CHANCELLOR MASTERS & SCHOLARS OF THE UNIVERSITY OF OXFORD

EIN: 986001062 501(c)(3)
Total Revenue
$3,757,234,011
Total Expenses
$3,861,178,321
Total Assets
$12,395,980,006
Net Assets
$8,908,712,119
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Financial Trends

Organization Details

Formation Year
1096
Phone
1865616131
Tax Period
2024-08-01 to 2025-07-31

CHANCELLOR MASTERS & SCHOLARS OF THE UNIVERSITY OF OXFORD, founded in 1096, is a large national nonprofit that reported $3.8B in total revenue in fiscal year 2024. Net assets of $8.9B represent 28 months of operating reserves.

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.

Program Service Accomplishments

Program 1
Expenses: $1,112,450,670 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...

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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

Program 2
Expenses: $936,045,243 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...

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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.

Program 3
Expenses: $805,425,793 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...

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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.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,084,821,197
Program Service Revenue $2,288,240,152
Investment Income $255,894,529
Other Revenue $128,278,133
TOTAL REVENUE $3,757,234,011

Expense Breakdown

Grants Paid $200,715,330
Salaries & Benefits $2,007,583,767
Fundraising Expenses $27,934,180
Program Expenses $3,478,071,295
Other Expenses $1,652,879,224
TOTAL EXPENSES $3,861,178,321

Year-over-Year Comparison

2024 2023 Change
Revenue $3,757,234,011 $3,629,522,803 +0.0%
Expenses $3,861,178,321 $2,647,703,689 +0.5%
Net Income $-103,944,310 $981,819,114 -1.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
28
Independent Members
5
Employees
N/A
Volunteers
5

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
10
$3,465,014
Total Directors
32
$2,216,363
Key Employees
2
$2,008,601
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Professor Irene Tracey Vice-Chancellor 40.0
Officer Director
$563,591 $66,058 $629,649
Professor Patrick Grant Pro Vice Chancellor with portfolio 40.0
Officer Director
$239,141 $34,435 $273,576
Dame Helen Ghosh Chair of Conference of Colleges (to Sep 24) 5.0
Director
$0 $0 $0
Dr Sir Michael Jacobs Council Member (from Oct 24) 5.0
Director
$0 $0 $0
Mr Charles Harman Council Member 5.0
Director
$0 $0 $0
Mr Nicholas Kroll Council Member 5.0
Director
$0 $0 $0
Mr Tom Fletcher Council Member (to Sep 24) 5.0
Director
$0 $0 $0
Ms Sharmila Nebhrajani Council Member 5.0
Director
$0 $0 $0
Ms Wendy Becker Council Member 5.0
Director
$0 $0 $0
Professor Alex Schekochihin Council Member 5.0
Director
$0 $0 $0
Professor Cecile Fabre Council Member 5.0
Director
$0 $0 $0
Professor Conall MacNiocaill Junior Proctor (from Mar 24) 5.0
Director
$0 $0 $0
Professor Daniel Grimley Head of the Humanities Division 40.0
Director
$216,367 $31,363 $247,730
Professor Diego Sanchez-Ancochea Council Member (to Sep 24) 5.0
Director
$0 $0 $0
Professor Frances Platt Council Member (from Oct 24) 5.0
Director
$0 $0 $0
Professor Gavin Screaton Head of the Medical Sciences Division 40.0
Director
$435,423 $52,466 $487,889
Professor Geraldine Johnson Council Member (from Oct 24) 5.0
Director
$0 $0 $0
Professor James Naismith Head of MPLS 40.0
Director
$276,924 $33,175 $310,099
Professor Krina Zondervan Council Member 5.0
Director
$0 $0 $0
Professor Nandini Das Council Member (from Oct 24) 5.0
Director
$0 $0 $0
Professor Nandini Gooptu Council Member 5.0
Director
$0 $0 $0
Professor Patricia Daley Council Member 5.0
Director
$0 $0 $0
Professor Proochista Ariana Council Member 5.0
Director
$0 $0 $0
Professor Raphael Hauser Assessor (from Mar 24) 5.0
Director
$0 $0 $0
Professor Richard Hobbs Council Member (to Sep 24) 5.0
Director
$0 $0 $0
Professor Sam Wolfe Council Member 5.0
Director
$0 $0 $0
Professor Sir Charles Godfray Council Member 5.0
Director
$0 $0 $0
Professor Sir Rory Collins Council Member (to Sep 24) 5.0
Director
$0 $0 $0
Professor Thomas Adcock Senior Proctor (from Mar 24) 5.0
Director
$0 $0 $0
Professor Timothy Power Head of the Social Sciences Division 40.0
Director
$233,393 $34,027 $267,420
Sir Chris Deverell Council Member 5.0
Director
$0 $0 $0
The Rt Hon Sir Ernest Ryder Chair of Conference of Colleges (from Oct 24) 5.0
Director
$0 $0 $0
Dr David Prout Pro Vice Chancellor with portfolio 40.0
Officer
$326,568 $39,188 $365,756
Mr Richard Ovenden Bodley's Librarian & Head of GLAM 40.0
Officer
$256,824 $26,986 $283,810
Mr Simon Boddie Chief Financial Officer 40.0
Officer
$362,853 $43,542 $406,395
Ms Gill Aitken Registrar 40.0
Officer
$330,159 $39,619 $369,778
Professor Anne Trefethen Pro Vice Chancellor with portfolio 40.0
Officer
$246,740 $35,777 $282,517
Professor Chas Bountra Pro Vice Chancellor with portfolio 40.0
Officer
$266,897 $28,063 $294,960
Professor David Gann Pro Vice Chancellor with portfolio 40.0
Officer
$276,005 $14,323 $290,328
Professor Martin Williams Pro Vice Chancellor with portfolio 40.0
Officer
$239,483 $28,762 $268,245
Mr Charles Scobie Group Finance Director, OUP 40.0
Key Emp
$475,196 $47,231 $522,427
Mr Nigel Portwood Chief Executive of Oxford University Press 40.0
Key Emp
$1,486,174 $0 $1,486,174
Mr David Clark OUP - Managing Director - Academic 40.0
Highest
$850,147 $8,854 $859,001
Ms Fathima Dada OUP - Managing Director - Education 40.0
Highest
$885,375 $8,854 $894,229
Professor Ludovic Philippou Professor of Financial Economics, SBS 40.0
Highest
$551,606 $46,561 $598,167
Professor Soumitra Dutta Dean and Professor of Management, SBS 40.0
Highest
$598,060 $69,725 $667,785
Professor Sue Dopson Deputy Dean, SBS 40.0
Highest
$651,478 $35,439 $686,917
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $3,757,234,011 $3,861,178,321 $12,395,980,006 $-103,944,310
2024 $3,629,522,803 $2,647,703,689 $11,256,440,917 $981,819,114
2023 $3,422,082,921 $3,178,771,124 $10,422,011,962 $243,311,797
2022 $3,135,411,955 $2,854,250,528 $10,000,458,945 $281,161,427
2021 $3,128,060,530 $3,015,499,632 $10,924,685,600 $112,560,898
2020 $3,017,540,114 $2,515,327,630 $9,136,943,444 $502,212,484
2019 $2,711,005,963 $2,901,742,647 $7,979,331,896 $-190,736,684
2018 $2,636,047,096 $2,616,594,585 $8,100,591,829 $19,452,511