VC Rory Brooks on philanthropy

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UNIVERSITIES facing the new funding regime are seeking to attract more cash from rich donors, but they must not use this money to “paper over the cracks” in their budgets.

That’s the view of Rory Brooks, a venture capitalist who has endowed the Brooks World Poverty Institute at the University of Manchester with £3m over the past six years.

Speaking to TheBusinessDesk.com Mr Brooks, a founding partner of London-based MML Capital Partners, said philanthropic giving will form a major part of institutions’ stategies, but donors want to see their cash make an impact, particularly in the fields of research and access to higher education by people from lower incomes.

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