A new Institute of Charity (OIC) is to be hosted at New College, Oxford University, a collaboration between the College and Charity Futures, the Third Sector think tank.

Work at OIC will begin in June with the development of a strategic fundraising plan. OIC will undertake a global search for a single £30 million endowment to deliver a sustainable annual income.

It is anticipated that the Institute will open its doors in the summer of 2022 in a purpose-built home on a newly developed part of the college site.

OIC will aim deliver high calibre academic research to be used by the global charity community, promote the importance of research and study of charity, both at post-graduate and undergraduate level, in universities more generally. In addition, it will develop networks and foster links internationally, digitise charity records to assist with wider research and study and organise conferences and summer schools for UK and global academics, philanthropists, corporate donors and leaders of civil society.