Form990


Department of the TreasuryInternal Revenue Service
Return of Organization Exempt From Income Tax
Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except private foundations)
Do not enter social security numbers on this form as it may be made public.
Go to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
2024
Open to Public Inspection
A For the 2024 calendar year, or tax year beginning 08-01-2024 , and ending 07-31-2025
BCheck if applicable:
CName of organization
CHANCELLOR MASTERS & SCHOLARS OF THE UNIVERSITY OF OXFORD
 
 
Doing business as
Oxford University
 
Number and street (or P.O. box if mail is not delivered to street address)
University Offices Wellington Sq
 
Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Oxford, OxfordshireOX12JD
United Kingdom (England, Northern Ireland, Scotland, and Wales)
D Employer identification number

98-6001062
E Telephone number

G Gross receipts $ 3,757,234,011
F Name and address of principal officer:
Professor Irene Tracey
Wellinqton Square
Oxford   OX12JD
UK
I
Tax-exempt status: (   ) (insert no.) or
J
Website:
www.ox.ac.uk
H(a)
Is this a group return for
subordinates?
H(b)
Are all subordinates
included?
If "No," attach a list. See instructions.
H(c)
Group exemption number  
K Form of organization:  
L Year of formation: 1096
M State of legal domicile: UK
Part I
Summary
Activities & Governance 1 Briefly describe the organization’s mission or most significant activities: The principal objects are the advancement of learning by teaching and research, and its dissemination by every means. We provide world-class research, education and academic and educational publishing.
2 Check this box
3 Number of voting members of the governing body (Part VI, line 1a) ........ 3 28
4 Number of independent voting members of the governing body (Part VI, line 1b) ..... 4 5
5 Total number of individuals employed in calendar year 2024 (Part V, line 2a) ...... 5 0
6 Total number of volunteers (estimate if necessary) ............. 6 5
7a Total unrelated business revenue from Part VIII, column (C), line 12 ........ 7a 8,462,796
b Net unrelated business taxable income from Form 990-T, Part I, line 11 ......... 7b 4,158,625
Revenues Prior Year Current Year
8 Contributions and grants (Part VIII, line 1h) ......... 1,143,957,854 1,084,821,197
9 Program service revenue (Part VIII, line 2g) ......... 2,115,459,195 2,288,240,152
10 Investment income (Part VIII, column (A), lines 3, 4, and 7d ) .... 226,991,696 255,894,529
11 Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e) 143,114,058 128,278,133
12 Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12) 3,629,522,803 3,757,234,011
Expenses; 13 Grants and similar amounts paid (Part IX, column (A), lines 1–3 )... 169,318,844 200,715,330
14 Benefits paid to or for members (Part IX, column (A), line 4)..... 0 0
15 Salaries, other compensation, employee benefits (Part IX, column (A), lines 5–10) 881,166,694 2,007,583,767
16a Professional fundraising fees (Part IX, column (A), line 11e) ..... 0 0
b Total fundraising expenses (Part IX, column (D), line 25) 27,934,180    
17 Other expenses (Part IX, column (A), lines 11a–11d, 11f–24e).... 1,597,218,151 1,652,879,224
18 Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25) 2,647,703,689 3,861,178,321
19 Revenue less expenses. Subtract line 18 from line 12....... 981,819,114 -103,944,310
Net Assets or Fund Balances; Beginning of Current Year End of Year
20 Total assets (Part X, line 16)............. 11,256,440,917 12,395,980,006
21 Total liabilities (Part X, line 26)............. 3,229,134,623 3,487,267,887
22 Net assets or fund balances. Subtract line 21 from line 20..... 8,027,306,294 8,908,712,119
Part II
Signature Block
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than officer) is based on all information of which preparer has any knowledge.
Sign Here
Signature of officer Date
Type or print name and title
Paid Preparer Use Only
Print/Type preparer's name
Preparer's signature
Date
PTIN
Firm's name

Firm's EIN
Firm's address



Phone no.
May the IRS discuss this return with the preparer shown above? See Instructions. ..........
For Paperwork Reduction Act Notice, see the separate instructions.
Cat. No. 11282Y Form 990 (2024)
Form 990 (2024)
Page 2
Part III
Statement of Program Service Accomplishments
Check if Schedule O contains a response or note to any line in this Part III..............
1
Briefly describe the organization’s mission: The principal objects of the University are the advancement of learning by teaching and research, and its dissemination by every means. We work as one Oxford bringing together our staff, students and alumni, our colleges, faculties, departments and divisions to provide world-class research, education and academic and educational publishing. We do this in ways which benefit society on a local, national, and global scale. We build on the University's long-standing traditions of independent scholarship and academic freedom while fostering a culture in which innovation and collaboration play an important role. The University's strategic priorities, developed against a background of local, national and worldwide change, focus on the themes of education, research, publishing, people, engagement and partnership, and resources.
2
Did the organization undertake any significant program services during the year which were not listed on
the prior Form 990 or 990-EZ? .....................
If "Yes," describe these new services on Schedule O.
3
Did the organization cease conducting, or make significant changes in how it conducts, any program
services? ...........................
If "Yes," describe these changes on Schedule O.
4
Describe the organization’s program service accomplishments for each of its three largest program services, as measured by expenses. Section 501(c)(3) and 501(c)(4) organizations are required to report the amount of grants and allocations to others, the total expenses, and revenue, if any, for each program service reported.
4a (Code:   ) (Expenses $ 1,112,450,670 including grants of $ 108,999,926 ) (Revenue $ 783,914,138 )
Education: 2024-25 HIGHLIGHTS * 26,025 students at Oxford, including 12,375 undergraduates and 13,650 postgraduates * Almost one in four (2,445) UK full-time undergraduates at the University currently receive an annual, non-repayable bursary. * 1,543 graduate students were in receipt of a scholarship, with over $81m disbursed in stipend and fee costs. In 2024/25, the University continued to enhance its undergraduate financial support package, allocating over $14m in bursary support to UK students from lower income-households. Scholarships also play a key role in attracting and retaining the highest calibre of graduate students. The Clarendon and Academic Futures programmes are complemented by the Mastercard Foundation Scholars Program as well as a number of other University-wide graduate scholarship schemes. The Department for Continuing Education plays a vital role within the University of Oxford's mission, offering ever growing support for non-traditional learners worldwide. The department continues to expand flexible and digitally enabled provision of opportunities that support students and lifelong learners throughout their educational journeys. Its extensive portfolio serves around 21,000 students annually, reaching local, national, and international learners. Under the new Oxford Lifelong Learning brand, the department offers a wide range of part-time courses, including postgraduate certificates and diplomas, Masters' degrees, DPhils, undergraduate certificates, diplomas and advanced diplomas, short accredited courses and professional development programmes. The University seeks to equip all its students with the skills and knowledge to succeed in future study or employment. Outside the curriculum, support provided for students included the following: * Careers advisers offered personalised support to students, researchers and alumni in over 6,000 one-to-one advice appointments * The Careers Service organised over 250 events and conferences, over 2,000 exclusive internships and nine in-person careers fairs. * Skills development programs, including the Oxford Strategy Challenge, and the Future Leaders Innovation Programme gave more than 300 undergraduate and postgraduate students the chance to participate in authentic business projects with real organisations, both locally and internationally * Almost 5,000 students submitted more than 9,000 applications for approximately 2,000 exclusive internships advertised through the Internship Office, both in the UK and internationally. These opportunities encompassed the Summer Internship, Micro-Internship and the Crankstart Internship Programmes
4b (Code:   ) (Expenses $ 936,045,243 including grants of $ 91,715,404 ) (Revenue $ 580,614,208 )
Research: * For the tenth consecutive year, ranked first in the Times Higher Education (THE) worldwide ranking of universities (both overall and for the research environment) * Oxford is the recipient of the highest quality-related recurrent funding for research of any UK university in 2024/25 * In 2023/24 (the last year for which data is available) Oxford University retained top spot as the leading UK academic institution for generating spinouts The University research activity is extensive, engaging over 2,000 academics, more than 5,100 research staff and 7,350 postgraduate research students. Collaborating with universities, research organisations, healthcare providers, businesses, community groups, charities and government agencies, both nationally and internationally, the University drives significant public benefits. These include enhanced public policy, improved health outcomes, economic prosperity, social cohesion, international development, community identity, and achievement in the arts, culture and overall quality of life. In 2024/25 the University received 2,367 new research awards, amounting to a cumulative value of $1,353m , which will be utilised over the duration of the awards in the coming years. Additionally, Research England provided crucial support through QR recurrent grant funding, totalling $224m . Selected research funding highlights in the past year include: * Long-term strategic alliance with the Ellison Institute of Technology (EIT); at least $133m investment in joint research programmes, and $40m of scholarship funding for the new University of Oxford-EIT Centre for Doctoral Training (CDT) in the Fundamentals of Artificial Intelligence. * $52m received from the European Research Councils for 22 awards, across all four academic divisions. * Up to $66m investment from GSK for the GSK-Oxford Cancer Immuno-Prevention Programme to explore the potential of cancer prevention through early treatments.
4c (Code:   ) (Expenses $ 805,425,793 including grants of $ 0 ) (Revenue $ 768,871,737 )
Academic and Educational Publishing: 2024-25 HIGHLIGHTS * Over 180m people visited the Oxford Academic platform * Major awards won by academic titles include the Pulitzer Prize for History and the Erwin N Griswold Prize from the Supreme Court Historical Society * Reached 58m learners across 160 countries through educational publishing * The Press now publishes more than 150 journals, 34,000 articles and 100 books open access Through Oxford University Press, the University serves three core publishing markets: Research, the Learning of English, and Education, and is committed to creating high quality content supporting research and education, and making that content available all over the world. The Press's Academic division continued to expand and enhance its digital offer with approximately 79% of its turnover coming from digital products and services. Over 180m people visited the Oxford Academic platform - the Press's primary platform for hosting research content - while in Higher Education the sales of ebooks increased by 18% compared with the previous year. In response to the ongoing development and adoption of AI technology, two AI-enabled search assistants were launched on Oxford Academic and the Oxford English Dictionary website, OED.com. Both assistants respond to natural language queries to support the research journey. Through the Education division, the Press reached 58m learners across more than 160 countries, continuing to develop tools and educational resources that enhance the learning journey. The English Language Teaching (ELT) division saw strong performance in many of its major markets, including Spain, Italy, Vietnam and Argentina. To expand its digital offer, further series were added to the Oxford English Hub, the division's primary platform for hosting English language teaching and learning materials, bringing the total amount of series on the platform to 24. The division also published the fifth edition of English File, one of its most successful English language courses, which has helped more than 28m people learn English.
(Code:   ) (Expenses $ 624,149,589 including grants of $ 0 ) (Revenue $ 160,588,666 )
Other program services: This is generated from a variety of sources, working with national and international organisations, both private and not-for-profit. Our work encompasses multiple projects further expanding the boundaries of commercial, scientific and academic knowledge and disseminating this through a variety of appropriate means.
4d Other program services (Describe in Schedule O.)
(Expenses $ 624,149,589 including grants of $   ) (Revenue $ 160,588,666 )
4e Total program service expenses3,478,071,295
Form 990 (2024)
Form 990 (2024)
Page 3
Part IV
Checklist of Required Schedules
Yes
No
1
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)? If "Yes," complete Schedule AClick to see attachment
List of Attached Documents:
// Content
.....................
1
Yes
 
2
Is the organization required to complete Schedule B, Schedule of Contributors? See instructions. Click to see attachment
List of Attached Documents:
// Content
...
2
Yes
 
3
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office? If "Yes," complete Schedule C, Part I.............
3
 
No
4
Section 501(c)(3) organizations. Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year? If "Yes," complete Schedule C, Part II.........
4
 
No
5
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Rev. Proc. 98-19? If "Yes," complete Schedule C, Part IIIClick to see attachment
List of Attached Documents:
// Content
..
5
 
No
6
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts? If "Yes," complete Schedule D, Part I.........................
6
 
No
7
Did the organization receive or hold a conservation easement, including easements to preserve open space,
the environment, historic land areas, or historic structures? If "Yes," complete Schedule D, Part II....
7
 
No
8
Did the organization maintain collections of works of art, historical treasures, or other similar assets? If "Yes,"
complete Schedule D, Part IIIClick to see attachment
List of Attached Documents:
// Content
..............
8
Yes
 
9
Did the organization report an amount in Part X, line 21 for escrow or custodial account liability; serve as a custodian for amounts not listed in Part X; or provide credit counseling, debt management, credit repair, or debt negotiation services? If "Yes," complete Schedule D, Part IV..............
9
 
No
10
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi endowments? If "Yes," complete Schedule D, Part VClick to see attachment
List of Attached Documents:
// Content
......
10
Yes
 
11
If the organization’s answer to any of the following questions is "Yes," then complete Schedule D, Parts VI, VII, VIII, IX, or X, as applicable.
a
Did the organization report an amount for land, buildings, and equipment in Part X, line 10? If "Yes," complete
Schedule D, Part VI. Click to see attachment
List of Attached Documents:
// Content
...................
11a
Yes
 
b
Did the organization report an amount for investments—other securities in Part X, line 12 that is 5% or more of its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part VIIClick to see attachment
List of Attached Documents:
// Content
.......
11b
Yes
 
c
Did the organization report an amount for investments—program related in Part X, line 13 that is 5% or more of its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part VIII.......
11c
 
No
d
Did the organization report an amount for other assets in Part X, line 15 that is 5% or more of its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part IXClick to see attachment
List of Attached Documents:
// Content
............
11d
Yes
 
e
Did the organization report an amount for other liabilities in Part X, line 25? If "Yes," complete Schedule D, Part XClick to see attachment
List of Attached Documents:
// Content
11e
Yes
 
f
Did the organization’s separate or consolidated financial statements for the tax year include a footnote that addresses the organization’s liability for uncertain tax positions under FIN 48 (ASC 740)? If "Yes," complete Schedule D, Part X
11f
 
No
12a
Did the organization obtain separate, independent audited financial statements for the tax year? If "Yes," complete
Schedule D, Parts XI and XII......................
12a
 
No
b
Was the organization included in consolidated, independent audited financial statements for the tax year? If "Yes," and if the organization answered "No" to line 12a, then completing Schedule D, Parts XI and XII is optional Click to see attachment
List of Attached Documents:
// Content
12b
Yes
 
13
Is the organization a school described in section 170(b)(1)(A)(ii)? If "Yes," complete Schedule EClick to see attachment
List of Attached Documents:
// Content
13
Yes
 
14a
Did the organization maintain an office, employees, or agents outside of the United States? .....
14a
Yes
 
b
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more? If "Yes," complete Schedule F, Parts I and IV.........Click to see attachment
List of Attached Documents:
// Content
14b
Yes
 
15
Did the organization report on Part IX, column (A), line 3, more than $5,000 of grants or other assistance to or for any foreign organization? If “Yes,” complete Schedule F, Parts II and IV.....Click to see attachment
List of Attached Documents:
// Content
15
Yes
 
16
Did the organization report on Part IX, column (A), line 3, more than $5,000 of aggregate grants or other assistance to or for foreign individuals? If “Yes,” complete Schedule F, Parts III and IV...Click to see attachment
List of Attached Documents:
// Content
16
Yes
 
17
Did the organization report a total of more than $15,000 of expenses for professional fundraising services on Part IX, column (A), lines 6 and 11e? If "Yes," complete Schedule G, Part I. See instructions. ....
17
 
No
18
Did the organization report more than $15,000 total of fundraising event gross income and contributions on Part VIII, lines 1c and 8a? If "Yes," complete Schedule G, Part II............
18
 
No
19
Did the organization report more than $15,000 of gross income from gaming activities on Part VIII, line 9a? If "Yes," complete Schedule G, Part III...................
19
 
No
20a
Did the organization operate one or more hospital facilities? If "Yes," complete Schedule H....
20a
 
No
b
If "Yes" to line 20a, did the organization attach a copy of its audited financial statements to this return?
20b
 
 
21
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government on Part IX, column (A), line 1? If “Yes,” complete Schedule I, Parts I and II.....
21
 
No
Form 990 (2024)
Form 990 (2024)
Page 4
Part IV
Checklist of Required Schedules (continued)
Yes
No
22
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals on Part IX, column (A), line 2? If “Yes,” complete Schedule I, Parts I and III........
22
 
No
23
Did the organization answer "Yes" to Part VII, Section A, line 3, 4, or 5, about compensation of the organization’s current and former officers, directors, trustees, key employees, and highest compensated employees? If "Yes," complete Schedule J....................... Click to see attachment
List of Attached Documents:
// Content
23
Yes
 
24a
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002? If “Yes,” answer lines 24b through 24d and complete Schedule K. If “No,” go to line 25a...............
24a
 
No
b
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?...
24b
 
 
c
Did the organization maintain an escrow account other than a refunding escrow at any time during the year
to defease any tax-exempt bonds? ...............
24c
 
No
d
Did the organization act as an "on behalf of" issuer for bonds outstanding at any time during the year?...
24d
 
No
25a
Section 501(c)(3), 501(c)(4), and 501(c)(29) organizations. Did the organization engage in an excess benefit transaction with a disqualified person during the year? If "Yes," complete Schedule L, Part I ....
25a
 
No
b
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization’s prior Forms 990 or 990-EZ? If "Yes," complete Schedule L, Part I.......................
25b
 
No
26
Did the organization report any amount on Part X, line 5 or 22 for receivables from or payables to any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons? If "Yes," complete Schedule L, Part II...........
26
 
No
27
Did the organization provide a grant or other assistance to any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or employee thereof, a grant selection committee member, or to a 35% controlled entity (including an employee thereof) or family member of any of these persons?
If "Yes," complete
Schedule L, Part III.........................
27
 
No
28
Was the organization a party to a business transaction with one of the following parties (see the Schedule L, Part IV instructions for applicable filing thresholds, conditions, and exceptions):
a
A current or former officer, director, trustee, key employee, creator or founder, or substantial contributor? If "Yes," complete Schedule L, Part IV......................
28a
 
No
b
A family member of any individual described in line 28a? If "Yes," complete Schedule L, Part IV.....
28b
 
No
c
A 35% controlled entity of one or more individuals and/or organizations described in line 28a or 28b? If "Yes," complete Schedule L, Part IV.....................
28c
 
No
29
Did the organization receive more than $25,000 in non-cash contributions? If "Yes," complete Schedule M..Click to see attachment
List of Attached Documents:
// Content
29
Yes
 
30
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions? If "Yes," complete Schedule M .................Click to see attachment
List of Attached Documents:
// Content
30
Yes
 
31
Did the organization liquidate, terminate, or dissolve and cease operations? If "Yes," complete Schedule N, Part I
31
 
No
32
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets? If "Yes," complete Schedule N, Part II........................
32
 
No
33
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3? If "Yes," complete Schedule R, Part I............
33
 
No
34
Was the organization related to any tax-exempt or taxable entity? If "Yes," complete Schedule R, Part II, III, or IV, and Part V, line 1.........................Click to see attachment
List of Attached Documents:
// Content
34
Yes
 
35a
Did the organization have a controlled entity within the meaning of section 512(b)(13)?
35a
Yes
 
b
If ‘Yes’ to line 35a, did the organization receive any payment from or engage in any transaction with a controlled entity within the meaning of section 512(b)(13)? If "Yes," complete Schedule R, Part V, line 2 ...Click to see attachment
List of Attached Documents:
// Content
35b
Yes
 
36
Section 501(c)(3) organizations. Did the organization make any transfers to an exempt non-charitable related organization? If "Yes," complete Schedule R, Part V, line 2.............
36
 
No
37
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes? If "Yes," complete Schedule R, Part VI
37
 
No
38
Did the organization complete Schedule O and provide explanations on Schedule O for Part VI, lines 11b and 19? Note. All Form 990 filers are required to complete Schedule O. ............
38
Yes
 
Part V
Statements Regarding Other IRS Filings and Tax Compliance
Check if Schedule O contains a response or note to any line in this Part V...........
Yes
No
1a
Enter the number reported in box 3 of Form 1096. Enter -0- if not applicable ..
1a
13,132
b
Enter the number of Forms W-2G included on line 1a. Enter -0- if not applicable .
1b
563
c
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners? ..................
1c
Yes
 
Form 990 (2024)
Form 990 (2024)
Page 5
Part V
Statements Regarding Other IRS Filings and Tax Compliance (continued)
2a
Enter the number of employees reported on Form W-3, Transmittal of Wage and
Tax Statements, filed for the calendar year ending with or within the year covered by this return ..................
2a
0
b
If at least one is reported on line 2a, did the organization file all required federal employment tax returns?
2b
 
 
3a
Did the organization have unrelated business gross income of $1,000 or more during the year?...
3a
Yes
 
b
If “Yes,” has it filed a Form 990-T for this year? If “No” to line 3b, provide an explanation in Schedule O...
3b
Yes
 
4a
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)? ..
4a
Yes
 
b
If "Yes," enter the name of the foreign country: HK , HU , IN , AS , PE , LO , SP , UP , UK , VM , BU , CA , CI , EZ , FR , GM
See instructions for filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR).
5a
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year? ..
5a
 
No
b
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?
5b
 
No
c
If "Yes," to line 5a or 5b, did the organization file Form 8886-T? ............
5c
 
 
6a
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions? ...
6a
 
No
b
If "Yes," did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible? ......................
6b
 
 
7
Organizations that may receive deductible contributions under section 170(c).
a
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor? ....................
7a
 
No
b
If "Yes," did the organization notify the donor of the value of the goods or services provided? .....
7b
 
 
c
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282? .........................
7c
 
No
d
If "Yes," indicate the number of Forms 8282 filed during the year ....
7d
 
e
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?
7e
 
No
f
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ..
7f
 
No
g
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required? ......................
7g
 
No
h
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C? ..........................
7h
 
No
8
Sponsoring organizations maintaining donor advised funds. Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year? ........
8
 
 
9
Sponsoring organizations maintaining donor advised funds.
a
Did the sponsoring organization make any taxable distributions under section 4966?........
9a
 
 
b
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?...
9b
 
 
10
Section 501(c)(7) organizations. Enter:
a
Initiation fees and capital contributions included on Part VIII, line 12 ...
10a
 
b
Gross receipts, included on Form 990, Part VIII, line 12, for public use of club facilities
10b
 
11
Section 501(c)(12) organizations. Enter:
a
Gross income from members or shareholders .........
11a
 
b
Gross income from other sources. (Do not net amounts due or paid to other sources against amounts due or received from them.) ..........
11b
 
12a
Section 4947(a)(1) non-exempt charitable trusts. Is the organization filing Form 990 in lieu of Form 1041?
12a
 
 
b
If "Yes," enter the amount of tax-exempt interest received or accrued during the year.
12b
 
13
Section 501(c)(29) qualified nonprofit health insurance issuers.
a
Is the organization licensed to issue qualified health plans in more than one state? .........
Note. See the instructions for additional information the organization must report on Schedule O.
13a
 
 
b
Enter the amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans ....
13b
 
c
Enter the amount of reserves on hand ............
13c
 
14a
Did the organization receive any payments for indoor tanning services during the tax year?.....
14a
 
No
b
If "Yes," has it filed a Form 720 to report these payments? If "No," provide an explanation in Schedule O..
14b
 
 
15
Is the organization subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or excess parachute payment(s) during the year? ....................
If "Yes," see the instructions and file Form 4720, Schedule N.
15
 
No
16
Is the organization an educational institution subject to the section 4968 excise tax on net investment income? ..
If "Yes," complete Form 4720, Schedule O.
16
 
No
17
Section 501(c)(21) organizations. Did the trust, or any disqualified or other person engage in any activities that would result in the imposition of an excise tax under section 4951, 4952, or 4953? ..
If "Yes," complete Form 6069.
17
 
 
Form 990 (2024)
Form 990 (2024)
Page 6
Part VI
Governance, Management, and Disclosure. For each "Yes" response to lines 2 through 7b below, and for a "No" response to lines 8a, 8b, or 10b below, describe the circumstances, processes, or changes in Schedule O. See instructions.
Check if Schedule O contains a response or note to any line in this Part VI..............
Section A. Governing Body and Management
Yes
No
1a
Enter the number of voting members of the governing body at the end of the tax year
1a
28
If there are material differences in voting rights among members of the governing body, or if the governing body delegated broad authority to an executive committee or similar committee, explain in Schedule O.
b
Enter the number of voting members included in line 1a, above, who are independent
1b
5
2
Did any officer, director, trustee, or key employee have a family relationship or a business relationship with any other officer, director, trustee, or key employee? .................
2
 
No
3
Did the organization delegate control over management duties customarily performed by or under the direct supervision of officers, directors or trustees, or key employees to a management company or other person? .
3
 
No
4
Did the organization make any significant changes to its governing documents since the prior Form 990 was filed? .
4
Yes
 
5
Did the organization become aware during the year of a significant diversion of the organization’s assets? .
5
 
No
6
Did the organization have members or stockholders? ................
6
 
No
7a
Did the organization have members, stockholders, or other persons who had the power to elect or appoint one or more members of the governing body? ....................
7a
Yes
 
b
Are any governance decisions of the organization reserved to (or subject to approval by) members, stockholders, or persons other than the governing body? ...................
7b
Yes
 
8
Did the organization contemporaneously document the meetings held or written actions undertaken during the year by the following:
a
The governing body? .......................
8a
Yes
 
b
Each committee with authority to act on behalf of the governing body? ............
8b
Yes
 
9
Is there any officer, director, trustee, or key employee listed in Part VII, Section A, who cannot be reached at the organization’s mailing address? If "Yes," provide the names and addresses in Schedule O.......
9
 
No
Section B. Policies (This Section B requests information about policies not required by the Internal Revenue Code.)
Yes
No
10a
Did the organization have local chapters, branches, or affiliates? ............
10a
 
No
b
If "Yes," did the organization have written policies and procedures governing the activities of such chapters, affiliates, and branches to ensure their operations are consistent with the organization's exempt purposes?
10b
 
No
11a
Has the organization provided a complete copy of this Form 990 to all members of its governing body before filing the form? ............................
11a
 
No
b
Describe on Schedule O the process, if any, used by the organization to review this Form 990. .....
12a
Did the organization have a written conflict of interest policy? If "No," go to line 13.......
12a
Yes
 
b
Were officers, directors, or trustees, and key employees required to disclose annually interests that could give rise to conflicts? ..........................
12b
Yes
 
c
Did the organization regularly and consistently monitor and enforce compliance with the policy? If "Yes," describe on Schedule O how this was done...................
12c
Yes
 
13
Did the organization have a written whistleblower policy? ...............
13
Yes
 
14
Did the organization have a written document retention and destruction policy? .........
14
Yes
 
15
Did the process for determining compensation of the following persons include a review and approval by independent persons, comparability data, and contemporaneous substantiation of the deliberation and decision?
a
The organization’s CEO, Executive Director, or top management official ...........
15a
Yes
 
b
Other officers or key employees of the organization ................
15b
Yes
 
If "Yes" to line 15a or 15b, describe the process on Schedule O. See instructions.
16a
Did the organization invest in, contribute assets to, or participate in a joint venture or similar arrangement with a taxable entity during the year? ......................
16a
Yes
 
b
If "Yes," did the organization follow a written policy or procedure requiring the organization to evaluate its participation in joint venture arrangements under applicable federal tax law, and take steps to safeguard the organization’s exempt status with respect to such arrangements? ............
16b
Yes
 
Section C. Disclosure
17
List the states with which a copy of this Form 990 is required to be filed
18
Section 6104 requires an organization to make its Form 1023 (1024 or 1024-A, if applicable), 990, and 990-T (section 501(c)(3)s only) available for public inspection. Indicate how you made these available. Check all that apply.
19
Describe in Schedule O whether (and if so, how) the organization made its governing documents, conflict of interest policy, and financial statements available to the public during the tax year.
20
State the name, address, and telephone number of the person who possesses the organization's books and records:
Simon BoddieUniversity Offices   Wellington Square Oxford,OxfordshireOX12JDUK
Form 990 (2024)
Form 990 (2024)
Page 7
Part VII
Compensation of Officers, Directors,Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
Check if Schedule O contains a response or note to any line in this Part VII..............
Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
1a Complete this table for all persons required to be listed. Report compensation for the calendar year ending with or within the organization’s tax year.
RoundBullet List all of the organization’s current officers, directors, trustees (whether individuals or organizations), regardless of amount
of compensation. Enter -0- in columns (D), (E), and (F) if no compensation was paid.

RoundBullet List all of the organization’s current key employees, if any. See the instructions for definition of "key employee."
RoundBullet List the organization’s five current highest compensated employees (other than an officer, director, trustee or key employee)
who received reportable compensation (box 5 of Form W-2, box 6 of Form 1099-MISC, and/or box 1 of Form 1099-NEC) of more than $100,000 from the organization and any related organizations.

RoundBullet List all of the organization’s former officers, key employees, or highest compensated employees who received more than $100,000
of reportable compensation from the organization and any related organizations.

RoundBullet List all of the organization’s former directors or trustees that received, in the capacity as a former director or trustee of the
organization, more than $10,000 of reportable compensation from the organization and any related organizations.

See the instructions for the order in which to list the persons above.
Check this box if neither the organization nor any related organization compensated any current officer, director, or trustee.
(A)
Name and title 		(B)
Average hours per week (list any hours for related organizations below dotted line) 		(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/1099-NEC) 		(E)
Reportable compensation from related organizations (W-2/1099-MISC/1099-NEC) 		(F)
Estimated amount of other compensation from the organization and related organizations
Individual Trustee or Director; Institutional Trustee; OfficerInd; Key Employee; Highest compensated employee; FormerOfcrDirectorTrusteeInd;
(1) Professor Irene Tracey......................................................................
Vice-Chancellor
 40.0
.................
0.0 		X   X       563,591 0 66,058
(2) Professor Patrick Grant......................................................................
Pro Vice Chancellor with portfolio
 40.0
.................
0.0 		X   X       239,141 0 34,435
(3) Dame Helen Ghosh......................................................................
Chair of Conference of Colleges (to Sep 24)
 5.0
.................
0.0 		X           0 0 0
(4) Dr Sir Michael Jacobs......................................................................
Council Member (from Oct 24)
 5.0
.................
0.0 		X           0 0 0
(5) Mr Charles Harman......................................................................
Council Member
 5.0
.................
0.0 		X           0 0 0
(6) Mr Nicholas Kroll......................................................................
Council Member
 5.0
.................
0.0 		X           0 0 0
(7) Mr Tom Fletcher......................................................................
Council Member (to Sep 24)
 5.0
.................
0.0 		X           0 0 0
(8) Ms Sharmila Nebhrajani......................................................................
Council Member
 5.0
.................
0.0 		X           0 0 0
(9) Ms Wendy Becker......................................................................
Council Member
 5.0
.................
0.0 		X           0 0 0
(10) Professor Alex Schekochihin......................................................................
Council Member
 5.0
.................
0.0 		X           0 0 0
(11) Professor Cecile Fabre......................................................................
Council Member
 5.0
.................
0.0 		X           0 0 0
(12) Professor Conall MacNiocaill......................................................................
Junior Proctor (from Mar 24)
 5.0
.................
0.0 		X           0 0 0
(13) Professor Daniel Grimley......................................................................
Head of the Humanities Division
 40.0
.................
0.0 		X           216,367 0 31,363
(14) Professor Diego Sanchez-Ancochea......................................................................
Council Member (to Sep 24)
 5.0
.................
0.0 		X           0 0 0
(15) Professor Frances Platt......................................................................
Council Member (from Oct 24)
 5.0
.................
0.0 		X           0 0 0
(16) Professor Gavin Screaton......................................................................
Head of the Medical Sciences Division
 40.0
.................
0.0 		X           435,423 0 52,466
(17) Professor Geraldine Johnson......................................................................
Council Member (from Oct 24)
 5.0
.................
0.0 		X           0 0 0
Form 990 (2024)
Form 990 (2024)
Page 8
Part VII
Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees (continued)
(A)
Name and title 		(B)
Average hours per week (list any hours for related organizations below dotted line) 		(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/1099-NEC) 		(E)
Reportable compensation from related organizations (W-2/1099-MISC/1099-NEC) 		(F)
Estimated amount of other compensation from the organization and related organizations
Individual Trustee or Director; Institutional Trustee; OfficerInd; Key Employee; Highest compensated employee; FormerOfcrDirectorTrusteeInd;
(18) Professor James Naismith........................................................................
Head of MPLS
 40.0
.......................0.0 		X           276,924 0 33,175
(19) Professor Krina Zondervan........................................................................
Council Member
 5.0
.......................0.0 		X           0 0 0
(20) Professor Nandini Das........................................................................
Council Member (from Oct 24)
 5.0
.......................0.0 		X           0 0 0
(21) Professor Nandini Gooptu........................................................................
Council Member
 5.0
.......................0.0 		X           0 0 0
(22) Professor Patricia Daley........................................................................
Council Member
 5.0
.......................0.0 		X           0 0 0
(23) Professor Proochista Ariana........................................................................
Council Member
 5.0
.......................0.0 		X           0 0 0
(24) Professor Raphael Hauser........................................................................
Assessor (from Mar 24)
 5.0
.......................0.0 		X           0 0 0
(25) Professor Richard Hobbs........................................................................
Council Member (to Sep 24)
 5.0
.......................0.0 		X           0 0 0
(26) Professor Sam Wolfe........................................................................
Council Member
 5.0
.......................0.0 		X           0 0 0
(27) Professor Sir Charles Godfray........................................................................
Council Member
 5.0
.......................0.0 		X           0 0 0
(28) Professor Sir Rory Collins........................................................................
Council Member (to Sep 24)
 5.0
.......................0.0 		X           0 0 0
(29) Professor Thomas Adcock........................................................................
Senior Proctor (from Mar 24)
 5.0
.......................0.0 		X           0 0 0
(30) Professor Timothy Power........................................................................
Head of the Social Sciences Division
 40.0
.......................0.0 		X           233,393 0 34,027
(31) Sir Chris Deverell........................................................................
Council Member
 5.0
.......................0.0 		X           0 0 0
(32) The Rt Hon Sir Ernest Ryder........................................................................
Chair of Conference of Colleges (from Oct 24)
 5.0
.......................0.0 		X           0 0 0
(33) Dr David Prout........................................................................
Pro Vice Chancellor with portfolio
 40.0
.......................0.0 		    X       326,568 0 39,188
(34) Mr Richard Ovenden........................................................................
Bodley's Librarian & Head of GLAM
 40.0
.......................0.0 		    X       256,824 0 26,986
(35) Mr Simon Boddie........................................................................
Chief Financial Officer
 40.0
.......................0.0 		    X       362,853 0 43,542
(36) Ms Gill Aitken........................................................................
Registrar
 40.0
.......................0.0 		    X       330,159 0 39,619
(37) Professor Anne Trefethen........................................................................
Pro Vice Chancellor with portfolio
 40.0
.......................0.0 		    X       246,740 0 35,777
(38) Professor Chas Bountra........................................................................
Pro Vice Chancellor with portfolio
 40.0
.......................0.0 		    X       266,897 0 28,063
(39) Professor David Gann........................................................................
Pro Vice Chancellor with portfolio
 40.0
.......................0.0 		    X       276,005 0 14,323
(40) Professor Martin Williams........................................................................
Pro Vice Chancellor with portfolio
 40.0
.......................0.0 		    X       239,483 0 28,762
(41) Mr Charles Scobie........................................................................
Group Finance Director, OUP
 40.0
.......................0.0 		      X     475,196 0 47,231
(42) Mr Nigel Portwood........................................................................
Chief Executive of Oxford University Press
 40.0
.......................0.0 		      X     1,486,174 0 0
(43) Mr David Clark........................................................................
OUP - Managing Director - Academic
 40.0
.......................0.0 		        X   850,147 0 8,854
(44) Ms Fathima Dada........................................................................
OUP - Managing Director - Education
 40.0
.......................0.0 		        X   885,375 0 8,854
(45) Professor Ludovic Philippou........................................................................
Professor of Financial Economics, SBS
 40.0
.......................0.0 		        X   551,606 0 46,561
(46) Professor Soumitra Dutta........................................................................
Dean and Professor of Management, SBS
 40.0
.......................0.0 		        X   598,060 0 69,725
(47) Professor Sue Dopson........................................................................
Deputy Dean, SBS
 40.0
.......................0.0 		        X   651,478 0 35,439
1b Sub-Total..............
c Total from continuation sheets to Part VII, Section A..
d Total (add lines 1b and 1c)......... 9,768,404 0 724,448
2
Total number of individuals (including but not limited to those listed above) who received more than $100,000 of reportable compensation from the organization 2,614
Yes
No
3
Did the organization list any former officer, director or trustee, key employee, or highest compensated employee on line 1a? If "Yes," complete Schedule J for such individual ..............
3
 
No
4
For any individual listed on line 1a, is the sum of reportable compensation and other compensation from the organization and related organizations greater than $150,000? If "Yes," complete Schedule J for such
individual...........................
4
Yes
 
5
Did any person listed on line 1a receive or accrue compensation from any unrelated organization or individual for services rendered to the organization? If "Yes," complete Schedule J for such person ........
5
 
No
Section B. Independent Contractors
1
Complete this table for your five highest compensated independent contractors that received more than $100,000 of compensation from the organization. Report compensation for the calendar year ending with or within the organization’s tax year.
(A)
Name and business address 		(B)
Description of services 		(C)
Compensation
2
Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization 0
Form 990 (2024)
Form 990 (2024)
Page 9
Part VIII
Statement of Revenue
Check if Schedule O contains a response or note to any line in this Part VIII.............
(A)
Total revenue 		(B)
Related or
exempt
function
revenue 		(C)
Unrelated
business
revenue 		(D)
Revenue
excluded from
tax under sections
512 - 514
Contributions, Gifts, Grants, and OtherAmt Similar Amounts 1a Federated campaigns..1a 0
b Membership dues..1b 0
c Fundraising events..1c 0
d Related organizations1d 65,381,275
e Government grants (contributions)1e 802,781,692
f All other contributions, gifts, grants, and similar amounts not included above1f 216,658,230
g Noncash contributions included in lines 1a - 1f:$ 1g 4,973,950
h Total. Add lines 1a-1f....... 1,084,821,197
Program Service RevenueAmt Business Code
2a Education 611310 783,914,138 783,914,138 0 0
b Research 541700 580,614,208 580,614,208 0 0
c Publishing 513100 768,871,737 765,892,389 2,979,348  
d Sales and Services 611400 25,861,182 25,861,182 0 0
e Other Project Income 541700 17,123,351 17,123,351 0 0
f All other program service revenue. 111,855,536 111,855,536 0 0
g Total. Add lines 2a–2f ..... 2,288,240,152
OtherAmtRevenueAmt 3 Investment income (including dividends, interest, and othersimilar amounts) ...... 255,852,598 0 5,483,448 250,369,150
4 Income from investment of tax-exempt bond proceeds 0 0 0 0
5 Royalties........... 88,843,902 0 0 88,843,902
(i) Real (ii) Personal
6a Gross rents 6a 33,685,634 0
b Less: rental expenses 6b 0 0
c Rental income or (loss) 6c 33,685,634 0
d Net rental income or (loss)....... 33,685,634 0   33,685,634
(i) Securities (ii) Other
7a Gross amount from sales of assets other than inventory 7a 41,931 0
b Less: cost or other basis and sales expenses 7b 0 0
c Gain or (loss) 7c 41,931 0
d Net gain or (loss)......... 41,931 0 0 41,931
8a Gross income from fundraising events (not including $ 0of contributions reported on line 1c). See Part IV, line 18 ....
8a 0
b Less: direct expenses ... 8b 0
c Net income or (loss) from fundraising events.. 0 0 0
9a Gross income from gaming activities.
See Part IV, line 19 ...
9a 0
b Less: direct expenses ... 9b 0
c Net income or (loss) from gaming activities.. 0 0 0 0
10a Gross sales of inventory, less
returns and allowances ..
10a 0
b Less: cost of goods sold .. 10b 0
c Net income or (loss) from sales of inventory.. 0 0   0
OtherRevenueMiscAmt
Business Code
11a Exchange Reserve 900099 5,748,597 5,748,597    
b            
c            
d All other revenue .... 0 0 0 0
e Total. Add lines 11a–11d ...... 5,748,597
12 Total revenue. See instructions..... 3,757,234,011 2,291,009,401 8,462,796 372,940,617
Form 990 (2024)
Form 990 (2024)
Page 10
Part IX
Statement of Functional Expenses
Section 501(c)(3) and 501(c)(4) organizations must complete all columns. All other organizations must complete column (A).Check if Schedule O contains a response or note to any line in this Part IX..............
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 domestic organizations and domestic governments. See Part IV, line 21 .... 0 0
2 Grants and other assistance to domestic individuals. See Part IV, line 22 ........... 0 0
3 Grants and other assistance to foreign organizations, foreign governments, and foreign individuals. See Part IV, lines 15 and 16. ............. 200,715,330 200,715,330
4 Benefits paid to or for members ....... 0 0
5 Compensation of current officers, directors, trustees, and key employees ........... 6,786,753 2,791,875 3,994,878 0
6 Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) ......... 0 0 0 0
7 Other salaries and wages........ 1,692,147,266 1,630,501,272 47,024,725 14,621,269
8 Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) .... 161,768,624 154,343,892 5,769,468 1,655,264
9 Other employee benefits ....... 0 0 0 0
10 Payroll taxes ........... 146,881,124 140,139,688 5,238,506 1,502,930
11 Fees for services (non-employees):        
a Management ...... 0 0 0 0
b Legal ......... 11,469,560 7,430,669 3,841,642 197,249
c Accounting ........... 3,325,381 973,872 2,383,868 -32,359
d Lobbying ........... 0 0 0 0
e Professional fundraising services. See Part IV, line 17 0 0
f Investment management fees ...... 0 0 0 0
g Other (If line 11g amount exceeds 10% of line 25, column (A) amount, list line 11g expenses on Schedule O) 123,103,035 110,180,970 10,359,363 2,562,702
12 Advertising and promotion .... 7,609,599 7,116,247 87,737 405,615
13 Office expenses ....... 228,542,696 227,684,984 719,254 138,458
14 Information technology ...... 118,273,298 113,748,203 3,678,958 846,137
15 Royalties .. -2,151,745 -2,141,025 -2,546 -8,174
16 Occupancy ........... 114,663,076 113,720,328 -2,868,934 3,811,682
17 Travel ............ 47,602,987 46,466,257 655,353 481,377
18 Payments of travel or entertainment expenses for any federal, state, or local public officials . 0 0 0 0
19 Conferences, conventions, and meetings .... 34,262,754 32,120,986 1,706,032 435,736
20 Interest ........... 48,375,795 48,375,795 0 0
21 Payments to affiliates ....... 204,234,247 204,116,569 117,678 0
22 Depreciation, depletion, and amortization .. 166,821,245 165,614,476 891,901 314,868
23 Insurance ... 11,479,328 11,305,163 12,731 161,434
24 Other expenses. Itemize expenses not covered above (List miscellaneous expenses in line 24e. If line 24e amount exceeds 10% of line 25, column (A) amount, list line 24e expenses on Schedule O.)
a Printing and Publications 507,064,347 506,929,779 120,915 13,653
b Staff Training 18,321,909 17,476,418 385,298 460,193
c Dues and Subscriptions 4,109,862 2,798,140 1,027,873 283,849
d Commissions 1,747,795 1,622,912 42,586 82,297
e All other expenses 4,024,055 3,981,733 42,322 0
25 Total functional expenses. Add lines 1 through 24e 3,861,178,321 3,748,014,533 85,229,608 27,934,180
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).        
Form 990 (2024)
Form 990 (2024)
Page 11
Part X
Balance Sheet
Check if Schedule O contains a response or note to any line in this Part IX..............
(A)
Beginning of year 		(B)
End of year
Assets 1 Cash–non-interest-bearing ........ 0 1 0
2 Savings and temporary cash investments ......... 859,063,874 2 999,132,464
3 Pledges and grants receivable, net ...... 371,300,011 3 394,334,904
4 Accounts receivable, net ............. 389,676,348 4 339,366,054
5 Loans and other receivables from any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .......
0 5 0
6 Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), and persons described in section 4958(c)(3)(B) ...
0 6 0
7 Notes and loans receivable, net ........... 0 7 0
8 Inventories for sale or use ............ 96,284,142 8 85,006,947
9 Prepaid expenses and deferred charges ...... 114,373,024 9 179,642,071
10a Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D 10a 3,650,442,656
b Less: accumulated depreciation 10b 1,462,047,930 2,153,569,023 10c 2,188,394,726
11 Investments—publicly traded securities . 788,941,601 11 874,003,695
12 Investments—other securities. See Part IV, line 11 ..... 5,663,991,695 12 6,260,550,725
13 Investments—program-related. See Part IV, line 11 .. 130,715,252 13 37,160,299
14 Intangible assets ............... 159,276,986 14 148,380,079
15 Other assets. See Part IV, line 11 ........... 529,248,961 15 890,008,042
16 Total assets. Add lines 1 through 15 (must equal line 33)... 11,256,440,917 16 12,395,980,006
Liabilities 17 Accounts payable and accrued expenses ..... 344,082,586 17 483,100,735
18 Grants payable ... 557,575,685 18 549,988,886
19 Deferred revenue ......... 591,481,438 19 639,319,987
20 Tax-exempt bond liabilities ......... 0 20 0
21 Escrow or custodial account liability. Complete Part IV of Schedule D 0 21 0
22 Loans and other payables to any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .........
0 22 0
23 Secured mortgages and notes payable to unrelated third parties .. 0 23 0
24 Unsecured notes and loans payable to unrelated third parties .. 1,622,941,024 24 1,644,125,818
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 113,053,890 25 170,732,461
26 Total liabilities. Add lines 17 through 25.. 3,229,134,623 26 3,487,267,887
Net Assets or Fund Balance Organizations that follow FASB ASC 958, check here and complete lines 27, 28, 32, and 33.
27 Net assets without donor restrictions ..........   27  
28 Net assets with donor restrictions ...........   28  
Organizations that do not follow FASB ASC 958, check here right arrow and complete lines 29 through 33.
29 Capital stock or trust principal, or current funds ..... 0 29 0
30 Paid-in or capital surplus, or land, building or equipment fund ... 0 30 0
31 Retained earnings, endowment, accumulated income, or other funds 8,027,306,294 31 8,908,712,119
32 Total net assets or fund balances ........... 8,027,306,294 32 8,908,712,119
33 Total liabilities and net assets/fund balances ........ 11,256,440,917 33 12,395,980,006
Form 990 (2024)
Form 990 (2024)
Page 12
Part XI
Reconcilliation of Net Assets
Check if Schedule O contains a response or note to any line in this Part XI..............
1
Total revenue (must equal Part VIII, column (A), line 12) ............
1
3,757,234,011
2
Total expenses (must equal Part IX, column (A), line 25) ............
2
3,861,178,321
3
Revenue less expenses. Subtract line 2 from line 1 ..............
3
-103,944,310
4
Net assets or fund balances at beginning of year (must equal Part X, line 32, column (A)) ..
4
8,027,306,294
5
Net unrealized gains (losses) on investments ...............
5
433,056,819
6
Donated services and use of facilities .................
6
0
7
Investment expenses .....................
7
0
8
Prior period adjustments .....................
8
0
9
Other changes in net assets or fund balances (explain in Schedule O) ........
9
282,293,316
10
Net assets or fund balances at end of year. Combine lines 3 through 9 (must equal Part X, line 32, column (B))
10
8,908,712,119
Part XII
Financial Statements and Reporting
Check if Schedule O contains a response or note to any line in this Part XII.............
Yes
No
1
Accounting method used to prepare the Form 990:  
If the organization changed its method of accounting from a prior year or checked "Other," explain on
Schedule O.
2a
Were the organization’s financial statements compiled or reviewed by an independent accountant?
2a
 
No
If ‘Yes,’ check a box below to indicate whether the financial statements for the year were compiled or reviewed on a separate basis, consolidated basis, or both:
b
Were the organization’s financial statements audited by an independent accountant?
2b
Yes
 
If ‘Yes,’ check a box below to indicate whether the financial statements for the year were audited on a separate basis, consolidated basis, or both:
c
If "Yes," to line 2a or 2b, does the organization have a committee that assumes responsibility for oversight of the audit, review, or compilation of its financial statements and selection of an independent accountant?
2c
Yes
 
If the organization changed either its oversight process or selection process during the tax year, explain in Schedule O.
3a
As a result of a federal award, was the organization required to undergo an audit or audits as set forth in the Uniform Guidance, 2 C.F.R. Part 200, Subpart F?
3a
 
No
b
If "Yes," did the organization undergo the required audit or audits? If the organization did not undergo the required audit or audits, explain why in Schedule O and describe any steps taken to undergo such audits.
3b
 
 
Form 990 (2024)
Form 990 (2024)
Additional Data


Software ID: 24020961
Software Version: 2024v5.1
Form 990, Special Condition Description:
Special Condition Description
SCHEDULE A
(Form 990)

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.
right arrow Attach to Form 990 or Form 990-EZ.
right arrow Go to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
2024
Open to Public
Inspection
Name of the organization
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 12, check only one box.)
1
2
3
4
5
6
7
8
9
10
11
12
a
b
c
d
e
f
Enter the number of supported organizations ...............................  
g
Provide the following information about the supported organization(s).
(i) Name of supported organization (ii) EIN (iii) Type of organization (described on lines 1- 10 above (see instructions)) (iv) Is the organization listed in your governing document? (v) Amount of monetary support (see instructions) (vi) Amount of other support (see instructions)
Yes No
Total
 
   
For Paperwork Reduction Act Notice, see the Instructions for
Form 990 or 990-EZ.
Cat. No. 11285F
Schedule A (Form 990) 2024

Schedule A (Form 990) 2024
Page 2
Part II
Support Schedule for Organizations Described in Sections 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 failed to qualify under the tests listed below, please complete Part III.)
Section A. Public Support
Calendar year (or fiscal year beginning in) right arrow (a) 2020 (b) 2021 (c) 2022 (d) 2023 (e) 2024 (f) Total
1 Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grant.") .. 1,025,256,100 968,226,929 1,137,565,464 1,143,957,854 1,084,821,197 5,359,827,544
2 Tax revenues levied for the organization's benefit and either paid to or expended on its behalf ....           0
3 The value of services or facilities furnished by a governmental unit to the organization without charge..           0
4 Total. Add lines 1 through 3 1,025,256,100 968,226,929 1,137,565,464 1,143,957,854 1,084,821,197 5,359,827,544
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) .. 0
6 Public support. Subtract line 5 from line 4. 5,359,827,544
Section B. Total Support
Calendar year (or fiscal year beginning in) right arrow (a) 2020 (b) 2021 (c) 2022 (d) 2023 (e) 2024 (f) Total
7 Amounts from line 4.. 1,025,256,100 968,226,929 1,137,565,464 1,143,957,854 1,084,821,197 5,359,827,544
8 Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources... 239,290,323 375,782,929 343,138,152 368,754,129 372,898,686 1,699,864,219
9 Net income from unrelated business activities, whether or not the business is regularly carried on.. 371,437 810,886 442,013 196,818 4,158,625 5,979,779
10 Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.).. 0 8,781,260 0 3,731,683 5,748,597 18,261,540
11 Total support. Add lines 7 through 10 7,083,933,082
12
12
10,656,075,686
13
First 5 years. If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a section 501(c)(3) organization, check this box and stop here ........................................right arrow
Section C. Computation of Public Support Percentage
14
14
75.662 %
15
15
77.213 %
16a
33 1/3% support test—2024. 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
b
33 1/3% support test—2023. If the organization did not check a 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—2024. 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 VI how the organization meets the "facts-and-circumstances" test. The organization qualifies as a publicly supported organization ............ right arrow
b
10%-facts-and-circumstances test—2023. 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 VI how the organization meets the "facts-and-circumstances" test. The organization qualifies as a publicly supported organization ............ right arrow
18
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) 2024

Schedule A (Form 990) 2024
Page 3
Part III
Support Schedule for Organizations Described in Section 509(a)(2)
(Complete only if you checked the box on line 10 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) right arrow (a) 2020 (b) 2021 (c) 2022 (d) 2023 (e) 2024 (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) right arrow (a) 2020 (b) 2021 (c) 2022 (d) 2023 (e) 2024 (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 on 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 VI.) ..            
13 Total support. (Add lines 9, 10c, 11, and 12.)..            
14
First 5 years. If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a section 501(c)(3) organization, check this box and stop here................................................. right arrow
Section C. Computation of Public Support Percentage
15
15
 
16
16
 
Section D. Computation of Investment Income Percentage
17
17
 
18
18
 
19a
33 1/3% support tests-2024. 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
b
33 1/3 % support tests—2023. 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
20
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) 2024

Schedule A (Form 990) 2024
Page 4
Part IV
Supporting Organizations
(Complete only if you checked a box on line 12 of Part I. If you checked box 12a, of Part I, complete Sections A and B. If you checked box 12b, of Part I, complete Sections A and C. If you checked box 12c, of Part I, complete Sections A, D, and E. If you checked box12d, of Part I, complete Sections A and D, and complete Part V.)
Section A. All Supporting Organizations
Yes
No
1
Are all of the organization’s supported organizations listed by name in the organization’s governing documents?
If "No," describe in Part VI how the supported organizations are designated. If designated by class or purpose,
describe the designation. If historic and continuing relationship, explain.
1
 
 
2
Did the organization have any supported organization that does not have an IRS determination of status under section 509(a)(1) or (2)? If "Yes," explain in Part VI how the organization determined that the supported organization was described in section 509(a)(1) or (2).
2
 
 
3a
Did the organization have a supported organization described in section 501(c)(4), (5), or (6)? If "Yes," answer lines 3b and 3c below.
3a
 
 
b
Did the organization confirm that each supported organization qualified under section 501(c)(4), (5), or (6) and satisfied the public support tests under section 509(a)(2)? If "Yes," describe in Part VI when and how the organization made the determination.
3b
 
 
c
Did the organization ensure that all support to such organizations was used exclusively for section 170(c)(2)(B) purposes? If "Yes," explain in Part VI what controls the organization put in place to ensure such use.
3c
 
 
4a
Was any supported organization not organized in the United States ("foreign supported organization")? If “Yes” and if you checked box 12a or 12b in Part I, answer lines 4b and 4c below.
4a
 
 
b
Did the organization have ultimate control and discretion in deciding whether to make grants to the foreign supported organization? If “Yes,” describe in Part VI how the organization had such control and discretion despite being controlled or supervised by or in connection with its supported organizations.
4b
 
 
c
Did the organization support any foreign supported organization that does not have an IRS determination under sections 501(c)(3) and 509(a)(1) or (2)? If “Yes,” explain in Part VI what controls the organization used to ensure that all support to the foreign supported organization was used exclusively for section 170(c)(2)(B) purposes.
4c
 
 
5a
Did the organization add, substitute, or remove any supported organizations during the tax year? If “Yes,” answer lines 5b and 5c below (if applicable). Also, provide detail in Part VI, including (i) the names and EIN numbers of the supported organizations added, substituted, or removed; (ii) the reasons for each such action; (iii) the authority under the organization's organizing document authorizing such action; and (iv) how the action was accomplished (such as by amendment to the organizing document).
5a
 
 
b
Type I or Type II only. Was any added or substituted supported organization part of a class already designated in the organization's organizing document?
5b
 
 
c
Substitutions only. Was the substitution the result of an event beyond the organization's control?
5c
 
 
6
Did the organization provide support (whether in the form of grants or the provision of services or facilities) to anyone other than (i) its supported organizations, (ii) individuals that are part of the charitable class benefited by one or more of its supported organizations, or (iii) other supporting organizations that also support or benefit one or more of the filing organization’s supported organizations? If “Yes,” provide detail in Part VI.
6
 
 
7
Did the organization provide a grant, loan, compensation, or other similar payment to a substantial contributor (defined in section 4958(c)(3)(C)), a family member of a substantial contributor, or a 35% controlled entity with regard to a substantial contributor? If “Yes,” complete Part I of Schedule L (Form 990) .
7
 
 
8
Did the organization make a loan to a disqualified person (as defined in section 4958) not described on line 7? If “Yes,” complete Part I of Schedule L (Form 990).
8
 
 
9a
Was the organization controlled directly or indirectly at any time during the tax year by one or more disqualified persons, as defined in section 4946 (other than foundation managers and organizations described in section 509(a)(1) or (2))? If “Yes,” provide detail in Part VI.
9a
 
 
b
Did one or more disqualified persons (as defined on line 9a) hold a controlling interest in any entity in which the supporting organization had an interest? If “Yes,” provide detail in Part VI.
9b
 
 
c
Did a disqualified person (as defined on line 9a) have an ownership interest in, or derive any personal benefit from, assets in which the supporting organization also had an interest? If “Yes,” provide detail in Part VI.
9c
 
 
10a
Was the organization subject to the excess business holdings rules of section 4943 because of section 4943(f) (regarding certain Type II supporting organizations, and all Type III non-functionally integrated supporting organizations)? If “Yes,” answer line 10b below.
10a
 
 
b
Did the organization have any excess business holdings in the tax year? (Use Schedule C, Form 4720, to determine whether the organization had excess business holdings).
10b
 
 
Schedule A (Form 990) 2024

Schedule A (Form 990) 2024
Page 5
Part IV
Supporting Organizations (continued)
Yes
No
11
Has the organization accepted a gift or contribution from any of the following persons?
a
A person who directly or indirectly controls, either alone or together with persons described on lines 11b and 11c below, the governing body of a supported organization?
11a
 
 
b
A family member of a person described on 11a above?
11b
 
 
c
A 35% controlled entity of a person described on line 11a or 11b above? If “Yes” to 11a, 11b, or 11c, provide detail in Part VI.
11c
 
 
Section B. Type I Supporting Organizations
Yes
No
1
Did the officers, directors, trustees, or membership of one or more supported organizations have the power to regularly appoint or elect at least a majority of the organization’s directors or trustees at all times during the tax year? If “No,” describe in Part VI how the supported organization(s) effectively operated, supervised, or controlled the organization’s activities. If the organization had more than one supported organization, describe how the powers to appoint and/or remove directors or trustees were allocated among the supported organizations and what conditions or restrictions, if any, applied to such powers during the tax year.
1
 
 
2
Did the organization operate for the benefit of any supported organization other than the supported organization(s) that operated, supervised, or controlled the supporting organization? If “Yes,” explain in Part VI how providing such benefit carried out the purposes of the supported organization(s) that operated, supervised or controlled the supporting organization.
2
 
 
Section C. Type II Supporting Organizations
Yes
No
1
Were a majority of the organization’s directors or trustees during the tax year also a majority of the directors or trustees of each of the organization’s supported organization(s)? If “No,” describe in Part VI how control or management of the supporting organization was vested in the same persons that controlled or managed the supported organization(s).
1
 
 
Section D. All Type III Supporting Organizations
Yes
No
1
Did the organization provide to each of its supported organizations, by the last day of the fifth month of the organization’s tax year, (i) a written notice describing the type and amount of support provided during the prior tax year, (ii) a copy of the Form 990 that was most recently filed as of the date of notification, and (iii) copies of the organization’s governing documents in effect on the date of notification, to the extent not previously provided?
1
 
 
2
Were any of the organization’s officers, directors, or trustees either (i) appointed or elected by the supported organization(s) or (ii) serving on the governing body of a supported organization? If "No," explain in Part VI how the organization maintained a close and continuous working relationship with the supported organization(s).
2
 
 
3
By reason of the relationship described in line 2 above, did the organization’s supported organizations have a significant voice in the organization’s investment policies and in directing the use of the organization’s income or assets at all times during the tax year? If "Yes," describe in Part VI the role the organization’s supported organizations played in this regard.
3
 
 
Section E. Type III Functionally-Integrated Supporting Organizations
1
Check the box next to the method that the organization used to satisfy the Integral Part Test during the year (see instructions):
a
b
c
2
Activities Test. Answer lines 2a and 2b below.
Yes
No
a
Did substantially all of the organization’s activities during the tax year directly further the exempt purposes of the supported organization(s) to which the organization was responsive? If "Yes," then in Part VI identify those supported organizations and explain how these activities directly furthered their exempt purposes, how the organization was responsive to those supported organizations, and how the organization determined that these activities constituted substantially all of its activities.
2a
 
 
b
Did the activities described on line 2a, above constitute activities that, but for the organization’s involvement, one or more of the organization’s supported organization(s) would have been engaged in? If "Yes," explain in Part VI the reasons for the organization’s position that its supported organization(s) would have engaged in these activities but for the organization’s involvement.
2b
 
 
3
Parent of Supported Organizations. Answer lines 3a and 3b below.
a
Did the organization have the power to regularly appoint or elect a majority of the officers, directors, or trustees of each of the supported organizations?If "Yes" or "No", provide details in Part VI.
3a
 
 
b
Did the organization exercise a substantial degree of direction over the policies, programs and activities of each of its supported organizations? If "Yes," describe in Part VI. the role played by the organization in this regard.
3b
 
 
Schedule A (Form 990) 2024

Schedule A (Form 990) 2024
Page 6
Part V
Type III Non-Functionally Integrated 509(a)(3) Supporting Organizations
1
Section A - Adjusted Net Income (A) Prior Year (B) Current Year
(optional)
1 Net short-term capital gain 1    
2 Recoveries of prior-year distributions 2    
3 Other gross income (see instructions) 3    
4 Add lines 1 through 3 4    
5 Depreciation and depletion 5    
6 Portion of operating expenses paid or incurred for production or collection of gross income or for management, conservation, or maintenance of property held for production of income (see instructions) 6    
7 Other expenses (see instructions) 7    
8 Adjusted Net Income (subtract lines 5, 6 and 7 from line 4) 8    
Section B - Minimum Asset Amount (A) Prior Year (B) Current Year
(optional)
1 Aggregate fair market value of all non-exempt-use assets (see instructions for short tax year or assets held for part of year): 1
a Average monthly value of securities 1a    
b Average monthly cash balances 1b    
c Fair market value of other non-exempt-use assets 1c    
d Total (add lines 1a, 1b, and 1c) 1d    
e Discount claimed for blockage or other factors
(explain in detail in Part VI):  
2 Acquisition indebtedness applicable to non-exempt use assets 2    
3 Subtract line 2 from line 1d 3    
4 Cash deemed held for exempt use. Enter 0.015 of line 3 (for greater amount, see instructions). 4    
5 Net value of non-exempt-use assets (subtract line 4 from line 3) 5    
6 Multiply line 5 by 0.035 6    
7 Recoveries of prior-year distributions 7    
8 Minimum Asset Amount (add line 7 to line 6) 8    
Section C - Distributable Amount Current Year
1 Adjusted net income for prior year (from Section A, line 8, Column A) 1  
2 Enter 85% of line 1 2  
3 Minimum asset amount for prior year (from Section B, line 8, Column A) 3  
4 Enter greater of line 2 or line 3 4  
5 Income tax imposed in prior year 5  
6 Distributable Amount. Subtract line 5 from line 4, unless subject to emergency temporary reduction (see instructions) 6  
7
Schedule A (Form 990) 2024

Schedule A (Form 990) 2024
Page 7
Part V
Type III Non-Functionally Integrated 509(a)(3) Supporting Organizations(continued)
Section D - Distributions Current Year
1 Amounts paid to supported organizations to accomplish exempt purposes 1  
2 Amounts paid to perform activity that directly furthers exempt purposes of supported organizations, in
excess of income from activity 		2  
3 Administrative expenses paid to accomplish exempt purposes of supported organizations 3  
4 Amounts paid to acquire exempt-use assets 4  
5 Qualified set-aside amounts (prior IRS approval required - provide details in Part VI) 5  
6 Other distributions (describe in Part VI). See instructions 6  
7Total annual distributions. Add lines 1 through 6. 7  
8 Distributions to attentive supported organizations to which the organization is responsive (provide
details in Part VI). See instructions 		8  
9 Distributable amount for 2024 from Section C, line 6 9  
10 Line 8 amount divided by Line 9 amount 10  
Section E - Distribution Allocations (see instructions) (i)
Excess Distributions 		(ii)
Underdistributions
Pre-2024 		(iii)
Distributable
Amount for 2024
1 Distributable amount for 2024 from Section C, line 6  
2 Underdistributions, if any, for years prior to 2024 (reasonable cause required-- explain in Part VI).
See instructions.		  
3 Excess distributions carryover, if any, to 2024:
a From 2019.......  
b From 2020.......  
c From 2021.......  
d From 2022.......  
e From 2023.......  
fTotal of lines 3a through e  
g Applied to underdistributions of prior years  
h Applied to 2024 distributable amount  
i Carryover from 2019 not applied (see
instructions) 		 
j Remainder. Subtract lines 3g, 3h, and 3i from line 3f.  
4Distributions for 2024 from Section D, line 7:
$  
a Applied to underdistributions of prior years  
b Applied to 2024 distributable amount  
c Remainder. Subtract lines 4a and 4b from line 4.  
5 Remaining underdistributions for years prior to
2024, if any. Subtract lines 3g and 4a from line 2.
If the amount is greater than zero, explain in Part VI.
See instructions. 		 
6 Remaining underdistributions for 2024. Subtract
lines 3h and 4b from line 1. If the amount is greater
than zero, explain in Part VI. See instructions. 		 
7 Excess distributions carryover to 2025. Add lines
3j and 4c. 		 
8 Breakdown of line 7:
a Excess from 2020.....  
b Excess from 2021.....  
c Excess from 2022.....  
d Excess from 2023.....  
e Excess from 2024.....  
Schedule A (Form 990) (2024)

Schedule A (Form 990) 2024
Page 8
Part VI
Supplemental Information. Provide the explanations required by Part II, line 10; Part II, line 17a or 17b; Part III, line 12; Part IV, Section A, lines 1, 2, 3b, 3c, 4b, 4c, 5a, 6, 9a, 9b, 9c, 11a, 11b, and 11c; Part IV, Section B, lines 1 and 2; Part IV, Section C, line 1; Part IV, Section D, lines 2 and 3; Part IV, Section E, lines 1c, 2a, 2b, 3a and 3b; Part V, line 1; Part V, Section B, line 1e; Part V Section D, lines 5, 6, and 8; and Part V, Section E, lines 2, 5, and 6. Also complete this part for any additional information. (See instructions).
Facts And Circumstances Test
 
Return Reference Explanation
Schedule A, Part II, Line 10 Other Income DESCRIPTION - OTHER INCOME COMPRISES MOVEMENT IN EXCHANGE AND REVALUATION RESERVES, COLUMN A - , COLUMN B - 8781260.0, COLUMN C - , COLUMN D - 3731683.0, COLUMN E - 5748597.0, COLUMN F - 18261540.0;
Schedule A (Form 990) 2024


Additional Data


Software ID: 24020961
Software Version: 2024v5.1
Schedule B
(Form 990)
(Rev. January 2025)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

right arrow Attach to Form 990, 990-EZ, or 990-PF.
right arrow Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
Name of the organization
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, contributions totaling $5,000 or more (in money or other property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.
Special Rules
For an organization described in section 501(c)(3) 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), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions 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 an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions exclusively for religious, charitable, etc., purposes, but no such contributions totaled 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. Don't complete any of the parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc., contributions totaling $5,000 or more during the year ......... Right Arrow $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't 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 its Form 990PF, Part I, line 2, to certify that it doesn't 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) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025) Page 2
Name of organization
CHANCELLOR MASTERS & SCHOLARS OF THE UNIVERSITY OF OXFORD
  		Employer identification number
98-6001062
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


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 3
Name of organization
CHANCELLOR MASTERS & SCHOLARS OF THE UNIVERSITY OF OXFORD
  		Employer identification number

98-6001062
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) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 4
Name of organization
CHANCELLOR MASTERS & SCHOLARS OF THE UNIVERSITY OF OXFORD
  		Employer identification number

98-6001062
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c) (7), (8), or (10) that total more than $1,000 for the year from any one contributor. 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.) $  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use 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 (c) Use 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 (c) Use 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 (c) Use 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) (Rev. 1-2025)
Additional Data


Software ID: 24020961
Software Version: 2024v5.1
SCHEDULE D
(Form 990)

Department of the Treasury
Internal Revenue Service
Supplemental Financial Statements
right arrow Complete if the organization answered "Yes," on Form 990,
Part IV, line 6, 7, 8, 9, 10, 11a, 11b, 11c, 11d, 11e, 11f, 12a, or 12b.
right arrow Attach to Form 990.
right arrow Go to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
Open to Public Inspection
Name of the organization
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" on Form 990, Part IV, line 6.
(a) Donor advised funds (b) Funds and other accounts
1 Total number at end of year .........    
2 Aggregate value of contributions to (during year)    
3 Aggregate value of grants from (during year)    
4 Aggregate value at end of year ........    
5
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? ............
6
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? ...................................
Part II
Conservation Easements.
Complete if the organization answered "Yes" on Form 990, Part IV, line 7.
1
Purpose(s) of conservation easements held by the organization (check all that apply).
2
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.
Held at the End of the 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 July 25, 2006, and not on a historic structure listed in the National Register ... 2d  
3
Number of conservation easements modified, transferred, released, extinguished, or terminated by the organization during the
tax year right arrow  
4
Number of states where property subject to conservation easement is located right arrow  
5
Does the organization have a written policy regarding the periodic monitoring, inspection, handling of violations, and enforcement of the conservation easements it holds? ............
6
Staff and volunteer hours devoted to monitoring, inspecting, handling of violations, and enforcing conservation easements during the year
right arrow  
7
Amount of expenses incurred in monitoring, inspecting, handling of violations, and enforcing conservation easements during the year
right arrow $  
8
Does each conservation easement reported on line 2(d) above satisfy the requirements of section 170(h)(4)(B)(i) and section 170(h)(4)(B)(ii)? .............................
9
In Part XIII, 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" on Form 990, Part IV, line 8.
1a
If the organization elected, as permitted under FASB 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 XIII, the text of the footnote to its financial statements that describes these items.
b
If the organization elected, as permitted under FASB 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)
Revenue included on Form 990, Part VIII, line 1 .........................right arrow $ 4,973,950
(ii)
Assets included in Form 990, Part X ...............................right arrow $ 175,019,699
2
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 FASB ASC 958 relating to these items:
a
Revenue included on Form 990, Part VIII, line 1 ..........................right arrow $  
b
Assets included in Form 990, Part X ...............................right arrow $  
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 52283D
Schedule D (Form 990) (Rev. 1-2025)

Schedule D (Form 990) (Rev. 1-2025)
Page 2
Part III
Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets (continued)
3
Using the organization’s acquisition, accession, and other records, check any of the following that are a significant use of its collection items (check all that apply):
a
d
b
e
 
c
4
Provide a description of the organization’s collections and explain how they further the organization’s exempt purpose in
Part XIII.
5
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?...
Part IV
Escrow and Custodial Arrangements. Complete if the organization answered "Yes" on Form 990, Part IV, line 9, or reported an amount on Form 990, Part X, line 21.
1a
Is the organization an agent, trustee, custodian or other intermediary for contributions or other assets not
included on Form 990, Part X? ....................................
b If "Yes," explain the arrangement in Part XIII and complete the following table: Amount
c Beginning balance ............................. 1c  
d Additions during the year ............................ 1d  
e Distributions during the year .......................... 1e  
f Ending balance ................................ 1f  
2a
Did the organization include an amount on Form 990, Part X, line 21, for escrow or custodial account liability? ...
b
If "Yes," explain the arrangement in Part XIII. Check here if the explanation has been provided in Part XIII ....
Part V
Endowment Funds.
Complete if the organization answered "Yes" on Form 990, Part IV, line 10.
(a) Current year (b) Prior year (c) Two years back (d) Three years back (e) Four years back
1a Beginning of year balance .... 2,352,789,083 2,039,645,032 1,973,474,411 2,137,345,556 1,697,902,141
b Contributions ... 65,881,446 196,335,774 69,133,442 65,631,276 60,211,149
c Net investment earnings, gains, and losses 365,605,731 200,048,679 67,107,113 -171,719,871 436,472,041
d Grants or scholarships ... 38,720,008 33,522,722 28,218,688 23,270,291 23,051,703
e Other expenditures for facilities
and programs ... 		50,820,011 42,419,629 35,707,908 29,446,210 29,169,610
f Administrative expenses .... 7,260,002 7,298,051 6,143,338 5,066,049 5,018,462
g End of year balance ...... 2,687,476,239 2,352,789,083 2,039,645,032 1,973,474,411 2,137,345,556
2
Provide the estimated percentage of the current year end balance (line 1g, column (a)) held as:
a
Board designated or quasi-endowment right arrow0 %
b
Permanent endowment right arrow65.4 %
c
Term endowment right arrow34.6 %
The percentages on lines 2a, 2b, and 2c should equal 100%.
3a
Are there endowment funds not in the possession of the organization that are held and administered for the
organization by:

Yes
No
(i) Unrelated organizations .................
3a(i)
Yes
 
(ii) Related organizations .................
3a(ii)
Yes
 
b
If "Yes" on 3a(ii), are the related organizations listed as required on Schedule R? .........
3b
Yes
 
4
Describe in Part XIII the intended uses of the organization's endowment funds.
Part VI
Land, Buildings, and Equipment.
Complete if the organization answered "Yes" on Form 990, Part IV, line 11a. 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 .....   130,962,469 130,962,469
b Buildings .... 470,919,287 2,734,793,263 1,286,415,147 1,919,297,403
c Leasehold improvements   19,265,187 15,079,008 4,186,179
d Equipment ....   294,502,450 160,553,775 133,948,675
e Other .....        
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).)..right arrow 2,188,394,726
Schedule D (Form 990) (Rev. 1-2025)

Schedule D (Form 990) (Rev. 1-2025)
Page 3
Part VII
Investments - Other Securities.
Complete if the organization answered "Yes" on Form 990, Part IV, line 11b. 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.........    
(2) Closely-held equity interests........    
(3) Other
(A) Closely-held equity interests		    

(B) Financial derivatives		    

(C) Managed Fund		 5,456,794,538 F

(D) Unquoted spinout companies		 196,846,680 F

(E) 3rd Party Managed		 528,801,479 F

(F) Other Securities		 78,108,028 F
(F)
(G)
(H)
Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.)right arrow 6,260,550,725
Part VIII
Investments - Program Related. Complete if the organization answered 'Yes' on Form 990, Part IV, line 11c. See Form 990, Part X, line 13.
(a) Description of investment (b) Book value (c) Method of valuation:
Cost or end-of-year market value
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 13.)right arrow  
Part IX
Other Assets.
Complete if the organization answered 'Yes' on Form 990, Part IV, line 11d. See Form 990, Part X, line 15.
(a) Description (b) Book value
(1)Art and historical collections 175,019,699
(2)Buildings and equipment under construction 521,597,063
(3)Other assets 193,391,280
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 15.)...........right arrow 890,008,042
Part X
Other Liabilities.
Complete if the organization answered 'Yes' on Form 990, Part IV, line 11e or 11f. See Form 990, Part X, line 25.
1.(a) Description of liability (b) Book value
(1) Federal income taxes  
Federal Income Taxes  
Amounts due to subsidiaries 73,217,563
FRS 17 Creditor (pension deficit) 72,660,275
Provision for liabilities and charges 24,854,623





Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)right arrow 170,732,461
2. Liability for uncertain tax positions. In Part XIII, 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 (ASC 740). Check here if the text of the footnote has been provided in Part XIII
Schedule D (Form 990) (Rev. 1-2025)

Schedule D (Form 990) (Rev. 1-2025)
Page 4
Part XI Reconciliation of Revenue per Audited Financial Statements With Revenue per Return. Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
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 (losses) on investments .... 2a  
b Donated services and use of facilities ......... 2b  
c Recoveries of prior year grants ........... 2c  
d Other (Describe in Part XIII.) ........... 2d 0
e Add lines 2a through 2d ..................... 2e 0
3 Subtract line 2e from line 1.................. 3 0
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 XIII.) ........... 4b 0
c Add lines 4a and 4b.................... 4c 0
5 Total revenue. Add lines 3 and 4c. (This must equal Form 990, Part I, line 12.) ...... 5 0
Part XII Reconciliation of Expenses per Audited Financial Statements With Expenses per Return. Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
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 XIII.) ........... 2d 0
e Add lines 2a through 2d.................... 2e 0
3 Subtract line 2e from line 1................... 3 0
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 XIII.) ........... 4b 0
c Add lines 4a and 4b..................... 4c 0
5 Total expenses. Add lines 3 and 4c. (This must equal Form 990, Part I, line 18.) ...... 5 0
Part XIII
Supplemental Information
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, line 2; Part XI, lines 2d and 4b; and Part XII, lines 2d and 4b. Also complete this part to provide any additional information.
Return Reference Explanation
Schedule D, Part III, Line 4 Collections of art - description of collections The University of Oxford collections relate to museums, libraries, and other collections. The University objectives are to make the collections a focus for research, teaching, and collection-based scholarship within the University. The collections are used as a research resource for a wide range of scholarly users, a facility for interaction between the University and the public and an active contributor to the region's cultural development. The various Gardens, Libraries and Museums (GLAM) which host our collections continue to both support and lead research, with 106 published research outputs in 2024/25, an increase of 16% on 2023/24. This year over 50% of the research applications that received funding decisions have been successful, including Uncovering Oxford's Dinosaur Highway project. Researchers at the Museum of Natural History and the University of Birmingham uncovered over 200 fossil footprints in a quarry in north Oxfordshire that included footprints from the ferocious Megalosaurus. GLAM continued to offer essential services to the public and to the academic community throughout 2024/25, welcoming over 3.68m visitors to its public spaces, representing a 5% increase in visits from 2023/24. The Ashmolean Museum alone welcomed over 1m visitors for the first time in 15 years to view its collections and special exhibitions. The Ashmolean also successfully raised almost $6m to save the Renaissance masterpiece Fra Angelico's Crucifixion, which is now available for the public to view for generations to come. The Libraries saw a record use of their digital resources, with nearly 20.5m searches made on Search Oxford Libraries Online (SOLO), the University's library catalogue, a 25% increase on the previous year. GLAM continues to contribute to the community through its work with schools; in 2024/25 delivering over 4,900 school sessions to 113,000 students from across Oxfordshire and beyond. Throughout the year, GLAM ran an exciting public programme of 38 exhibitions and displays in addition to over 1,600 public engagement sessions ranging from talks and lectures to workshops and courses. Exhibitions and programmes in year include * At the Bodleian - Listen In: How Radio Changed the Home, a history of early radio broadcasting. * At the Museum of Natural History - Breaking Ground, an exhibition highlighting the 19th-century paleontological work of William and Mary Buckland, exploring their contributions, including original Megalosaurus fossils. * At the Ashmolean Museum - Anselm Kiefer: Early Works, a landmark exhibition of one of the world's most important living artists, featuring paintings, watercolours, artist books, photos and woodcuts made during the period 1969-82, all rarely displayed in the UK. * The Pitt Rivers Museum won Partnership of the Year at the 2025 Museum and Heritage awards for its Maasai Living Cultures project.
Schedule D, Part V, Line 4 Intended uses of endowment funds The University holds a large amount of funds on trust to be applied for specific purposes narrower than the University's general purposes of teaching and research - for example for professorial chairs, lectureship posts, scholarship schemes, student bursaries, and academic prizes. These funds have accumulated over many years, and have arisen almost entirely from donations received from University benefactors. Since its very beginning, the University has relied on philanthropic support to advance its mission and to sustain academic freedom. Over the centuries, many buildings, institutions, teaching posts, research posts and scholarships have been funded by the generosity of donors. Further information about individual trusts can be found at https://governance.admin.ox.ac.uk/about-trust-funds. Donors may specify that monies donated are to be permanently invested to generate an income stream either for a specific purpose or for the general purposes of the University. These funds are then accounted for as permanent endowments. Where the donor has specified a particular objective, and that the University must or may convert the donated sum into income, the fund is classified as a restricted expendable endowment. Endowment reserves at the year-end of $2,699m have been specified by respective donors to be spent in the following areas: * Academic posts (38%) - including funding from Jamie Arnell and family for a new Arnell Associate Professor in the Smith School * General academic (28% ) - monies which may be used for supporting teaching and research more broadly, including for scholarships, fellowships and laboratory funding * Scholarship funds (27%) - including the recently endowed Denys Firth Scholarship in theoretical physics and other support for students in all academic areas * Support for libraries and museums (6%) - including support for collections conservation as well as funding for fellowships to study our extraordinary collections, and for purchases of underrepresented art or restoration of unique pieces * Prize funds & societies (1%) As at the year end, the five most material endowment funds comprised 33% of the total. The University holds $369.9m from a 2012 endowment gift from the Crankstart Foundation to provide a programme of support for UK resident undergraduate students from disadvantaged backgrounds. Under the conditions of the terms of gift, the University commits to match the annual income for this or other projects to support disadvantaged students or applicants. The University holds $172.5m in endowments from a 1936 donation from Lord Nuffield. Under the terms of the trust deed, the fund is used to widen the scope of the Medical School of the University and to provide special facilities for research. The University holds $147.7m in endowments for the recently established Contemporary Ethics Fund. The conditions of the terms of gift are to facilitate ethical progress through research, teaching, and real-world application. The University holds $112.9m in endowments from the James Martin 21st Century Foundation. The primary purpose of the Foundation is to support the Oxford Martin School and establish or support any other entity within the University that advances specialised education relating to the severe problems of the 21st century. The University holds $107.8m in endowments from the Reuben Foundation for the benefit of Reuben College and student scholarships. Of the original gift, 70% comprises a core endowment for the new college, and 30% is ring fenced for scholarships.
Schedule D (Form 990) (Rev. 1-2025)


Additional Data


Software ID: 24020961
Software Version: 2024v5.1




SCHEDULE E(Form 990)
(Rev. January 2025)


Department of the Treasury
Internal Revenue Service
Schools

Right pointing arrow large image Complete if the organization answered "Yes" on 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.
Right pointing arrow large image Go to www.irs.gov/Form990EZ for instructions and the latest information.
OMB No. 1545-0047Open to Public Inspection
Name of the organization
CHANCELLOR MASTERS & SCHOLARS OF THE UNIVERSITY OF OXFORD
 
Employer identification number

98-6001062
Part I
YES
NO
1
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? . . . . . . . . . . . . . . . . . .
1
Yes
 
2
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? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2
Yes
 
3
Has the organization publicized its racially nondiscriminatory policy on its primary publicly accessible Internet homepage at
all times during its taxable year in a manner reasonably expected to be noticed by visitors to the homepage, or 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. . . . . . . . . . . . . . . . . . .
3
 
No
 
4
Does the organization maintain the following:
a
Records indicating the racial composition of the student body, faculty, and administrative staff? . . . . . . . . .
4a
Yes
 
b
Records documenting that scholarships and other financial assistance are awarded on a racially nondiscriminatory
basis? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4b
Yes
 
c
Copies of all catalogues, brochures, announcements, and other written communications to the public dealing
with student admissions, programs, and scholarships? . . . . . . . . . . . . . . . . . . . . . . .
4c
Yes
 
d
Copies of all material used by the organization or on its behalf to solicit contributions? . . . . . . . . . . . .
4d
Yes
 
If you answered "No" to any of the above, please explain. If you need more space, use Part II.
 
5
Does the organization discriminate by race in any way with respect to:
a
Students' rights or privileges? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5a
 
No
b
Admissions policies? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5b
 
No
c
Employment of faculty or administrative staff? . . . . . . . . . . . . . . . . . . . . . . . . .
5c
 
No
d
Scholarships or other financial assistance? . . . . . . . . . . . . . . . . . . . . . . . . . .
5d
 
No
e
Educational policies? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5e
 
No
f
Use of facilities? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5f
 
No
g
Athletic programs? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5g
 
No
h
Other extracurricular activities? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5h
 
No
If you answered "Yes" to any of the above, please explain. If you need more space, use Part II.
 
6a
Does the organization receive any financial aid or assistance from a governmental agency? . . . . . . . . . .
6a
Yes
 
b
Has the organization's right to such aid ever been revoked or suspended? . . . . . . . . . . . . . . . .
6b
 
No
If you answered "Yes" to either line 6a or line 6b, explain in Part II.
7
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, as modified by Rev. Proc. 2019-22, 2019-22 I.R.B. 1260, covering racial nondiscrimination? If "No," explain in Part II. . . . . . . . . . . . . . . . . . . . . . . . . .
7
Yes
 
Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 50085D
Schedule E (Form 990) (Rev. 1-2025)
Schedule E (Form 990) (Rev. 1-2025)
Page 2
Part II
Supplemental Information. Provide the explanations required by Part I, lines 3, 4d, 5h, 6b, and 7, as applicable. Also provide
any other additional information. See instructions.
Return Reference Explanation
Schedule E, Part I, Line 3 RACIALLY NONDISCRIMINATORY POLICY A racially discriminatory policy would be illegal within the UK so it would be unusual for the University to make such a statement. However, the University's undergraduate and postgraduate admissions websites and Prospectuses make it clear that admissions decisions are taken within the framework of the University's Equality Policy and the Equality Act 2010, and specifically that "Oxford is committed to recruiting the best candidates from all backgrounds and all identities. The University is committed to fostering an inclusive culture which promotes equality and values diversity."
Schedule E, Part I, Line 6(a) FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENT Oxford University receives various forms of grants and aid from U.K government agencies including via the Office for Students (OfS). Research funding is received from a variety of US governmental agencies.
Schedule E (Form 990) (Rev. 1-2025)
Additional Data


Software ID: 24020961
Software Version: 2024v5.1
SCHEDULE F(Form 990)
(Rev. January 2025)
Department of the Treasury
Internal Revenue Service
Statement of Activities Outside the United States
Right arrow Complete if the organization answered "Yes" to Form 990, Part IV, line 14b, 15, or 16.Right arrow Attach to Form 990.Right arrow Go to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
Open to Public Inspection
Name of the organization
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" on Form 990, Part IV, line 14b.
1
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? . . . . . . . . . . . . . . . . . . . . . . . . .
2
For grantmakers. Describe in Part V the organization’s procedures for monitoring the use of its grants and other assistance outside the United States.
3
Activites per Region. (The following Part I, line 3 table can be duplicated if additional space is needed.)
(a) Region (b) Number of offices in the region (c) Number of employees, agents, and independent contractors in the region (d) Activities conducted in region (by type) (such as, 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 the region		 (f) Total expenditures
for and investments
in the region
East Asia and the Pacific 1 100 Program Services Publishing, Education and Research 20,541,453
Europe (Including Iceland and Greenland) 6 22,059 Program Services Publishing, Education and Research 3,295,525,482
South Asia 1 507 Program Services Publishing, Education and Research 44,215,828
           
           
           
           
           
           
           
           
           
           
           
           
           
           
3a Sub-total .... 8 22,666 3,360,282,763
b Total from continuation sheets to Part I ... 0 0 0
c Totals (add lines 3a and 3b) 8 22,666 3,360,282,763
For Paperwork Reduction Act Notice, see the Instructions for Form 990.Cat. No. 50082W Schedule F (Form 990) (Rev. 1-2025)
Schedule F (Form 990) (Rev. 1-2025)
Page 2
Part II
Grants and Other Assistance to Organizations or Entities Outside the United States. Complete if the organization answered "Yes" on Form 990, Part IV, line 15, for any recipient who received more than $5,000. Part II can be duplicated 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 noncash
assistance 		(h) Description
of noncash
assistance 		(i) Method of
valuation
(book, FMV,
appraisal, other)
Europe (Including Iceland and Greenland) Research and Education 1,157,510 Wire Transfer      
Europe (Including Iceland and Greenland) Research and Education 1,062,560 Wire Transfer      
Europe (Including Iceland and Greenland) Research and Education 761,059 Wire Transfer      
Europe (Including Iceland and Greenland) Research and Education 303,840 Wire Transfer      
Europe (Including Iceland and Greenland) Research and Education 290,963 Wire Transfer      
Europe (Including Iceland and Greenland) Research and Education 271,535 Wire Transfer      
Europe (Including Iceland and Greenland) Research and Education 150,140 Wire Transfer      
Europe (Including Iceland and Greenland) Research and Education 104,034 Wire Transfer      
Europe (Including Iceland and Greenland) Research and Education 95,384 Wire Transfer      
Europe (Including Iceland and Greenland) Research and Education 94,333 Wire Transfer      
Europe (Including Iceland and Greenland) Research and Education 76,270 Wire Transfer      
Europe (Including Iceland and Greenland) Research and Education 60,566 Wire Transfer      
Europe (Including Iceland and Greenland) Research and Education 53,128 Wire Transfer      
Europe (Including Iceland and Greenland) Research and Education 42,478 Wire Transfer      
Europe (Including Iceland and Greenland) Research and Education 42,263 Wire Transfer      
Europe (Including Iceland and Greenland) Research and Education 40,083 Wire Transfer      
Europe (Including Iceland and Greenland) Research and Education 39,521 Wire Transfer      
Europe (Including Iceland and Greenland) Research and Education 26,564 Wire Transfer      
Europe (Including Iceland and Greenland) Research and Education 25,467 Wire Transfer      
Europe (Including Iceland and Greenland) Research and Education 23,456 Wire Transfer      
Europe (Including Iceland and Greenland) Research and Education 21,611 Wire Transfer      
Europe (Including Iceland and Greenland) Research and Education 19,923 Wire Transfer      
Europe (Including Iceland and Greenland) Research and Education 18,595 Wire Transfer      
Europe (Including Iceland and Greenland) Research and Education 15,938 Wire Transfer      
Europe (Including Iceland and Greenland) Research and Education 13,888 Wire Transfer      
Europe (Including Iceland and Greenland) Research and Education 10,891 Wire Transfer      
Europe (Including Iceland and Greenland) Research and Education 10,626 Wire Transfer      
Europe (Including Iceland and Greenland) Research and Education 10,626 Wire Transfer      
Europe (Including Iceland and Greenland) Research and Education 10,626 Wire Transfer      
Europe (Including Iceland and Greenland) Research and Education 10,579 Wire Transfer      
Europe (Including Iceland and Greenland) Research and Education 9,926 Wire Transfer      
Europe (Including Iceland and Greenland) Research and Education 9,297 Wire Transfer      
Europe (Including Iceland and Greenland) Research and Education 9,013 Wire Transfer      
Europe (Including Iceland and Greenland) Research and Education 8,368 Wire Transfer      
Europe (Including Iceland and Greenland) Research and Education 8,343 Wire Transfer      
Europe (Including Iceland and Greenland) Research and Education 8,301 Wire Transfer      
Europe (Including Iceland and Greenland) Research and Education 8,025 Wire Transfer      
Europe (Including Iceland and Greenland) Research and Education 6,641 Wire Transfer      
Europe (Including Iceland and Greenland) Research and Education 6,641 Wire Transfer      
Europe (Including Iceland and Greenland) Research and Education 6,508 Wire Transfer      
Europe (Including Iceland and Greenland) Research and Education 5,945 Wire Transfer      
Europe (Including Iceland and Greenland) Research and Education 5,944 Wire Transfer      
Europe (Including Iceland and Greenland) Research and Education 5,930 Wire Transfer      
Europe (Including Iceland and Greenland) Research and Education 5,555 Wire Transfer      
Europe (Including Iceland and Greenland) Research and Education 5,313 Wire Transfer      
2 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
37
3 Enter total number of other organizations or entities .......................MediumBullet
8
Schedule F (Form 990) (Rev. 1-2025)
Schedule F (Form 990) (Rev. 1-2025)Page 3
Part III
Grants and Other Assistance to Individuals Outside the United States. Complete if the organization answered "Yes" on Form 990, Part IV, line 16.
Part III can be duplicated if additional space is needed.
(a) Type of grant or assistance (b) Region (c) Number of recipients (d) Amount of
cash grant 		(e) Manner of cash
disbursement 		(f) Amount of
noncash
assistance 		(g) Description
of noncash
assistance 		(h) Method of
valuation
(book, FMV,
appraisal, other)
Scholarships Europe (Including Iceland and Greenland) 12,000 93,162,102 Wire Transfer      
Doctoral Training Partnerships Europe (Including Iceland and Greenland) 10,000 84,842,659 Wire Transfer      
Other student support Europe (Including Iceland and Greenland) 25,000 12,642,640 Wire Transfer      
Placements and other PG training Europe (Including Iceland and Greenland) 8,000 2,292,051 Wire Transfer      
Prize Funds Europe (Including Iceland and Greenland) 3,500 1,490,118 Wire Transfer      
Hardship payments Europe (Including Iceland and Greenland) 5,500 1,230,543 Wire Transfer      
               
               
               
               
               
               
               
               
               
               
               
               
Schedule F (Form 990) (Rev. 1-2025)
Schedule F (Form 990) (Rev. 1-2025)
Page 4
Part IV
Foreign Forms
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, Return by a U.S. Transferor of Property to a Foreign Corporation (see Instructions for Form 926). . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2 Did the organization have an interest in a foreign trust during the tax year? If "Yes," the organization may be required to separately file Form 3520, Annual Return to Report Transactions with Foreign Trusts and Receipt of Certain Foreign Gifts, and/or Form 3520-A, Annual Information Return of Foreign Trust With a U.S. Owner (see Instructions for Forms 3520 and 3520-A; don't file with Form 990). . . . . . . . . . . . . . . . . . . . . . . .
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). . . . . . . . . . . . . . . . . . . . . . . . . . . .
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, Information Return by a Shareholder of a Passive Foreign Investment Company or Qualified Electing Fund. (see Instructions for Form 8621) .
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). . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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 separately file Form 5713, International Boycott Report (see Instructions for Form 5713; don't file with Form 990).. . . . . . . . . . . . . . . . . . . . . . . . . . . .
Schedule F (Form 990) (Rev. 1-2025)
Schedule F (Form 990) (Rev. 1-2025)
Page 5
Part V
Supplemental Information
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.
ReturnReference Explanation
Schedule F, Part I, Line 2 Procedures for monitoring use of grant funds 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 their 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.
Schedule F, Part I, Line 3 Method used to account for expenditures on org's financial statements EAST ASIA AND THE PACIFIC-Accrual; EUROPE (INCLUDING ICELAND AND GREENLAND)-Accrual; SOUTH ASIA-Accrual
Schedule F, Part II, Line 1 Method used to account for expenditures on org's financial statements EUROPE (INCLUDING ICELAND AND GREENLAND)-Accrual
Schedule F, Part III(c) Explanation of estimate for number of recipients EUROPE (INCLUDING ICELAND AND GREENLAND):Based on average student numbers ;EUROPE (INCLUDING ICELAND AND GREENLAND):Based on average student numbers ;EUROPE (INCLUDING ICELAND AND GREENLAND):Based on average student numbers ;EUROPE (INCLUDING ICELAND AND GREENLAND):Based on average student numbers ;EUROPE (INCLUDING ICELAND AND GREENLAND):Based on average disbursement ;EUROPE (INCLUDING ICELAND AND GREENLAND):Actual
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
Schedule F (Form 990) (Rev. 1-2025)
Additional Data


Software ID: 24020961
Software Version: 2024v5.1



Schedule J
(Form 990)
(Rev. January 2025)
Department of the Treasury
Internal Revenue Service
Compensation Information
For certain Officers, Directors, Trustees, Key Employees, and Highest
Compensated Employees
medium right arrow graphic Complete if the organization answered "Yes" on Form 990, Part IV, line 23.
medium right arrow graphic Attach to Form 990.
medium right arrow graphic Go to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
Open to Public Inspection
Name of the organization
CHANCELLOR MASTERS & SCHOLARS OF THE UNIVERSITY OF OXFORD
 
Employer identification number

98-6001062
Part I
Questions Regarding Compensation
Yes
No
1a
Check the appropiate box(es) if the organization provided any of the following to or for a person listed on Form
990, Part VII, Section A, line 1a. Complete Part III to provide any relevant information regarding these items.
b
If any of the boxes on Line 1a are checked, did the organization follow a written policy regarding payment or reimbursement or provision of all of the expenses described above? If "No," complete Part III to explain .....
1b
 
 
2
Did the organization require substantiation prior to reimbursing or allowing expenses incurred by all
directors, trustees, officers, including the CEO/Executive Director, regarding the items checked on Line 1a? ....
2
 
 
3
Indicate which, if any, of the following the filing organization used 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.
4
During the year, did any person listed on Form 990, Part VII, Section A, line 1a, with respect to the filing organization or a related organization:
a
Receive a severance payment or change-of-control payment? .............
4a
 
No
b
Participate in, or receive payment from, a supplemental nonqualified retirement plan? .........
4b
 
No
c
Participate in, or receive payment from, an equity-based compensation arrangement? .........
4c
 
No
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), 501(c)(4), and 501(c)(29) organizations must complete lines 5-9.
5
For persons listed on Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the revenues of:
a
The organization? ....................
5a
Yes
 
b
Any related organization? .......................
5b
Yes
 
If "Yes," on line 5a or 5b, describe in Part III.
6
For persons listed on Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the net earnings of:
a
The organization? ..................
6a
Yes
 
b
Any related organization? ......................
6b
Yes
 
If "Yes," on line 6a or 6b, describe in Part III.
7
For persons listed on Form 990, Part VII, Section A, line 1a, did the organization provide any nonfixed
payments not described in lines 5 and 6? If "Yes," describe in Part III ............
7
 
No
8
Were any amounts reported on 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 ..........................
8
 
No
9
If "Yes" on line 8, did the organization also follow the rebuttable presumption procedure described in Regulations section 53.4958-6(c)? .........................
9
 
 
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50053T
Schedule J (Form 990) (Rev. 1-2025)

Schedule J (Form 990) (Rev. 1-2025)
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 on 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 (E) amounts for that individual.
(A) Name and Title (B) Breakdown of W-2, 1099-MISC compensation, and/or 1099-NEC (C) Retirement and other deferred compensation (D) Nontaxable
benefits		 (E) Total of columns
(B)(i)-(D) 		(F) Compensation in column (B) reported as deferred on prior Form 990
(i) Base
compensation 		(ii) Bonus & incentive
compensation 		(iii) Other reportable compensation
1Professor Irene Tracey
Vice-Chancellor 		(i)

(ii)		 563,591
-------------
0 		0
-------------
0 		0
-------------
0 		66,058
-------------
0 		0
-------------
0 		629,649
-------------
0 		0
-------------
0
2Professor Patrick Grant
Pro Vice Chancellor with portfolio 		(i)

(ii)		 239,141
-------------
0 		0
-------------
0 		0
-------------
0 		34,435
-------------
0 		0
-------------
0 		273,576
-------------
0 		0
-------------
0
3Professor Gavin Screaton
Head of the Medical Sciences Division 		(i)

(ii)		 435,423
-------------
0 		0
-------------
0 		0
-------------
0 		52,466
-------------
0 		0
-------------
0 		487,889
-------------
0 		0
-------------
0
4Professor James Naismith
Head of MPLS 		(i)

(ii)		 276,924
-------------
0 		0
-------------
0 		0
-------------
0 		33,175
-------------
0 		0
-------------
0 		310,099
-------------
0 		0
-------------
0
5Professor Timothy Power
Head of the Social Sciences Division 		(i)

(ii)		 233,393
-------------
0 		0
-------------
0 		0
-------------
0 		34,027
-------------
0 		0
-------------
0 		267,420
-------------
0 		0
-------------
0
6Professor Daniel Grimley
Head of the Humanities Division 		(i)

(ii)		 216,367
-------------
0 		0
-------------
0 		0
-------------
0 		31,363
-------------
0 		0
-------------
0 		247,730
-------------
0 		0
-------------
0
7Mr Simon Boddie
Chief Financial Officer 		(i)

(ii)		 362,853
-------------
0 		0
-------------
0 		0
-------------
0 		43,542
-------------
0 		0
-------------
0 		406,395
-------------
0 		0
-------------
0
8Ms Gill Aitken
Registrar 		(i)

(ii)		 330,159
-------------
0 		0
-------------
0 		0
-------------
0 		39,619
-------------
0 		0
-------------
0 		369,778
-------------
0 		0
-------------
0
9Dr David Prout
Pro Vice Chancellor with portfolio 		(i)

(ii)		 326,568
-------------
0 		0
-------------
0 		0
-------------
0 		39,188
-------------
0 		0
-------------
0 		365,756
-------------
0 		0
-------------
0
10Professor Chas Bountra
Pro Vice Chancellor with portfolio 		(i)

(ii)		 266,897
-------------
0 		0
-------------
0 		0
-------------
0 		28,063
-------------
0 		0
-------------
0 		294,960
-------------
0 		0
-------------
0
11Professor David Gann
Pro Vice Chancellor with portfolio 		(i)

(ii)		 276,005
-------------
0 		0
-------------
0 		0
-------------
0 		14,323
-------------
0 		0
-------------
0 		290,328
-------------
0 		0
-------------
0
12Mr Richard Ovenden
Bodley's Librarian & Head of GLAM 		(i)

(ii)		 256,824
-------------
0 		0
-------------
0 		0
-------------
0 		26,986
-------------
0 		0
-------------
0 		283,810
-------------
0 		0
-------------
0
13Professor Anne Trefethen
Pro Vice Chancellor with portfolio 		(i)

(ii)		 246,740
-------------
0 		0
-------------
0 		0
-------------
0 		35,777
-------------
0 		0
-------------
0 		282,517
-------------
0 		0
-------------
0
14Professor Martin Williams
Pro Vice Chancellor with portfolio 		(i)

(ii)		 239,483
-------------
0 		0
-------------
0 		0
-------------
0 		28,762
-------------
0 		0
-------------
0 		268,245
-------------
0 		0
-------------
0
15Mr Nigel Portwood
Chief Executive of Oxford University Press 		(i)

(ii)		 979,404
-------------
0 		481,778
-------------
0 		24,992
-------------
0 		0
-------------
0 		0
-------------
0 		1,486,174
-------------
0 		0
-------------
0
16Mr Charles Scobie
Group Finance Director, OUP 		(i)

(ii)		 393,591
-------------
0 		77,815
-------------
0 		3,790
-------------
0 		47,231
-------------
0 		0
-------------
0 		522,427
-------------
0 		0
-------------
0
17Ms Fathima Dada
OUP - Managing Director - Education 		(i)

(ii)		 624,875
-------------
0 		259,682
-------------
0 		818
-------------
0 		8,854
-------------
0 		0
-------------
0 		894,229
-------------
0 		0
-------------
0
18Mr David Clark
OUP - Managing Director - Academic 		(i)

(ii)		 513,779
-------------
0 		321,173
-------------
0 		15,195
-------------
0 		8,854
-------------
0 		0
-------------
0 		859,001
-------------
0 		0
-------------
0
19Professor Sue Dopson
Deputy Dean, SBS 		(i)

(ii)		 651,478
-------------
0 		0
-------------
0 		0
-------------
0 		35,439
-------------
0 		0
-------------
0 		686,917
-------------
0 		0
-------------
0
20Professor Soumitra Dutta
Dean and Professor of Management, SBS 		(i)

(ii)		 598,060
-------------
0 		0
-------------
0 		0
-------------
0 		69,725
-------------
0 		0
-------------
0 		667,785
-------------
0 		0
-------------
0
21Professor Ludovic Philippou
Professor of Financial Economics, SBS 		(i)

(ii)		 551,606
-------------
0 		0
-------------
0 		0
-------------
0 		46,561
-------------
0 		0
-------------
0 		598,167
-------------
0 		0
-------------
0
Schedule J (Form 990) (Rev. 1-2025)

Schedule J (Form 990) (Rev. 1-2025)
Page 3
Part III
Supplemental Information
Provide the information, explanation, or descriptions required for Part I, lines 1a, 1b, 3, 4a, 4b, 4c, 5a, 5b, 6a, 6b, 7, and 8, and for Part II. Also complete this part for any additional information.
Return Reference Explanation
Schedule J, Part I, Line 5a Compensation contingent on revenues of the organization Nigel Portwood, Charles Scobie, Fathima Dada, and David Clark were paid bonuses dependent on achievement of OUP's Group and Divisional objectives, sales, surplus, and cash conversion.
Schedule J, Part I, Line 5b Compensation contingent on revenues of a related organization Nigel Portwood, Charles Scobie, Fathima Dada, and David Clark were paid bonuses dependent on achievement of OUP's Group and Divisional objectives, sales, surplus, and cash conversion.
Schedule J, Part I, Line 6a Compensation contingent on net earnings of the organization Nigel Portwood, Charles Scobie, Fathima Dada, and David Clark were paid bonuses dependent on achievement of OUP's Group and Divisional objectives, sales, surplus, and cash conversion.
Schedule J, Part I, Line 6b Compensation contingent on net earnings of a related organization Nigel Portwood, Charles Scobie, Fathima Dada, and David Clark were paid bonuses dependent on achievement of OUP's Group and Divisional objectives, sales, surplus, and cash conversion.
Schedule J (Form 990) (Rev. 1-2025)

Additional Data


Software ID: 24020961
Software Version: 2024v5.1
SCHEDULE M
(Form 990)

Department of the Treasury
Internal Revenue Service
Noncash Contributions
Right pointing arrow large image Complete if the organizations answered "Yes" on Form 990, Part IV, lines 29 or 30.
Right pointing arrow large image Attach to Form 990.
Right pointing arrow large image Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2024
Open to Public Inspection
Name of the organization
CHANCELLOR MASTERS & SCHOLARS OF THE UNIVERSITY OF OXFORD
 
Employer identification number

98-6001062
Part I
Types of Property
(a)
Check if applicable 		(b)
Number of contributions or items contributed 		(c)
Noncash contribution amounts reported on
Form 990, Part VIII, line 1g 		(d)
Method of determining
noncash contribution amounts
1 Art—Works of art ....   3 1,494,226 Opinions of experts
2 Art—Historical treasures .        
3 Art—Fractional interests ..        
4 Books and publications .. X 123,111 Opinions of experts
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 ....   1 1,147,485 Opinions of experts
23 Scientific specimens ..        
24 Archeological artifacts ...        
25 Other Right pointing arrow large image ( Archive of David Cornwell ) X 1 1,992,300 Opinions of experts
26 Other Right pointing arrow large image ( Archive of Geoffrey Howe ) X 1 185,483 Opinions of experts
27 Other Right pointing arrow large image ( John Sayers Ocean Line Ephemera ) X 1 7,791 Opinions of experts
28 Other Right pointing arrow large image ( Archive of Richard Adams ) X 1 23,554 Opinions of experts
29
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
29
0
Yes
No
30a
During the year, did the organization receive by contribution any property reported in Part I, lines 1 through 28, that it must hold for at least three years from the date of the initial contribution, and which isn't required to be used for exempt purposes for the entire holding period? ...................
30a
 
No
b
If "Yes," describe the arrangement in Part II.
31
Does the organization have a gift acceptance policy that requires the review of any nonstandard contributions?
31
Yes
 
32a
Does the organization hire or use third parties or related organizations to solicit, process, or sell noncash
contributions? ..........................
32a
Yes
 
b
If "Yes," describe in Part II.
33
If the organization didn't report an amount in column (c) for a type of property for which column (a) is checked,
describe in Part II.
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 51227J
Schedule M (Form 990) (2024)
Schedule M (Form 990) (2024)
Page 2
Part IISupplemental Information. 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.
Return Reference Explanation
Schedule M, Part I, Line 32b Third parties used to solicit, process, or sell noncash contributions Heritage assets are capitalized in the financial statements at cost or deemed cost, where applicable. The University uses independent valuations for assets donated or acquired through schemes like the Acceptance in Lieu of Tax scheme managed by Arts Council England in conjunction with HM Revenue & Customs. These assets are accounted for at the equivalent tax value they are assigned when donated in lieu of tax. Where independent valuation is not feasible, the University relies on the expertise of its in-house curators. These experts are recognised authorities in their fields and intimately familiar with the collections they manage, ensuring accurate and fair valuations.
Schedule M, Part I Explanations of reporting method for number of contributions Art - Works of art - Number of items Books and publications - Contribution containing multiple items Historical artifacts - Contribution containing multiple items Other - Archive of David Cornwell Contribution containing multiple items Other - Archive of Geoffrey Howe Contribution containing multiple items Other - John Sayers Ocean Line Ephemera Contribution containing multiple items Other - Archive of Richard Adams Contribution containing multiple items
Schedule M (Form 990) (2024)

Additional Data


Software ID: 24020961
Software Version: 2024v5.1
SCHEDULE O
(Form 990)
(Rev. January 2025)
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 990-EZ or to provide any additional information.
Attach to Form 990 or 990-EZ.
 Go to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
Open to Public
Inspection
Name of the organization
CHANCELLOR MASTERS & SCHOLARS OF THE UNIVERSITY OF OXFORD
 
Employer identification number

98-6001062
Return Reference Explanation
Form 990, Part III, Line 4a-4c Description of program services (Expenses $ 624,149,589 including grants of $ 0)(Revenue $ 160,588,666) Other program services: This is generated from a variety of sources, working with national and international organisations, both private and not-for-profit. Our work encompasses multiple projects further expanding the boundaries of commercial, scientific and academic knowledge and disseminating this through a variety of appropriate means.
Form 990, Part VI, Line 4 Significant changes to organizational documents During the financial year 1 August 2024 to 31 July 2025, the University made the following changes to its statutes: Statute IV: Changes were made regarding which Statutes must have the approval of His Majesty to be changed, correcting an historical oversight. Statute VI: Changes were made to clarify term limits and procedures when a vacancy occurs other than at the end of a term of office. Statute XI: Changes were made to the University disciplinary process text to make the process more accessible, clearer, and more effective and to align definitions within the sector All changes to statutes require the approval of Congregation. Regulations are amended on a regular basis and are too numerous to list here.
Form 990, Part VI, Line 7a Members or stockholders electing members of governing body Congregation, the University's ultimate legislative body, is composed of virtually all academic staff and certain research support staff, administrators and librarians. Members of Congregation elect eleven members of Council and approve the appointment of the external members of Council.
Form 990, Part VI, Line 7b Decisions requiring approval by members or stockholders Congregation has responsibility for considering major policy issues submitted to it by Council or members of Congregation; elects members to certain University bodies, including Council; and approves changes to the University's statutes and regulations, which define the University's governance structure.
Form 990, Part VI, Line 11b Review of form 990 by governing body While the University's financial statements are being prepared, meetings are arranged with key finance/tax personnel to identify changes from the previous year's Form 990 or in applicable law, to agree methodologies for gathering information and to agree a timetable for completion and review of the Form 990. Once the University's financial statements have been signed off, figures are collated and reconciled to the financial statements. A review is done at this stage by key tax/finance staff to ensure accuracy and completeness. Prior to submission, a final review of the Form 990 is undertaken by key staff including the Head of Tax and the Group Tax Director on behalf of Council (the University's governing body). Additionally, external professional review of the completed Form 990 is comissioned to safeguard ongoing comp1iance and to ensure that appropriate disclosures are made.
Form 990, Part VI, Line 12c Conflict of interest policy The University has a conflict of interest committee, the remit of which includes ensuring that there are appropriate systems in p1ace to promote and monitor compliance with the University's policy on conflict of interest. Committee secretaries are asked to draw the conflict of interest policy to the attention of their members on an annual basis and to remind committee members at each meeting of the requirement to declare any conflicts or potential conflicts.
Form 990, Part VI, Line 15a Process to establish compensation of top management official The University has a Senior Remuneration Committee (SRC) responsible for setting and reviewing the remuneration of senior University officers, specifically the Vice-Chancellor, Registrar, Pro-Vice-Chancellors, Heads of Division, Director of Finance and Dean of the Business School. The SRC consists of three external members (two are external members of Council), one of whom is chair; one of the Proctors or the Assessor of the University; one member of Congregation appointed by Council from its elected members; and two other external members. Council may co-opt one additional member who may be internal or external. At all times, the Committee will be comprised of primarily lay members. The committee determines salaries on appointment and reviews remuneration biennially to ensure it remains appropriate. In setting senior remuneration packages the SRC will ensure fair (equitable), appropriate and justifiable levels of remuneration, taking account of: * the context in which the University operates and institutional performance within that context; * the remit and responsibilities of a role, and attributes required to undertake that role effectively;* the market rate in UK Universities for jobs of comparable scale and type. Benchmarking information is used and interpreted based on the scale, structure and ambition of the University. Where it is relevant the Committee may take account of evidence about the international market for comparable roles * factors in addition to the market rate which might lead to an adjustment to the salary, including: o the academic discipline of the individual; o their track record in academic and leadership roles; o internal relativities for jobs of comparable scale and type. The pattern of pay is checked against the relative size and complexity of the roles; and o retention and flight risk, where there is a clear and evidenced concern.
Form 990, Part VI, Line 19 Required documents available to the public The University's governing documents can be found on the University website at https://governance.admin.ox.ac.uk/legislation/statutes. Financial statements are also available at https://www.ox.ac.uk/about/how-we-are-run/governance-finance/finance-funding. The University's conflict of interest policy, along with other ethical policies can be found at https://researchsupport.admin.ox.ac.uk/governance/integrity.
Form 990, Part VIII, Line 2f Other Program Service Revenue Other program service revenue - Total Revenue: XXX-XX-XXXX, Related or Exempt Function Revenue: XXX-XX-XXXX, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ;
Form 990, Part XI, Line 9 Other changes in net assets or fund balances Net Exchange rate gains - XXX-XX-XXXX; Movement on pension liability - 13687101; Other changes in net assets - -11770257; Total - XXX-XX-XXXX;
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 51056K
Schedule O (Form 990) (Rev. 1-2025)


Additional Data


Software ID: 24020961
Software Version: 2024v5.1
SCHEDULE R
(Form 990)
(Rev. January 2025)
Department of the Treasury
Internal Revenue Service
Related Organizations and Unrelated Partnerships
Complete if the organization answered "Yes" on Form 990, Part IV, line 33, 34, 35b, 36, or 37.
Attach to Form 990.
Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047
Open to Public Inspection
Name of the organization
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 (if applicable) 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 entity?
Yes No












For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50135Y
Schedule R (Form 990) (Rev. 1-2025)
Schedule R (Form 990) (Rev. 1-2025)
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



 		(e)
Predominant income(related, unrelated, excluded from tax under sections 512-514)

(f)
Share of total income




 		(g)
Share of end-of-year
assets



 		(h)
Disproprtionate allocations?




 		(i)
Code V-UBI
amount in box 20 of
Schedule K-1
(Form 1065)
 		(j)
General or
managing
partner?



 		(k)
Percentage
ownership
Yes No 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
 		(i)
Section 512(b)(13) controlled entity?
Yes No
(1) Oxford University Innovation Limited

University Offices
Wellington Square
Oxford   OX12JD
UK
Research UK The Chancellor Masters & Scholars of the University of Oxford
  		C Corporation 0   100 % Yes  
(2) Oxford Limited

University Offices
Wellington Square
Oxford   OX12JD
UK
Retail UK The Chancellor Masters & Scholars of the University of Oxford
  		C Corporation     100 % Yes  
(3) Oxford Said Business School Limited

University Offices
Wellington Square
Oxford   OX12JD
UK
Education UK The Chancellor Masters & Scholars of the University of Oxford
  		C Corporation     100 % Yes  
(4) Oxford University Endowment Management

King Charles House
Park End Street
Oxford   OX11HU
UK
Investment Management UK The Chancellor Masters & Scholars of the University of Oxford
  		C Corporation     100 % Yes  
(5) Oxford University Fixed Assets Limited

University Offices
Wellington Square
Oxford   OX12JD
UK
Construction UK The Chancellor Masters & Scholars of the University of Oxford
  		C Corporation     100 % Yes  
(6) University of Oxford China Office

Suite 4018 Cosco Tower
Queens Road
    181183
HK
Fundraising HK The Chancellor Masters & Scholars of the University of Oxford
  		C Corporation 0 851,433 100 % Yes  
(7) Oxford Advanced Research Centres Limited

University Offices
Wellington Square
Oxford   OX12JD
UK
Investment Holding Company UK The Chancellor Masters & Scholars of the University of Oxford
  		C Corporation 0   100 % Yes  
(8) Oxford Research South Africa Limited

University Offices
Wellington Square
Oxford   OX12JD
UK
Management UK The Chancellor Masters & Scholars of the University of Oxford
  		C Corporation 0   100 % Yes  
(9) TOF Corporate Trustee Limited

King Charles House
Park End Street
Oxford   OX11HU
UK
Corporate Trustee UK Oxford University Endowment Management Limited
  		C Corporation 0   100 % Yes  
(10) Endowment Estates Limited

7 Albemarle Street
London   W1S4HQ
UK
Investment Company UK TOF Corporate Trustee Limited
  		C Corporation 0   100 % Yes  
(11) Ecosystem Capital Limited

King Charles House
Park End Street
Oxford   OX11HU
UK
Investment Company UK TOF Corporate Trustee Limited
  		C Corporation 0   100 % Yes  
(12) Oxford University (Suzhou) Science & Tehnology Co Ltd

388 Ruo Shui Road
Suzhou Industrial Park
Jiangsu   215123
CH
Research Activities CH Oxford Advanced Research Centres Limited
  		C Corporation     100 % Yes  
(13) Oxford in Berlin

co Charite Intl Cooperation Charite
Berlin   10117
GM
Management GM The Chancellor Masters & Scholars of the University of Oxford
  		Trust 0   100 % Yes  
(14) OELT Ltd

Great Clarendon Street
Oxford   OX26DP
UK
Publishing UK The Chancellor Masters & Scholars of the University of Oxford
  		C Corporation     100 % Yes  
(15) Oxford Publishing Limited

Great Clarendon Street
Oxford   OX26DP
UK
Publishing UK The Chancellor Masters & Scholars of the University of Oxford
  		C Corporation     100 % Yes  
(16) Oxford Reference Limited

Great Clarendon Street
Oxford   OX26DP
UK
Sale of online advertising UK The Chancellor Masters & Scholars of the University of Oxford
  		C Corporation     100 % Yes  
(17) Oxford University Press Espana SA

Parque Empresarial San Fernando
Edificio Atenas Esc A
Madrid   28830
SP
Publishing SP Oxford Publishing Ltd
  		C Corporation     100 % Yes  
(18) Oxford University Press Kabushiki Kaisha

Tamachi Place
3F 4-17-5 Shiba
Tokyo   1088386
JA
Publishing JA The Chancellor Masters & Scholars of the University of Oxford
  		C Corporation     100 % Yes  
(19) Oxford University Press (China) Ltd

39th Floor One Kowloon
No 1 Wang Yuen Street
Hong Kong    
HK
Publishing HK The Chancellor Masters & Scholars of the University of Oxford
  		C Corporation     100 % Yes  
(20) Oxford University Press (Shanghai) Ltd

Rm 1201-1202 No 1305 Li Tong Plaza
North Si Chuan Road
Shanghai   200080
CH
Publishing CH OUP (China) Limited
  		C Corporation 0 0 100 % Yes  
(21) Oxford University Press GmbH

Markgrflerstrasse 2
Stuttgart   70329
GM
Publishing GM Oxford Publishing Limited
  		C Corporation 0   100 % Yes  
(22) Oxford University Press Mexico SA de CV

Piso 11 Insurgentes Sur 1602
Esquina Hermes y Mosqueta
Mexico City   03940
MX
Publishing MX Oxford Publishing Limited
  		C Corporation     100 % Yes  
(23) Oxford University Press do Brasil Pub Lta

Av Jaguare 818 Galpoes
30/31 cep
Sao Paulo   05346000
BR
Publishing BR Oxford Publishing Limited
  		C Corporation     100 % Yes  
(24) Oxford University Press East Africa Limited

Upper Hill Elgon Road
PO Box 72532
Nairobi   00100
KE
Publishing KE Oxford Publishing Limited
  		C Corporation 0   100 % Yes  
(25) Oxford University Press Tanzania Limited

Plot 149 Mikocheni
B Old Bagamoyo Road
Dar Es Salaam    
TZ
Publishing TZ The Chancellor Masters & Scholars of the University of Oxford
  		C Corporation 0   100 % Yes  
(26) Oxford University Press Southern Africa Pty Ltd

Vasco Boulevard N1
City Goodwood
Cape Town   7460
SF
Publishing SF The Chancellor Masters & Scholars of the University of Oxford
  		C Corporation     100 % Yes  
(27) OUP Properties SA Pty Ltd

Vasco Boulevard
N1 City Goodwood
Cape Town   7460
SF
Publishing SF The Chancellor Masters & Scholars of the University of Oxford
  		C Corporation     100 % Yes  
(28) Oxford Yayincilik Ltd Sirketi

Deirmen Sok Nida Kule No18 K16
Kozyata Kadky
Istanbul   34742
TU
Publishing TU Oxford Publishing Limited
  		C Corporation     100 % Yes  
(29) Dentingan Kejayaan Sdn Bhd

4 Jalan Pemaju
Hicom-Glenmarie Industrial Park
Shah Alam,Selangor Darul E40150
MY
Publishing MY The Chancellor Masters & Scholars of the University of Oxford
  		C Corporation 0   100 % Yes  
(30) Oxford University Press Argentina SA

Edificio Central Park California
2082 Piso 3 Oficina
Buenos Aires   C1289ANN
AR
Publishing AR Oxford Publishing Ltd
  		C Corporation     100 % Yes  
(31) Oxford University Press Lesotho (Proprietary) Limited

Victoria Hotel Suite 211-212
Block B Kingsway
  Maseru100
LT
Publishing LT Oxford University Press Orbis Proprietary Limited
  		C Corporation 0   100 % Yes  
(32) Oxford University Press Namibia (Proprietary) Limited

Shop 48 Old Power Station
Complex Armstrong Street
Windhoek    
WA
Publishing WA Oxford University Press Orbis Proprietary Limited
  		C Corporation 0   100 % Yes  
(33) Oxford University Press Pakistan (SMC-Private) Limited

Korangi Industrial Area
No 38 Sector 15 PO Box 8214
Karachi   74900
PK
Publishing PK Oxford Publishing Ltd
  		C Corporation     100 % Yes  
(34) Oxford University Press Orbis Proprietary Limited

Vasco Boulevard N1
City Goodwood
Cape Town   7460
SF
Publishing SF Oxford Publishing Ltd
  		C Corporation 0   100 % Yes  
(35) Number Sense Maths Limited

Great Clarendon Street
Oxford   OX26DP
UK
Publishing UK The Chancellor Masters & Scholars of the University of Oxford
  		C Corporation     100 % Yes  
(36) OUP Services Private Limited

22 Workspace 2nd Floor
1/22 Asaf Ali Road
New Delhi   110002
IN
Publishing IN Oxford Publishing Ltd
  		C Corporation 0 4 100 % Yes  
(37) Oxford University Press India Private Limited

22 Workspace 2nd Floor
1/22 Asaf Ali Road
New Delhi   110002
IN
Publishing IN Oxford Publishing Ltd
  		C Corporation 3 9 100 % Yes  
Schedule R (Form 990) (Rev. 1-2025)
Schedule R (Form 990) (Rev. 1-2025)
Page 3
Part V
Transactions With Related Organizations. Complete if the organization answered "Yes" on Form 990, Part IV, line 34, 35b, or 36.
Note. Complete line 1 if any entity is listed in Parts II, III, or IV of this schedule.
Yes
No
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, or (iv) rent from a controlled entity .....................
1a
Yes
 
b Gift, grant, or capital contribution to related organization(s) ............................
1b
Yes
 
c Gift, grant, or capital contribution from related organization(s) ............................
1c
Yes
 
d Loans or loan guarantees to or for related organization(s) ............................
1d
 
No
e Loans or loan guarantees by related organization(s) ............................
1e
 
No
f Dividends from related organization(s) ............................
1f
 
No
g Sale of assets to related organization(s) ............................
1g
 
No
h Purchase of assets from related organization(s) ............................
1h
 
No
i Exchange of assets with related organization(s) ............................
1i
 
No
j Lease of facilities, equipment, or other assets to related organization(s) .......................
1j
Yes
 
k Lease of facilities, equipment, or other assets from related organization(s) ......................
1k
Yes
 
l Performance of services or membership or fundraising solicitations for related organization(s) .....................
1l
Yes
 
m Performance of services or membership or fundraising solicitations by related organization(s) .................
1m
Yes
 
n Sharing of facilities, equipment, mailing lists, or other assets with related organization(s) ...................
1n
Yes
 
o Sharing of paid employees with related organization(s) ............................
1o
 
No
p Reimbursement paid to related organization(s) for expenses ............................
1p
Yes
 
q Reimbursement paid by related organization(s) for expenses ............................
1q
 
No
r Other transfer of cash or property to related organization(s) ............................
1r
 
No
s Other transfer of cash or property from related organization(s) ............................
1s
 
No
2
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 related organization 		(b)
Transaction
type (a-s) 		(c)
Amount involved 		(d)
Method of determining amount involved
(1) Oxford University Innovation Ltd

 A 57,253,773 Royalties paid to parent company from managing subsidiary for income received on shared patents.
(2) Oxford University Innovation Ltd

 B 437,324 Grant paid to subsidiary for support of startup incubator space.
(3) Oxford Said Business School Ltd

 C 4,646,380 Charitable donation paid to parent charity based on in year and/or historical profits.
(4) Oxford University Innovation Ltd

 C 3,669,729 Charitable donation paid to parent charity based on in year and/or historical profits.
(5) Oxford University Endowment Management

 C 11,730,093 Charitable donation paid to parent charity based on in year and/or historical profits.
(6) Oxford University Fixed Assets Ltd

 C 9,347,578 Charitable donation paid to parent charity based on in year and/or historical profits.
(7) Oxford Publishing Limited

 C 35,987,497 Charitable donation paid to parent charity based on in year and/or historical profits.
(8) Oxford Said Business School Ltd

 J 190,820 Charge to subsidiary for use of office facilities
(9) Oxford Said Business School Ltd

 K 61,764 Fee paid to subsidiary for use of catering and conference facilities
(10) Oxford Said Business School Ltd

 K 118,858 Charge to subsidiary for provision of back office services by parent charity.
(11) Oxford University (Suzhou) Science & Technology Co Ltd

 L 251,362 Charge to subsidiary for provision of back office services by parent charity.
(12) Oxford University Fixed Assets Ltd

 L 170,992 Charge to subsidiary for provision of back office services by parent charity.
(13) Oxford Said Business School Ltd

 M 6,884,269 Funding paid to subsidiary for educational provision
(14) Oxford University Fixed Assets Ltd

 M 138,070,558 Fee paid to subsidiary for Design and Build Services
(15) Oxford University Innovation Ltd

 M 5,814,466 Fee paid to subsidiary for management of University, Divisional and staff patents.
(16) University of Oxford China Office Ltd

 M 678,693 Fee paid to subsidiary for fundraising and alumni relations
(17) Oxford Said Business School Ltd

 N 1,166,814 Costs of shared facilities
(18) Oxford University Innovation Ltd

 P 229,235 Reimbursement paid to related organizations for expenses
Schedule R (Form 990) (Rev. 1-2025)
Schedule R (Form 990) (Rev. 1-2025)
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) 		(d)
Predominant income (related, unrelated, excluded from tax under sections 512-514)

(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 V-UBI
amount in box 20
of Schedule K-1
(Form 1065) 		(j)
General or
managing
partner? 		(k)
Percentage
ownership
Yes No Yes No Yes No






























Schedule R (Form 990) (Rev. 1-2025)
Schedule R (Form 990) (Rev. 1-2025)
Page 5
Part VII
Supplemental Information
Provide additional information for responses to questions on Schedule R. See instructions.
Return Reference Explanation
Schedule R (Form 990) (Rev. 1-2025)

Additional Data


Software ID: 24020961
Software Version: 2024v5.1