Anonymous donor causes alarm
The funding agreement for the new City of London Academy Islington in north London is expected to be signed soon by Jim Knight, the schools minister.
Details of the donor's request to remain anonymous only emerged because of a Freedom of Information Act enquiry by Ken Muller, a local teacher.
Islington Green's interim headteacher, Chris Walford, said he did not see a problem with a university using anonymously donated money to back an academy.
He said: "It is not unusual for universities to do this, and there are understandable reasons for a donor not to want their name revealed."