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Difference between endowment and budget? watch

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    Cambridge has a 6.3 Billion GBP for endowment, but a 1.6 Billion GBP for budget.

    Are both of these part of the university's total funds?

    Imperial has an endowment of 141 million GBP, but a 1 billion GBP budget.

    Can anyone shed light? One has a higher budget than endowment and one has the reverse?
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    Think of endowment as savings, often coming from donations from former students.

    Think of Budget has coming from a Universities Income, tuition fees, govt fees, rents from students and shops on campus etc
 
 
 
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