Crossword Genius

Donation from British university in remorse (12)

Ross

I believe the answer is:

contribution

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'donation' is the definition.
(synonyms)

'british university in remorse' is the wordplay.
'british university' becomes 'bu' (this could be a standard abbreviation of which I'm unaware).
'in' is an insertion indicator.
'remorse' becomes 'contrition' (I've seen this in another clue).
'bu' placed into 'contrition' is 'CONTRIBUTION'.

'from' acts as a link.

Can you help me to learn more?

(Other definitions for contribution that I've seen before include "Something given towards a common purpose" , "Input" , "Something given towards a common aim" , "given financial assistance" , "Gift" .)

I've seen this clue in The Telegraph.
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