Finances
In 2005/06 the University had an income of £608m, and the colleges £237m (of which £41m is a flow-through from the University). For the University, key sources were HEFCE (£166m) and research grants (£213m). For the colleges, the largest single source was endowments and interest (£82m) and residential charges (£47m). While the University has the larger operating budget, the colleges have a far larger aggregate endowment, at around £2.7bn compared to the University's £900m. The Central University's endowment, along with that of many of the colleges, is managed by the University's wholly owned endowment management office, Oxford University Endowment Management, formed in 2007.
The University also launched a fundraising campaign in May 2008, called Oxford Thinking – The Campaign for the University of Oxford. With a minimum goal of £1.25 billion, the Campaign is looking to support three areas: academic posts and programmes, student support, and buildings and infrastructure.
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