Economics United Kingdom

Music mogul’s Oxford legacy

Atlantic Records founder gives £26m for humanities scholarships at university

The widow of Ahmet Ertegun (1923-2006), the co-founder of Atlantic Records who developed the careers of Led Zeppelin, the Rolling Stones and Eric Clapton has given £26m to Oxford University.

The money will fund a graduate scholarship program that offers awards in a range of humanities subjects including art history, music, Asian and Middle Eastern studies. The scheme will begin with 15 awards a year but the plan is to increase this to 35 in the future.

The gift will also finance a study centre, which is due to open in September in a five-storey Georgian building in Oxford. It was partly funded by money raised by the Ahmet Ertegun Education Fund, which supports scholarships in the UK, the US and in Turkey, where Ertegun was born.

In 2007 Led Zeppelin performed a reunion concert to raise money for the cause.

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