The University of Oxford has announced it has raised $100-million in the past year for its James Martin 21st Century School, thanks to a $50-million challenge grant from its founder, according to The Chronicle of Higher Education.

James Martin, a British technology giant, graduated from Oxford’s Keble College in 1955 and established the 21st Century School in 2005.

When he announced the matching grant last year, he said that most people told him that, given the state of the economy, he would never get enough donors to give.

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