The real reason Stephen Schwarzman gave Oxford £185 million was bigger than academics

The first reaction to Oxford University’s announcement regarding the creation of the Schwarzman Centre for the Humanities in support of the project by Stephen Schwarzman was an emphasis on its cost – the £185 million donation from the American businessman made it the largest individual donation in the institution's recent history. However, the long-term impact of the project is not confined to the amount of money that has been invested in it.

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