- Doesn't Trinity Hall have an endowment? Why does the College need money?
- There is considerable strain on our endowment as it has to subsidise the cost of educating all of our students (~£5,000 per undergraduate per year), this educational deficit totalled £2.63 million in 2015/16. The nature of the Oxbridge supervision system increases the cost of educating our students by around 25% when compared with other UK universities. Income from the endowment also has to cover everyday running costs including maintenance of our buildings and provision of salaries, as well as funding bursaries and resources for the students. Markets are volatile and the value of the endowment is subject is change.
- Doesn't the higher tuition fee mean you have more money now?
- Despite the increase in fees to £9,000, there is still a shortfall between the income from government contribution and fees, and the amount it costs to educate students. This is because government funding (the HEFCE T-grant) has been reduced dramatically. The College still has to subsidise the cost of every student’s education every year. The agreement with OFFA which permits the University to charge £9,000 also means that a proportion of the fee will be spent on access and outreach initiatives.
- Does Trinity Hall invest its money wisely?
- The College has an investment committee made up of Fellows, asset managers and independent Professional advisers who offer neutral advice. We have diversified our portfolio and have increased transparency in terms of College’s accounts and investments. The portfolios have outperformed their underlying markets in recent years. Over the past ten years the College’s return on investment has outperformed the WM Index for Charities and is one of the highest amongst all the Colleges.
- Doesn't the Fellowship cost a lot of money?
- The majority of Trinity Hall Fellows are University Teaching Officers so the College only provides office space and pay for supervisions. Trinity Hall Fellows often have numerous College responsibilities as part of their role.
- Can't some of the richer Colleges help others?
- The “University Contribution” ensures that the wealth of some of the “least poor” colleges is given annually to those that are poorer. This redistributes £3 million per year to the poorer Colleges; Trinity Hall is a net giver to this scheme. Our neighbour, Trinity College does have a larger endowment than all the other colleges and distributes hardship monies to students of all colleges via the Newton Trust.
- Doesn't Cambridge University has sufficient resources already?
- Cambridge is one of the least well resourced of the world's top ten Universities. Less than 3% of the University's annual expenditure in 2012/13 was funded by the endowment, compared with figures of 57% at Princeton, 39% at Harvard and 23% at Stanford.
- If I can only give a small amount, will that really make a difference?
- Yes - every contribution does help. Twelve telephone campaigns have together raised over £2.5 million. This has enabled us to refurbish the Crescent room, new JCR and P & G staircases; to help alleviate student hardship within College, to improve resources for certain subject groups; to provide choral scholarships and also to assist college sports teams with purchasing new equipment. If every alumnus gave £20 per month it could cover the costs of the shortfall between income from fees and costs of educating students, which is currently met by using income from the endowment.
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