Crossword Genius

Senior academic had to give money (6)

Ross

I believe the answer is:

donate

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'give money' is the definition.
'donate' can be an answer for 'give' (donating is a kind of giving). I'm unsure of the 'money' bit.

'senior academic had' is the wordplay.
'senior academic' becomes 'don' (type of academic - especially at Oxbridge. I am not sure about the 'senior' bit.).
'had' becomes 'ate' (e.g. I had an ice cream).
'don'+'ate'='DONATE'

'to' is the link.

Can you help me to learn more?

(Other definitions for donate that I've seen before include "Give money to charity" , "Give freely, maybe blood" , "Give as gift, say blood" , "Make a contribution" , "Give - present" .)

I've seen this clue in The Times.
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