Atlantic Records Founder Leaves £26m To Oxford Universtiy

The founder of Atlantic Records, Ahmet Ertegun, has bequeathed £26 million to Oxford University. The university this morning confirmed the gift given to them from the late Atlantic founder and his widow.

Some of the fortune given by Mr Ertegun will go to a major new graduate scholarship programme, this represents the largest donation for humanities in the university’s 900-year history. Ahmet and his widow Mica will also give their name to a programme offering 15 yearly scholarships.

The chancellor of the University of Oxford, Lord Patten said: "This kind of support for postgraduates is vital for the future of research and human understanding, and vital for the future of great universities like Oxford. It allows us to ensure that the very best minds are supporting the university's research endeavour now and will be the cutting edge researchers of the future."

Ahmet Ertegun’s widow, Mica, said, "For Ahmet and for me, one of the great joys of life has been the study of history, music, languages, literature, art and archaeology.

My dream is that, one day, Ertegun scholars will be leaders in every field – as historians and philosophers, as archaeologists and literary scholars, as writers and composers, as statesmen and theologians."

"At a time when, in the UK, government support for the humanities is under intense pressure,” said Oxford’s vice-chancellor, Andy Hamilton, “vision and generosity like this is going to be what saves the field for future generations."

All recipients of the award will get exclusive use of the Mica and Ahmet Ertegun House for the Study of the Humanities, a five-storey building in the heart of Oxford.


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