The comeback concert staged by Led Zeppelin at London’s O2 Arena in 2007 will have a significant impact on education funding, it turns out. Proceeds from the event, staged as a tribute to the late Atlantic Records founder Ahmet Ertegun, comprise the bulk of a sum of $45 million that’s being donated by Ertegun’s widow, Mica Ertegun, to Oxford University. The donation, which is the largest in the University’s 900-year history, will be used to set up the Mica and Ahmet Ertegun Graduate Scholarship Programme in the Humanities.
As reported by London’s Daily Mail, Led Zeppelin’s John Paul Jones attended the program launch, saying he was “very proud” of how the money was being used. Mica Ertegun said, “For Ahmet and for me, one of the great joys of life has been the study of history, music, languages, literature, art and archaeology. In these times, when there is so much strife in the world, I believe it is tremendously important to support those things that endure across time, that bind people together from every culture, and that enrich the capacity of human beings to understand one another and make the world a more humane place.”