Megan Thomas, C R Tully, John Underwood, Miles Zauchenberger, Mickael 2003 (11%) Alexander, Graham Anonymous Anstess, Iain Bielinska, Anna-Maria Chandra, Emma (née Jenkinson) Chandra, Varun Clark, Tamsyn (née Allen) Dickson, Jon Doyle, Holly Fairbairn, Susanna Gregory, David Jones, Gareth Le Cras, Alan Levine-Gronningsater, Sarah Longworth, Kate Olding, Kevin Olney, Mr R Olney Rooney, Louis Smithies, Deborah Strong, James van Boxel, Gijsbert Wright, Charlotte (née Miles) 2004 (9%) Anonymous Chapman, James Evans, Joel Grinsell, Scott Grist, Hannah Hawkins, Naomi Hopkins, James Killicoat, Phillip Maddox, Adam Munday, Frederick Nelson, Adam Rutter, Esther Shah, Jeniv Shi, Wen Simon, Keira (née Driansky) Simpson, Iain 2006 (6%) Bradford, Jessica Chapman, Jenny Hook, Chris Joseph, Magdalene Kirsch, Guillaume Lees, Greg Lung, Stephanie McCurrach, Timothy McLarin, Tony Meghji, Aleem Miller, Jeffrey 2007 (4%) Anonymous Cumber, Hugh Janssen, Arend Orton, Matt Parry, Rachel Rodenhausen, Anselm Sauter, Viktoria 2008 (3%) Garner, Phil Lang, Gemma Meakin, Tom Nord, Camilla Woodward, Tom 2009 (2%) Ball, Erik Field, Marcus 2010 (0%) 2011 (1%) Palay, Adam Friends of Magdalen, Fellows and Emeriti Anonymous Ms D Austin & Mr A Nurick The Estate of Iris & Leon Beghian Blandford-Baker, Mark Bork, Reinhard Bowman, Joel Briggs, Adrian Broadbent, Rosemary Chandris, John Chevron Texaco Corporation, Denison, Dulcie Dreyfus, Laurence Google, Griffin, Tim Harris, Graham Jackson, Heather Kolczak, Raymund Lord Merthyr Fund (Community Foundation in Wales) Mathias, Anna McCall, Marsh McVaugh, Michael Medimmune Inc, Zvi & Offra Meitar Family Fund Mountfield, Anne (née Newsham) Murphy, Jonathan New Quadrant Foundation (Roger Michel) O’Brien, Paul Pellegrino, Sergio Pichey, Martha Plunkett, Robert Rainey, Sean Reed, Richard Rose, Jonathan Roth, Alan Rouquier, Raphael Rowe, David Schultze, Clemence Shield, Juliet Slater, Niall Letellier, Saira (née Uppal) Vision Capital Vu, Victor Vulcan Materials Company, Young, Louisa Zanganeh, Morteza 2005 (7%) Adair, Lauren Bellamy, Ben Clary, David Jennings, Venetia Jones, Gareth Lowe, Jonathan Martin, Natasha (née Li) Ogden, Richard Schwarzlander, Markus Shenderov, Eugene Siah, Jonathan Thomas, Harry van Emde Boas, Evert 35 Making a Gift MAKING A GIFT If you do not already give to Magdalen then we hope you will consider supporting your College in the future. Your gift can be allocated to a particular fundraising campaign or to an Annual Fund If project you do not already give(Promoting to MagdalenAcademic then I of your choice hope you will consider supporting your College Student Support, Buildings inExcellence, the future. Your gift can be allocated to a and Grounds, Sports and SocietiesorortoChapel and particular fundraising campaign an Annual Choir). If you choose not(Promoting to specify Academic a project, Fund project of your choice Excellence, Support, Buildings and then yourStudent donation will give the College Grounds, and Societies or Chapel ultimateSports flexibility in allocating yourand gift to Choir). If you choose not to specify a project, the area of greatest need. then your donation will give the college ultimate flexibility in allocating your gift to the area of Gift Aid greatest need.and Tax Benefits Donations from UK Taxpayers benefit from gIFtaIDanDtaxBeneFIts the government’s Gift Aid Scheme. For every Donations fromthe UKCollege Taxpayers the of £1 donated, canbenefit claim from 25 pence government’s Gift Aid Scheme. For every £1 tax at no additional cost to you. Thus a gift of donated, the College can claim 25 pence of tax at is worth to Magdalen. no£100 additional cost£125 to you. Thus a gift of £100 is Single and Regular Gifts Single and regular gifts can be made by standing order, by cheque (payable to Magdalen College, Oxford), or by credit or debit card. Regular gifts can be arranged for any length of time, either monthly or annually, giving the benefit of a predictable flow of income to Magdalen over the medium term as well as spreading the cost of the gift. Making a Gift On-Line Either single (by credit card) or regular gifts (by credit card or direct debit) with Gift Aid can be made using the University of Oxford’s on-line giving facility at: www.giving.ox.ac.uk/ colleges/magdalen_college.html Stocks and Shares Giving shares is one of the most attractive methods of maximising the benefit to Magdalen and minimising income and capital gains tax liability to the donor. Gifts of shares are free of Capital Gains Tax on accumulated value, and the worth £125 to Magdalen. donor may set the full value against his or her sIngleanDregulargIFts The table below illustrates the benefit of the Income Tax liability, thereby gaining a double The table below illustrates benefit of the and regular can be by standing Government’s Gift Aid the Scheme and how your Single advantage. The gifts College canmade provide a simple Government’s Gift Aid Scheme and how your gift order, by cheque (payable to Magdalen College, gift can be spread over several years: form and guidance for such transfers although can be spread over several years: Oxford), by credit or debit card, or by standing we recommend you consult your financial order. Regular gifts can be arranged for any adviser, as the benefits of this way of giving length of time, either monthly or annually, giving will Annualgift Addgift Costto Total thedepend benefit on of ayour predictable flow of income to own personal circumstances aid(25p donorafter valueof Magdalen the medium term as well as forevery 5years giftto and tax over situation. £1donated) College after5years £40 £50 £200 £250 £400 £500 £2,000 £2,500 £4,000 £5,000 £20,000 £25,000 £40,000 £50,000 £200,000 £250,000 Higher rate payers benefit Higher rate taxtax payers can can alsoalso benefit fromfrom tax relief by by claiming back the difference between tax relief claiming back the difference the higher rates of tax at 40 or 45 per cent and between the higher rates of tax at 40 or 45the per basic rate of tax at 20 per cent on the total value of cent and the basic rate of tax at 20 per cent on their gross donation. the total value of their gross donation. More information is available at: www.hmrc.gov.uk/individuals/giving/gift-aid.htm More information is available at: www.hmrc. 36 gov.uk/individuals/giving/gift-aid.htm spreading the cost of the gift. Legacies maKIngagIFton-lIne You single may like helpcard) make difference to the Either (by to credit or a regular gifts (by credit card but or direct debit) with Gift Aid can be College feel unable because of financial made using theLeaving University of Oxford’s constraints. a gift in your on-line will could giving facility at: www.giving.ox.ac.uk/colleges/ be the answer. It offers a unique opportunity to magdalen_college.html make a significant impact. It is also a highly tax efficient way of supporting Magdalen. However, stocKsanDsHares we recommend independent legal advice is Giving shares is onethat of the most attractive methods of ensure maximising benefit Magdalen taken to that athe legacy is to made in the most and minimisingand income and capital gains tax appropriate tax-effective way. Legacies are liability to the donor. Gifts of shares are free of simple to put into effect by adding a codicil or Capital Gains Tax on accumulated value, and a revision will. All those themaking donor may set the to fullyour value against his who a bequest to the College invited or make her Income Tax liability, thereby are gaining a to join the Fastolf Society receivecan special benefits as double advantage. Theto College provide a simple formFor andfurther cost-free procedure for such contact legators. information please transfers although weOffice. recommend you consult the Development your financial adviser, as the benefits of this way of giving will depend on your own personal circumstances and tax situation. COMMITTEE MEMBERSHIP on 31st December 2013 Giving from Abroad Tax-efficient giving from a number of countries is now possible. Please visit the College website (www.magd.ox.ac.uk) or contact the Development Office for more details. Gifts from members who pay tax in the United States can be made using the ‘Americans for Oxford’ on-line giving facility at: www.oxfordna.org/giving_how.htm Gift Forms Unless you are making a gift by credit/debit card online then please complete and return a gift form (enclosed) with your donation to the Development Office. We ask that alumni do not send completed gift forms to us by email, as this is insecure and may compromise your bank details. If you require any assistance in making a gift to the College then please do not hesitate to contact the Development Office: The Magdalen College Development Office Email: development.office@magd.ox.ac.uk Tel: +44 (0) 1865 286682 Thank you for supporting Magdalen. The Development Trust The President, Prof David Clary Miss Allegra Berman, 1990 Dr Paul Beckwith, 1979 Mr James Cronin, 1994 Mrs Emma Davies, 1995 Dr Barbara Domayne-Hayman, 1980 Dr Christine Ferdinand (Fellow) Mr David Foxton, QC, 1983 Dr Toby Garfitt (Fellow), 1970 Mr Simon Haslam, 1975 Mr Antony Hichens, 1956 Dr Jan Hruska, 1979 Lord Jay (Michael), 1965 Mr Mark Loveday (Chairman), 1962 Mr Rory Maw (Fellow and Bursar) Mr Mark Mussared, 1976 Dr John Nightingale (Fellow), 1978 Mr Trevor Pitman, 1977 Mr Anthony Todd, 1979 Ms Felicity Toube, QC, 1990 The Investment Committee The President, Prof David Clary Mr Stephen Butt, 1969 Mr Peter Davies, 1990 Professor Alison Etheridge (Fellow) Mr Rory Maw (Fellow and Bursar) Mr Jeremy Palmer (Chairman), 1974 Mr Bertie Ross Professor Nicholas Stargardt (Fellow) Mr Jed Wrigley, 1985 37 If you require any further information about development and alumni relations then please contact: Design: www.harveygraphic.co.uk Edited by Marilyn Bowler Print: Mayfield Press The Development Office Magdalen College Oxford OX1 4AU Email: development.office@magd.ox.ac.uk Tel: +44 (0) 1865 286682 Magdalen College: Registered charity number 1142149
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