Wealth
With fixed assets worth slightly more than £43.5m and land insured for approximately £72m, Fitzwilliam is well below average in terms of college wealth. It is the poorest college to have been established in the last half-century, and does not have the financial reserves that are typical of some of the older colleges. In 2006, a report published by Varsity revealed Fitzwilliam to be the 31st wealthiest of Cambridge's 31 colleges. The report also revealed that the college earns almost half a million pounds a year from conference accommodation and another £17 000 from its laundry service.
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Famous quotes containing the word wealth:
“Wars and revolutions and battles are due simply and solely to the body and its desires. All wars are undertaken for the acquisition of wealth; and the reason why we have to acquire wealth is the body, because we are slaves in its service.”
—Socrates (469–399 B.C.)
“In general, Russia suffers from a frightening poverty in the sphere of facts and a frightening wealth of all types of arguments.”
—Anton Pavlovich Chekhov (1860–1904)
“What potent blood hath modest May;
What fiery force the earth renews,
The wealth of forms, the flush of hues;
Joy shed in rosy waves abroad
Flows from the heart of Love, the Lord.”
—Ralph Waldo Emerson (1803–1882)