TY 2011 Form 990

(A) Name and business address	(B) Description of services	(C) Compensation
LAING O'ROURKE CONSTRUCTION SOUTH BRIDGE PLACE DARTFORD,UNITED KINGDOM UK	CONSTRUCTION	23,062,103
CHALEGROVE PROPERTIES LTD PRINCES GATE LONDON,UNITED KINGDOM UK	CONSTRUCTION	17,914,285
SOUTHERN ELECTRIC PLC DUNKELD ROAD PERTH,UNITED KINGDOM UK	POWER	14,892,347
ELLIOTT THOMAS LTD SPRING LANE SURREY,UNITED KINGDOM UK	CONSTRUCTION	14,283,615
BEARD FARADAY ROAD SINDON,UNITED KINGDOM UK	CONSTRUCTION	12,124,545
2 Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization 914

Do not include amounts reported on lines 6b, 7b, 8b, 9b, and 10b of Part VIII.	(A) Total expenses	(B) Program service expenses	(C) Management and general expenses	(D) Fundraising expenses
1	Grants and other assistance to governments and organizations in the United States. See Part IV, line 21
2	Grants and other assistance to individuals in the United States. See Part IV, line 22
3	Grants and other assistance to governments, organizations, and individuals outside the United States. See Part IV, lines 15 and 16	92,447,367	92,447,367
4	Benefits paid to or for members
5	Compensation of current officers, directors, trustees, and key employees ....	1,224,761	589,726	635,035
6	Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) ....
7	Other salaries and wages	800,428,647	737,836,063	56,015,419	6,577,165
8	Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) ....	109,635,547	100,372,974	8,303,958	958,615
9	Other employee benefits .......	9,282,133	9,075,183	206,950
10	Payroll taxes ...........	63,076,089	57,885,849	4,656,869	533,371
11	Fees for services (non-employees):
a	Management ......	1,048,974	1,048,974
b	Legal .........	2,313,362	1,232,197	911,935	169,230
c	Accounting ...........	2,325,031	1,357,087	967,944
d	Lobbying ...........
e	Professional fundraising. See Part IV, line 17..
f	Investment management fees ......
g	Other ..........	62,783,434	53,485,760	8,587,048	710,626
12	Advertising and promotion ....	20,474,914	19,838,791	255,042	381,081
13	Office expenses .......	182,123,289	176,267,738	5,374,835	480,716
14	Information technology ......	67,205,116	60,248,530	6,528,826	427,760
15	Royalties ..	1,593,462	1,580,531	8,388	4,543
16	Occupancy ...........	113,235,508	107,995,909	4,623,569	616,030
17	Travel ............	51,791,586	50,220,739	1,194,256	376,591
18	Payments of travel or entertainment expenses for any federal, state, or local public officials ......
19	Conferences, conventions, and meetings ....	22,457,326	20,072,893	1,536,282	848,151
20	Interest ...........	4,202,548	2,479,043	1,723,505
21	Payments to affiliates .......	88,000,714	87,918,900	81,814
22	Depreciation, depletion, and amortization .....	113,297,393	107,639,628	5,636,746	21,019
23	Insurance ..............	3,977,891	3,943,840	2,744	31,307
24	Other expenses. Itemize expenses not covered above (List miscellaneous expenses in line 24f. If line 24f amount exceeds 10% of line 25, column (A) amount, list line 24f expenses on Schedule O.)
a	REFERENCE PROJECTS	23,481,306		23,481,306
b	STAFF TRAINING	1,708,904	1,171,932	488,888	48,084
c	IMPAIRMENT REVERSAL	-1,187,369	-1,187,369
d	BAD DEBTS	-1,441,929	-1,457,676	15,747
e
f	All other expenses	3,713,230	-10,159,641	11,213,488	2,659,383
25	Total functional expenses. Add lines 1 through 24f	1,839,199,234	1,681,904,968	142,450,594	14,843,672
26	Joint costs. Complete this line only if the organization reported in column (B) joint costs from a combined educational campaign and fundraising solicitation. Check here if following SOP 98-2 (ASC 958-720).

Part X Balance Sheet
	1	Cashnon-interest-bearing ..........		1
2	Savings and temporary cash investments .......	1,272,155,470	2	401,873,964
3	Pledges and grants receivable, net .........	162,672,650	3	195,721,353
4	Accounts receivable, net .........	278,956,844	4	439,028,237
5	Receivables from current and former officers, directors, trustees, key employees, and highest compensated employees. Complete Part II of
	Schedule L ..........		5
6	Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B). Complete Part II of
	Schedule L ..........		6
7	Notes and loans receivable, net .............		7
8	Inventories for sale or use ..............	114,745,805	8	107,567,233
9	Prepaid expenses and deferred charges ............		9
10a	Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D	10a	2,532,296,934
b	Less: accumulated depreciation. .....	10b	585,506,783	1,910,260,866	10c	1,946,790,151
11	Investments—publicly traded securities ..........	1,430,575,614	11	1,042,228,776
12	Investments—other securities. See Part IV, line 11 ......	544,890,828	12	714,276,696
13	Investments—program-related. See Part IV, line 11 ..		13	41,968,766
14	Intangible assets .........	24,838,181	14	61,101,399
15	Other assets. See Part IV, line 11 ...........	39,727,611	15	239,927,135
16	Total assets. Add lines 1 through 15 (must equal line 34)...	5,778,823,869	16	5,190,483,710
	17	Accounts payable and accrued expenses .	426,172,572	17	404,666,841
18	Grants payable ..........	282,666,300	18	313,677,773
19	Deferred revenue ..........	23,965,900	19	18,519,399
20	Tax-exempt bond liabilities ..........		20	31,665,000
21	Escrow or custodial account liability. Complete Part IV of Schedule D..		21
22	Payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified
	persons. Complete Part II of Schedule L..........		22
23	Secured mortgages and notes payable to unrelated third parties ..		23
24	Unsecured notes and loans payable to unrelated third parties ....	78,355,858	24	70,436,940
25	Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17-24). Complete Part X of Schedule D.....	90,683,773	25	56,684,140
26	Total liabilities. Add lines 17 through 25.....	901,844,403	26	895,650,093
		Organizations that follow SFAS 117, check here and complete lines 27 through 29, and lines 33 and 34.
27	Unrestricted net assets .....		27
28	Temporarily restricted net assets .....		28
29	Permanently restricted net assets .....		29
	Organizations that do not follow SFAS 117, check here and complete lines 30 through 34.
30	Capital stock or trust principal, or current funds .....		30
31	Paid-in or capital surplus, or land, building or equipment fund .....		31
32	Retained earnings, endowment, accumulated income, or other funds	4,876,979,466	32	4,294,833,617
33	Total net assets or fund balances .....	4,876,979,466	33	4,294,833,617
34	Total liabilities and net assets/fund balances .....	5,778,823,869	34	5,190,483,710

- TIN:

SCHEDULE A
(Form 990 or 990EZ)

Department of the Treasury
Internal Revenue Service

Public Charity Status and Public Support

Complete if the organization is a section 501(c)(3) organization or a section
4947(a)(1) nonexempt charitable trust.

Attach to Form 990 or Form 990-EZ. right arrow

See separate instructions.

OMB No. 1545-0047

2011

Open to Public
Inspection

Name of the organization

THE CHANCELLOR MASTERS & SCHOLARS
OF THE UNIVERSITY OF OXFORD

Employer identification number

98-6001062

Part I

Reason for Public Charity Status (All organizations must complete this part.) See instructions

The organization is not a private foundation because it is: (For lines 1 through 11, check only one box.)

A church, convention of churches, or association of churches. section 170(b)(1)(A)(i).

A school described in section 170(b)(1)(A)(ii). (Attach Schedule E.)

A hospital or a cooperative hospital service organization described in section 170(b)(1)(A)(iii).

A medical research organization operated in conjunction with a hospital described in section 170(b)(1)(A)(iii). Enter the hospital's name, city, and state:

An organization operated for the benefit of a college or university owned or operated by a governmental unit described in

section 170(b)(1)(A)(iv). (Complete Part II.)

A federal, state, or local government or governmental unit described in section 170(b)(1)(A)(v).

An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in

section 170(b)(1)(A)(vi). (Complete Part II.)

A community trust described in section 170(b)(1)(A)(vi). (Complete Part II.)

An organization that normally receives: (1) more than 331/3% of its support from contributions, membership fees, and gross

receipts from activities related to its exempt functions—subject to certain exceptions, and (2) no more than 331/3% of

its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses

acquired by the organization after June 30, 1975. See section 509(a)(2). (Complete Part III.)

An organization organized and operated exclusively to test for public safety. Seesection 509(a)(4).

An organization organized and operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2). See section 509(a)(3). Check the box that describes the type of supporting organization and complete lines 11e through 11h.

Type I

Type II

Type III - Functionally integrated

Type III - Other

By checking this box, I certify that the organization is not controlled directly or indirectly by one or more disqualified persons other than foundation managers and other than one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2).

If the organization received a written determination from the IRS that it is a Type I, Type II or Type III supporting organization, check this box ..................................................

Since August 17, 2006, has the organization accepted any gift or contribution from any of the
following persons?

(i) a person who directly or indirectly controls, either alone or together with persons described in (ii)

Yes

and (iii) below, the governing body of the the supported organization? ................

11g(i)

(ii) a family member of a person described in (i) above? ......................

11g(ii)

(iii) a 35% controlled entity of a person described in (i) or (ii) above? ................

11g(iii)

Provide the following information about the supported organization(s).

(i) Name of supported organization	(ii) EIN	(iv) Is the organization in col. (i) listed in your governing document?		(v) Did you notify the organization in col. (i) of your support?		(vi) Is the organization in col. (i) organized in the U.S.?		(vii) Amount of support?
(i) Name of supported organization	(ii) EIN	Yes	No	Yes	No	Yes	No	(vii) Amount of support?


Total

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 11285F

Schedule A (Form 990 or 990-EZ) 2011

Page 2

Part II

Support Schedule for Organizations Described in IRC 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi)
(Complete only if you checked the box on line 5, 7, or 8 of Part I or if the organization failed to qualify under Part III. If the organization fails to qualify under the tests listed below, please complete Part III.)

Section A. Public Support

Calendar year(or fiscal year beginning in)		(a) 2007	(b) 2008	(c) 2009	(d) 2010	(e) 2011	(f) Total
1	Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") ....
2	Tax revenues levied for the organization's benefit and either paid to or expended on its behalf.......
3	The value of services or facilities furnished by a governmental unit to the organization without charge..
4	Total. Add lines 1 through 3..
5	The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f)..
6	Public Support. Subtract line 5 from line 4.

Section B. Total Support

Calendar year(or fiscal year beginning in)		(a) 2007	(b) 2008	(c) 2009	(d) 2010	(e) 2011	(f) Total
7	Amounts from line 4..
8	Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources..
9	Net income from unrelated business activities, whether or not the business is regularly carried on..
10	Other income. (Explain in Part IV.) Do not include gain or loss from the sale of capital assets..
11	Total support (Add lines 7 through 10).

Gross receipts from related activities, etc. (See instructions.) ..................

First Five Years If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a 501(c)(3) organization,
check this box and stop here.......................................... right arrow

Section C. Computation of Public Support Percentage

Public Support Percentage for 2010 (line 6 column (f) divided by line 11 column (f)) .........

Public Support Percentage for 2009 Schedule A, Part II, line 14 ...............

16a

33 1/3% support test—2011. If the organization did not check the box on line 13, and line 14 is 33 1/3% or more, check this box
and stop here. The organization qualifies as a publicly supported organization ...................... right arrow

33 1/3% support test—2010. If the organization did not check the box on line 13 or 16a, and line 15 is 33 1/3% or more, check this
box and stop here. The organization qualifies as a publicly supported organization ..................... right arrow

17a

10%-facts-and-circumstances test—2011. If the organization did not check a box on line 13, 16a, or 16b and line 14
is 10% or more, and if the organization meets the "facts and circumstances" test, check this box and stop here. Explain
in Part IV how the organization meets the "facts and circumstances" test. The organization qualifies as a publicly supported
organization .................................................. right arrow

10%-facts-and-circumstances test—2010. If the organization did not check a box on line 13, 16a, 16b, or 17a and line
15 is 10% or more, and if the organization meets the "facts and circumstances" test, check this box and stop here.
Explain in Part IV how the organization meets the "facts and circumstances" test. The organization qualifies as a publicly
supported organization .............................................. right arrow

Private Foundation If the organization did not check a box on line 13, 16a, 16b, 17a or 17b, check this box and see
instructions ................................................... right arrow

Schedule A (Form 990 or 990-EZ) 2011

Page 3

Part III

Support Schedule for Organizations Described in IRC 509(a)(2)
(Complete only if you checked the box on line 9 of Part I or if the organization failed to qualify under Part II. If the organization fails to qualify under the tests listed below, please complete Part II.)

Section A. Public Support

Calendar year(or fiscal year beginning in)		(a) 2007	(b) 2008	(c) 2009	(d) 2010	(e) 2011	(f) Total
1	Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") .
2	Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose......
3	Gross receipts from activities that are not an unrelated trade or business under section 513..
4	Tax revenues levied for the organization's benefit and either paid to or expended on its behalf...
5	The value of services or facilities furnished by a governmental unit to the organization without charge..
6	Total. Add lines 1 through 5.
7a	Amounts included on lines 1, 2, and 3 received from disqualified persons...
b	Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year.
c	Add lines 7a and 7b..
8	Public Support (Subtract line 7c from line 6.)

Section B. Total Support

Calendar year (or fiscal year beginning in)		(a) 2007	(b) 2008	(c) 2009	(d) 2010	(e) 2011	(f) Total
9	Amounts from line 6...
10a	Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources..
b	Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975.
c	Add lines 10a and 10b.
11	Net income from unrelated business activities not included in line 10b, whether or not the business is regularly carried on.
12	Other income. Do not include gain or loss from the sale of capital assets (Explain in Part IV.)
13	Total support (Add lines 9, 10c, 11 and 12.).

Section C. Computation of Public Support Percentage

Public Support Percentage for 2011 (line 8 column (f) divided by line 13 column (f)) .........

Public support percentage from 2010 Schedule A, Part III, line 15 ...............

Section D. Computation of Investment Income Percentage

Investment income percentage for 2011 (line 10c column (f) divided by line 13 column (f)) ......

Investment income percentage from 2010 Schedule A, Part III, line 17 .............

19a

33 1/3% support tests—2011. If the organization did not check the box on line 14, and line 15 is more than 33 1/3% and line 17 is not more than 33 1/3%, check this box and stop here. The organization qualifies as a publicly supported organization .......... right arrow

33 1/3% support tests—2010. If the organization did not check a box on line 14 or line 19a, and line 16 is more than 33 1/3% and line 18 is not more than 33 1/3%, check this box and stop here. The organization qualifies as a publicly supported organization .... right arrow

Private Foundation If the organization did not check a box on line 14, 19a or 19b, check this box and see instructions ..... right arrow

Schedule A (Form 990 or 990-EZ) 2011

Page 4

Part IV

Supplemental Information. Supplemental Information. Complete this part to provide the explanation required by Part II, line 10; Part II, line 17a or 17b; or Part III, line 12. Also complete this part for any additional information. (See instructions).

Facts And Circumstances Test

Explanation

Schedule A (Form 990 or 990-EZ) 2011

Additional Data

Software ID:
Software Version:

- TIN:

Schedule B
(Form 990, 990-EZ,
or 990-PF)

Department of the Treasury
Internal Revenue Service

Schedule of Contributors

Attach to Form 990, 990-EZ, or 990-PF.

OMB No. 1545-0047

2011

Name of organization

THE CHANCELLOR MASTERS & SCHOLARS
OF THE UNIVERSITY OF OXFORD

Employer identification number

98-6001062

Organization type (check one):

Filers of:

Section:

Form 990 or 990-EZ

501(c)( ) (enter number) organization

4947(a)(1) nonexempt charitable trust not treated as a private foundation

527 political organization

Form 990-PF

501(c)(3) exempt private foundation

4947(a)(1) nonexempt charitable trust treated as a private foundation

501(c)(3) taxable private foundation

Check if your organization is covered by the General Rule or a Special Rule.
Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.

General Rule

For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, $5,000 or more (in money or
property) from any one contributor. Complete Parts I and II.

Special Rules

For a section 501(c)(3) organization filing Form 990 or 990-EZ that met the 33¹/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), and received from any one contributor, during the year, a contribution of the
greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.

For a section 501(c)(7), (8), or (10) organization filing Form 990, or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 for use exclusively for religious, charitable,
scientific, literary, or educational purposes, or the prevention of cruelty to children or animals. Complete Parts I, II, and
III.

For a section 501(c)(7), (8), or (10) organization filing Form 990, or 990-EZ that received from any one contributor,
during the year, contributions for use exclusively for religious, charitable, etc., purposes, but these contributions did
not total to more than $1,000. If this box is checked, enter here the total contributions that were received during
the year for an exclusively religious, charitable, etc., purpose. Do not complete any of the parts unless the General Rule
applies to this organization because it received nonexclusively religious, charitable, etc., contributions of $5,000 or more
during the year. ......................... Arrow Bullet

Caution. An Organization that is not covered by the General Rule and/or the Special Rules does not file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its
Form 990-EZ or on Part I, line 2, of its Form 990-PF, to certify that it does not meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).

For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.

Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2011)

Page 2

Name of organization THE CHANCELLOR MASTERS & SCHOLARS OF THE UNIVERSITY OF OXFORD
Schedule B (Form 990, 990-EZ, or 990-PF) (2011)
Part I	Contributors (see Instructions). Use duplicate copies of Part I if additional space is needed.
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
RESTRICTED	RESTRICTED RESTRICTED RESTRICTED RESTRICTED, RESTRICTED RESTRICTED	$RESTRICTED	Person Payroll Noncash (Complete Part II if there is a noncash contribution.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II if there is a noncash contribution.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II if there is a noncash contribution.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II if there is a noncash contribution.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II if there is a noncash contribution.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II if there is a noncash contribution.)
Schedule B (Form 990, 990-EZ, or 990-PF) (2011)

Page 3

Name of organization THE CHANCELLOR MASTERS & SCHOLARS OF THE UNIVERSITY OF OXFORD
Schedule B (Form 990, 990-EZ, or 990-PF) (2011)
Part II	Noncash Property (see Instructions). Use duplicate copies of Part II if additional space is needed.
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions).	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions).	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions).	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions).	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions).	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions).	(d) Date received
		$
Schedule B (Form 990, 990-EZ, or 990-PF) (2011)

Page 4

Schedule B (Form 990, 990-EZ, or 990-PF) (2011)

Name of organization
THE CHANCELLOR MASTERS & SCHOLARS
OF THE UNIVERSITY OF OXFORD

Employer identification number

98-6001062

Part III

Exclusively religious, charitable, etc., individual contributions to section 501(c)(7), (8), or (10) organizations
that total more than $1,000 for the year. Complete columns (a) through (e) and the following line entry.
For organizations completing Part III, enter the total of exclusively religious, charitable, etc.,
contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet

$
Use duplicate copies of Part III if additional space is needed

(a) No.
from
Part I

(b)
Purpose of gift

(d)
Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a) No.
from
Part I

(b)
Purpose of gift

(d)
Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a) No.
from
Part I

(b)
Purpose of gift

(d)
Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a) No.
from
Part I

(b)
Purpose of gift

(d)
Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

Schedule B (Form 990, 990-EZ, or 990-PF) (2011)

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE D
(Form 990)

Department of the Treasury
Internal Revenue Service

Supplemental Financial Statements

Complete if the organization answered "Yes," to Form 990,
Part IV, line 6, 7, 8, 9, 10, 11a, 11b, 11c, 11d, 11e, 11f, 12a, or 12b
SchDMd Bullet

Attach to Form 990. SchDMd Bullet

See separate instructions.

OMB No. 1545-0047

2011

Open to Public Inspection

Name of the organization

THE CHANCELLOR MASTERS & SCHOLARS
OF THE UNIVERSITY OF OXFORD

Employer identification number

98-6001062

Part I

Organizations Maintaining Donor Advised Funds or Other Similar Funds or Accounts. Complete if the organization answered "Yes" to Form 990, Part IV, line 6.

		(a) Donor advised funds	(b) Funds and other accounts
1	Total number at end of year .......
2	Aggregate contributions to (during year) ...
3	Aggregate grants from (during year) ...
4	Aggregate value at end of year .......

Did the organization inform all donors and donor advisors in writing that the assets held in donor advised
funds are the organization's property, subject to the organization's exclusive legal control? ............

Yes No

Did the organization inform all grantees, donors, and donor advisors in writing that grant funds can be
used only for charitable purposes and not for the benefit of the donor or donor advisor, or for any other purpose conferring impermissible private benefit? ...................................

Yes No

Part II

Conservation Easements. Complete if the organization answered "Yes" to Form 990, Part IV, line 7.

Purpose(s) of conservation easements held by the organization (check all that apply).

Preservation of land for public use (e.g., recreation or education) Preservation of an historically important land area

Protection of natural habitat Preservation of a certified historic structure

Preservation of open space

Complete lines 2a through 2d if the organization held a qualified conservation contribution in the form of a conservation easement on the last day of the tax year.


a	Total number of conservation easements .......................	2a
b	Total acreage restricted by conservation easements ..................	2b
c	Number of conservation easements on a certified historic structure included in (a) .....	2c
d	Number of conservation easements included in (c) acquired after 8/17/06, and not on a historic structure listed in the National Register ....................	2d

Number of conservation easements modified, transferred, released, extinguished, or terminated by the organization during
the tax year SchDMd Bullet

Number of states where property subject to conservation easement is located SchDMd Bullet

Does the organization have a written policy regarding the periodic monitoring, inspection, handling of violations, and
enforcement of the conservation easements it holds? .............................

Yes No

Staff and volunteer hours devoted to monitoring, inspecting and enforcing conservation easements during the year SchDMd Bullet

Amount of expenses incurred in monitoring, inspecting, and enforcing conservation easements during the year
SchDMd Bullet

Does each conservation easement reported on line 2(d) above satisfy the requirements of section
170(h)(4)(B)(i) and 170(h)(4)(B)(ii)? ....................................

Yes No

In Part XIV, describe how the organization reports conservation easements in its revenue and expense statement, and
balance sheet, and include, if applicable, the text of the footnote to the organization’s financial statements that describes
the organization’s accounting for conservation easements.

Part III

Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets.
Complete if the organization answered "Yes" to Form 990, Part IV, line 8.

If the organization elected, as permitted under SFAS 116 (ASC 958), not to report in its revenue statement and balance sheet works of
art, historical treasures, or other similar assets held for public exhibition, education or research in furtherance of public service,
provide, in Part XIV, the text of the footnote to its financial statements that describes these items.

If the organization elected, as permitted under SFAS 116 (ASC 958), to report in its revenue statement and balance sheet works of art,
historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service,
provide the following amounts relating to these items:

(i)

Revenues included in Form 990, Part VIII, line 1 ........................ SchDMd Bullet

(ii)

Assets included in Form 990, Part X .............................. SchDMd Bullet

$ 39,781,722

If the organization received or held works of art, historical treasures, or other similar assets for financial gain, provide the
following amounts required to be reported under SFAS 116 (ASC 958), relating to these items:

Revenues included in Form 990, Part VIII, line 1 .......................... SchDMd Bullet

Assets included in Form 990, Part X ............................... SchDMd Bullet

For Privacy Act and Paperwork Reduction Act Notice, see the Intructions for Form 990

Cat. No. 52283D

Schedule D (Form 990) 2011

Page 2

Part III

Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets (continued)

Using the organization’s accession and other records, check any of the following that are a significant use of its collection
items (check all that apply):

Public exhibition

Loan or exchange programs

Scholarly research

Other

Preservation for future generations

Provide a description of the organization’s collections and explain how they further the organization’s exempt purpose in
Part XIV.

During the year, did the organization solicit or receive donations of art, historical treasures or other similar
assets to be sold to raise funds rather than to be maintained as part of the organization’s collection?........

Yes No

Part IV

Escrow and Custodial Arrangements. Complete if the organization answered "Yes" to Form 990,
Part IV, line 9, or reported an amount on Form 990, Part X, line 21.

Is the organization an agent, trustee, custodian or other intermediary for contributions or other assets not
included on Form 990, Part X? ....................................

Yes No

If "Yes," explain the arrangement in Part XIV and complete the following table:


c	Beginning balance .................................	1c
d	Additions during the year ..............................	1d
e	Distributions during the year .............................	1e
f	Ending balance ...................................	1f

Did the organization include an amount on Form 990, Part X, line 21? .....................

Yes No

If “Yes,” explain the arrangement in Part XIV.

Part V

Endowment Funds. Complete if the organization answered "Yes" to Form 990, Part IV, line 10.

		(a)Current Year	(b)Prior Year	(c)Two Years Back	(d)Three Years Back
1a	Beginning of year balance ....	1,342,350,360	1,032,214,094	916,325,110	1,083,498,765
b	Contributions ........	21,292,529	373,920,665	28,210,692	36,473,800
c	Net investment earnings, gains, and losses ...	39,406,280	44,658,491	79,882,501	-87,572,395
d	Grants or scholarships .....	-17,767,510	-4,471,123	-4,820,352	3,760,686
e	Other expenditures for facilities and programs ........	-39,153,541	-35,766,921	-29,685,415	-53,123,350
f	Administrative expenses ....	-6,430,007	-5,154,643	-5,111,749	-5,524,391
g	End of year balance ......	1,339,698,111	1,405,400,563	984,800,787	969,991,743

Provide the estimated percentage of the year end balance (line 1g) held as:

Board designated or quasi-endowment SchDMd Bullet

Permanent endowment SchDMd Bullet

93.200 %

Temporarily restricted endowment SchDMd Bullet

6.800 %

The percentages in lines 2a, 2b, and 2c should equal 100%.

Are there endowment funds not in the possession of the organization that are held and administered for the
organization by:

Yes

(i) unrelated organizations ........................

3a(i)

(ii) related organizations ........................

3a(ii)

Yes

If "Yes" to 3a(ii), are the related organizations listed as required on Schedule R? .........

Yes

Describe in Part XIV the intended uses of the organization's endowment funds.

Part VI

Land, Buildings, and Equipment. See Form 990, Part X, line 10.

Description of property		(a) Cost or other basis (investment)	(b)Cost or other basis (other)	(c) Accumulated depreciation	(d) Book value
1a	Land .................		124,119,561		124,119,561
b	Buildings ................	181,331,035	1,927,421,547	450,800,082	1,657,952,500
c	Leasehold improvements ............		25,373,851	5,483,221	19,890,630
d	Equipment ................		230,826,913	127,197,953	103,628,960
e	Other .................		43,224,027	2,025,527	41,198,500
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).).......					1,946,790,151

Schedule D (Form 990) 2011

Page 3

Part VII

InvestmentsOther Securities. See Form 990, Part X, line 12.

(a) Description of security or category (including name of security)	(b)Book value	(c) Method of valuation: Cost or end-of-year market value
(1)Financial derivatives		F
(2)Closely-held equity interests		F
Other








Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.)	714,276,696

Part VIII

InvestmentsProgram Related. See Form 990, Part X, line 13.

(a) Description of investment type		(b) Book value	(c) Method of valuation: Cost or end-of-year market value









Total. (Column (b) must equal Form 990, Part X, col.(B) line 13.)

Part IX

Other Assets. See Form 990, Part X, line 15.

(a) Description				(b) Book value









Total. (Column (b) must equal Form 990, Part X, col.(B) line 15.)...........

Part X

Other Liabilities. See Form 990, Part X, line 25.

1.(a) Description of Liability		(b) Book value
Federal Income Taxes
FRS 17 CREDITOR (PENSION DEFICIT)		27,795,840
AMOUNTS DUE TO SUBSIDIARIES		20,694,960
PROVISION FOR LIABILITIES AND CHARGE		8,193,340






Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)		56,684,140
2. Fin 48 (ASC 740) Footnote. In Part XIV, provide the text of the footnote to the organization's financial statements that reports the organization's liability for uncertain tax positions under FIN 48 (ASC740).

Schedule D (Form 990) 2011

Page 4

Part XI Reconciliation of Change in Net Assets from Form 990 to Financial Statements
1	Total revenue (Form 990, Part VIII, column (A), line 12) ....................	1
2	Total expenses (Form 990, Part IX, column (A), line 25) .....................	2
3	Excess or (deficit) for the year. Subtract line 2 from line 1 .............	3
4	Net unrealized gains (losses) on investments ..........................	4
5	Donated services and use of facilities .............................	5
6	Investment expenses ...................................	6
7	Prior period adjustments ..................................	7
8	Other (Describe in Part XIV.) .................................	8
9	Total adjustments (net). Add lines 4 through 8 .........................	9
10	Excess or (deficit) for the year per financial statements. Combine lines 3 and 9 .........	10

Part XII Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
1	Total revenue, gains, and other support per audited financial statements .......		1
2	Amounts included on line 1 but not on Form 990, Part VIII, line 12:
a	Net unrealized gains on investments ..........	2a
b	Donated services and use of facilities .........	2b
c	Recoveries of prior year grants ...........	2c
d	Other (Describe in Part XIV.) ............	2d
e	Add lines 2a through 2d .....................		2e
3	Subtract line 2e from line 1.....................		3
4	Amounts included on Form 990, Part VIII, line 12, but not on line 1:
a	Investment expenses not included on Form 990, Part VIII, line 7b .	4a
b	Other (Describe in Part XIV.) ...........	4b
c	Add lines 4a and 4b.......................		4c
5	Total Revenue. Add lines 3 and 4c. (This must equal Form 990, Part I, line 12.) ......		5

Part XIII Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
1	Total expenses and losses per audited financial statements .............		1
2	Amounts included on line 1 but not on Form 990, Part IX, line 25:
a	Donated services and use of facilities ..........	2a
b	Prior year adjustments ..............	2b
c	Other losses ................	2c
d	Other (Describe in Part XIV.) ............	2d
e	Add lines 2a through 2d......................		2e
3	Subtract line 2e from line 1.....................		3
4	Amounts included on Form 990, Part IX, line 25, but not on line 1:
a	Investment expenses not included on Form 990, Part VIII, line 7b ..	4a
b	Other (Describe in Part XIV.) ............	4b
c	Add lines 4a and 4b.......................		4c
5	Total expenses. Add lines 3 and 4c. (This must equal Form 990, Part I, line 18.) ......		5

Part XIV

Supplemental Information

Complete this part to provide the descriptions required for Part II, lines 3, 5, and 9; Part III, lines 1a and 4; Part lV, lines 1b and 2b;
Part V, line 4; Part X; Part XI, line 8; Part XII, lines 2d and 4b; and Part XIII, lines 2d and 4b. Also complete this part to provide any additional information.

Identifier	Return Reference	Explanation

Schedule D (Form 990) 2011

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE E(Form 990 or 990-EZ)

Department of the TreasuryInternal Revenue Service

Schools

Complete if the organization answered "Yes" to Form 990, Part IV, line 13,or Form 990-EZ, Part VI, line 48. Right pointing arrow large image

Attach to Form 990 or Form 990-EZ.

OMB No. 1545-0047

2011

Open to Public Inspection

Name of the organization

THE CHANCELLOR MASTERS & SCHOLARS
OF THE UNIVERSITY OF OXFORD

Employer identification number

98-6001062

Part I

YES

Does the organization have a racially nondiscriminatory policy toward students by statement in its charter, bylaws,

other governing instrument, or in a resolution of its governing body? ......................

Yes

Does the organization include a statement of its racially nondiscriminatory policy toward students in all its

brochures, catalogues, and other written communications with the public dealing with student admissions,

programs, and scholarships? ......................................

Yes

Has the organization publicized its racially nondiscriminatory policy through newspaper or broadcast media during

the period of solicitation for students, or during the registration period if it has no solicitation program, in a way

that makes the policy known to all parts of the general community it serves? If "Yes," please describe. If "No,"

please explain. If you need more space use Part II. .............................

Does the organization maintain the following?

Records indicating the racial composition of the student body, faculty, and administrative staff? ..........

Yes

Records documenting that scholarships and other financial assistance are awarded on a racially nondiscriminatory

basis? ...............................................

Yes

Copies of all catalogues, brochures, announcements, and other written communications to the public dealing

with student admissions, programs, and scholarships? ...........................

Yes

Copies of all material used by the organization or on its behalf to solicit contributions? ..............

Yes

If you answered "No" to any of the above, please explain. If you need more space, use Part II.

Does the organization discriminate by race in any way with respect to:

Students' rights or privileges? .....................................

Admissions policies? .........................................

Employment of faculty or administrative staff? ..............................

Scholarships or other financial assistance? ................................

Educational policies? .........................................

Use of facilities? ...........................................

Athletic programs? ..........................................

Other extracurricular activities? .....................................

If you answered "Yes" to any of the above, please explain. If you need more space, use Part II.

Does the organization receive any financial aid or assistance from a governmental agency? ...........

Yes

Has the organization's right to such aid ever been revoked or suspended? ...................

If you answered "Yes" to either line 6a or line 6b, explain on Part II.

Does the organization certify that it has complied with the applicable requirements of sections 4.01 through 4.05

of Rev. Proc. 75-50, 1975-2 C.B. 587, covering racial nondiscrimination? If "No," explain on Part II.

Yes

Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 50085D

Schedule E (Form 990 or 990-EZ) 2011

Schedule E (Form 990 or 990EZ) 2011

Page 2

Part II

Supplemental Information

Complete this part to provide the explanations required by Part I, lines 3, 4d, 5h, 6b, and 7, as applicable. Also complete this part to provide any other additional information (see instructions).

Identifier	Return Reference	Explanation
PUBLICATION OF NONDISCRIMINATORY POLICY IN MEDIA EXPLANATION	SCHEDULE E LINE 3	THE UNIVERSITYS RACE EQUALITY POLICY IS LOCATED ON THE UNIVERSITYS WEBSITE AT HTTPWWWADMINOXACUKEOPRACEPOLICY
FINANCIAL AID OR GOVERNMENT ASSISTANCE EXPLANATION	SCHEDULE E LINE 6	OXFORD UNIVERSITY RECEIVES VARIOUS FORMS OF GRANTS AND AID FROM UK GOVERNMENT AGENCIES

Schedule E (Form 990 or 990-EZ) 2011

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE F(Form 990)

Department of the Treasury
Internal Revenue Service

Statement of Activities Outside the United States

Complete if the organization answered "Yes" to Form 990,Part IV, line 14b, 15, or 16. Right pointing arrow large image

Attach to Form 990. Right pointing arrow large image

See separate instructions.

OMB No. 1545-0047

2011

Open to Public Inspection

Name of the organization
THE CHANCELLOR MASTERS & SCHOLARS
OF THE UNIVERSITY OF OXFORD

Employer identification number

98-6001062

Part I

General Information on Activities Outside the United States. Complete if the organization answered
“Yes” to Form 990, Part IV, line 14b.

For grantmakers. Does the organization maintain records to substantiate the amount of its grants

and other assistance, the grantees' eligibility for the grants or assistance, and the selection criteria used

to award the grants or assistance? ..............................

Yes

For grantmakers. Describe in Part V the organization’s procedures for monitoring the use of its grants and other
assistance outside the United States.

Activites per Region. (Use Part V if additional space is needed.)

(a) Region		(b) Number of offices in the region	(c) Number of employees or agents in region or independent contractors	(d) Activities conducted in region (by type) (e.g., fundraising, program services, investments, grants to recipients located in the region)	(e) If activity listed in (d) is a program service, describe specific type of service(s) in region	(f) Total expenditures for region/investments in region
	EAST ASIA AND THE PACIFIC	1	150	PROGRAM SERVICES	EDUCATION, RESEARCH	40,370,425
	EUROPE	6	11,702	PROGRAM SERVICES	EDUCATION, RESEARCH	1,988,360,394
	NORTH AMERICA	3	119	PROGRAM SERVICES	EDUCATION, RESEARCH	28,988,136
	SOUTH ASIA	2	899	PROGRAM SERVICES	EDUCATION, RESEARCH	65,636,322













3a	Sub-total .....	12	12,870			2,123,355,277
b	Total from continuation sheets to Part I ...
c	Totals (add lines 3a and 3b)	12	12,870			2,123,355,277

For Privacy Act and Paperwork Reduction Act Notice, see the Instructions for Form 990.Cat. No. 50082W Schedule F (Form 990) 2011

Schedule F (Form 990) 2011

Page 2

Part II

Grants and Other Assistance to Organizations or Entities Outside the United States. Complete if the organization answered "Yes" to Form 990,

Part IV, line 15, for any recipient who received more than $5,000. Check this box if no one recipient received more than $5,000 ........ MediumBullet

Use Part V if additional space is needed.

1 (a) Name of organization		(b) IRS code section and EIN (if applicable)	(c) Region	(d) Purpose of grant	(e) Amount of cash grant	(f) Manner of cash disbursement	(g) Amount of of non-cash assistance	(h) Description of non-cash assistance	(i) Method of valuation (book, FMV, appraisal, other)

Enter total number of recipient organizations listed above that are recognized as charities by the foreign country, recognized as tax-exempt by the IRS, or for which the grantee or counsel has provided a section 501(c)(3) equivalency letter ..... MediumBullet

Enter total number of other organizations or entities ........................ MediumBullet

Schedule F (Form 990) 2011

Schedule F (Form 990) 2011Page 3

Part III

Grants and Other Assistance to Individuals Outside the United States. Complete if the organization answered "Yes" to Form 990, Part IV, line 16.

Use Part V if additional space is needed.

	(b) Region	(c) Number of recipients	(d) Amount of cash grant	(e) Manner of cash disbursement
BURSARY LOW INCOME FAMILY	UK	2,750	10,080,954	WIRE
IND.-LINKED SPONSORSHIP	UK	141	246,145	WIRE
HARDSHIP FUND./DYSLEXIA	UK	199	213,991	WIRE
STUDY ABROAD SCHOLARSHIPS	UK	49	140,977	WIRE
ERASMUS GRANT FOR STUDENT	UK	214	818,314	WIRE
HARDSHIP FUNDING	UK	58	138,800	WIRE
PG SCHOLARSHIPS - INT'L.	UK	570	18,333,275	WIRE
VARIOUS GRANTS, SCHOLARS	UK	500	62,474,911	WIRE

Schedule F (Form 990) 2011

Page 4

Part IV

Foreign Forms

Schedule F (Form 990) 2011

Page 5

Part V

Supplemental Information
Complete this part to provide the information required by Part I, line 2 (monitoring of funds); Part I, line 3, column (f) (accounting method; amounts of investments vs. expenditures per region); Part II, line 1 (accounting method); Part III (accounting method); and Part III, column (c) (estimated number of recipients), as applicable. Also complete this part to provide any additional information (see instructions).

Identifier	ReturnReference	Explanation
PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS OUTSIDE THE UNITED STATES	SCHEDULE F, PAGE 1, PART I, LINE 2	SCHOLARSHIPS ARE GRANTED TO STUDENTS ENROLLED FOR GRADUATE STUDY AT THE UNIVERSITY OF OXFORD. THE SCHOLARSHIPS NORMALLY COMPRISE OF TUITION FEES, COLLEGE FEES AND A MAINTENANCE GRANT. THE UNIVERSITY PAYS THE TUITION FEES AND COLLEGE FEES DIRECTLY FROM ITS ACCOUNTS THROUGH THE FINANCE DIVISION TO THE COLLEGES, WHICH ENSURES THEY ARE USED FOR THEIR INTENDED PURPOSE. THE UNIVERSITY PAYS THE STUDENT'S MAINTENANCE TERMLY, AND EACH STUDENT MUST COLLECT THE FIRST PAYMENT IN PERSON (WITH IDENTIFICATION). EACH STUDENT IS REQUIRED TO WRITE A REPORT AT THE END OF THEIR FIRST TERM OF STUDY AND AT THE END OF EACH ACADEMIC YEAR. THIS REPORT DETAILS THE ACADEMIC ACTIVITIES AND PROGRESS, AND EXTRA CURRICULAR ACTIVITIES IN WHICH THEY ARE INVOLVED. THE MAINTENANCE GRANT IS USED BY THE STUDENTS TO HELP WITH LIVING COSTS. THE AMOUNT OF THIS GRANT IS A RECOMMENDED AMOUNT CALCULATED BY A COMMITTEE OF BURSARS AND IS BASED ON AVERAGE COSTS OF RENT AND LIVING COSTS.
		EAST ASIA AND THE PACIFIC 40,370,425 0 EUROPE 1988360394 0 NORTH AMERICA 28,988,136 0 SOUTH ASIA 65,636,322 0
ADDITIONAL INFORMATION	SCHEDULE F, PAGE 5, PART V	PART I, LINE 3, COLUMN F: METHOD USED TO ACCOUNT FOR EXPENDITURES: EXPENDITURES ARE ACCOUNTED FOR USING THE ACCRUAL METHOD. PART III: METHOD USED TO REPORT CASH GRANTS: THE UNIVERSITY HAS A STUDENT FUNDING OFFICE WHOSE FUNCTION IT TO MANAGE GRANTS AND SCHOLARSHIPS OF THE UNIVERSITY. IT MAINTAINS RECORDS AND NUMBERS OF RECIPIENTS AND HAS SET POLICIES AND PROCEDURES IN PLACE FOR ISSUING FUNDING.

Schedule F (Form 990) 2011

Additional Data

Software ID:
Software Version:

- TIN:

Schedule J
(Form 990)

Department of the Treasury
Internal Revenue Service

Compensation Information

For certain Officers, Directors, Trustees, Key Employees, and Highest
Compensated Employees
SchJMediumBullet

Complete if the organization answered "Yes" to Form 990,
Part IV, question 23.
SchJMediumBullet

Attach to Form 990. SchJMediumBullet

See separate instructions.

OMB No. 1545-0047

2011

Open to Public Inspection

Name of the organization

THE CHANCELLOR MASTERS & SCHOLARS
OF THE UNIVERSITY OF OXFORD

Employer identification number

98-6001062

Part I

Questions Regarding Compensation

Yes

Check the appropiate box(es) if the organization provided any of the following to or for a person listed in Form
990, Part VII, Section A, line 1a. Complete Part III to provide any relevant information regarding these items.

First-class or charter travel Housing allowance or residence for personal use

Travel for companions Payments for business use of personal residence

Tax idemnification and gross-up payments Health or social club dues or initiation fees

Discretionary spending account Personal services (e.g., maid, chauffeur, chef)

If any of the boxes in line 1a are checked, did the organization follow a written policy regarding payment or reimbursement or provision of all the expenses described above? If "No," complete Part III to explain....

Yes

Did the organization require substantiation prior to reimbursing or allowing expenses incurred by all
officers, directors, trustees, and the CEO/Executive Director, regarding the items checked in line 1a? ....

Yes

Indicate which, if any, of the following the organization uses to establish the compensation of the
organization's CEO/Executive Director. Check all that apply. Do not check any boxes for methods
used by a related organization to establish compensation of the CEO/Executive Director, but explain in Part III.

Compensation committee Written employment contract

Independent compensation consultant Compensation survey or study

Form 990 of other organizations Approval by the board or compensation committee

During the year, did any person listed in Form 990, Part VII, Section A, line 1a with respect to the filing organization or a related organization:

Receive a severance payment or change-of-control payment? ...............

Participate in, or receive payment from, a supplemental nonqualified retirement plan? ........

Participate in, or receive payment from, an equity-based compensation arrangement? ........

If "Yes" to any of lines 4a-c, list the persons and provide the applicable amounts for each item in Part III.

Only 501(c)(3) and 501(c)(4) organizations only must complete lines 5-9.

For persons listed in form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the revenues of:

The organization? ...........................

Yes

Any related organization? .........................

If "Yes," to line 5a or 5b, describe in Part III.

For persons listed in form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the net earnings of:

The organization? ...........................

Any related organization? .........................

If "Yes," to line 6a or 6b, describe in Part III.

For persons listed in Form 990, Part VII, Section A, line 1a, did the organization provide any non-fixed
payments not described in lines 5 and 6? If "Yes," describe in Part III ............

Yes

Were any amounts reported in Form 990, Part VII, paid or accured pursuant to a contract that was
subject to the initial contract exception described in Regulations section 53.4958-4(a)(3)? If "Yes," describe
in Part III .............................

If "Yes" to line 8, did the organization also follow the rebuttable presumption procedure described in Regulations section 53.4958-6(c)? .........................

For Privacy Act and Paperwork Reduction Act Notice, see the Intructions for Form 990

Cat. No. 50053T

Schedule J (Form 990) 2011

Page 2

Part II

Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees. Use duplicate copies if additional space is needed.

For each individual whose compensation must be reported in Schedule J, report compensation from the organization on row (i) and from related organizations, described in the
instructions on row (ii). Do not list any individuals that are not listed on Form 990, Part VII.

Note. The sum of columns (B)(i)-(iii) for each listed individual must equal the total amount of Form 990, Part VII, Section A, line 1a, applicable column (D) and column (E) for that individual.

(A) Name		(B) Breakdown of W-2 and/or 1099-MISC compensation			(C) Retirement and other deferred compensation	(D) Nontaxable benefits	(E) Total of columns (B)(i)-(D)	(F) Compensation reported as deferred in prior Form 990
(A) Name		(i) Base compensation	(ii) Bonus & incentive compensation	(iii) Other reportable compensation	(C) Retirement and other deferred compensation	(D) Nontaxable benefits	(E) Total of columns (B)(i)-(D)	(F) Compensation reported as deferred in prior Form 990
(1) PROFESSOR A HAMILTON	(i) (ii)	521,323		68,403			589,726
(2) PROFESSOR EG MCKENDRICK	(i) (ii)	307,278		2,203			309,481
(3) G KERR	(i) (ii)	320,350		5,204			325,554
(4) N PORTWOOD	(i) (ii)	684,605	323,163	27,067	136,930		1,171,765
(5) T BARTON	(i) (ii)	418,325	187,692 90,386	19,032	51,110		676,159 90,386
(6) D GILLARD	(i) (ii)	402,855	185,794	19,408	23,674		631,731
(7) P MARSHALL	(i) (ii)	402,238	170,414	23,219	101,123		696,994
(8) N TOMKINS	(i) (ii)	347,528	155,526	15,535	59,761		578,350

Schedule J (Form 990) 2011

Page 3

Part III

Supplemental Information

Complete this part to provide the information, explanation, or descriptions required for Part I, lines 1a, 1b, 3, 4c, 5a, 5b, 6a, 6b, 7, and 8. Also complete this part for any additional information.

Identifier	Return Reference	Explanation
FRINGE OR EXPENSE EXPLANATION	SCHEDULE J, PAGE 1, PART I, LINE 1A	THE VICE CHANCELLOR IS PROVIDED WITH A RESIDENCE FOR PERSONAL USE. THE ACCOMMODATION IS PROVIDED FOR THE BETTER PERFORMANCE OF THE VC'S DUTIES AND THE EMPLOYMENT IS ONE OF THE KINDS FOR WHICH IT IS CUSTOMARY FOR EMPLOYERS TO PROVIDE ACCOMMODATION TO THE EMPLOYEE. THE VICE CHANCELLOR WAS ALLOWED TRAVEL FOR A FAMILY MEMBER ON A BUSINESS TRIP DURING THE YEAR. THIS BENEFIT WAS TREATED AS TAXABLE COMPENSATION.
COMPENSATION CONTINGENT UPON REVENUES OF ORGANIZATION	SCHEDULE J, PAGE 1, PART I, LINE 5A	BONUSES ARE PAID THAT ARE DEPENDENT ON OXFORD UNIVERSITY PRESS GROUP SERVICE LEVELS AS WELL AS ACHIEVEMENT OF ITS DIVISIONAL OBJECTIVES, INCLUDING SALES, SURPLUS AND OTHER FINANCIAL TARGETS.
NON-FIXED PAYMENTS PROVIDED	SCHEDULE J, PAGE 1, PART I, LINE 7	BONUSES ARE PAID THAT ARE DEPENDENT ON OXFORD UNIVERSITY PRESS GROUP SERVICE LEVELS. BONUSES ALSO ARE PAID DEPENDENT UPON ACHIEVEMENT OF OUP'S DIVISIONAL OBJECTIVES, INCLUDING SALES AND OTHER FINANCIAL GOALS.

Schedule J (Form 990) 2011

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE M
(Form 990)

Department of the Treasury

Internal Revenue Service

NonCash Contributions

Complete if the organization answered "Yes" on Form 990, Part IV, lines 29 or 30.
Right pointing arrow large image

Attach to Form 990.

OMB No. 1545-0047

2011

Open to Public Inspection

Name of the organization

THE CHANCELLOR MASTERS & SCHOLARS
OF THE UNIVERSITY OF OXFORD

Employer identification number

98-6001062

Part I

Types of Property

	(a) Check if applicable	(c) Noncash contribution amounts reported on Form 990, Part VIII, line 1g
1 Art—Works of art ....
2 Art—Historical treasures .
3 Art—Fractional interests ..
4 Books and publications ..	X	438,984
5 Clothing and household goods .......
6 Cars and other vehicles ..
7 Boats and planes ....
8 Intellectual property ...
9 Securities—Publicly traded .
10 Securities—Closely held stock .
11 Securities—Partnership, LLC, or trust interests ....
12 Securities—Miscellaneous ..
13 Qualified conservation contribution—Historic structures .....
14 Qualified conservation contribution—Other ...
15 Real estate—Residential .
16 Real estate—Commercial ..
17 Real estate—Other ...
18 Collectibles .....
19 Food inventory ...
20 Drugs and medical supplies .
21 Taxidermy ......
22 Historical artifacts ....
23 Scientific specimens ..
24 Archeological artifacts ...
25 Other ( )
26 Other ( )
27 Other ( )
28 Other ( )

Number of Forms 8283 received by the organization during the tax year for contributions
for which the organization completed Form 8283, Part IV, Donee Acknowledgement ...

Yes

30a

During the year, did the organization receive by contribution any property reported in Part I, lines 1-28 that it

must hold for at least three years from the date of the initial contribution, and which is not required to be used

for exempt purposes for the entire holding period? ..................

30a

If "Yes," describe the arrangement in Part II.

Does the organization have a gift acceptance policy that requires the review of any non-standard contributions?

Yes

32a

Does the organization hire or use third parties or related organizations to solicit, process, or sell noncash

contributions? ............................

32a

If "Yes," describe in Part II.

If the organization did not report revenues in column (c) for a type of property for which column (a) is checked,

describe in Part II.

For Privacy Act and Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 51227J

Schedule M (Form 990) 2011

Page 2

Part II

Supplemental Information. Complete this part to provide the information required by Part I, lines 30b,
32b, and 33 and whether the organization is reporting in Part I, column (b) the number of contributions, the number of items received, or a combination of both. Also complete this part for any additional information.

Identifier	Return Reference	Explanation

Schedule M (Form 990) 2011

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service

Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or to provide any additional information.
MediumBullet

Attach to Form 990 or 990-EZ.

OMB No. 1545-0047

2011

Open to Public
Inspection

Name of the organization

THE CHANCELLOR MASTERS & SCHOLARS
OF THE UNIVERSITY OF OXFORD

Employer identification number

98-6001062

Identifier	Return Reference	Explanation
ORGANIZATION'S MISSION	FORM 990 - ORGANIZATION'S MISSION	THE PRINCIPAL OBJECTS OF THE UNIVERSITY ARE THE ADVANCEMENT OF LEARNING BY TEACHING AND RESEARCH, AND ITS DISSEMINATION BY EVERY MEANS. THE UNIVERSITY'S COMMITMENT TO EXCELLENCE IS REFLECTED IN SIX OVER-ARCHING OBJECTIVES: TO LEAD THE INTERNATIONAL RESEARCH AGENDA ACROSS THE UNIVERSITY'S DISCIPLINARY SPECTRUM AND THROUGH INTERDISCIPLINARY INITIATIVES; TO PROVIDE AN EXCEPTIONAL EDUCATION FOR BOTH UNDERGRADUATES AND GRADUATES, CHARACTERIZED BY THE CLOSE CONTACT OF STUDENTS WITH DISTINGUISHED SCHOLARS IN SUPPORTIVE COLLEGIATE AND DEPARTMENTAL COMMUNITIES; TO ATTRACT, DEVELOP AND RETAIN ACADEMIC STAFF OF THE HIGHEST INTERNATIONAL CALIBER AND MAKE THE UNIVERSITY AND ITS COLLEGES EMPLOYERS OF CHOICE FOR STAFF IN THE INTERNATIONAL, NATIONAL AND LOCAL ENVIRONMENTS; TO RECRUIT THE VERY BEST STUDENTS NATIONALLY AND INTERNATIONALLY THROUGH AN EQUITABLE PROCESS BASED ON ACHIEVEMENT AND POTENTIAL; TO MAKE FURTHER SIGNIFICANT CONTRIBUTIONS TO SOCIETY REGIONALLY, NATIONALLY, AND INTERNATIONALLY THROUGH THE FRUITS OF ITS RESEARCH AND THE SKILLS OF ITS ALUMNI, ITS ACADEMIC AND EDUCATIONAL PUBLISHING ACTIVITIES, ITS ENTREPRENEURIAL AND CULTURAL ACTIVITIES AND POLICY LEADERSHIP, AND ITS WORK IN CONTINUING EDUCATION; TO DELIVER OUTSTANDING FACILITIES AND SERVICES AND MANAGE THEM EFFECTIVELY AND RESPONSIVELY FOR THE BENEFIT OF STUDENTS AND STAFF.
ANY SIGNIFICANT CHANGES IN CONDUCT FOR PROGRAM SERVICES	FORM 990, PAGE 2, PART III, LINE 3	EFFECTIVE MARCH 31, 2012 OXFORD UNIVERSITY PRESS, INC. FILED A CERTIFICATE OF CONVERSION AND CONVERTED TO OXFORD UNIVERSITY PRESS, LLC, A DELAWARE LIMITED LIABILITY COMPANY THE SOLE MEMBER OF WHICH IS THE UNIVERSITY. FOLLOWING THE CONVERSION, OXFORD UNIVERSITY PRESS, LLC TRANSFERRED SUBSTANTIALLY ALL OF ITS ASSETS TO THE UNIVERSITY, WHICH ASSUMED CERTAIN LIABILITIES IN CONNECTION WITH THE ASSET TRANSFER. THE PROGRAM SERVICES PREVIOUSLY CONDUCTED BY OXFORD UNIVERSITY PRESS, INC. WILL BE CONDUCTED BY OXFORD UNIVERSITY PRESS, A DIVISION OF THE UNIVERSITY.
FIRST ACCOMPLISHMENT DESCRIPTION	FORM 990, PAGE 2, PART III, LINE 4A	MORE THAN 21,000 STUDENTS FROM A DIVERSE RANGE OF BACKGROUNDS AND NATIONALITIES BENEFIT FROM OXFORD'S RESOURCES. THIS INCLUDES 11,752 UNDERGRADUATES AND 9,621 POSTGRADUATES. OXFORD'S STRATEGIC PLAN 2008/9 - 2012/13 EXPRESSES A COMMITMENT TO DISCIPLINARY EXCELLENCE ACROSS THE SPECTRUM OF THE SCIENCES, MEDICINE, THE SOCIAL SCIENCES AND THE HUMANITIES, INCLUDING SUPPORTING RESEARCH IN STATEGICALLY IMPORTANT AND VULNERABLE SUBJECTS. THE SCALE OF RESEARCH ACTIVITY AT OXFORD IS SUBSTANTIAL, INVOLVING MORE THAN 70 DEPARTMENTS, THE COLLEGES, OVER 1,600 ACADEMIC STAFF (TEACHING AND RESEARCH), MORE THAN 3,800 RESEARCH AND RESEARCH SUPPORT STAFF, AND OVER 5,300 GRADUATE RESEARCH STUDENTS. OXFORD CONSISTENTLY HAS THE HIGHEST RESEARCH INCOME FROM EXTERNAL SPONSORS OF ANY UK UNIVERSITY, EARNING U.S. 641 MILLION IN 2011-12, WHICH REPRESENTED AN INCREASE OF 3.8% OVER THE PREVIOUS YEAR. IN ADDITION TO THIS, THE HIGHER EDUCATION FUNDING COUNCIL FOR ENGLAND PROVIDED U.S.289 MILLION FOR RESEARCH. OXFORD HAS MORE WORLD-LEADING ACADEMICS (RATED 4 IN THE 2008 NATIONAL RESEARCH ASSESSMENT EXERCISE) THAN ANY OTHER UK UNIVERSITY. OXFORD ALSO HAS THE HIGHEST NUMBER OF WORLD-LEADING OR INTERNATIONALLY EXCELLENT (4 OR 3) ACADEMICS IN THE UK. OXFORD UNIVERSITY PRESS (OUP) IS A DEPARTMENT OF THE UNIVERSITY. IT FURTHERS THE UNIVERSITY'S OBJECTIVE OF EXCELLENCE IN RESEARCH, SCHOLARSHIP AND EDUCATION BY PUBLISHING WORLDWIDE. OUP IS THE WORLD'S LARGEST UNIVERSITY PRESS, WITH THE WIDEST GLOBAL PRESENCE. IT CURRENTLY PUBLISHES THOUSANDS OF NEW PUBLICATIONS A YEAR, HAS OFFICES IN AROUND 50 COUNTRIES, AND EMPLOYS SOME 6,000 PEOPLE WORLDWIDE. IT HAS BECOME FAMILIAR TO MILLIONS THROUGH A DIVERSE PUBLISHING PROGRAM THAT INCLUDES SCHOLARLY WORKS IN ALL ACADEMIC DISCIPLINES, BIBLES, MUSIC, SCHOOL AND COLLEGE TEXTBOOKS, CHILDREN'S BOOKS, MATERIALS FOR TEACHING ENGLISH AS A FOREIGN LANGUAGE, BUSINESS BOOKS, DICTIONARIES AND REFERENCE BOOKS AND ACADEMIC JOURNALS. HIGHLIGHTS FROM 2011/12 INCLUDED THE LAUNCH OF UNIVERSITY PRESS SCHOLARSHIP ONLINE, WHICH ALLOWS OTHER UNIVERSITY PRESSES TO PUBLISH THEIR MONOGRAPH CONTENT ONINE VIA AN INTUITIVE OXFORD PLATFORM; AND THE PUBLICATION OF HUNDREDS OF SCHOOLBOOKS IN SOUTH AFRICA WRITTEN IN 11 OF THE COUNTRY'S OFFICIAL LANGUAGES THAT CATER FOR A NEW CURRICULUM AT ALL SCHOOL LEVELS. OUP WON A TOTAL OF 110 PRIZES FOR ITS PUBLISHING OVER THE COURSE OF THE YEAR INCLUDING THE RENOWNED W.J.M. MACKENZIE PRIZE FOR IAIN MCLEAN'S WHAT'S WRONG WITH THE BRITISH CONSTITUTION? OXFORD WAS RANKED JOINT SECOND IN THE WORLD IN THE TIMES HIGHER EDUCATION SUPPLEMENT'S WORLD UNIVERSITY RANKINGS 2012-13. IN JUNE 2012, THE ANNUAL TIMES GOOD UNIVERSITY GUIDE NAMED OXFORD BRITAIN'S TOP UNIVERSITY FOR THE ELEVENTH YEAR RUNNING, AND IN THE SAME YEAR OXFORD UNIVERSITY WAS RANKED SECOND IN THE UK BY THE GUARDIAN AND THE SUNDAY TIMES. OXFORD UNIVERSITY HAS WON EIGHT QUEEN'S ANNIVERSARY PRIZES FOR HIGHER EDUCATION, MORE THAN ANY OTHER UNIVERSITY. THE PRIZES WERE AWARDED TO: THE WILDLIFE CONSERVATION RESEARCH UNIT (2011); THE UNIVERSITY'S MUSEUMS AND ARCHIVES (2009); THE OXFORD DICTIONARY OF NATIONAL BIOGRAPHY AT OUP (2007); THE CLINICAL TRIAL SERVICE UNIT (2005); THE REFUGEE STUDIES CENTRE (2002); THE CENTRE FOR CLINICAL VACCINOLOGY & TROPICAL MEDICINE (2000); THE WEATHERALL INSTITUTE OF MOLECULAR MEDICINE (1996); AND ISIS INNOVATION LTD. (1994). FOR MORE INFORMATION ON PROGAM SERVICE ACCOMPLISHMENTS, NEW AND EVENTS, VISIT: WWW.OX.AC.UK/NEWS PART V, LINE 3B: FILING OF FORM 990-T THE UNIVERSITY HAS FILED A REQUEST FOR AN EXTENSION OF TIME TO FILE FORM 990-T.
FINANCIAL ACCOUNTS IN FOREIGN COUNTRIES	FORM 990, PART V, LINE 4B	ARGENTINA, AUSTRALIA, BELGIUM, BRAZIL, BULGARIA, CANADA, CHILE, CHINA, CROATIA, COLOMBIA, CZECH REPUBLIC, ECUADOR, EGYPT, FRANCE, GERMANY, GREECE, HONG KONG, HUNGARY, INDIA, ITALY, JAPAN, KENYA, LATVIA, LITHUANIA, MACAU, MALAYSIA, MEXICO, NETHERLANDS, NEW ZEALAND, PAKISTAN, PERU, POLAND, PORTUGAL, SERBIA, SINGAPORE, SLOVAKIA, SOUTH AFRICA, KOREA, REPUBLIC OF (SOUTH), SPAIN, SWITZERLAND, TAIWAN, TANZANIA, THAILAND, TURKEY, UKRAINE, UNITED ARAB EMIRATES, UNITED KINGDOM, VIETNAM
SIGNIFICANT CHANGES TO ORGANIZATIONAL DOCUMENTS	FORM 990, PAGE 6, PART VI, LINE 4	DURING THE FISCAL YEAR ENDED JULY 31, 2012 THE UNIVERSITY ABOLISHED ITS COMMITTEE ON STATUTES AND REGULATIONS AND MADE AMENDMENTS TO STATUTE XIII, STUDENT MEMBERS: OTHER PROVISIONS. ALL CHANGES TO THE STATUTES REQUIRE THE APPROVAL OF CONGREGATION AND SOME MAY ALSO REQUIRE APPROVAL BY HER MAJESTY IN COUNCIL.
MATERIAL DIVERSION OF ASSETS	FORM 990, PAGE 6, PART VI, LINE 5	IN MAY 2011, OXFORD UNIVERSITY PRESS, A DEPARTMENT OF THE UNIVERSITY, WAS ALERTED BY THE WORLD BANK TO THE POSSIBILITY OF IRREGULARITIES WITH PAYMENTS RELATED TO TENDERS IN EAST AFRICA. OUP IMMEDIATELY INSTRUCTED EXTERNAL LAWYERS AND FORENSIC ACCOUNTANTS TO UNDERTAKE A COMPREHENSIVE AND DETAILED INVESTIGATION. AS A RESULT OF SUCH INVESTIGATION, IN NOVEMBER 2011 OUP VOLUNTARILY REPORTED TO THE SERIOUS FRAUD OFFICE CERTAIN CONCERNS IN RELATION TO CONTRACTS ARISING FROM A NUMBER OF TENDERS WHICH ITS KENYAN AND TANZANIAN SUBSIDIARIES (OUP EAST AFRICA AND OUP TANZANIA) ENTERED INTO BETWEEN YEARS 2007 AND 2010. BECAUSE TWO OF THE TENDERS WERE FUNDED BY THE WORLD BANK, OUP ALSO VOLUNTARILY REPORTED A POTENTIAL BREACH OF THE WORLD BANK'S PROCUREMENT GUIDELINES TO THE WORLD BANK. THE OUTCOME OF THE INVESTIGATION LED THE SFO AND WORLD BANK TO BELIEVE THAT THE TWO OUP SUBSIDIARIES HAD OFFERED AND MADE PAYMENTS, DIRECTLY AND THROUGH AGENTS, INTENDED TO INDUCE THE RECIPIENTS TO AWARD COMPETITIVE TENDERS AND/OR PUBLISHING CONTRACTS FOR SCHOOLBOOKS TO THESE TWO COMPANIES. FOLLOWING AN ACCOUNTING EXAMINATION OF THE BENEFIT OBTAINED FROM THE AFFECTED CONTRACTS, AND USING A CONSERVATIVE APPROACH TO ESTIMATE COSTS, A CIVIL RECOVERY WAS AGREED WITH THE SFO OF 1.9 MILLION POUNDS (UK) PLUS COSTS OF 12,500 POUNDS. AGREEMENT ALSO WAS REACHED WITH THE WORLD BANK THAT OUP EAST AFRICA AND OUP TANZANIA WOULD BE DEBARRED FOR A PERIOD OF THREE YEARS AND THE REST OF OUP WOULD BE CONDITIONALLY DEBARRED. OUP HAS AGREED TO MAKE A PAYMENT TO THE WORLD BANK OF 500,000 AS PART OF ITS NEGOTIATED RESOLUTION. IN ADDITION TO THESE SUMS, AND AS RECOGNITION THAT THE CONDUCT OF ITS TWO SUBSIDIARIES FELL WELL BELOW THE STANDARDS EXPECTED WITHIN OUP, THE SUM OF 2 MILLION POUNDS WILL BE CONTRIBUTED TO NOT-FOR- PROFIT ORGANIZATIONS FOR TEACHER TRAINING AND OTHER EDUCATIONAL PURPOSES IN SUB-SAHARAN AFRICA. UNDER THE NEGOTIATED RESOLUTION WITH THE WORLD BANK, OUP HAS COMMITTED TO COOPERATE WITH THE WORLD BANK'S INTEGRITY VICE PRESIDENCY AND TO CONTINUE TO IMPROVE ITS INTERNAL COMPLIANCE PROGRAM. THE ESTIMATED COSTS OF THE INDEPENDENT COMPLIANCE MONITORING HAVE BEEN INCLUDED IN THE OVERALL COSTS OF 11 MILLION POUNDS ALONG WITH THE SUMS NOTED ABOVE AND PROFESSIONAL FEES FOR THE INVESTIGATION AND LEGAL ADVICE. PROVISIONS FOR 8 MILLION POUNDS HAVE BEEN INCLUDED IN THE BALANCE SHEET RELATING TO THESE COSTS. OUP IS COMMITTED TO THE HIGHEST STANDARDS OF INTEGRITY AND BELIEVES THAT THE IMPROPER BEHAVIOR WAS CONFINED TO A SMALL PART OF THE ORGANIZATION. IT HAS STRENGTHENED MANAGEMENT IN THE REGION AND HAS TAKEN APPROPRIATE DISCIPLINARY ACTION AGAINST THOSE INVOLVED IN THE IRREGULARITIES.
ORGANIZATION'S PROCESS USED TO REVIEW FORM 990	FORM 990, PAGE 6, PART VI, LINE 11B	ONCE THE UNIVERSITY'S FINANCIAL STATEMENTS HAVE BEEN SIGNED OFF, A MEETING IS ARRANGED WITH KEY FINANCE/TAX EMPLOYEES TO IDENTIFY CHANGES TO THE PREVIOUS YEAR FORM 990, IDENTIFY CHANGES IN APPLICABLE LAW, AGREE TO THE METHODOLOGY FOR GATHERING INFORMATION AND AGREE TO A TIMETABLE FOR COMPLETION AND REVIEW OF THE FORM 990. AFTER INFORMATION HAS BEEN GATHERED, FIGURES ARE PREPARED AND RECONCILED TO THE FINANCIAL STATEMENTS. A REVIEW IS DONE AT THIS STAGE BY KEY FINANCE AND TAX STAFF TO ENSURE THE ACCURACY OF THE RETURN AND THAT ALL DETAIL HAS BEEN CAPTURED. A MEETING IS HELD WITH THE UNIVERSITY'S DIRECTOR OF FINANCE TO DISCUSS SPECIFIC ASPECTS OF THE FORM 990. PRIOR TO SUBMISSION A FINAL REVIEW OF THE FORM 990 IS UNDERTAKEN BY KEY STAFF AND IT IS APPROVED BY THE DIRECTOR OF FINANCE ON BEHALF OF THE COUNCIL (THE UNIVERSITY'S GOVERNING BODY).
ENFORCEMENT OF CONFLICTS POLICY	FORM 990, PAGE 6, PART VI, LINE 12C	UNIVERSITY STATUTES OUTLINE PROCEDURES FOR CONFLICTS OF INTEREST. ALL UNIVERSITY STAFF AND STUDENTS ARE REQUIRED TO RECOGNIZE AND DISCLOSE ACTIVITIES THAT MIGHT GIVE RISE TO CONFLICTS OF INTEREST OR THE PERCEPTION OF CONFLICTS AND TO ENSURE THAT SUCH ACTIVITIES ARE SEEN TO BE PROPERLY MANAGED OR AVOIDED. DISCLOSURE MUST BE MADE AT THE TIME THE CONFLICT FIRST ARISES, OR IT IS RECOGNIZED THAT A CONFLICT MIGHT BE PERCEIVED, IN WRITING TO THE HEAD OF DEPARTMENT (OR EQUIVALENT). FOR SENIOR OFFICERS, THE LINE OF APPROVAL IS THE VICE CHANCELLOR OR THE REGISTRAR, AS APPROPRIATE. A DECLARATION WILL BE MADE AND A WRITTEN RECORD OF THAT DECLARATION MUST BE HELD IN THE DEPARTMENT'S RECORDS. SENIOR OFFICERS MUST MAKE AN ANNUAL DECLARATION OF EXTERNAL INTERESTS TO THE CONFLICTS OF INTEREST COMMITTEE.
COMPENSATION PROCESS FOR TOP OFFICIAL	FORM 990, PAGE 6, PART VI, LINE 15A	THE UNIVERSITY HAS A COMMITTEE THAT REVIEWS AND DETERMINES THE SALARIES OF SENIOR UNIVERSITY OFFICERS. THE COMMITTEE IS RESPONSIBLE FOR MAKING RECOMMENDATIONS TO THE COUNCIL (THE GOVERNING BODY OF THE UNIVERSITY) ON THE APPOINTMENT OF THE VICE-CHANCELLOR, THE REGISTRAR, AND THE DIRECTOR OF FINANCE. IT IS RESPONSIBLE FOR REVIEWING THE SALARIES OF EACH OF THOSE OFFICERS WITH EFFECT FROM OCTOBER 1 OF THE YEAR THAT IS TWO CALENDAR YEARS AFTER THE STARTING SALARIES WERE SET FOR SUCH OFFICER. THE DATE ON WHICH THIS PROCESS WAS LAST UNDERTAKEN FOR THE CURRENT SENIOR OFFICERS WAS: VICE-CHANCELLOR, OCTOBER 1, 2009; REGISTRAR, OCTOBER 1, 2011; DIRECTOR OF FINANCE, OCTOBER 1, 2008. THE COMMITTEE ROUTINELY REVIEWS COMPARABILITY DATA TO DETERMINE SENIOR OFFICER SALARIES.
COMPENSATION PROCESS FOR OFFICERS	FORM 990, PAGE 6, PART VI, LINE 15B	THE UNIVERSITY HAS A COMMITTEE THAT REVIEWS AND DETERMINES THE SALARIES OF UNIVERSITY OFFICERS. FOR EMPLOYEES OTHER THAN SENIOR OFFICERS, COMPENSATION IS DETERMINED ON A GRADED BASIS BY THE UNIVERSITY PERSONNEL COMMITTEE. THIS COMMITTEE FOLLOWS THE NATIONAL AGREEMENT FRAMEWORK, WHICH IS A PAY STRUCTURE DEVELOPED BY TRADE UNIONS AND HIGHER EDUCATION EMPLOYERS. GRADES ARE BASED ON A JOB EVALUATION/ROLE ANALYSIS. IT ALSO FOLLOWS THE HIGHER EDUCATION ROLE ANALYSIS WHICH IS SPECIFICALLY DESIGNED FOR THE HIGHER EDUCATION SECTOR IN ENGLAND. THIS COMPRISES OF AN ANALYTICAL JOB EVALUATION SCHEME TO DETERMINE COMPENSATION.
GOVERNING DOCUMENTS DISCLOSURE EXPLANATION	FORM 990, PAGE 6, PART VI, LINE 19	GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE ON THE UNIVERSITY'S WEBSITE OR ON REQUEST.
OTHER CHANGES IN NET ASSETS EXPLANATION	FORM 990, PART XI, LINE 5	CHANGE IN NET ASSETS OF 770,237,353 IS COMPRISED OF THE FOLLOWING ITEMS: DECREASE IN PERMANENT ENDOWMENTS: (10,190,700) INCREASE IN EXPENDABLE ENDOWMENTS: 19,850,682 INCREASE IN REVALUATION RESERVE: 16,148,340 INCREASE IN DEFERRED CAPITAL GRANTS: 31,983,120 EXCHANGE DIFFERENCE: (218,966,425) OTHER CHANGES: 1,607,150 CHANGE IN OPENING RESERVES: (687,366,559) (DUE TO CHANGE IN BASIS OF PREPARATION) TRANSFER OF OUP INC. BUSINESS TO UNIVERSITY: 76,697,039 OXFORD UNIVERSITY PRESS, INC. (OUP INC.) WAS UNTIL MARCH 31, 2012 A SEPARATELY CONSTITUTED NOT-FOR-PROFIT CORPORATION INCORPORATED IN THE STATE OF DELAWARE, USA. AT THAT DATE, OUP INC. AGREED TO TRANSFER ITS ENTIRE BUSINESS TO OXFORD UNIVERSITY PRESS USA, AN UNINCORPORATED BRANCH OF OXFORD UNIVERSITY PRESS, WHICH IS A PART OF THE UNIVERSITY.

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 51056K

Schedule O (Form 990 or 990-EZ) 2011

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE R
(Form 990)

Department of the Treasury
Internal Revenue Service

Related Organizations and Unrelated Partnerships

Complete if the organization answered "Yes" to Form 990, Part IV, line 33, 34, 35, 36, or 37.
MediumBullet

Attach to Form 990. MediumBullet

See separate instructions.

OMB No. 1545-0047

2011

Open to Public Inspection

Name of the organization

THE CHANCELLOR MASTERS & SCHOLARS
OF THE UNIVERSITY OF OXFORD

Employer identification number

98-6001062

Part I

Identification of Disregarded Entities (Complete if the organization answered "Yes" on Form 990, Part IV, line 33.)

(a) Name, address, and EIN of disregarded entity	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Total income	(e) End-of-year assets	(f) Direct controlling entity

Part II

Identification of Related Tax-Exempt Organizations (Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related tax-exempt organizations during the tax year.)

(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Exempt Code section	(e) Public charity status (if section 501(c)(3))	(f) Direct controlling entity	(g) Section 512(b)(13) controlled organization
(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Exempt Code section	(e) Public charity status (if section 501(c)(3))	(f) Direct controlling entity	Yes	No
(1) OXFORD UNIVERSITY PRESS INC 198 MADISON AVENUE NEW YORK,NY10016 23-7398718		NY	501(C)	7	N/A		No
(2) OXFORD UNIV DEV (NA) INC 500 FIFTH AVENUE NEW YORK,NY10110 13-3497066		NY	501(C)	9	N/A		No

For Privacy Act and Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 50135Y

Schedule R (Form 990) 2011

Page 2

Part III

Identification of Related Organizations Taxable as a Partnership (Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related organizations treated as a partnership during the tax year.)

(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity	(f) Share of total income	(g) Share of end-of-year assets	(h) Disproprtionate allocations?		(i) Code VUBI amount in box 20 of Schedule K-1 (Form 1065)	(j) General or managing partner?
(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity	(f) Share of total income	(g) Share of end-of-year assets	Yes	No	(i) Code VUBI amount in box 20 of Schedule K-1 (Form 1065)	Yes	No

Part IV

Identification of Related Organizations Taxable as a Corporation or Trust (Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related organizations treated as a corporation or trust during the tax year.)

(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity	(e) Type of entity (C corp, S corp, or trust)	(f) Share of total income	(g) Share of end-of-year assets	(h) Percentage ownership
(1) INSTRUCT ACADEMIC SERVICES LTD UNIVERSITY OFFICES WELLINGTON SQUARE OXFORD OX12JD UK	SCIENTIFIC	UK	OXFORD UNIVERSITY	C CORP	518,942	432,713	100.000 %
(2) ISIS INNOVATION LTD UNIVERSITY OFFICES WELLINGTON SQUARE OXFORD OX12JD UK	RESEARCH	UK	OXFORD UNIVERSITY	C CORP	15,919,441	6,931,244	100.000 %
(3) ISIS INNOVATION (HK) LTD LEVEL 12 INFINITUS PLAZA 199 DES VOEUX ROAD CENTRAL SHEUNG WANG,HONG KONG HK	RESEARCH	HK	ISIS INNOV LTD	C CORP	74,825	26,259	100.000 %
(4) OSBS PROGRAMMES LTD UNIVERSITY OFFICES WELLINGTON SQUARE OXFORD OX12JD UK	EDUCATION	UK	OXFORD SAID BUSINESS SCHOOL	C CORP	13,421,936	4,444,713	100.000 %
(5) OXFORD CAPITAL FUND (GP) LTD UNIVERSITY OFFICES WELLINGTON SQUARE OXFORD OX12JD UK	INVESTMENT	UK	OXFORD UNIVERSITY ENDOWMENT MGMT LTD	C CORP	2,270,174	192,839	100.000 %
(6) OXFORD MUTUAL LTD UNIVERSITY OFFICES WELLINGTON SQUARE OXFORD OX12JD UK	INSURANCE	UK	OXFORD UNIVERSITY	C CORP	3,025,854	2,135,344	100.000 %
(7) OXFORD SAID BUSINESS SCHOOL UNIVERSITY OFFICES WELLINGTON SQUARE OXFORD OX12JD UK	EDUCATION	UK	OXFORD UNIVERSITY	C CORP	15,619,991	9,453,834	100.000 %
(8) OXFORD UNIV (BEIJING) SCI & TECH 20TH FLOOR KERRY CENTRE N TOWER 1 GUANGHUA RD CHAOYAND DISTRICT BEIJING CH	RESEARCH	CH	OXFORD UNIVERSITY	C CORP	5,896,292	1,128,811	100.000 %
(9) OXFORD UNIV ENDOWMENT MGMT UNIVERSITY OFFICES WELLINGTON SQUARE OXFORD OX12JD UK	INVESTMENT	UK	OXFORD UNIVERSITY	C CORP	8,400,272	6,351,158	100.000 %
(10) OXFORD UNIV FIXED ASSETS LTD UNIVERSITY OFFICES WELLINGTON SQUARE OXFORD OX12JD UK	MANAGEMENT	UK	OXFORD UNIVERSITY	C CORP	88,839,387	37,313,640	100.000 %
(11) OXFORD UNIV TRADING LTD UNIVERSITY OFFICES WELLINGTON SQUARE OXFORD OX12JD UK	RETAIL	UK	OXFORD UNIVERSITY	C CORP	28,925,910	14,547,616	100.000 %
(12) GRAY LAB CANCER RESEARCH TR UNIVERSITY OFFICES WELLINGTON SQUARE OXFORD OX12JD UK	RESEARCH	UK	OXFORD UNIVERSITY	C CORP	1,723,012	3,369,202	100.000 %
(13) UNIV OF OXFORD CHINA OFFICE LTD SUITE 4018 COSCO TOWER 181-83 QUEENS RD CENTRAL HONG KONG HK	FUNDRAISIN	HK	OXFORD UNIVERSITY	C CORP	541,076	300,326	100.000 %
(14) VOLTAIRE FOUNDATION 99 BANBURY ROAD OXFORD OX26JX UK	PUBLISHING	UK	OXFORD UNIVERSITY	C CORP	940,680	939,112	100.000 %
(15) OXFORD U PRESS ESPANA PARQUE EMPRESARIAL SAN FERNANDO EDIFICIO ATENAS ESC A PLANTA 1 MADRID,SPAIN28830 SP	PUBLISHING	SP	OXFORD PUBLISHING LTD	C CORP	6,282,103	50,141,688	100.000 %
(16) OXFORD U PRESS KABUSHIKI KAISHA TMACHI PLACE 3F 4-17-5 SHIBA MINATO-KU TOKYO,JAPAN108-8286 JA	PUBLISHING	JA	OXFORD UNIVERSITY	C CORP	1,900,619	17,103,820	100.000 %
(17) OXFORD FAJAR SDN BERHAD 4 JALAN PEMAJU U1/15 SEKSYEN U1 HICOM-GLENMARIE IND PARK SELANGOR DARUL EHSAN,MALAYSIA40150 MY	PUBLISHING	MY	OXFORD UNIVERSITY (OELT)	C CORP	610,737	8,032,177	70.000 %
(18) OXFORD U PRESS (CHINA) LTD 18/F WARWICK HOUSE EAST TAIKOO PL 979 KINGS RD QUARRY BAY HONG KONG HK	PUBLISHING	HK	OXFORD UNIVERSITY	C CORP	7,441,273	13,237,529	100.000 %
(19) OUP (SHANGHAI) LTD STE 13 U 1901 LEV 19 TOWER E2 1 E CHANG AN AVE DONG CHENG DIST BEIJING,CHINA100738 CH	PUBLISHING	CH	OUP (CHINA) LTD	C CORP	30,892	2,208,905	100.000 %
(20) OXFORD U PRESS GMBH LISE MEITNER STRASSE 1 BERLIN,GERMANY10589 GM	PUBLISHING	GM	OXFORD PUBLISHING LTD	C CORP	40,190	393,119	100.000 %
(21) OELT LTD GREAT CLARENDON STREET OXFORD,UNITED KINGDOMOX26DP UK	PUBLISHING	UK	OXFORD UNIVERSITY	C CORP	12,179	85,048	100.000 %
(22) OXFORD PUBLISHING LTD GREAT CLARENDON STREET OXFORD,UNITED KINGDOMOX26DP UK	PUBLISHING	UK	OXFORD UNIVERSITY	C CORP	6,803	40,960	100.000 %
(23) MYMATHS LTD GREAT CLARENDON STREET OXFORD,UNITED KINGDOMOX26DP UK	PUBLISHING	UK	OXFORD UNIVERSITY	C CORP	-676		100.000 %
(24) MYMATHS PROPRIETARY LTD GREAT CLARENDON STREET OXFORD,UNITED KINGDOMOX26DP AS	PUBLISHING	AS	OXFORD UNIVERSITY	C CORP			100.000 %
(25) OXUNIPRINT LTD GREAT CLARENDON STREET OXFORD,UNITED KINGDOMOX26DP UK	PUBLISHING	UK	OXFORD UNIVERSITY	C CORP	-112,038	66,001	100.000 %
(26) OXFORD YAYINCILIK LTD STI NESET OMER SOKAK 4/4 KADIKOY ISTANBUL,TURKEY34710 TU	PUBLISHING	TU	OXFORD PUBLISHING LTD	C CORP	121,415	5,194,164	100.000 %
(27) OUP MEXICO SA DE CV ANTONIO CASO 142 COL SAN RAFAEL DEL CUAUHTEMOC MEXICO,DF06470 MX	PUBLISHING	MX	OXFORD PUBLISHING LTD	C CORP	2,489,835	23,089,002	100.000 %
(28) OUP DO BRASIL PUB LTA AV JAGUARE 818 GALPOES 30/31 SAO PAOLO,BRAZIL05346 BR	PUBLISHING	BR	OXFORD PUBLISHING LTD	C CORP	891,949	16,934,140	100.000 %
(29) OUP EAST AFRICA LTD UPPER HILL ELGON ROAD PO BOX 72532-00100 NAIROBI,KENYA KE	PUBLISHING	KE	OXFORD PUBLISHING LTD	C CORP	1,935	12,943	100.000 %
(30) OUP TANZANIA LTD PLOT 149 MIKOCHENI B OLD BAGAMOYO RD DAR ES SALAAM,TANZANIA TZ	PUBLISHING	TZ	OXFORD UNIVERSITY	C CORP	583	3,685	100.000 %
(31) OUP SOUTHERN AFRICA (PROP) LTD VASCO BLVD N1 CITY GOODWOOD CAPE TOWN,SOUTH AFRICA7460 SF	PUBLISHING	SF	OXFORD UNIVERSITY	C CORP	4,875,837	54,110,352	75.000 %
(32) OUP SA (PROPERTIES) LTD VASCO BLVD N1 CITY GOODWOOD CAPE TOWN,SOUTH AFRICA7460 SF	PUBLISHING	SF	OXFORD UNIVERSITY	C CORP	200,970	3,174,717	100.000 %
(33) DENTINGAN KEJAYAAN SDN BHD 4 JALAN PEMAJU U1/15 SEKSYEN U1 HICOM-GLENMARIE IND PARK SHAH ALAM,SELANGOR DARUL EHSAN40150 MY	PUBLISHING	MY	OXFORD UNIVERSITY	C CORP	141,556	1,956,083	100.000 %
(34) OXFORD LTD UNIVERSITY OFFICES OXFORD,UNITED KINGDOMOX12JD UK	RETAIL	UK	OXFORD UNIVERSITY	C CORP	2,425,387	815,256	100.000 %
(35) INSTRUCT ACADEMIC SERVICES LTD UNIVERSITY OFFICES WELLINGTON SQUARE OXFORD OX12JD UK	SCIENTIFIC	UK	OXFORD UNIVERSITY	C CORP	518,942	432,713	100.000 %
(36) ISIS INNOVATION LTD UNIVERSITY OFFICES WELLINGTON SQUARE OXFORD OX12JD UK	RESEARCH	UK	OXFORD UNIVERSITY	C CORP	15,919,441	6,931,244	100.000 %
(37) ISIS INNOVATION (HK) LTD LEVEL 12 INFINITUS PLAZA 199 DES VOEUX ROAD CENTRAL SHEUNG WANG,HONG KONG HK	RESEARCH	HK	ISIS INNOV LTD	C CORP	74,825	26,259	100.000 %
(38) OSBS PROGRAMMES LTD UNIVERSITY OFFICES WELLINGTON SQUARE OXFORD OX12JD UK	EDUCATION	UK	OXFORD SAID BUSINESS SCHOOL	C CORP	13,421,936	4,444,713	100.000 %
(39) OXFORD CAPITAL FUND (GP) LTD UNIVERSITY OFFICES WELLINGTON SQUARE OXFORD OX12JD UK	INVESTMENT	UK	OXFORD UNIVERSITY ENDOWMENT MGMT LTD	C CORP	2,270,174	192,839	100.000 %
(40) OXFORD MUTUAL LTD UNIVERSITY OFFICES WELLINGTON SQUARE OXFORD OX12JD UK	INSURANCE	UK	OXFORD UNIVERSITY	C CORP	3,025,854	2,135,344	100.000 %
(41) OXFORD SAID BUSINESS SCHOOL UNIVERSITY OFFICES WELLINGTON SQUARE OXFORD OX12JD UK	EDUCATION	UK	OXFORD UNIVERSITY	C CORP	15,619,991	9,453,834	100.000 %
(42) OXFORD UNIV (BEIJING) SCI & TECH 20TH FLOOR KERRY CENTRE N TOWER 1 GUANGHUA RD CHAOYAND DISTRICT BEIJING CH	RESEARCH	CH	OXFORD UNIVERSITY	C CORP	5,896,292	1,128,811	100.000 %
(43) OXFORD UNIV ENDOWMENT MGMT UNIVERSITY OFFICES WELLINGTON SQUARE OXFORD OX12JD UK	INVESTMENT	UK	OXFORD UNIVERSITY	C CORP	8,400,272	6,351,158	100.000 %
(44) OXFORD UNIV FIXED ASSETS LTD UNIVERSITY OFFICES WELLINGTON SQUARE OXFORD OX12JD UK	MANAGEMENT	UK	OXFORD UNIVERSITY	C CORP	88,839,387	37,313,640	100.000 %
(45) OXFORD UNIV TRADING LTD UNIVERSITY OFFICES WELLINGTON SQUARE OXFORD OX12JD UK	RETAIL	UK	OXFORD UNIVERSITY	C CORP	28,925,910	14,547,616	100.000 %
(46) GRAY LAB CANCER RESEARCH TR UNIVERSITY OFFICES WELLINGTON SQUARE OXFORD OX12JD UK	RESEARCH	UK	OXFORD UNIVERSITY	C CORP	1,723,012	3,369,202	100.000 %
(47) UNIV OF OXFORD CHINA OFFICE LTD SUITE 4018 COSCO TOWER 181-83 QUEENS RD CENTRAL HONG KONG HK	FUNDRAISIN	HK	OXFORD UNIVERSITY	C CORP	541,076	300,326	100.000 %
(48) VOLTAIRE FOUNDATION 99 BANBURY ROAD OXFORD OX26JX UK	PUBLISHING	UK	OXFORD UNIVERSITY	C CORP	940,680	939,112	100.000 %
(49) OXFORD U PRESS ESPANA PARQUE EMPRESARIAL SAN FERNANDO EDIFICIO ATENAS ESC A PLANTA 1 MADRID,SPAIN28830 SP	PUBLISHING	SP	OXFORD PUBLISHING LTD	C CORP	6,282,103	50,141,688	100.000 %
(50) OXFORD U PRESS KABUSHIKI KAISHA TMACHI PLACE 3F 4-17-5 SHIBA MINATO-KU TOKYO,JAPAN108-8286 JA	PUBLISHING	JA	OXFORD UNIVERSITY	C CORP	1,900,619	17,103,820	100.000 %
(51) OXFORD FAJAR SDN BERHAD 4 JALAN PEMAJU U1/15 SEKSYEN U1 HICOM-GLENMARIE IND PARK SELANGOR DARUL EHSAN,MALAYSIA40150 MY	PUBLISHING	MY	OXFORD UNIVERSITY (OELT)	C CORP	610,737	8,032,177	70.000 %
(52) OXFORD U PRESS (CHINA) LTD 18/F WARWICK HOUSE EAST TAIKOO PL 979 KINGS RD QUARRY BAY HONG KONG HK	PUBLISHING	HK	OXFORD UNIVERSITY	C CORP	7,441,273	13,237,529	100.000 %
(53) OUP (SHANGHAI) LTD STE 13 U 1901 LEV 19 TOWER E2 1 E CHANG AN AVE DONG CHENG DIST BEIJING,CHINA100738 CH	PUBLISHING	CH	OUP (CHINA) LTD	C CORP	30,892	2,208,905	100.000 %
(54) OXFORD U PRESS GMBH LISE MEITNER STRASSE 1 BERLIN,GERMANY10589 GM	PUBLISHING	GM	OXFORD PUBLISHING LTD	C CORP	40,190	393,119	100.000 %
(55) OELT LTD GREAT CLARENDON STREET OXFORD,UNITED KINGDOMOX26DP UK	PUBLISHING	UK	OXFORD UNIVERSITY	C CORP	12,179	85,048	100.000 %
(56) OXFORD PUBLISHING LTD GREAT CLARENDON STREET OXFORD,UNITED KINGDOMOX26DP UK	PUBLISHING	UK	OXFORD UNIVERSITY	C CORP	6,803	40,960	100.000 %
(57) MYMATHS LTD GREAT CLARENDON STREET OXFORD,UNITED KINGDOMOX26DP UK	PUBLISHING	UK	OXFORD UNIVERSITY	C CORP	-676		100.000 %
(58) MYMATHS PROPRIETARY LTD GREAT CLARENDON STREET OXFORD,UNITED KINGDOMOX26DP AS	PUBLISHING	AS	OXFORD UNIVERSITY	C CORP			100.000 %
(59) OXUNIPRINT LTD GREAT CLARENDON STREET OXFORD,UNITED KINGDOMOX26DP UK	PUBLISHING	UK	OXFORD UNIVERSITY	C CORP	-112,038	66,001	100.000 %
(60) OXFORD YAYINCILIK LTD STI NESET OMER SOKAK 4/4 KADIKOY ISTANBUL,TURKEY34710 TU	PUBLISHING	TU	OXFORD PUBLISHING LTD	C CORP	121,415	5,194,164	100.000 %
(61) OUP MEXICO SA DE CV ANTONIO CASO 142 COL SAN RAFAEL DEL CUAUHTEMOC MEXICO,DF06470 MX	PUBLISHING	MX	OXFORD PUBLISHING LTD	C CORP	2,489,835	23,089,002	100.000 %
(62) OUP DO BRASIL PUB LTA AV JAGUARE 818 GALPOES 30/31 SAO PAOLO,BRAZIL05346 BR	PUBLISHING	BR	OXFORD PUBLISHING LTD	C CORP	891,949	16,934,140	100.000 %
(63) OUP EAST AFRICA LTD UPPER HILL ELGON ROAD PO BOX 72532-00100 NAIROBI,KENYA KE	PUBLISHING	KE	OXFORD PUBLISHING LTD	C CORP	1,935	12,943	100.000 %
(64) OUP TANZANIA LTD PLOT 149 MIKOCHENI B OLD BAGAMOYO RD DAR ES SALAAM,TANZANIA TZ	PUBLISHING	TZ	OXFORD UNIVERSITY	C CORP	583	3,685	100.000 %
(65) OUP SOUTHERN AFRICA (PROP) LTD VASCO BLVD N1 CITY GOODWOOD CAPE TOWN,SOUTH AFRICA7460 SF	PUBLISHING	SF	OXFORD UNIVERSITY	C CORP	4,875,837	54,110,352	75.000 %
(66) OUP SA (PROPERTIES) LTD VASCO BLVD N1 CITY GOODWOOD CAPE TOWN,SOUTH AFRICA7460 SF	PUBLISHING	SF	OXFORD UNIVERSITY	C CORP	200,970	3,174,717	100.000 %
(67) DENTINGAN KEJAYAAN SDN BHD 4 JALAN PEMAJU U1/15 SEKSYEN U1 HICOM-GLENMARIE IND PARK SHAH ALAM,SELANGOR DARUL EHSAN40150 MY	PUBLISHING	MY	OXFORD UNIVERSITY	C CORP	141,556	1,956,083	100.000 %
(68) OXFORD LTD UNIVERSITY OFFICES OXFORD,UNITED KINGDOMOX12JD UK	RETAIL	UK	OXFORD UNIVERSITY	C CORP	2,425,387	815,256	100.000 %
(69) INSTRUCT ACADEMIC SERVICES LTD UNIVERSITY OFFICES WELLINGTON SQUARE OXFORD OX12JD UK	SCIENTIFIC	UK	OXFORD UNIVERSITY	C CORP	518,942	432,713	100.000 %
(70) ISIS INNOVATION LTD UNIVERSITY OFFICES WELLINGTON SQUARE OXFORD OX12JD UK	RESEARCH	UK	OXFORD UNIVERSITY	C CORP	15,919,441	6,931,244	100.000 %
(71) ISIS INNOVATION (HK) LTD LEVEL 12 INFINITUS PLAZA 199 DES VOEUX ROAD CENTRAL SHEUNG WANG,HONG KONG HK	RESEARCH	HK	ISIS INNOV LTD	C CORP	74,825	26,259	100.000 %
(72) OSBS PROGRAMMES LTD UNIVERSITY OFFICES WELLINGTON SQUARE OXFORD OX12JD UK	EDUCATION	UK	OXFORD SAID BUSINESS SCHOOL	C CORP	13,421,936	4,444,713	100.000 %
(73) OXFORD CAPITAL FUND (GP) LTD UNIVERSITY OFFICES WELLINGTON SQUARE OXFORD OX12JD UK	INVESTMENT	UK	OXFORD UNIVERSITY ENDOWMENT MGMT LTD	C CORP	2,270,174	192,839	100.000 %
(74) OXFORD MUTUAL LTD UNIVERSITY OFFICES WELLINGTON SQUARE OXFORD OX12JD UK	INSURANCE	UK	OXFORD UNIVERSITY	C CORP	3,025,854	2,135,344	100.000 %
(75) OXFORD SAID BUSINESS SCHOOL UNIVERSITY OFFICES WELLINGTON SQUARE OXFORD OX12JD UK	EDUCATION	UK	OXFORD UNIVERSITY	C CORP	15,619,991	9,453,834	100.000 %
(76) OXFORD UNIV (BEIJING) SCI & TECH 20TH FLOOR KERRY CENTRE N TOWER 1 GUANGHUA RD CHAOYAND DISTRICT BEIJING CH	RESEARCH	CH	OXFORD UNIVERSITY	C CORP	5,896,292	1,128,811	100.000 %
(77) OXFORD UNIV ENDOWMENT MGMT UNIVERSITY OFFICES WELLINGTON SQUARE OXFORD OX12JD UK	INVESTMENT	UK	OXFORD UNIVERSITY	C CORP	8,400,272	6,351,158	100.000 %
(78) OXFORD UNIV FIXED ASSETS LTD UNIVERSITY OFFICES WELLINGTON SQUARE OXFORD OX12JD UK	MANAGEMENT	UK	OXFORD UNIVERSITY	C CORP	88,839,387	37,313,640	100.000 %
(79) OXFORD UNIV TRADING LTD UNIVERSITY OFFICES WELLINGTON SQUARE OXFORD OX12JD UK	RETAIL	UK	OXFORD UNIVERSITY	C CORP	28,925,910	14,547,616	100.000 %
(80) GRAY LAB CANCER RESEARCH TR UNIVERSITY OFFICES WELLINGTON SQUARE OXFORD OX12JD UK	RESEARCH	UK	OXFORD UNIVERSITY	C CORP	1,723,012	3,369,202	100.000 %
(81) UNIV OF OXFORD CHINA OFFICE LTD SUITE 4018 COSCO TOWER 181-83 QUEENS RD CENTRAL HONG KONG HK	FUNDRAISIN	HK	OXFORD UNIVERSITY	C CORP	541,076	300,326	100.000 %
(82) VOLTAIRE FOUNDATION 99 BANBURY ROAD OXFORD OX26JX UK	PUBLISHING	UK	OXFORD UNIVERSITY	C CORP	940,680	939,112	100.000 %
(83) OXFORD U PRESS ESPANA PARQUE EMPRESARIAL SAN FERNANDO EDIFICIO ATENAS ESC A PLANTA 1 MADRID,SPAIN28830 SP	PUBLISHING	SP	OXFORD PUBLISHING LTD	C CORP	6,282,103	50,141,688	100.000 %
(84) OXFORD U PRESS KABUSHIKI KAISHA TMACHI PLACE 3F 4-17-5 SHIBA MINATO-KU TOKYO,JAPAN108-8286 JA	PUBLISHING	JA	OXFORD UNIVERSITY	C CORP	1,900,619	17,103,820	100.000 %
(85) OXFORD FAJAR SDN BERHAD 4 JALAN PEMAJU U1/15 SEKSYEN U1 HICOM-GLENMARIE IND PARK SELANGOR DARUL EHSAN,MALAYSIA40150 MY	PUBLISHING	MY	OXFORD UNIVERSITY (OELT)	C CORP	610,737	8,032,177	70.000 %
(86) OXFORD U PRESS (CHINA) LTD 18/F WARWICK HOUSE EAST TAIKOO PL 979 KINGS RD QUARRY BAY HONG KONG HK	PUBLISHING	HK	OXFORD UNIVERSITY	C CORP	7,441,273	13,237,529	100.000 %
(87) OUP (SHANGHAI) LTD STE 13 U 1901 LEV 19 TOWER E2 1 E CHANG AN AVE DONG CHENG DIST BEIJING,CHINA100738 CH	PUBLISHING	CH	OUP (CHINA) LTD	C CORP	30,892	2,208,905	100.000 %
(88) OXFORD U PRESS GMBH LISE MEITNER STRASSE 1 BERLIN,GERMANY10589 GM	PUBLISHING	GM	OXFORD PUBLISHING LTD	C CORP	40,190	393,119	100.000 %
(89) OELT LTD GREAT CLARENDON STREET OXFORD,UNITED KINGDOMOX26DP UK	PUBLISHING	UK	OXFORD UNIVERSITY	C CORP	12,179	85,048	100.000 %
(90) OXFORD PUBLISHING LTD GREAT CLARENDON STREET OXFORD,UNITED KINGDOMOX26DP UK	PUBLISHING	UK	OXFORD UNIVERSITY	C CORP	6,803	40,960	100.000 %
(91) MYMATHS LTD GREAT CLARENDON STREET OXFORD,UNITED KINGDOMOX26DP UK	PUBLISHING	UK	OXFORD UNIVERSITY	C CORP	-676		100.000 %
(92) MYMATHS PROPRIETARY LTD GREAT CLARENDON STREET OXFORD,UNITED KINGDOMOX26DP AS	PUBLISHING	AS	OXFORD UNIVERSITY	C CORP			100.000 %
(93) OXUNIPRINT LTD GREAT CLARENDON STREET OXFORD,UNITED KINGDOMOX26DP UK	PUBLISHING	UK	OXFORD UNIVERSITY	C CORP	-112,038	66,001	100.000 %
(94) OXFORD YAYINCILIK LTD STI NESET OMER SOKAK 4/4 KADIKOY ISTANBUL,TURKEY34710 TU	PUBLISHING	TU	OXFORD PUBLISHING LTD	C CORP	121,415	5,194,164	100.000 %
(95) OUP MEXICO SA DE CV ANTONIO CASO 142 COL SAN RAFAEL DEL CUAUHTEMOC MEXICO,DF06470 MX	PUBLISHING	MX	OXFORD PUBLISHING LTD	C CORP	2,489,835	23,089,002	100.000 %
(96) OUP DO BRASIL PUB LTA AV JAGUARE 818 GALPOES 30/31 SAO PAOLO,BRAZIL05346 BR	PUBLISHING	BR	OXFORD PUBLISHING LTD	C CORP	891,949	16,934,140	100.000 %
(97) OUP EAST AFRICA LTD UPPER HILL ELGON ROAD PO BOX 72532-00100 NAIROBI,KENYA KE	PUBLISHING	KE	OXFORD PUBLISHING LTD	C CORP	1,935	12,943	100.000 %
(98) OUP TANZANIA LTD PLOT 149 MIKOCHENI B OLD BAGAMOYO RD DAR ES SALAAM,TANZANIA TZ	PUBLISHING	TZ	OXFORD UNIVERSITY	C CORP	583	3,685	100.000 %
(99) OUP SOUTHERN AFRICA (PROP) LTD VASCO BLVD N1 CITY GOODWOOD CAPE TOWN,SOUTH AFRICA7460 SF	PUBLISHING	SF	OXFORD UNIVERSITY	C CORP	4,875,837	54,110,352	75.000 %
(100) OUP SA (PROPERTIES) LTD VASCO BLVD N1 CITY GOODWOOD CAPE TOWN,SOUTH AFRICA7460 SF	PUBLISHING	SF	OXFORD UNIVERSITY	C CORP	200,970	3,174,717	100.000 %
(101) DENTINGAN KEJAYAAN SDN BHD 4 JALAN PEMAJU U1/15 SEKSYEN U1 HICOM-GLENMARIE IND PARK SHAH ALAM,SELANGOR DARUL EHSAN40150 MY	PUBLISHING	MY	OXFORD UNIVERSITY	C CORP	141,556	1,956,083	100.000 %
(102) OXFORD LTD UNIVERSITY OFFICES OXFORD,UNITED KINGDOMOX12JD UK	RETAIL	UK	OXFORD UNIVERSITY	C CORP	2,425,387	815,256	100.000 %
(103) INSTRUCT ACADEMIC SERVICES LTD UNIVERSITY OFFICES WELLINGTON SQUARE OXFORD OX12JD UK	SCIENTIFIC	UK	OXFORD UNIVERSITY	C CORP	518,942	432,713	100.000 %
(104) ISIS INNOVATION LTD UNIVERSITY OFFICES WELLINGTON SQUARE OXFORD OX12JD UK	RESEARCH	UK	OXFORD UNIVERSITY	C CORP	15,919,441	6,931,244	100.000 %
(105) ISIS INNOVATION (HK) LTD LEVEL 12 INFINITUS PLAZA 199 DES VOEUX ROAD CENTRAL SHEUNG WANG,HONG KONG HK	RESEARCH	HK	ISIS INNOV LTD	C CORP	74,825	26,259	100.000 %
(106) OSBS PROGRAMMES LTD UNIVERSITY OFFICES WELLINGTON SQUARE OXFORD OX12JD UK	EDUCATION	UK	OXFORD SAID BUSINESS SCHOOL	C CORP	13,421,936	4,444,713	100.000 %
(107) OXFORD CAPITAL FUND (GP) LTD UNIVERSITY OFFICES WELLINGTON SQUARE OXFORD OX12JD UK	INVESTMENT	UK	OXFORD UNIVERSITY ENDOWMENT MGMT LTD	C CORP	2,270,174	192,839	100.000 %
(108) OXFORD MUTUAL LTD UNIVERSITY OFFICES WELLINGTON SQUARE OXFORD OX12JD UK	INSURANCE	UK	OXFORD UNIVERSITY	C CORP	3,025,854	2,135,344	100.000 %
(109) OXFORD SAID BUSINESS SCHOOL UNIVERSITY OFFICES WELLINGTON SQUARE OXFORD OX12JD UK	EDUCATION	UK	OXFORD UNIVERSITY	C CORP	15,619,991	9,453,834	100.000 %
(110) OXFORD UNIV (BEIJING) SCI & TECH 20TH FLOOR KERRY CENTRE N TOWER 1 GUANGHUA RD CHAOYAND DISTRICT BEIJING CH	RESEARCH	CH	OXFORD UNIVERSITY	C CORP	5,896,292	1,128,811	100.000 %
(111) OXFORD UNIV ENDOWMENT MGMT UNIVERSITY OFFICES WELLINGTON SQUARE OXFORD OX12JD UK	INVESTMENT	UK	OXFORD UNIVERSITY	C CORP	8,400,272	6,351,158	100.000 %
(112) OXFORD UNIV FIXED ASSETS LTD UNIVERSITY OFFICES WELLINGTON SQUARE OXFORD OX12JD UK	MANAGEMENT	UK	OXFORD UNIVERSITY	C CORP	88,839,387	37,313,640	100.000 %
(113) OXFORD UNIV TRADING LTD UNIVERSITY OFFICES WELLINGTON SQUARE OXFORD OX12JD UK	RETAIL	UK	OXFORD UNIVERSITY	C CORP	28,925,910	14,547,616	100.000 %
(114) GRAY LAB CANCER RESEARCH TR UNIVERSITY OFFICES WELLINGTON SQUARE OXFORD OX12JD UK	RESEARCH	UK	OXFORD UNIVERSITY	C CORP	1,723,012	3,369,202	100.000 %
(115) UNIV OF OXFORD CHINA OFFICE LTD SUITE 4018 COSCO TOWER 181-83 QUEENS RD CENTRAL HONG KONG HK	FUNDRAISIN	HK	OXFORD UNIVERSITY	C CORP	541,076	300,326	100.000 %
(116) VOLTAIRE FOUNDATION 99 BANBURY ROAD OXFORD OX26JX UK	PUBLISHING	UK	OXFORD UNIVERSITY	C CORP	940,680	939,112	100.000 %
(117) OXFORD U PRESS ESPANA PARQUE EMPRESARIAL SAN FERNANDO EDIFICIO ATENAS ESC A PLANTA 1 MADRID,SPAIN28830 SP	PUBLISHING	SP	OXFORD PUBLISHING LTD	C CORP	6,282,103	50,141,688	100.000 %
(118) OXFORD U PRESS KABUSHIKI KAISHA TMACHI PLACE 3F 4-17-5 SHIBA MINATO-KU TOKYO,JAPAN108-8286 JA	PUBLISHING	JA	OXFORD UNIVERSITY	C CORP	1,900,619	17,103,820	100.000 %
(119) OXFORD FAJAR SDN BERHAD 4 JALAN PEMAJU U1/15 SEKSYEN U1 HICOM-GLENMARIE IND PARK SELANGOR DARUL EHSAN,MALAYSIA40150 MY	PUBLISHING	MY	OXFORD UNIVERSITY (OELT)	C CORP	610,737	8,032,177	70.000 %
(120) OXFORD U PRESS (CHINA) LTD 18/F WARWICK HOUSE EAST TAIKOO PL 979 KINGS RD QUARRY BAY HONG KONG HK	PUBLISHING	HK	OXFORD UNIVERSITY	C CORP	7,441,273	13,237,529	100.000 %
(121) OUP (SHANGHAI) LTD STE 13 U 1901 LEV 19 TOWER E2 1 E CHANG AN AVE DONG CHENG DIST BEIJING,CHINA100738 CH	PUBLISHING	CH	OUP (CHINA) LTD	C CORP	30,892	2,208,905	100.000 %
(122) OXFORD U PRESS GMBH LISE MEITNER STRASSE 1 BERLIN,GERMANY10589 GM	PUBLISHING	GM	OXFORD PUBLISHING LTD	C CORP	40,190	393,119	100.000 %
(123) OELT LTD GREAT CLARENDON STREET OXFORD,UNITED KINGDOMOX26DP UK	PUBLISHING	UK	OXFORD UNIVERSITY	C CORP	12,179	85,048	100.000 %
(124) OXFORD PUBLISHING LTD GREAT CLARENDON STREET OXFORD,UNITED KINGDOMOX26DP UK	PUBLISHING	UK	OXFORD UNIVERSITY	C CORP	6,803	40,960	100.000 %
(125) MYMATHS LTD GREAT CLARENDON STREET OXFORD,UNITED KINGDOMOX26DP UK	PUBLISHING	UK	OXFORD UNIVERSITY	C CORP	-676		100.000 %
(126) MYMATHS PROPRIETARY LTD GREAT CLARENDON STREET OXFORD,UNITED KINGDOMOX26DP AS	PUBLISHING	AS	OXFORD UNIVERSITY	C CORP			100.000 %
(127) OXUNIPRINT LTD GREAT CLARENDON STREET OXFORD,UNITED KINGDOMOX26DP UK	PUBLISHING	UK	OXFORD UNIVERSITY	C CORP	-112,038	66,001	100.000 %
(128) OXFORD YAYINCILIK LTD STI NESET OMER SOKAK 4/4 KADIKOY ISTANBUL,TURKEY34710 TU	PUBLISHING	TU	OXFORD PUBLISHING LTD	C CORP	121,415	5,194,164	100.000 %
(129) OUP MEXICO SA DE CV ANTONIO CASO 142 COL SAN RAFAEL DEL CUAUHTEMOC MEXICO,DF06470 MX	PUBLISHING	MX	OXFORD PUBLISHING LTD	C CORP	2,489,835	23,089,002	100.000 %
(130) OUP DO BRASIL PUB LTA AV JAGUARE 818 GALPOES 30/31 SAO PAOLO,BRAZIL05346 BR	PUBLISHING	BR	OXFORD PUBLISHING LTD	C CORP	891,949	16,934,140	100.000 %
(131) OUP EAST AFRICA LTD UPPER HILL ELGON ROAD PO BOX 72532-00100 NAIROBI,KENYA KE	PUBLISHING	KE	OXFORD PUBLISHING LTD	C CORP	1,935	12,943	100.000 %
(132) OUP TANZANIA LTD PLOT 149 MIKOCHENI B OLD BAGAMOYO RD DAR ES SALAAM,TANZANIA TZ	PUBLISHING	TZ	OXFORD UNIVERSITY	C CORP	583	3,685	100.000 %
(133) OUP SOUTHERN AFRICA (PROP) LTD VASCO BLVD N1 CITY GOODWOOD CAPE TOWN,SOUTH AFRICA7460 SF	PUBLISHING	SF	OXFORD UNIVERSITY	C CORP	4,875,837	54,110,352	75.000 %
(134) OUP SA (PROPERTIES) LTD VASCO BLVD N1 CITY GOODWOOD CAPE TOWN,SOUTH AFRICA7460 SF	PUBLISHING	SF	OXFORD UNIVERSITY	C CORP	200,970	3,174,717	100.000 %
(135) DENTINGAN KEJAYAAN SDN BHD 4 JALAN PEMAJU U1/15 SEKSYEN U1 HICOM-GLENMARIE IND PARK SHAH ALAM,SELANGOR DARUL EHSAN40150 MY	PUBLISHING	MY	OXFORD UNIVERSITY	C CORP	141,556	1,956,083	100.000 %
(136) OXFORD LTD UNIVERSITY OFFICES OXFORD,UNITED KINGDOMOX12JD UK	RETAIL	UK	OXFORD UNIVERSITY	C CORP	2,425,387	815,256	100.000 %
(137) INSTRUCT ACADEMIC SERVICES LTD UNIVERSITY OFFICES WELLINGTON SQUARE OXFORD OX12JD UK	SCIENTIFIC	UK	OXFORD UNIVERSITY	C CORP	518,942	432,713	100.000 %
(138) ISIS INNOVATION LTD UNIVERSITY OFFICES WELLINGTON SQUARE OXFORD OX12JD UK	RESEARCH	UK	OXFORD UNIVERSITY	C CORP	15,919,441	6,931,244	100.000 %
(139) ISIS INNOVATION (HK) LTD LEVEL 12 INFINITUS PLAZA 199 DES VOEUX ROAD CENTRAL SHEUNG WANG,HONG KONG HK	RESEARCH	HK	ISIS INNOV LTD	C CORP	74,825	26,259	100.000 %
(140) OSBS PROGRAMMES LTD UNIVERSITY OFFICES WELLINGTON SQUARE OXFORD OX12JD UK	EDUCATION	UK	OXFORD SAID BUSINESS SCHOOL	C CORP	13,421,936	4,444,713	100.000 %
(141) OXFORD CAPITAL FUND (GP) LTD UNIVERSITY OFFICES WELLINGTON SQUARE OXFORD OX12JD UK	INVESTMENT	UK	OXFORD UNIVERSITY ENDOWMENT MGMT LTD	C CORP	2,270,174	192,839	100.000 %
(142) OXFORD MUTUAL LTD UNIVERSITY OFFICES WELLINGTON SQUARE OXFORD OX12JD UK	INSURANCE	UK	OXFORD UNIVERSITY	C CORP	3,025,854	2,135,344	100.000 %
(143) OXFORD SAID BUSINESS SCHOOL UNIVERSITY OFFICES WELLINGTON SQUARE OXFORD OX12JD UK	EDUCATION	UK	OXFORD UNIVERSITY	C CORP	15,619,991	9,453,834	100.000 %
(144) OXFORD UNIV (BEIJING) SCI & TECH 20TH FLOOR KERRY CENTRE N TOWER 1 GUANGHUA RD CHAOYAND DISTRICT BEIJING CH	RESEARCH	CH	OXFORD UNIVERSITY	C CORP	5,896,292	1,128,811	100.000 %
(145) OXFORD UNIV ENDOWMENT MGMT UNIVERSITY OFFICES WELLINGTON SQUARE OXFORD OX12JD UK	INVESTMENT	UK	OXFORD UNIVERSITY	C CORP	8,400,272	6,351,158	100.000 %
(146) OXFORD UNIV FIXED ASSETS LTD UNIVERSITY OFFICES WELLINGTON SQUARE OXFORD OX12JD UK	MANAGEMENT	UK	OXFORD UNIVERSITY	C CORP	88,839,387	37,313,640	100.000 %
(147) OXFORD UNIV TRADING LTD UNIVERSITY OFFICES WELLINGTON SQUARE OXFORD OX12JD UK	RETAIL	UK	OXFORD UNIVERSITY	C CORP	28,925,910	14,547,616	100.000 %
(148) GRAY LAB CANCER RESEARCH TR UNIVERSITY OFFICES WELLINGTON SQUARE OXFORD OX12JD UK	RESEARCH	UK	OXFORD UNIVERSITY	C CORP	1,723,012	3,369,202	100.000 %
(149) UNIV OF OXFORD CHINA OFFICE LTD SUITE 4018 COSCO TOWER 181-83 QUEENS RD CENTRAL HONG KONG HK	FUNDRAISIN	HK	OXFORD UNIVERSITY	C CORP	541,076	300,326	100.000 %
(150) VOLTAIRE FOUNDATION 99 BANBURY ROAD OXFORD OX26JX UK	PUBLISHING	UK	OXFORD UNIVERSITY	C CORP	940,680	939,112	100.000 %
(151) OXFORD U PRESS ESPANA PARQUE EMPRESARIAL SAN FERNANDO EDIFICIO ATENAS ESC A PLANTA 1 MADRID,SPAIN28830 SP	PUBLISHING	SP	OXFORD PUBLISHING LTD	C CORP	6,282,103	50,141,688	100.000 %
(152) OXFORD U PRESS KABUSHIKI KAISHA TMACHI PLACE 3F 4-17-5 SHIBA MINATO-KU TOKYO,JAPAN108-8286 JA	PUBLISHING	JA	OXFORD UNIVERSITY	C CORP	1,900,619	17,103,820	100.000 %
(153) OXFORD FAJAR SDN BERHAD 4 JALAN PEMAJU U1/15 SEKSYEN U1 HICOM-GLENMARIE IND PARK SELANGOR DARUL EHSAN,MALAYSIA40150 MY	PUBLISHING	MY	OXFORD UNIVERSITY (OELT)	C CORP	610,737	8,032,177	70.000 %
(154) OXFORD U PRESS (CHINA) LTD 18/F WARWICK HOUSE EAST TAIKOO PL 979 KINGS RD QUARRY BAY HONG KONG HK	PUBLISHING	HK	OXFORD UNIVERSITY	C CORP	7,441,273	13,237,529	100.000 %
(155) OUP (SHANGHAI) LTD STE 13 U 1901 LEV 19 TOWER E2 1 E CHANG AN AVE DONG CHENG DIST BEIJING,CHINA100738 CH	PUBLISHING	CH	OUP (CHINA) LTD	C CORP	30,892	2,208,905	100.000 %
(156) OXFORD U PRESS GMBH LISE MEITNER STRASSE 1 BERLIN,GERMANY10589 GM	PUBLISHING	GM	OXFORD PUBLISHING LTD	C CORP	40,190	393,119	100.000 %
(157) OELT LTD GREAT CLARENDON STREET OXFORD,UNITED KINGDOMOX26DP UK	PUBLISHING	UK	OXFORD UNIVERSITY	C CORP	12,179	85,048	100.000 %
(158) OXFORD PUBLISHING LTD GREAT CLARENDON STREET OXFORD,UNITED KINGDOMOX26DP UK	PUBLISHING	UK	OXFORD UNIVERSITY	C CORP	6,803	40,960	100.000 %
(159) MYMATHS LTD GREAT CLARENDON STREET OXFORD,UNITED KINGDOMOX26DP UK	PUBLISHING	UK	OXFORD UNIVERSITY	C CORP	-676		100.000 %
(160) MYMATHS PROPRIETARY LTD GREAT CLARENDON STREET OXFORD,UNITED KINGDOMOX26DP AS	PUBLISHING	AS	OXFORD UNIVERSITY	C CORP			100.000 %
(161) OXUNIPRINT LTD GREAT CLARENDON STREET OXFORD,UNITED KINGDOMOX26DP UK	PUBLISHING	UK	OXFORD UNIVERSITY	C CORP	-112,038	66,001	100.000 %
(162) OXFORD YAYINCILIK LTD STI NESET OMER SOKAK 4/4 KADIKOY ISTANBUL,TURKEY34710 TU	PUBLISHING	TU	OXFORD PUBLISHING LTD	C CORP	121,415	5,194,164	100.000 %
(163) OUP MEXICO SA DE CV ANTONIO CASO 142 COL SAN RAFAEL DEL CUAUHTEMOC MEXICO,DF06470 MX	PUBLISHING	MX	OXFORD PUBLISHING LTD	C CORP	2,489,835	23,089,002	100.000 %
(164) OUP DO BRASIL PUB LTA AV JAGUARE 818 GALPOES 30/31 SAO PAOLO,BRAZIL05346 BR	PUBLISHING	BR	OXFORD PUBLISHING LTD	C CORP	891,949	16,934,140	100.000 %
(165) OUP EAST AFRICA LTD UPPER HILL ELGON ROAD PO BOX 72532-00100 NAIROBI,KENYA KE	PUBLISHING	KE	OXFORD PUBLISHING LTD	C CORP	1,935	12,943	100.000 %
(166) OUP TANZANIA LTD PLOT 149 MIKOCHENI B OLD BAGAMOYO RD DAR ES SALAAM,TANZANIA TZ	PUBLISHING	TZ	OXFORD UNIVERSITY	C CORP	583	3,685	100.000 %
(167) OUP SOUTHERN AFRICA (PROP) LTD VASCO BLVD N1 CITY GOODWOOD CAPE TOWN,SOUTH AFRICA7460 SF	PUBLISHING	SF	OXFORD UNIVERSITY	C CORP	4,875,837	54,110,352	75.000 %
(168) OUP SA (PROPERTIES) LTD VASCO BLVD N1 CITY GOODWOOD CAPE TOWN,SOUTH AFRICA7460 SF	PUBLISHING	SF	OXFORD UNIVERSITY	C CORP	200,970	3,174,717	100.000 %
(169) DENTINGAN KEJAYAAN SDN BHD 4 JALAN PEMAJU U1/15 SEKSYEN U1 HICOM-GLENMARIE IND PARK SHAH ALAM,SELANGOR DARUL EHSAN40150 MY	PUBLISHING	MY	OXFORD UNIVERSITY	C CORP	141,556	1,956,083	100.000 %
(170) OXFORD LTD UNIVERSITY OFFICES OXFORD,UNITED KINGDOMOX12JD UK	RETAIL	UK	OXFORD UNIVERSITY	C CORP	2,425,387	815,256	100.000 %
(171) INSTRUCT ACADEMIC SERVICES LTD UNIVERSITY OFFICES WELLINGTON SQUARE OXFORD OX12JD UK	SCIENTIFIC	UK	OXFORD UNIVERSITY	C CORP	518,942	432,713	100.000 %
(172) ISIS INNOVATION LTD UNIVERSITY OFFICES WELLINGTON SQUARE OXFORD OX12JD UK	RESEARCH	UK	OXFORD UNIVERSITY	C CORP	15,919,441	6,931,244	100.000 %
(173) ISIS INNOVATION (HK) LTD LEVEL 12 INFINITUS PLAZA 199 DES VOEUX ROAD CENTRAL SHEUNG WANG,HONG KONG HK	RESEARCH	HK	ISIS INNOV LTD	C CORP	74,825	26,259	100.000 %
(174) OSBS PROGRAMMES LTD UNIVERSITY OFFICES WELLINGTON SQUARE OXFORD OX12JD UK	EDUCATION	UK	OXFORD SAID BUSINESS SCHOOL	C CORP	13,421,936	4,444,713	100.000 %
(175) OXFORD CAPITAL FUND (GP) LTD UNIVERSITY OFFICES WELLINGTON SQUARE OXFORD OX12JD UK	INVESTMENT	UK	OXFORD UNIVERSITY ENDOWMENT MGMT LTD	C CORP	2,270,174	192,839	100.000 %
(176) OXFORD MUTUAL LTD UNIVERSITY OFFICES WELLINGTON SQUARE OXFORD OX12JD UK	INSURANCE	UK	OXFORD UNIVERSITY	C CORP	3,025,854	2,135,344	100.000 %
(177) OXFORD SAID BUSINESS SCHOOL UNIVERSITY OFFICES WELLINGTON SQUARE OXFORD OX12JD UK	EDUCATION	UK	OXFORD UNIVERSITY	C CORP	15,619,991	9,453,834	100.000 %
(178) OXFORD UNIV (BEIJING) SCI & TECH 20TH FLOOR KERRY CENTRE N TOWER 1 GUANGHUA RD CHAOYAND DISTRICT BEIJING CH	RESEARCH	CH	OXFORD UNIVERSITY	C CORP	5,896,292	1,128,811	100.000 %
(179) OXFORD UNIV ENDOWMENT MGMT UNIVERSITY OFFICES WELLINGTON SQUARE OXFORD OX12JD UK	INVESTMENT	UK	OXFORD UNIVERSITY	C CORP	8,400,272	6,351,158	100.000 %
(180) OXFORD UNIV FIXED ASSETS LTD UNIVERSITY OFFICES WELLINGTON SQUARE OXFORD OX12JD UK	MANAGEMENT	UK	OXFORD UNIVERSITY	C CORP	88,839,387	37,313,640	100.000 %
(181) OXFORD UNIV TRADING LTD UNIVERSITY OFFICES WELLINGTON SQUARE OXFORD OX12JD UK	RETAIL	UK	OXFORD UNIVERSITY	C CORP	28,925,910	14,547,616	100.000 %
(182) GRAY LAB CANCER RESEARCH TR UNIVERSITY OFFICES WELLINGTON SQUARE OXFORD OX12JD UK	RESEARCH	UK	OXFORD UNIVERSITY	C CORP	1,723,012	3,369,202	100.000 %
(183) UNIV OF OXFORD CHINA OFFICE LTD SUITE 4018 COSCO TOWER 181-83 QUEENS RD CENTRAL HONG KONG HK	FUNDRAISIN	HK	OXFORD UNIVERSITY	C CORP	541,076	300,326	100.000 %
(184) VOLTAIRE FOUNDATION 99 BANBURY ROAD OXFORD OX26JX UK	PUBLISHING	UK	OXFORD UNIVERSITY	C CORP	940,680	939,112	100.000 %
(185) OXFORD U PRESS ESPANA PARQUE EMPRESARIAL SAN FERNANDO EDIFICIO ATENAS ESC A PLANTA 1 MADRID,SPAIN28830 SP	PUBLISHING	SP	OXFORD PUBLISHING LTD	C CORP	6,282,103	50,141,688	100.000 %
(186) OXFORD U PRESS KABUSHIKI KAISHA TMACHI PLACE 3F 4-17-5 SHIBA MINATO-KU TOKYO,JAPAN108-8286 JA	PUBLISHING	JA	OXFORD UNIVERSITY	C CORP	1,900,619	17,103,820	100.000 %
(187) OXFORD FAJAR SDN BERHAD 4 JALAN PEMAJU U1/15 SEKSYEN U1 HICOM-GLENMARIE IND PARK SELANGOR DARUL EHSAN,MALAYSIA40150 MY	PUBLISHING	MY	OXFORD UNIVERSITY (OELT)	C CORP	610,737	8,032,177	70.000 %
(188) OXFORD U PRESS (CHINA) LTD 18/F WARWICK HOUSE EAST TAIKOO PL 979 KINGS RD QUARRY BAY HONG KONG HK	PUBLISHING	HK	OXFORD UNIVERSITY	C CORP	7,441,273	13,237,529	100.000 %
(189) OUP (SHANGHAI) LTD STE 13 U 1901 LEV 19 TOWER E2 1 E CHANG AN AVE DONG CHENG DIST BEIJING,CHINA100738 CH	PUBLISHING	CH	OUP (CHINA) LTD	C CORP	30,892	2,208,905	100.000 %
(190) OXFORD U PRESS GMBH LISE MEITNER STRASSE 1 BERLIN,GERMANY10589 GM	PUBLISHING	GM	OXFORD PUBLISHING LTD	C CORP	40,190	393,119	100.000 %
(191) OELT LTD GREAT CLARENDON STREET OXFORD,UNITED KINGDOMOX26DP UK	PUBLISHING	UK	OXFORD UNIVERSITY	C CORP	12,179	85,048	100.000 %
(192) OXFORD PUBLISHING LTD GREAT CLARENDON STREET OXFORD,UNITED KINGDOMOX26DP UK	PUBLISHING	UK	OXFORD UNIVERSITY	C CORP	6,803	40,960	100.000 %
(193) MYMATHS LTD GREAT CLARENDON STREET OXFORD,UNITED KINGDOMOX26DP UK	PUBLISHING	UK	OXFORD UNIVERSITY	C CORP	-676		100.000 %
(194) MYMATHS PROPRIETARY LTD GREAT CLARENDON STREET OXFORD,UNITED KINGDOMOX26DP AS	PUBLISHING	AS	OXFORD UNIVERSITY	C CORP			100.000 %
(195) OXUNIPRINT LTD GREAT CLARENDON STREET OXFORD,UNITED KINGDOMOX26DP UK	PUBLISHING	UK	OXFORD UNIVERSITY	C CORP	-112,038	66,001	100.000 %
(196) OXFORD YAYINCILIK LTD STI NESET OMER SOKAK 4/4 KADIKOY ISTANBUL,TURKEY34710 TU	PUBLISHING	TU	OXFORD PUBLISHING LTD	C CORP	121,415	5,194,164	100.000 %
(197) OUP MEXICO SA DE CV ANTONIO CASO 142 COL SAN RAFAEL DEL CUAUHTEMOC MEXICO,DF06470 MX	PUBLISHING	MX	OXFORD PUBLISHING LTD	C CORP	2,489,835	23,089,002	100.000 %
(198) OUP DO BRASIL PUB LTA AV JAGUARE 818 GALPOES 30/31 SAO PAOLO,BRAZIL05346 BR	PUBLISHING	BR	OXFORD PUBLISHING LTD	C CORP	891,949	16,934,140	100.000 %
(199) OUP EAST AFRICA LTD UPPER HILL ELGON ROAD PO BOX 72532-00100 NAIROBI,KENYA KE	PUBLISHING	KE	OXFORD PUBLISHING LTD	C CORP	1,935	12,943	100.000 %
(200) OUP TANZANIA LTD PLOT 149 MIKOCHENI B OLD BAGAMOYO RD DAR ES SALAAM,TANZANIA TZ	PUBLISHING	TZ	OXFORD UNIVERSITY	C CORP	583	3,685	100.000 %
(201) OUP SOUTHERN AFRICA (PROP) LTD VASCO BLVD N1 CITY GOODWOOD CAPE TOWN,SOUTH AFRICA7460 SF	PUBLISHING	SF	OXFORD UNIVERSITY	C CORP	4,875,837	54,110,352	75.000 %
(202) OUP SA (PROPERTIES) LTD VASCO BLVD N1 CITY GOODWOOD CAPE TOWN,SOUTH AFRICA7460 SF	PUBLISHING	SF	OXFORD UNIVERSITY	C CORP	200,970	3,174,717	100.000 %
(203) DENTINGAN KEJAYAAN SDN BHD 4 JALAN PEMAJU U1/15 SEKSYEN U1 HICOM-GLENMARIE IND PARK SHAH ALAM,SELANGOR DARUL EHSAN40150 MY	PUBLISHING	MY	OXFORD UNIVERSITY	C CORP	141,556	1,956,083	100.000 %
(204) OXFORD LTD UNIVERSITY OFFICES OXFORD,UNITED KINGDOMOX12JD UK	RETAIL	UK	OXFORD UNIVERSITY	C CORP	2,425,387	815,256	100.000 %
(205) INSTRUCT ACADEMIC SERVICES LTD UNIVERSITY OFFICES WELLINGTON SQUARE OXFORD OX12JD UK	SCIENTIFIC	UK	OXFORD UNIVERSITY	C CORP	518,942	432,713	100.000 %
(206) ISIS INNOVATION LTD UNIVERSITY OFFICES WELLINGTON SQUARE OXFORD OX12JD UK	RESEARCH	UK	OXFORD UNIVERSITY	C CORP	15,919,441	6,931,244	100.000 %
(207) ISIS INNOVATION (HK) LTD LEVEL 12 INFINITUS PLAZA 199 DES VOEUX ROAD CENTRAL SHEUNG WANG,HONG KONG HK	RESEARCH	HK	ISIS INNOV LTD	C CORP	74,825	26,259	100.000 %
(208) OSBS PROGRAMMES LTD UNIVERSITY OFFICES WELLINGTON SQUARE OXFORD OX12JD UK	EDUCATION	UK	OXFORD SAID BUSINESS SCHOOL	C CORP	13,421,936	4,444,713	100.000 %
(209) OXFORD CAPITAL FUND (GP) LTD UNIVERSITY OFFICES WELLINGTON SQUARE OXFORD OX12JD UK	INVESTMENT	UK	OXFORD UNIVERSITY ENDOWMENT MGMT LTD	C CORP	2,270,174	192,839	100.000 %
(210) OXFORD MUTUAL LTD UNIVERSITY OFFICES WELLINGTON SQUARE OXFORD OX12JD UK	INSURANCE	UK	OXFORD UNIVERSITY	C CORP	3,025,854	2,135,344	100.000 %
(211) OXFORD SAID BUSINESS SCHOOL UNIVERSITY OFFICES WELLINGTON SQUARE OXFORD OX12JD UK	EDUCATION	UK	OXFORD UNIVERSITY	C CORP	15,619,991	9,453,834	100.000 %
(212) OXFORD UNIV (BEIJING) SCI & TECH 20TH FLOOR KERRY CENTRE N TOWER 1 GUANGHUA RD CHAOYAND DISTRICT BEIJING CH	RESEARCH	CH	OXFORD UNIVERSITY	C CORP	5,896,292	1,128,811	100.000 %
(213) OXFORD UNIV ENDOWMENT MGMT UNIVERSITY OFFICES WELLINGTON SQUARE OXFORD OX12JD UK	INVESTMENT	UK	OXFORD UNIVERSITY	C CORP	8,400,272	6,351,158	100.000 %
(214) OXFORD UNIV FIXED ASSETS LTD UNIVERSITY OFFICES WELLINGTON SQUARE OXFORD OX12JD UK	MANAGEMENT	UK	OXFORD UNIVERSITY	C CORP	88,839,387	37,313,640	100.000 %
(215) OXFORD UNIV TRADING LTD UNIVERSITY OFFICES WELLINGTON SQUARE OXFORD OX12JD UK	RETAIL	UK	OXFORD UNIVERSITY	C CORP	28,925,910	14,547,616	100.000 %
(216) GRAY LAB CANCER RESEARCH TR UNIVERSITY OFFICES WELLINGTON SQUARE OXFORD OX12JD UK	RESEARCH	UK	OXFORD UNIVERSITY	C CORP	1,723,012	3,369,202	100.000 %
(217) UNIV OF OXFORD CHINA OFFICE LTD SUITE 4018 COSCO TOWER 181-83 QUEENS RD CENTRAL HONG KONG HK	FUNDRAISIN	HK	OXFORD UNIVERSITY	C CORP	541,076	300,326	100.000 %
(218) VOLTAIRE FOUNDATION 99 BANBURY ROAD OXFORD OX26JX UK	PUBLISHING	UK	OXFORD UNIVERSITY	C CORP	940,680	939,112	100.000 %
(219) OXFORD U PRESS ESPANA PARQUE EMPRESARIAL SAN FERNANDO EDIFICIO ATENAS ESC A PLANTA 1 MADRID,SPAIN28830 SP	PUBLISHING	SP	OXFORD PUBLISHING LTD	C CORP	6,282,103	50,141,688	100.000 %
(220) OXFORD U PRESS KABUSHIKI KAISHA TMACHI PLACE 3F 4-17-5 SHIBA MINATO-KU TOKYO,JAPAN108-8286 JA	PUBLISHING	JA	OXFORD UNIVERSITY	C CORP	1,900,619	17,103,820	100.000 %
(221) OXFORD FAJAR SDN BERHAD 4 JALAN PEMAJU U1/15 SEKSYEN U1 HICOM-GLENMARIE IND PARK SELANGOR DARUL EHSAN,MALAYSIA40150 MY	PUBLISHING	MY	OXFORD UNIVERSITY (OELT)	C CORP	610,737	8,032,177	70.000 %
(222) OXFORD U PRESS (CHINA) LTD 18/F WARWICK HOUSE EAST TAIKOO PL 979 KINGS RD QUARRY BAY HONG KONG HK	PUBLISHING	HK	OXFORD UNIVERSITY	C CORP	7,441,273	13,237,529	100.000 %
(223) OUP (SHANGHAI) LTD STE 13 U 1901 LEV 19 TOWER E2 1 E CHANG AN AVE DONG CHENG DIST BEIJING,CHINA100738 CH	PUBLISHING	CH	OUP (CHINA) LTD	C CORP	30,892	2,208,905	100.000 %
(224) OXFORD U PRESS GMBH LISE MEITNER STRASSE 1 BERLIN,GERMANY10589 GM	PUBLISHING	GM	OXFORD PUBLISHING LTD	C CORP	40,190	393,119	100.000 %
(225) OELT LTD GREAT CLARENDON STREET OXFORD,UNITED KINGDOMOX26DP UK	PUBLISHING	UK	OXFORD UNIVERSITY	C CORP	12,179	85,048	100.000 %
(226) OXFORD PUBLISHING LTD GREAT CLARENDON STREET OXFORD,UNITED KINGDOMOX26DP UK	PUBLISHING	UK	OXFORD UNIVERSITY	C CORP	6,803	40,960	100.000 %
(227) MYMATHS LTD GREAT CLARENDON STREET OXFORD,UNITED KINGDOMOX26DP UK	PUBLISHING	UK	OXFORD UNIVERSITY	C CORP	-676		100.000 %
(228) MYMATHS PROPRIETARY LTD GREAT CLARENDON STREET OXFORD,UNITED KINGDOMOX26DP AS	PUBLISHING	AS	OXFORD UNIVERSITY	C CORP			100.000 %
(229) OXUNIPRINT LTD GREAT CLARENDON STREET OXFORD,UNITED KINGDOMOX26DP UK	PUBLISHING	UK	OXFORD UNIVERSITY	C CORP	-112,038	66,001	100.000 %
(230) OXFORD YAYINCILIK LTD STI NESET OMER SOKAK 4/4 KADIKOY ISTANBUL,TURKEY34710 TU	PUBLISHING	TU	OXFORD PUBLISHING LTD	C CORP	121,415	5,194,164	100.000 %
(231) OUP MEXICO SA DE CV ANTONIO CASO 142 COL SAN RAFAEL DEL CUAUHTEMOC MEXICO,DF06470 MX	PUBLISHING	MX	OXFORD PUBLISHING LTD	C CORP	2,489,835	23,089,002	100.000 %
(232) OUP DO BRASIL PUB LTA AV JAGUARE 818 GALPOES 30/31 SAO PAOLO,BRAZIL05346 BR	PUBLISHING	BR	OXFORD PUBLISHING LTD	C CORP	891,949	16,934,140	100.000 %
(233) OUP EAST AFRICA LTD UPPER HILL ELGON ROAD PO BOX 72532-00100 NAIROBI,KENYA KE	PUBLISHING	KE	OXFORD PUBLISHING LTD	C CORP	1,935	12,943	100.000 %
(234) OUP TANZANIA LTD PLOT 149 MIKOCHENI B OLD BAGAMOYO RD DAR ES SALAAM,TANZANIA TZ	PUBLISHING	TZ	OXFORD UNIVERSITY	C CORP	583	3,685	100.000 %
(235) OUP SOUTHERN AFRICA (PROP) LTD VASCO BLVD N1 CITY GOODWOOD CAPE TOWN,SOUTH AFRICA7460 SF	PUBLISHING	SF	OXFORD UNIVERSITY	C CORP	4,875,837	54,110,352	75.000 %
(236) OUP SA (PROPERTIES) LTD VASCO BLVD N1 CITY GOODWOOD CAPE TOWN,SOUTH AFRICA7460 SF	PUBLISHING	SF	OXFORD UNIVERSITY	C CORP	200,970	3,174,717	100.000 %
(237) DENTINGAN KEJAYAAN SDN BHD 4 JALAN PEMAJU U1/15 SEKSYEN U1 HICOM-GLENMARIE IND PARK SHAH ALAM,SELANGOR DARUL EHSAN40150 MY	PUBLISHING	MY	OXFORD UNIVERSITY	C CORP	141,556	1,956,083	100.000 %
(238) OXFORD LTD UNIVERSITY OFFICES OXFORD,UNITED KINGDOMOX12JD UK	RETAIL	UK	OXFORD UNIVERSITY	C CORP	2,425,387	815,256	100.000 %
(239) INSTRUCT ACADEMIC SERVICES LTD UNIVERSITY OFFICES WELLINGTON SQUARE OXFORD OX12JD UK	SCIENTIFIC	UK	OXFORD UNIVERSITY	C CORP	518,942	432,713	100.000 %
(240) ISIS INNOVATION LTD UNIVERSITY OFFICES WELLINGTON SQUARE OXFORD OX12JD UK	RESEARCH	UK	OXFORD UNIVERSITY	C CORP	15,919,441	6,931,244	100.000 %
(241) ISIS INNOVATION (HK) LTD LEVEL 12 INFINITUS PLAZA 199 DES VOEUX ROAD CENTRAL SHEUNG WANG,HONG KONG HK	RESEARCH	HK	ISIS INNOV LTD	C CORP	74,825	26,259	100.000 %
(242) OSBS PROGRAMMES LTD UNIVERSITY OFFICES WELLINGTON SQUARE OXFORD OX12JD UK	EDUCATION	UK	OXFORD SAID BUSINESS SCHOOL	C CORP	13,421,936	4,444,713	100.000 %
(243) OXFORD CAPITAL FUND (GP) LTD UNIVERSITY OFFICES WELLINGTON SQUARE OXFORD OX12JD UK	INVESTMENT	UK	OXFORD UNIVERSITY ENDOWMENT MGMT LTD	C CORP	2,270,174	192,839	100.000 %
(244) OXFORD MUTUAL LTD UNIVERSITY OFFICES WELLINGTON SQUARE OXFORD OX12JD UK	INSURANCE	UK	OXFORD UNIVERSITY	C CORP	3,025,854	2,135,344	100.000 %
(245) OXFORD SAID BUSINESS SCHOOL UNIVERSITY OFFICES WELLINGTON SQUARE OXFORD OX12JD UK	EDUCATION	UK	OXFORD UNIVERSITY	C CORP	15,619,991	9,453,834	100.000 %
(246) OXFORD UNIV (BEIJING) SCI & TECH 20TH FLOOR KERRY CENTRE N TOWER 1 GUANGHUA RD CHAOYAND DISTRICT BEIJING CH	RESEARCH	CH	OXFORD UNIVERSITY	C CORP	5,896,292	1,128,811	100.000 %
(247) OXFORD UNIV ENDOWMENT MGMT UNIVERSITY OFFICES WELLINGTON SQUARE OXFORD OX12JD UK	INVESTMENT	UK	OXFORD UNIVERSITY	C CORP	8,400,272	6,351,158	100.000 %
(248) OXFORD UNIV FIXED ASSETS LTD UNIVERSITY OFFICES WELLINGTON SQUARE OXFORD OX12JD UK	MANAGEMENT	UK	OXFORD UNIVERSITY	C CORP	88,839,387	37,313,640	100.000 %
(249) OXFORD UNIV TRADING LTD UNIVERSITY OFFICES WELLINGTON SQUARE OXFORD OX12JD UK	RETAIL	UK	OXFORD UNIVERSITY	C CORP	28,925,910	14,547,616	100.000 %
(250) GRAY LAB CANCER RESEARCH TR UNIVERSITY OFFICES WELLINGTON SQUARE OXFORD OX12JD UK	RESEARCH	UK	OXFORD UNIVERSITY	C CORP	1,723,012	3,369,202	100.000 %
(251) UNIV OF OXFORD CHINA OFFICE LTD SUITE 4018 COSCO TOWER 181-83 QUEENS RD CENTRAL HONG KONG HK	FUNDRAISIN	HK	OXFORD UNIVERSITY	C CORP	541,076	300,326	100.000 %
(252) VOLTAIRE FOUNDATION 99 BANBURY ROAD OXFORD OX26JX UK	PUBLISHING	UK	OXFORD UNIVERSITY	C CORP	940,680	939,112	100.000 %
(253) OXFORD U PRESS ESPANA PARQUE EMPRESARIAL SAN FERNANDO EDIFICIO ATENAS ESC A PLANTA 1 MADRID,SPAIN28830 SP	PUBLISHING	SP	OXFORD PUBLISHING LTD	C CORP	6,282,103	50,141,688	100.000 %
(254) OXFORD U PRESS KABUSHIKI KAISHA TMACHI PLACE 3F 4-17-5 SHIBA MINATO-KU TOKYO,JAPAN108-8286 JA	PUBLISHING	JA	OXFORD UNIVERSITY	C CORP	1,900,619	17,103,820	100.000 %
(255) OXFORD FAJAR SDN BERHAD 4 JALAN PEMAJU U1/15 SEKSYEN U1 HICOM-GLENMARIE IND PARK SELANGOR DARUL EHSAN,MALAYSIA40150 MY	PUBLISHING	MY	OXFORD UNIVERSITY (OELT)	C CORP	610,737	8,032,177	70.000 %
(256) OXFORD U PRESS (CHINA) LTD 18/F WARWICK HOUSE EAST TAIKOO PL 979 KINGS RD QUARRY BAY HONG KONG HK	PUBLISHING	HK	OXFORD UNIVERSITY	C CORP	7,441,273	13,237,529	100.000 %
(257) OUP (SHANGHAI) LTD STE 13 U 1901 LEV 19 TOWER E2 1 E CHANG AN AVE DONG CHENG DIST BEIJING,CHINA100738 CH	PUBLISHING	CH	OUP (CHINA) LTD	C CORP	30,892	2,208,905	100.000 %
(258) OXFORD U PRESS GMBH LISE MEITNER STRASSE 1 BERLIN,GERMANY10589 GM	PUBLISHING	GM	OXFORD PUBLISHING LTD	C CORP	40,190	393,119	100.000 %
(259) OELT LTD GREAT CLARENDON STREET OXFORD,UNITED KINGDOMOX26DP UK	PUBLISHING	UK	OXFORD UNIVERSITY	C CORP	12,179	85,048	100.000 %
(260) OXFORD PUBLISHING LTD GREAT CLARENDON STREET OXFORD,UNITED KINGDOMOX26DP UK	PUBLISHING	UK	OXFORD UNIVERSITY	C CORP	6,803	40,960	100.000 %
(261) MYMATHS LTD GREAT CLARENDON STREET OXFORD,UNITED KINGDOMOX26DP UK	PUBLISHING	UK	OXFORD UNIVERSITY	C CORP	-676		100.000 %
(262) MYMATHS PROPRIETARY LTD GREAT CLARENDON STREET OXFORD,UNITED KINGDOMOX26DP AS	PUBLISHING	AS	OXFORD UNIVERSITY	C CORP			100.000 %
(263) OXUNIPRINT LTD GREAT CLARENDON STREET OXFORD,UNITED KINGDOMOX26DP UK	PUBLISHING	UK	OXFORD UNIVERSITY	C CORP	-112,038	66,001	100.000 %
(264) OXFORD YAYINCILIK LTD STI NESET OMER SOKAK 4/4 KADIKOY ISTANBUL,TURKEY34710 TU	PUBLISHING	TU	OXFORD PUBLISHING LTD	C CORP	121,415	5,194,164	100.000 %
(265) OUP MEXICO SA DE CV ANTONIO CASO 142 COL SAN RAFAEL DEL CUAUHTEMOC MEXICO,DF06470 MX	PUBLISHING	MX	OXFORD PUBLISHING LTD	C CORP	2,489,835	23,089,002	100.000 %
(266) OUP DO BRASIL PUB LTA AV JAGUARE 818 GALPOES 30/31 SAO PAOLO,BRAZIL05346 BR	PUBLISHING	BR	OXFORD PUBLISHING LTD	C CORP	891,949	16,934,140	100.000 %
(267) OUP EAST AFRICA LTD UPPER HILL ELGON ROAD PO BOX 72532-00100 NAIROBI,KENYA KE	PUBLISHING	KE	OXFORD PUBLISHING LTD	C CORP	1,935	12,943	100.000 %
(268) OUP TANZANIA LTD PLOT 149 MIKOCHENI B OLD BAGAMOYO RD DAR ES SALAAM,TANZANIA TZ	PUBLISHING	TZ	OXFORD UNIVERSITY	C CORP	583	3,685	100.000 %
(269) OUP SOUTHERN AFRICA (PROP) LTD VASCO BLVD N1 CITY GOODWOOD CAPE TOWN,SOUTH AFRICA7460 SF	PUBLISHING	SF	OXFORD UNIVERSITY	C CORP	4,875,837	54,110,352	75.000 %
(270) OUP SA (PROPERTIES) LTD VASCO BLVD N1 CITY GOODWOOD CAPE TOWN,SOUTH AFRICA7460 SF	PUBLISHING	SF	OXFORD UNIVERSITY	C CORP	200,970	3,174,717	100.000 %
(271) DENTINGAN KEJAYAAN SDN BHD 4 JALAN PEMAJU U1/15 SEKSYEN U1 HICOM-GLENMARIE IND PARK SHAH ALAM,SELANGOR DARUL EHSAN40150 MY	PUBLISHING	MY	OXFORD UNIVERSITY	C CORP	141,556	1,956,083	100.000 %
(272) OXFORD LTD UNIVERSITY OFFICES OXFORD,UNITED KINGDOMOX12JD UK	RETAIL	UK	OXFORD UNIVERSITY	C CORP	2,425,387	815,256	100.000 %
(273) INSTRUCT ACADEMIC SERVICES LTD UNIVERSITY OFFICES WELLINGTON SQUARE OXFORD OX12JD UK	SCIENTIFIC	UK	OXFORD UNIVERSITY	C CORP	518,942	432,713	100.000 %
(274) ISIS INNOVATION LTD UNIVERSITY OFFICES WELLINGTON SQUARE OXFORD OX12JD UK	RESEARCH	UK	OXFORD UNIVERSITY	C CORP	15,919,441	6,931,244	100.000 %
(275) ISIS INNOVATION (HK) LTD LEVEL 12 INFINITUS PLAZA 199 DES VOEUX ROAD CENTRAL SHEUNG WANG,HONG KONG HK	RESEARCH	HK	ISIS INNOV LTD	C CORP	74,825	26,259	100.000 %
(276) OSBS PROGRAMMES LTD UNIVERSITY OFFICES WELLINGTON SQUARE OXFORD OX12JD UK	EDUCATION	UK	OXFORD SAID BUSINESS SCHOOL	C CORP	13,421,936	4,444,713	100.000 %
(277) OXFORD CAPITAL FUND (GP) LTD UNIVERSITY OFFICES WELLINGTON SQUARE OXFORD OX12JD UK	INVESTMENT	UK	OXFORD UNIVERSITY ENDOWMENT MGMT LTD	C CORP	2,270,174	192,839	100.000 %
(278) OXFORD MUTUAL LTD UNIVERSITY OFFICES WELLINGTON SQUARE OXFORD OX12JD UK	INSURANCE	UK	OXFORD UNIVERSITY	C CORP	3,025,854	2,135,344	100.000 %
(279) OXFORD SAID BUSINESS SCHOOL UNIVERSITY OFFICES WELLINGTON SQUARE OXFORD OX12JD UK	EDUCATION	UK	OXFORD UNIVERSITY	C CORP	15,619,991	9,453,834	100.000 %
(280) OXFORD UNIV (BEIJING) SCI & TECH 20TH FLOOR KERRY CENTRE N TOWER 1 GUANGHUA RD CHAOYAND DISTRICT BEIJING CH	RESEARCH	CH	OXFORD UNIVERSITY	C CORP	5,896,292	1,128,811	100.000 %
(281) OXFORD UNIV ENDOWMENT MGMT UNIVERSITY OFFICES WELLINGTON SQUARE OXFORD OX12JD UK	INVESTMENT	UK	OXFORD UNIVERSITY	C CORP	8,400,272	6,351,158	100.000 %
(282) OXFORD UNIV FIXED ASSETS LTD UNIVERSITY OFFICES WELLINGTON SQUARE OXFORD OX12JD UK	MANAGEMENT	UK	OXFORD UNIVERSITY	C CORP	88,839,387	37,313,640	100.000 %
(283) OXFORD UNIV TRADING LTD UNIVERSITY OFFICES WELLINGTON SQUARE OXFORD OX12JD UK	RETAIL	UK	OXFORD UNIVERSITY	C CORP	28,925,910	14,547,616	100.000 %
(284) GRAY LAB CANCER RESEARCH TR UNIVERSITY OFFICES WELLINGTON SQUARE OXFORD OX12JD UK	RESEARCH	UK	OXFORD UNIVERSITY	C CORP	1,723,012	3,369,202	100.000 %
(285) UNIV OF OXFORD CHINA OFFICE LTD SUITE 4018 COSCO TOWER 181-83 QUEENS RD CENTRAL HONG KONG HK	FUNDRAISIN	HK	OXFORD UNIVERSITY	C CORP	541,076	300,326	100.000 %
(286) VOLTAIRE FOUNDATION 99 BANBURY ROAD OXFORD OX26JX UK	PUBLISHING	UK	OXFORD UNIVERSITY	C CORP	940,680	939,112	100.000 %
(287) OXFORD U PRESS ESPANA PARQUE EMPRESARIAL SAN FERNANDO EDIFICIO ATENAS ESC A PLANTA 1 MADRID,SPAIN28830 SP	PUBLISHING	SP	OXFORD PUBLISHING LTD	C CORP	6,282,103	50,141,688	100.000 %
(288) OXFORD U PRESS KABUSHIKI KAISHA TMACHI PLACE 3F 4-17-5 SHIBA MINATO-KU TOKYO,JAPAN108-8286 JA	PUBLISHING	JA	OXFORD UNIVERSITY	C CORP	1,900,619	17,103,820	100.000 %
(289) OXFORD FAJAR SDN BERHAD 4 JALAN PEMAJU U1/15 SEKSYEN U1 HICOM-GLENMARIE IND PARK SELANGOR DARUL EHSAN,MALAYSIA40150 MY	PUBLISHING	MY	OXFORD UNIVERSITY (OELT)	C CORP	610,737	8,032,177	70.000 %
(290) OXFORD U PRESS (CHINA) LTD 18/F WARWICK HOUSE EAST TAIKOO PL 979 KINGS RD QUARRY BAY HONG KONG HK	PUBLISHING	HK	OXFORD UNIVERSITY	C CORP	7,441,273	13,237,529	100.000 %
(291) OUP (SHANGHAI) LTD STE 13 U 1901 LEV 19 TOWER E2 1 E CHANG AN AVE DONG CHENG DIST BEIJING,CHINA100738 CH	PUBLISHING	CH	OUP (CHINA) LTD	C CORP	30,892	2,208,905	100.000 %
(292) OXFORD U PRESS GMBH LISE MEITNER STRASSE 1 BERLIN,GERMANY10589 GM	PUBLISHING	GM	OXFORD PUBLISHING LTD	C CORP	40,190	393,119	100.000 %
(293) OELT LTD GREAT CLARENDON STREET OXFORD,UNITED KINGDOMOX26DP UK	PUBLISHING	UK	OXFORD UNIVERSITY	C CORP	12,179	85,048	100.000 %
(294) OXFORD PUBLISHING LTD GREAT CLARENDON STREET OXFORD,UNITED KINGDOMOX26DP UK	PUBLISHING	UK	OXFORD UNIVERSITY	C CORP	6,803	40,960	100.000 %
(295) MYMATHS LTD GREAT CLARENDON STREET OXFORD,UNITED KINGDOMOX26DP UK	PUBLISHING	UK	OXFORD UNIVERSITY	C CORP	-676		100.000 %
(296) MYMATHS PROPRIETARY LTD GREAT CLARENDON STREET OXFORD,UNITED KINGDOMOX26DP AS	PUBLISHING	AS	OXFORD UNIVERSITY	C CORP			100.000 %
(297) OXUNIPRINT LTD GREAT CLARENDON STREET OXFORD,UNITED KINGDOMOX26DP UK	PUBLISHING	UK	OXFORD UNIVERSITY	C CORP	-112,038	66,001	100.000 %
(298) OXFORD YAYINCILIK LTD STI NESET OMER SOKAK 4/4 KADIKOY ISTANBUL,TURKEY34710 TU	PUBLISHING	TU	OXFORD PUBLISHING LTD	C CORP	121,415	5,194,164	100.000 %
(299) OUP MEXICO SA DE CV ANTONIO CASO 142 COL SAN RAFAEL DEL CUAUHTEMOC MEXICO,DF06470 MX	PUBLISHING	MX	OXFORD PUBLISHING LTD	C CORP	2,489,835	23,089,002	100.000 %
(300) OUP DO BRASIL PUB LTA AV JAGUARE 818 GALPOES 30/31 SAO PAOLO,BRAZIL05346 BR	PUBLISHING	BR	OXFORD PUBLISHING LTD	C CORP	891,949	16,934,140	100.000 %
(301) OUP EAST AFRICA LTD UPPER HILL ELGON ROAD PO BOX 72532-00100 NAIROBI,KENYA KE	PUBLISHING	KE	OXFORD PUBLISHING LTD	C CORP	1,935	12,943	100.000 %
(302) OUP TANZANIA LTD PLOT 149 MIKOCHENI B OLD BAGAMOYO RD DAR ES SALAAM,TANZANIA TZ	PUBLISHING	TZ	OXFORD UNIVERSITY	C CORP	583	3,685	100.000 %
(303) OUP SOUTHERN AFRICA (PROP) LTD VASCO BLVD N1 CITY GOODWOOD CAPE TOWN,SOUTH AFRICA7460 SF	PUBLISHING	SF	OXFORD UNIVERSITY	C CORP	4,875,837	54,110,352	75.000 %
(304) OUP SA (PROPERTIES) LTD VASCO BLVD N1 CITY GOODWOOD CAPE TOWN,SOUTH AFRICA7460 SF	PUBLISHING	SF	OXFORD UNIVERSITY	C CORP	200,970	3,174,717	100.000 %
(305) DENTINGAN KEJAYAAN SDN BHD 4 JALAN PEMAJU U1/15 SEKSYEN U1 HICOM-GLENMARIE IND PARK SHAH ALAM,SELANGOR DARUL EHSAN40150 MY	PUBLISHING	MY	OXFORD UNIVERSITY	C CORP	141,556	1,956,083	100.000 %
(306) OXFORD LTD UNIVERSITY OFFICES OXFORD,UNITED KINGDOMOX12JD UK	RETAIL	UK	OXFORD UNIVERSITY	C CORP	2,425,387	815,256	100.000 %

Schedule R (Form 990) 2011

Page 3

Part V

Transactions With Related Organizations (Complete if the organization answered "Yes" on Form 990, Part IV, line 34, 35, 35A, or 36.)

Note. Complete line 1 if any entity is listed in Parts II, III or IV.

Yes

1 During the tax year, did the orgranization engage in any of the following transactions with one or more related organizations listed in Parts II-IV?

a Receipt of (i) interest (ii) annuities (iii) royalties (iv) rent from a controlled entity . . . . . . . . . . . . . . . . . . . . . . .

b Gift, grant, or capital contribution to related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

c Gift, grant, or capital contribution from related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Yes

d Loans or loan guarantees to or for related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

e Loans or loan guarantees by related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Yes

f Sale of assets to related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

g Purchase of assets from related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

h Exchange of assets with related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

i Lease of facilities, equipment, or other assets to related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . .

j Lease of facilities, equipment, or other assets from related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . .

k Performance of services or membership or fundraising solicitations for related organization(s) . . . . . . . . . . . . . . . . . . . .

l Performance of services or membership or fundraising solicitations by related organization(s) . . . . . . . . . . . . . . . . . . . .

m Sharing of facilities, equipment, mailing lists, or other assets with related organization(s) . . . . . . . . . . . . . . . . . . . . .

n Sharing of paid employees with related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

o Reimbursement paid to related organization(s) for expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

p Reimbursement paid by related organization(s) for expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

q Other transfer of cash or property to related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Yes

r Other transfer of cash or property from related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Yes

If the answer to any of the above is "Yes," see the instructions for information on who must complete this line, including covered relationships and transaction thresholds.

(a) Name of other organization	(b) Transaction type(a-r)	(c) Amount involved	(d) Method of determining amount involved
(1)
(2)
(3)
(4)
(5)
(6)

Schedule R (Form 990) 2011

Page 4

Part VI

Unrelated Organizations Taxable as a Partnership (Complete if the organization answered "Yes" on Form 990, Part IV, line 37.)

Provide the following information for each entity taxed as a partnership through which the organization conducted more than five percent of its activities (measured by total assets or gross revenue) that was not a related organization. See instructions regarding exclusion for certain investment partnerships.

(a) Name, address, and EIN of entity	(b) Primary activity	(c) Legal domicile (state or foreign country)	(e) Are all partners section 501(c)(3) organizations?		(f) Share of total income	(g) Share of end-of-year assets	(h) Disproprtionate allocations?		(i) Code VUBI amount in box 20 of Schedule K-1 (Form 1065)	(j) General or managing partner?
(a) Name, address, and EIN of entity	(b) Primary activity	(c) Legal domicile (state or foreign country)	Yes	No	(f) Share of total income	(g) Share of end-of-year assets	Yes	No	(i) Code VUBI amount in box 20 of Schedule K-1 (Form 1065)	Yes	No

Schedule R (Form 990) 2011

Page 5

Part VII

Supplemental Information

Complete this part to provide additional information for responses to questions on Schedule R (see instructions).

Identifier	Return Reference	Explanation
ADDITIONAL INFORMATION	SCHEDULE R	OXFORD UNIVERSITY CONDUCTS ITS EXEMPT PROGRAM ACTIVITIES WORLDWIDE DIRECTLY AND THROUGH A NUMBER OF CONTROLLED ENTITIES AROUND THE WORLD IN CONDUCTING ITS EXEMPT PROGRAM ACTIVITIES IT ENGAGES IN FREQUENT TRANSACTIONS WITH CONTROLLED ENTITIES ON A DAILY BASIS OXFORD UNIVERSITY DOES NOT MAINTAIN ANY CONTROLLED ENTITIES IN THE UNITED STATES PART IV OF SCHEDULE R LISTS ONLY THOSE CONTROLLED ENTITIES THAT HAVE US SOURCE INCOME THESE CONTROLLED ENTITIES DO NOT ENGAGE IN THE CONDUCT OF ANY TRADE OR BUSINESS IN THE US THE UNIVERSITY HAS ADDITIONAL CONTROLLED ENTITIES OUTSIDE OF THE US AND WHICH HAVE NO US SOURCE INCOME WHICH ARE NOT INCLUDED ON PART IV OF SCHEDULE R

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1	Briefly describe the organization’s mission or most significant activities: THE PRINCIPAL OBJECTS OF THE UNIVERSITY ARE THE ADVANCEMENT OF LEARNING BY TEACHING AND RESEARCH, AND ITS DISSEMINATION BY EVERY MEANS. THE UNIVERSITY'S COMMITMENT TO EXCELLENCE IS REFLECTED IN SIX OVER-ARCHING OBJECTIVES: TO LEAD THE INTERNATIONAL RESEARCH AGENDA ACROSS THE UNIVERSITY'S DISCIPLINARY SPECTRUM AND THROUGH INTERDISCIPLINARY INITIATIVES; TO PROVIDE AN EXCEPTIONAL EDUCATION FOR BOTH UNDERGRADUATES AND GRADUATES, CHARACTERIZED BY THE CLOSE CONTACT OF STUDENTS WITH DISTINGUISHED SCHOLARS IN SUPPORTIVE COLLEGIATE AND DEPARTMENTAL COMMUNITIES; TO ATTRACT, DEVELOP AND RETAIN ACADEMIC STAFF OF THE HIGHEST INTERNATIONAL CALIBER AND MAKE THE UNIVERSITY AND ITS COLLEGES EMPLOYERS OF CHOICE FOR STAFF IN THE INTERNATIONAL, NATIONAL AND LOCAL ENVIRONMENTS; TO RECRUIT THE VERY BEST STUDENTS NATIONALLY AND INTERNATIONALLY THROUGH AN EQUITABLE PROCESS BASED ON ACHIEVEMENT AND POTENTIAL; TO MAKE FURTHER SIGNIFICANT CONTRIBUTIONS TO SOCIETY REGIONALLY, NATIONALLY, AND INTERNATIONALLY THROU
2	Check this box
3	Number of voting members of the governing body (Part VI, line 1a).....	3	25
4	Number of independent voting members of the governing body (Part VI, line 1b) ....	4	4
5	Total number of individuals employed in calendar year 2011 (Part V, line 2a) ...	5	0
6	Total number of volunteers (estimate if necessary) ....	6
7a	Total unrelated business revenue from Part VIII, column (C), line 12 ..	7a	639,431
b	Net unrelated business taxable income from Form 990-T, line 34 ..	7b	359,836

		Prior Year	Current Year
8	Contributions and grants (Part VIII, line 1h) .........	940,301,487	778,063,021
9	Program service revenue (Part VIII, line 2g) .........	418,032,408	1,153,356,612
10	Investment income (Part VIII, column (A), lines 3, 4, and 7d ) ....	56,915,010	69,139,711
11	Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e)	754,991,784	26,731,394
12	Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12)...................	2,170,240,689	2,027,290,738
13	Grants and similar amounts paid (Part IX, column (A), lines 1–3 )...	71,796,280	92,447,367
14	Benefits paid to or for members (Part IX, column (A), line 4).....		0
15	Salaries, other compensation, employee benefits (Part IX, column (A), lines 5–10)	1,030,819,257	983,647,177
16a	Professional fundraising fees (Part IX, column (A), line 11e).....		0
b	Total fundraising expenses (Part IX, column (D), line 25) 14,843,672
17	Other expenses (Part IX, column (A), lines 11a–11d, 11f–24f)....	903,131,197	763,104,690
18	Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25)	2,005,746,734	1,839,199,234
19	Revenue less expenses. Subtract line 18 from line 12.......	164,493,955	188,091,504
		Beginning of Current Year	End of Year
20	Total assets (Part X, line 16).............	5,778,823,869	5,190,483,710
21	Total liabilities (Part X, line 26).............	901,844,403	895,650,093
22	Net assets or fund balances. Subtract line 21 from line 20.....	4,876,979,466	4,294,833,617

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	Signature of officer	Date

	Type or print name and title.


4a	(Code: ) (Expenses $ 1,681,904,968 including grants of $ 92,447,367 ) (Revenue $ 1,153,356,612 )
	EDUCATION, RESEARCH AND ACADEMIC AND EDUCATIONAL PUBLISHING. THE UNIVERSITY'S PRINCIPAL OBJECTS ARE THE ADVANCEMENT OF LEARNING THROUGH EDUCATION, RESEARCH AND ITS DISSEMINATION BY EVERY MEANS. AS THE OLDEST ENGLISH-SPEAKING UNIVERSITY IN THE WORLD, OXFORD HAS A RICH AND EXCITING HISTORY. OVER THE PAST NINE CENTURIES, THE UNIVERSITY HAS GROWN AND DEVELOPED AND HAS AN INTERNATIONAL REPUTATION FOR THE EXCELLENT STANDARD OF ITS TEACHING AND RESEARCH, AND FOR ITS UNPARALLELED FACILITIES. CONTINUED ON SCHEDULE O. MORE THAN 21,000 STUDENTS FROM A DIVERSE RANGE OF BACKGROUNDS AND NATIONALITIES BENEFIT FROM OXFORD'S RESOURCES. THIS INCLUDES 11,752 UNDERGRADUATES AND 9,621 POSTGRADUATES. OXFORD'S STRATEGIC PLAN 2008/9 - 2012/13 EXPRESSES A COMMITMENT TO DISCIPLINARY EXCELLENCE ACROSS THE SPECTRUM OF THE SCIENCES, MEDICINE, THE SOCIAL SCIENCES AND THE HUMANITIES, INCLUDING SUPPORTING RESEARCH IN STATEGICALLY IMPORTANT AND VULNERABLE SUBJECTS. THE SCALE OF RESEARCH ACTIVITY AT OXFORD IS SUBSTANTIAL, INVOLVING MORE THAN 70 DEPARTMENTS, THE COLLEGES, OVER 1,600 ACADEMIC STAFF (TEACHING AND RESEARCH), MORE THAN 3,800 RESEARCH AND RESEARCH SUPPORT STAFF, AND OVER 5,300 GRADUATE RESEARCH STUDENTS. OXFORD CONSISTENTLY HAS THE HIGHEST RESEARCH INCOME FROM EXTERNAL SPONSORS OF ANY UK UNIVERSITY, EARNING U.S. 641 MILLION IN 2011-12, WHICH REPRESENTED AN INCREASE OF 3.8% OVER THE PREVIOUS YEAR. IN ADDITION TO THIS, THE HIGHER EDUCATION FUNDING COUNCIL FOR ENGLAND PROVIDED U.S.289 MILLION FOR RESEARCH. OXFORD HAS MORE WORLD-LEADING ACADEMICS (RATED 4 IN THE 2008 NATIONAL RESEARCH ASSESSMENT EXERCISE) THAN ANY OTHER UK UNIVERSITY. OXFORD ALSO HAS THE HIGHEST NUMBER OF WORLD-LEADING OR INTERNATIONALLY EXCELLENT (4 OR 3) ACADEMICS IN THE UK. OXFORD UNIVERSITY PRESS (OUP) IS A DEPARTMENT OF THE UNIVERSITY. IT FURTHERS THE UNIVERSITY'S OBJECTIVE OF EXCELLENCE IN RESEARCH, SCHOLARSHIP AND EDUCATION BY PUBLISHING WORLDWIDE. OUP IS THE WORLD'S LARGEST UNIVERSITY PRESS, WITH THE WIDEST GLOBAL PRESENCE. IT CURRENTLY PUBLISHES THOUSANDS OF NEW PUBLICATIONS A YEAR, HAS OFFICES IN AROUND 50 COUNTRIES, AND EMPLOYS SOME 6,000 PEOPLE WORLDWIDE. IT HAS BECOME FAMILIAR TO MILLIONS THROUGH A DIVERSE PUBLISHING PROGRAM THAT INCLUDES SCHOLARLY WORKS IN ALL ACADEMIC DISCIPLINES, BIBLES, MUSIC, SCHOOL AND COLLEGE TEXTBOOKS, CHILDREN'S BOOKS, MATERIALS FOR TEACHING ENGLISH AS A FOREIGN LANGUAGE, BUSINESS BOOKS, DICTIONARIES AND REFERENCE BOOKS AND ACADEMIC JOURNALS. HIGHLIGHTS FROM 2011/12 INCLUDED THE LAUNCH OF UNIVERSITY PRESS SCHOLARSHIP ONLINE, WHICH ALLOWS OTHER UNIVERSITY PRESSES TO PUBLISH THEIR MONOGRAPH CONTENT ONINE VIA AN INTUITIVE OXFORD PLATFORM; AND THE PUBLICATION OF HUNDREDS OF SCHOOLBOOKS IN SOUTH AFRICA WRITTEN IN 11 OF THE COUNTRY'S OFFICIAL LANGUAGES THAT CATER FOR A NEW CURRICULUM AT ALL SCHOOL LEVELS. OUP WON A TOTAL OF 110 PRIZES FOR ITS PUBLISHING OVER THE COURSE OF THE YEAR INCLUDING THE RENOWNED W.J.M. MACKENZIE PRIZE FOR IAIN MCLEAN'S WHAT'S WRONG WITH THE BRITISH CONSTITUTION? OXFORD WAS RANKED JOINT SECOND IN THE WORLD IN THE TIMES HIGHER EDUCATION SUPPLEMENT'S WORLD UNIVERSITY RANKINGS 2012-13. IN JUNE 2012, THE ANNUAL TIMES GOOD UNIVERSITY GUIDE NAMED OXFORD BRITAIN'S TOP UNIVERSITY FOR THE ELEVENTH YEAR RUNNING, AND IN THE SAME YEAR OXFORD UNIVERSITY WAS RANKED SECOND IN THE UK BY THE GUARDIAN AND THE SUNDAY TIMES. OXFORD UNIVERSITY HAS WON EIGHT QUEEN'S ANNIVERSARY PRIZES FOR HIGHER EDUCATION, MORE THAN ANY OTHER UNIVERSITY. THE PRIZES WERE AWARDED TO: THE WILDLIFE CONSERVATION RESEARCH UNIT (2011); THE UNIVERSITY'S MUSEUMS AND ARCHIVES (2009); THE OXFORD DICTIONARY OF NATIONAL BIOGRAPHY AT OUP (2007); THE CLINICAL TRIAL SERVICE UNIT (2005); THE REFUGEE STUDIES CENTRE (2002); THE CENTRE FOR CLINICAL VACCINOLOGY & TROPICAL MEDICINE (2000); THE WEATHERALL INSTITUTE OF MOLECULAR MEDICINE (1996); AND ISIS INNOVATION LTD. (1994). FOR MORE INFORMATION ON PROGAM SERVICE ACCOMPLISHMENTS, NEW AND EVENTS, VISIT: WWW.OX.AC.UK/NEWS PART V, LINE 3B: FILING OF FORM 990-T THE UNIVERSITY HAS FILED A REQUEST FOR AN EXTENSION OF TIME TO FILE FORM 990-T.

4b	(Code: ) (Expenses $ including grants of $ ) (Revenue $ )












4c	(Code: ) (Expenses $ including grants of $ ) (Revenue $ )












4d	Other program services (Describe in Schedule O.)
	(Expenses $ including grants of $ ) (Revenue $ )
4e	Total program service expenses$ 1,681,904,968

(A) Name and Title	(B) Average hours per week (describe hours for related organizations in Schedule O)	(C) Position (do not check more than one box, unless person is both an officer and a director/trustee)			(D) Reportable compensation from the organization (W- 2/1099-MISC)	(E) Reportable compensation from related organizations (W- 2/1099-MISC)	(F) Estimated amount of other compensation from the organization and related organizations
(A) Name and Title
(1) PROFESSOR A HAMILTON VICE CHANCEL	50.00	X	X		589,726	0	0
(2) PROFESSOR EG MCKENDRICK REGISTRAR	50.00	X	X		309,481	0	0
(3) G KERR DIR. OF FIN.	50.00		X		325,554	0	0
(4) N PORTWOOD CHIEF EXEC.	50.00			X	1,034,835	0	136,930
(5) T BARTON MGING DIR -	50.00			X	625,049	90,386	51,110
(6) D GILLARD GRP. FIN. DI	50.00			X	608,057	0	23,674
(7) P MARSHALL MGING DIR. E	50.00			X	595,871	0	101,123
(8) N TOMKINS MGING DIR. I	50.00			X	518,589	0	59,761

1b	Sub-Total................
c	Total from continuation sheets to Part VII, Section A....
d	Total (add lines 1b and 1c)............	4,607,162	90,386	820,134

				(A) Total revenue	(B) Related or exempt function revenue	(C) Unrelated business revenue	(D) Revenue excluded from tax under sections 512, 513, or 514
1a	Federated campaigns..1a
b	Membership dues....1b
c	Fundraising events....1c
d	Related organizations...1d		83,077,474
e	Government grants (contributions)1e		636,497,375

f	All other contributions, gifts, grants, and similar amounts not included above1f		58,488,172
g	Noncash contributions included in lines 1a-1f:$ 438,984
h	Total. Add lines 1a-1f.......			778,063,021
			Business Code
2a	EDUCATION AND RESEARCH		611,600	1,124,173,717	1,124,173,717
b	EDUCATION AND RESEARCH		900,099	639,431		639,431
c
d
e
f	All other program service revenue .			28,543,464	28,543,464
g	Total. Add lines 2a–2f........			1,153,356,612
3	Investment income (including dividends, interest
	and other similar amounts).....			62,826,446			62,826,446
4	Income from investment of tax-exempt bond proceeds..
5	Royalties............			29,372,158	29,372,158
		(i) Real	(ii) Personal
6a	Gross rents	17,524,007
b	Less: rental expenses	5,393,367
c	Rental income or (loss)	12,130,640
d	Net rental income or (loss).......			12,130,640			12,130,640
		(i) Securities	(ii) Other
7a	Gross amount from sales of assets other than inventory	455,673	5,857,592
b	Less: cost or other basis and sales expenses
c	Gain or (loss)	455,673	5,857,592
d	Net gain or (loss)..........			6,313,265			6,313,265
8a	Gross income from fundraising events (not including $ of contributions reported on line 1c). See Part IV, line 18 ...
	a
b	Less: direct expenses ...b
c	Net income or (loss) from fundraising events..
9a	Gross income from gaming activities. See Part IV, line 19 ...
	a
b	Less: direct expenses ...b
c	Net income or (loss) from gaming activities...
10a	Gross sales of inventory, less returns and allowances .
	a		3,748,001
b	Less: cost of goods sold ..b		1,459,188
c	Net income or (loss) from sales of inventory..			2,288,813	2,288,813
Miscellaneous Revenue			Business Code
11a	EXCHANGE RESERVE			4,319,808	4,319,808
b				-21,380,025	-21,380,025
c
d	All other revenue ....
e	Total. Add lines 11a–11d ......			-17,060,217
12	Total revenue. See Instructions....			2,027,290,738	1,167,317,935	639,431	81,270,351


				(A) Beginning of year		(B) End of year
1	Cashnon-interest-bearing ..........				1
2	Savings and temporary cash investments .......			1,272,155,470	2	401,873,964
3	Pledges and grants receivable, net .........			162,672,650	3	195,721,353
4	Accounts receivable, net .........			278,956,844	4	439,028,237
5	Receivables from current and former officers, directors, trustees, key employees, and highest compensated employees. Complete Part II of
	Schedule L ..........				5
6	Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B). Complete Part II of
	Schedule L ..........				6
7	Notes and loans receivable, net .............				7
8	Inventories for sale or use ..............			114,745,805	8	107,567,233
9	Prepaid expenses and deferred charges ............				9
10a	Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D	10a	2,532,296,934
b	Less: accumulated depreciation. .....	10b	585,506,783	1,910,260,866	10c	1,946,790,151
11	Investments—publicly traded securities ..........			1,430,575,614	11	1,042,228,776
12	Investments—other securities. See Part IV, line 11 ......			544,890,828	12	714,276,696
13	Investments—program-related. See Part IV, line 11 ..				13	41,968,766
14	Intangible assets .........			24,838,181	14	61,101,399
15	Other assets. See Part IV, line 11 ...........			39,727,611	15	239,927,135
16	Total assets. Add lines 1 through 15 (must equal line 34)...			5,778,823,869	16	5,190,483,710
17	Accounts payable and accrued expenses .			426,172,572	17	404,666,841
18	Grants payable ..........			282,666,300	18	313,677,773
19	Deferred revenue ..........			23,965,900	19	18,519,399
20	Tax-exempt bond liabilities ..........				20	31,665,000
21	Escrow or custodial account liability. Complete Part IV of Schedule D..				21
22	Payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified
	persons. Complete Part II of Schedule L..........				22
23	Secured mortgages and notes payable to unrelated third parties ..				23
24	Unsecured notes and loans payable to unrelated third parties ....			78,355,858	24	70,436,940
25	Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17-24). Complete Part X of Schedule D.....			90,683,773	25	56,684,140
26	Total liabilities. Add lines 17 through 25.....			901,844,403	26	895,650,093
	Organizations that follow SFAS 117, check here and complete lines 27 through 29, and lines 33 and 34.
27	Unrestricted net assets .....				27
28	Temporarily restricted net assets .....				28
29	Permanently restricted net assets .....				29
	Organizations that do not follow SFAS 117, check here and complete lines 30 through 34.
30	Capital stock or trust principal, or current funds .....				30
31	Paid-in or capital surplus, or land, building or equipment fund .....				31
32	Retained earnings, endowment, accumulated income, or other funds			4,876,979,466	32	4,294,833,617
33	Total net assets or fund balances .....			4,876,979,466	33	4,294,833,617
34	Total liabilities and net assets/fund balances .....			5,778,823,869	34	5,190,483,710

1	Was the organization a U.S. transferor of property to a foreign corporation during the tax year? If "Yes," the organization may be required to file Form 926 (see instructions for Form 926).................	Yes	No
2	Did the organization have an interest in a foreign trust during the tax year? If " Yes," the organization may be required to file Form 3520 and/or Form 3520-A. (see instructions for Forms 3520 and 3520-A)..........	Yes	No
3	Did the organization have an ownership interest in a foreign corporation during the tax year? If "Yes," the organization may be required to file Form 5471, Information Return of U.S. Persons with respect to Certain Foreign Corporations. (see instructions for Form 5471)..............................	Yes	No
4	Was the organization a direct or indirect shareholder of a passive foreign investment company or a qualified electing fund during the tax year? If "Yes," the organization may be required to file Form 8621, Return by a Shareholder of a Passive Foreign Investment Company or Qualified Electing Fund. (see instructions for Form 8621)	Yes	No
5	Did the organization have an ownership interest in a foreign partnership during the tax year? If "Yes," the organization may be required to file Form 8865, Return of U.S. Persons with respect to Certain Foreign Partnerships. (see instructions for Form 8865)....................................	Yes	No
6	Did the organization have any operations in or related to any boycotting countries during the tax year? If "Yes," the organization may be required to file Form 5713, International Boycott Report (see instructions for Form 5713)................................................	Yes	No