At present, only two of our sixteen Junior Research Fellows are funded through ring-fenced philanthropic donations, with one of these Fellowships funded only for a single four-year term.
Whilst we have no ambitions to fund all of our Junior Research Fellowships through philanthropic giving, our ambition is to fund four of these positions through donations to the College, i.e. one new JRF each year, in a range of disciplines. One of these Junior Research Fellowships will be created as part of the Turing Initiative, for researchers working in the fields of computer science, biotechnology, mathematics and mathematical biology, and the history and politics of gender and sexuality.
The cost of a Junior Research Fellow to the College stands at £40,000 per year for a non-residential Fellow, and £45,000 for a Fellow living in College accommodation. £30,000 of this acts as an annual stipend, with a further £10,000 available for associated costs. As a result, one four-year term at an average of £42,500 can be funded for £170,000.
Of course, it is naturally our ambition to secure long-term funding in order to endow these positions in perpetuity. An endowment of £1,269,000 will fully fund one Junior Research Fellowship, and of course brings with it the right of the donor to name the Fellowship.
It is the education experienced by exceptional undergraduate and graduate students and delivered by a remarkable Fellowship – in these noble buildings, on this site right at the heart of the town, right at the heart of a great University - that continues to nurture intellects and imaginative artists who leave lasting marks on the world.
- Professor Michael Proctor